Popular DJing social networking destination Turntable.fm can now stream music from major recording artists thanks to them getting the blessing to do so from the record companies who are known for relentlessly protecting their catalogs. The deal was announced by the site's founders Billy Chasen and Seth Goldstein during SXSW, and both men are excited about the deal could mean for the future.
"This feels like an all-time record speed launch - when we launched we really didn't come at this from the music industry, it was all new to us," Goldstein told Billboard.biz of the nine-month-old service's new licensing deals. "Our model is unique - we're not a radio service, not an on-demand service. We have interesting aspects that really require some out-of-the-box thinking. We felt that from the get-go the labels were absolutely different from what I'd been led to believe. They gave us a lot of time and attention. Compared to their user base, we're a tiny service in the broad scheme of things."
