Update: Reuters.com is reporting that the major record labels have said that this information is false. They have not signed a contract with Qtrax but they were working together on beta testing. So now we would have to wait and see if any of the major record labels would actually sign the contract which we doubt. Why doesn’t each major record label run there own website/p2p and make their own profit ?

The new buzz
of the internet for today is a company named Qtrax which is going to offer free and legal music to download. It is going to work with p2p in a way that you don’t have to download any program, it runs of your browser. The great news about this is that all major record labels have signed an agreement so it is legal to download it from the website. It also offers more songs than iTunes and Amazon which is a great way to compete. Of course to every great story comes bad news. So far it is DRM wrapped, you need a specific player to listen to the music and even worse for most, it doesn’t work with your ipod. They say that they are working on it but until then I don’t see myself using this service. Mac users are also screwed because it only works for Windows at the moment but it is expected to be Mac compatible in March. I hope everything works out the way they plan it and that it will be free and legal, if it does these will be a great success.

Yasser