Sonific, Internet Radio Site, Dies
TechCrunch reports that Sonific, an online music radio service similar to Pandora and last.fm, is shutting down operations on May 1st, saying that they were unable to secure licensing from the record labels in a way that made their business possible. According to a post by Gerd Leonhard, Co-Founder & CEO of Sonific:
“There are countless startups providing access to any and all music streams without any license whatsoever. However, when we approached the major record label decision makers in order to obtain licenses for some of the music in their catalogs we have routinely faced demands for very large cash advances and fixed per-stream minimum payments, pressure to give them ‘free’ company equity, and requirements of utterly bizarre usage restrictions.
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