When Turntable.fm took off during the summer of 2011, adding 140,000 users in its first month, investors were climbing over one another to give Billy Chasen their money. Two years and millions of songs later, Chasen announces that he is shutting the company down for good, ending one of the most compelling experiments in music discovery to ever hit the web. A big part of what doomed Turntable was trying to play by the rules, says Chasen. The idea that the music industry’s current system of licensing and royalty fees is crippling American startups has been gaining traction for a while.
via Tech News Headlines - Yahoo News http://ift.tt/1lPvbrk
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