Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-11-Speech-2-332"
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"en.20080311.33.2-332"2
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"I am sure that Mr Mavrommatis recalls that Qtrax recently announced a new agreement with several major labels to offer the first free and legal advertisement-supported peer-to-peer service with major music labels on their website. It happened at the MIDEM Conference in Cannes in January.
However, it seems that no deal is currently in place that would allow free downloads of their music catalogues. Indeed, in reaction to the Qtrax announcement, the four major companies have publicly stated that no deal has yet been finalised, although negotiations are ongoing. At this stage, there are still uncertainties as to how many agreements Qtrax will eventually sign with the major music labels and as to the content and the scope of these agreements.
It is therefore too early to make any preliminary assessment of the impact on competition in the online music industry. However, it is clear that such a service would not only have to be licensed by the record labels, but the authors who wrote and composed the music would also, of course, have to be part of the agreement."@en1
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