Warner Music Pulls Out Of Last.fm
Warner Music has pulled its on-demand catalog off of Last.fm, the online music service that allows users to listen to any track on their site at anytime.
Warner Music Group has now removed its full-track, on-demand catalog from Last.fm, who is owned by CBS. “We are currently negotiating a new agreement with Warner Music Group and are working hard to build the most comprehensive music service on the web,” a CBS spokesperson stated in a prepared release.
The reason for the withdrawal is that WMG is dissatisfied with the payout from the per-play, ad-based deal.