Qtrax
QTRAX was an Israeli ad-supported digital music service that provides Downloads, Streaming and Radio via Mac and PC (and on Android and iOS from February 2015) that operated from 2008 to 2019. CEO Allan Klepfisz has stated that maintaining compensation for copyright holders while capturing part of the 95 percent marketshare that continues to download music illegally is the ambition behind Qtrax's current model. History The company announced the launch of its service in January 2008, at the music industry's global conference MIDEM in Cannes. Qtrax claimed to have obtained licenses to distribute the music of the big four music record labels: EMI, SonyBMG, Universal Music Group and Warner Music Group. In the days leading up to the announcement, the stock price of Qtrax's parent company, Brilliant Digital, reached a 52-week high. However, within days, it became clear to the media that several of the material claims made by the company were untrue. When asked to explain, Qtrax stated that they felt they had "been unfairly crucified because a competitor tried to damage" them, and that they did "have industry agreements including with the major labels." although the "ink hadn't dried" on some of the deals. Qtrax also announced that