As if there weren't enough streaming sites on the web (Pandora, LaLa, Purevolume, MySpace) now Last.fm is doing just that. Since Last.fm started some individual tracks have been streamed on the site, but a limited amount.
This week Last.fm abolished all individual tracks and are now making their site more like Purevolume, where artists have pages and can stream their music via their page.
Here is the zinger, Last.fm is paid for every song that is streamed on their site, even with this new layout, artists still will not be getting paid any royalties, no matter how many times their songs are listened to.
Last.fm claims that these plays are promotional and thereof do not fall under the royalty laws. So, artists, you can stream your music, but Last.fm is taking all of your money.
-Samantha Corrie Schulman