Gainesville, Fla. - Grooveshark, a peer-to-peer music sharing service that says it compensates artists and copyright holders, on Friday launched a one-day promotion that offered songs for purchase for 29 cents. The company added that it will now put 100% of its profits toward re-compensation of users who allow song uploads from their computers, upping the reward from 10 cents to 25 cents per song. "We have licensing agreements, partnerships and relationships with nearly 75 major and independent labels, and have more than 3.5 million unique tracks available through Grooveshark.com -- all DRM-free," said founder and CEO Sam Tarantino. The company says more than 5,000 users have signed up since it launched a private beta of the service on Sept. 1.

Gainesville, Fla. - Grooveshark, a peer-to-peer music network that compensates artists, has signed a licensing agreement to add tracks from classical music label Naxos to its service. Under the deal, more than 5,000 classical works will be made available on Grooveshark, where users pay no more than 99 cents to download DRM-free MP3 song files, and are rewarded for participation in the community -- such as writing revnews and allowing downloads from their computers.

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Slacker, Inc., a personal radio company enabling consumers to play highly personalized music everywhere, today announced that Lon Levin, co-founder of XM Satellite Radio and satellite industry veteran, has joined Slacker as Senior Advisor. Mr. Levin is an entrepreneur and executive with over 20 years of experience in new media, satellite and wireless companies.
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Gainesville, Fla. - Escape Media Group on Thursday introduced Grooveshark, a new peer-to-peer music sharing service the company says will compensate both copyright holders and members who participate in the community. Founded by 20-year-old Escape Media Group CEO Sam Tarantino, Grooveshark is expected to begin beta testing during the first quarter of 2007. The service will offer songs in the unprotected MP3 format for no more than 99 cents, and pay royalties to copyright holders -- although no licensing deals were announced. The company will also reward users who participate in the community by uploading songs, fixing song tags, flagging unwanted files or reviewing music with free downloads from Grooveshark.