Friday, November 16, 2007

Is Cyloop Music's New Business Model?

Soon, you'll be able to hear the entire music catalogs of labels like Warner and EMI for free, without commercial interruptions, on a social networking site called Cyloop.com. Cyloop.com, headed by Argentine-born Demian Bellumio, began life as ElHood.com, a social network website geared toward Hispanic musicians. The company changed its name to Cyloop in August with goals to expand globally, including English-language offerings. On Monday, Cyloop.com announced it had signed deals with heavyweights like Warner and The Orchard, which distributes the music of about 6,000 independent labels. Members can stream as much music as they want and create playlists to save and share with other members. The catch: You have to be logged in to Cyloop.com to play the music. And, forget about downloading the songs to your computer.
http://www.hispanicbusiness.com/news/newsbyid.asp?id=82032&cat=Today's+Most+Popular+Stories&more=/news/newspopular.asp

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