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The company that had trouble paying bills and acquiring licensing rights the past three years has finally penned some deals. The service is expected to launch next week.
The top music labels would have lost confidence in Qtrax a long time ago if not for Jay Berman, the former RIAA chief, who is representing the music service.
First Oracle and now two other vendors are suing the online music start-up, charging it with unpaid bills. Qtrax also appears to be behind payments to at least one label.
Oracle supplied the music service with software, but Qtrax's $1.8 million payment bounced, according to court documents.
The popular European music service is without a single label deal more than a year after first promising to launch here. All music fans can expect from the company this holiday season is spin.
Robin Kent, who worked for failed music service SpiralFrog and the controversial P2P start-up Qtrax, is walking away from digital music.
Last January all four of the major recording companies denied the start-up's assertion that it had cut deals with them. But now Qtrax is starting to gather momentum.
Legal P2P music service must still cut licensing deal before it can offer songs from Warner Music Group.
MySpace is in talks to acquire Imeem, a music service that is once again running low on cash, multiple sources say.
Lots of big tech players go shopping, while Intel closes antitrust deal. Also: Windows 7 inspired by Mac OS?