Qtrax has released a press release this morning stating that they have finally signed Sony BMG to their catalogue.

Qtrax is a legal P2P downloading service. In January 2008, Qtrax was overeager to announce it’s launch during the Midem conference and misrepresented ongoing negotiations and expired deals with major recording labels as being signed deals.

Qtrax is a very interesting service that has never really lived up to expectations. I’m keen to see how the service grows and if they can actually deliver decent royalty rates for the content providers. Here at RouteNote we are always looking for the next site to take off and Qtrax is definitely in the mix.