RouteNote, digital music distributor (and a leader in music-pun company names) is pulling its clients’ tracks off of Last.fm. In a blog posting on their site, the company cited a lack of revenue from royalty payments as the reason. They will remove music once they receive take down e-mails from the artists.
Even though the post offers vague encouragement to artists to join Last.fm on their own, the story serves as further evidence that streaming music sites aren’t yet viable sources of revenue for lots of artists.
RouteNote does go on to praise Last.fm’s ability to help artists promote their music to millions of people worldwide. But because they’re in the business of helping their clients sell and monetize their music, they want nothing to do with Last.fm.