Grooveshark is at SXSW Music this week, promoting the upcoming release of an Analytics suite for music artists and labels. The company is also generously offering ReadWriteWeb readers $1000 worth of music vouchers (details below). We reviewed Grooveshark in August last year, when Josh Catone described it as "one part Last.fm, one part Limewire, and one part iTunes store."P2P music service
"On the surface," wrote Josh, "Grooveshark most resembles a Last.fm-style social network. The web site scans your music collection and serves up recommendations based on people with similar musical tastes and user behavior. It's built around a simple social network with friends lists, messages and a standard profile page."
However what really differentiates Grooveshark is its payment model. It not only pays artists for their musics, but users too. The company splits profits with users 50/50, after royalty payments to artists, publishers, and other rights holders.
A new as yet unreleased feature is an analytics suite, which will allow all artists, labels and others who have signed up to Grooveshark to be able to keep track of who is purchasing their music, where they are coming from, and other types of analytics. This feature is slated for launch in a few weeks time.
Another upcoming feature is one that will allow users to share their songs by broadcasting them on Twitter.
RWW Promotion: $1000 Worth of Vouchers to Giveaway
Grooveshark has 200 $5 vouchers to give away to ReadWriteWeb readers. All you have to do is email Steve Spalding of Grooveshark with 'ReadWriteWeb' somewhere in the subject line.