Corbis

Gates' Corbis launches online music-licensing firm

Thursday, March 8, 2012 - 12:30pm

Microsoft co-founder Bill Gates' privately-held Corbis has launched GreenLight Music, an online music service to allow customers to license music for the web, advertising, and other professional uses.

The service offers over a million songs from "the Big Four" (Warner, EMI, Universal, and Sony). According to reports, customers bid for the use of avaialble songs, then negotiate with labels for the final price.

A GreenLight spokesman says the company has no plans at present to create a consumer-targeted online music service.

Read more from Newsday here.

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