The music industry would be crazy to nix this. Imagine selling special tracks exclusively through turntable.fm, branding rooms for DJs and celebs, etc.
Shazam pushes $100 M. in purchases towards iTunes etc each year. Turntable could blow that away.
But the industry is going to see people uploading DRM free tunes and freak about not getting enough of a cut.
I wonder if anyone is working on an open source implementation that people could run on private servers. If it does get shut down, it would be nice if I could run this just for myself and my friends - really, it would be no different than inviting them to a party and turning on my radio. (Though, honestly, I'd wager someone has been sued for this.)
The question is whether Turntable will have to make so many compromises with the labels that the site loses its appeal. You can't skip through something like more than two songs in a row in 8tracks. You could see how those kinds of restrictions could potentially ruin the fun of Turntable.
Shazam pushes $100 M. in purchases towards iTunes etc each year. Turntable could blow that away.
But the industry is going to see people uploading DRM free tunes and freak about not getting enough of a cut.