Listen.com gets mainstream backing

Listen.com, a site featuring downloadable music, announced Friday all five major record labels have invested in the company. BMG, EMI, Universal, Warner and Sony have all made undisclosed investments in the year-old San Francisco-based startup. The company also announced deals with six independent labels, bringing the total number of independents partnering with Listen.com to 14. The company calls the investments a "sign that the entire music industry will be moving aggressively online this year." -- Jennifer Mack, ZDNet News