Today, musicians who sign with major record labels might be selling their souls. In many cases, musicians with a gift of song may not be well versed in business. Here’s a story about how you can sell 1 million albums and owe your record label $500,000.

With Facebook, Twitter, and YouTube, independent music is exploding. Today, talented independent musicians can generate a loyal fan following by creating and recording music and posting it for the world to see. For free. Tunezy will empower independent musicians and fans of great music. It will soon be possible for more great artists to further their careers without selling their souls.

I’m thrilled to let you know that it was announced today that Intertainment Media Inc. has also made a significant investment in Tunezy. You can read their official press release here.

Tunezy will be launching their private beta in the next few weeks. I would love for you to check it out. You can visit the site and sign up to get an early invite. During the private beta, you’ll be able to use the site to discover great music and we would love your feedback on the usability of the site. The public beta will launch after we get feedback. Then, the official launch will follow towards the end of this year.

I also wanted to note that the people behind Tunezy have impressed me to no end. Their creativity and professionalism is inspiring. I’m the old guy in the room at 34 (see the pic below). I tried explaining the relation between a pencil and tape recorder to a few of them and was met with empty stares. (For you young ones, you used a pencil to wind up the tape when it occasionally got pulled loose when removing it from the tape recorder.) Yeah, they make me feel old. But they also make me feel I should be working harder. They are all exceptionally talented and driven like few people I’ve ever met. And they are all under one roof.

Their talents have not gone unnoticed. Recently 80 North American startups entered a competition at the National Business Technology Conference in March of this year. Tunezy placed first overall as judged by a group of venture capitalists, entrepreneurs, and executives. They took home additional funding, lots of prizes, and many business cards from private investors looking to get in on the next round of financing.

If you would like to get an early invite, please visit Tunezy.com.

You can also follow Tunezy on twitter and Facebook.

Preet