The service has a catalog of over 50,000 tracks and it continues to grow with a range from all genres of music. The Swedish start-up offers an internet marketplace where manufacturers purchase could find and license samples from thousands of recordings. Some monitors start at $1.99. A statement by the company says, "Exactly what iTunes did for downloads and also Spotify failed for streaming, so Tracklib is on track to do for music sampling."

Many others, Prince Paul, Erick Sermon, Hank Shocklee, Questlove and Statik Selektah have come together to support Tracklib. Tom Silverman, the founder of iconic hip-hop label Tommy Boy Records, has also joined in to support the new initiative.

Tracklib is a brand new service that may make it "easy and cheap for artists and manufacturers to clear samples legitimately," an announcement says.

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