The parent company of yet-to-launch ad-supported music service Qtrax says it is "seriously evaluating" spinning Qtrax off into its own separate entity.

Brilliant Technologies owns LTD Network, which does business as Qtrax. Brilliant Technologies also owns several targeted advertising technologies, which it may spin off into distinct entities as well.

Additionally, Brilliant updated the expected launch date for the Qtrax service as hopeful for this September -- close to a year later that originally indicated.