Amy Street: Awesome new music mode

There's been a lot going on in the music industry lately, showing that big brands are steadily moving toward selling DRM-free music. It seems to me that this development/evolution is inevitable and subsequently the price will be reduced to zero. You can sell services based on the level of service (relief and download speed, including music video content and art books, etc.), but not too much. I'll expand on these ideas in a post later this week.

today, I accidentally saw A called Amy Street 's new website may have found a way to help people discover, market and price new or little-known music.

This is a very initial site, with a few bugs (I can only make flash player work on Firefox on a PC, unfortunately not IE or a Mac with Firefox installed), and the interface can use some mobile help. But this business model is a killer. I've never seen it before.

Artists can upload their music to Amy Street for promotion and sale. Users form social networks with friends, listen to and buy music. All songs are in DRM-free MP3 format. The song appears to be at a 192kpbs quality level, although it may just be an artist uploading unknown things.

All songs are available for free. The price fluctuates over a period of time based on the demand for the song. At present the highest song Danny Ross "Hit the Wall" Against the Wall is $0.36. So far, 273 songs have been uploaded. This on-demand pricing model looks like a good way to sell music.

Users can search, browse, and listen to music for free (via streaming). My download test went well, and the price of the song was properly charged from the $3 credit account I had placed on my credit card.

Users who have purchased songs can use the limited number of "rec's" they receive (a rec for every dollar they add to their account) to recommend them to their friends. Once recommended, if the price of the song increases, the user's account will be credited once. Give them an incentive to recommend good work.

If you recommend a song for 1 cent or more, Amy Street will pay you half of the difference in price. So if you recommend a song for 10 cents and the price of the song ends up at 90 cents, we'll pay you 40 cents (half of the difference of 80 cents).

If you recommend a song that is still free (0 cents) and the price of the song ends up at 98 cents, we will deposit 98 cents into your Amy account. For users who recommend songs at a still-free price, Amy Street pays you more because you're taking on more risk and because we want everyone on Amy Street to recommend great undiscovered songs.

Artists keep 70% of the proceeds beyond $5 after sale. They don't have to sell their music entirely on Amy Street, and they can cancel at any time.

This model is very well thought out. Since most bands don't care about people stealing their music - they just want people to hear it - Amy Street can be a great way for them to promote their stuff. Myspace has proven that social networking is the perfect mechanism for promoting music, and Amy Street's slight tweaks to the model can be a winner. This is a notable event as it prepares for a full public launch.

the original address: Amie Street: Awesome New Music Model Thank you Michael Arrington StephenZhai & have spent Delivered this article.