Music Label Cashes in by Sharing
Chris Ulbrich,
Wired News,
Oct 10, 2003
This is a very nice story about a music publisher, Magnatune, which has adopted the open publishing approach to selling its tunes. "The idea is to let users try music before they buy, and when they do, to give half of every sale to the artist." It was so refreshing to find a music site online that doesn't treat me like a criminal. Oh yeah, and they're making money, too. "The website now brings in $15,000 to $20,000 a month, 80 percent of it from downloads, the remaining 20 percent from licensing deals."
Today: 5 Total: 83 [Direct link] [Share]
