Magnatune's Online Music Service is a Win-Win
For Listeners and Artists
New music site with a novel
approach may be the model that works to serve the interests of all
parties
Berkeley, CA - July 15, 2003 - CDs cost too much, and
artists only get 20 cents to a dollar for each CD sold if they're
lucky. And, most CDs quickly go out of print. Napster, Gnutella and
Kazaa proved that people love music, and they want to share it.
Lawsuits may shut Kazaa down (and Kazaa obviously promotes copyright
violation), just as Napster was shut down. Clearly there's a huge
public demand for Open Music.
Using the Internet to listen to music is usually tedious: there
are too many ads, too many clicks, and the sound quality is usually
bad. It's too much work, not enough reward. A well run Internet
radio station (such as Shoutcast, or Spinner) solves that, but the
entrenched record industry wants to kill that too, with onerous
licensing terms and odd "rights limited" playback schemes.
Magnatune helps artists get exposure, make at least as much money
they would make with traditional labels, and helps them get fans and
concerts. Magnatune's goal is to find a way to run a record label in
the Internet Reality: file trading, Internet Radio, musicians'
rights, the whole nine-yards.
For more information: http://www.magnatune.com/
