Stock Market Music on Amie Street
i first encountered Amie Street through composer Charles B. Griffin's website a while back. At first i thought it was just another basic MP3 upload site for artists to promote their own tracks, with a curious pricing scheme that allowed newer tracks to be free and popular ones to range in price, up to 99 cents. To be honest, i didn't spend much time exploring around and soon forgot about the Amie Street concept.
Fast forward to this past Saturday. My oldest son now owns my beloved video iPod, so i'm stuck with either listening to MP3's through my (bulky) Samsung i730 PDA phone or with my dinky little Lexar MP3 player that came as a 'bonus' with my Bose Q3 headphone purchase. Well, i've been finally getting back into running and needed to quickly find some music for "exerci-nsperation" for Saturday's run. Being bereft of my iPod has made me a virtual iTunes orphan since i can't easily port over DRM-trapped tracks to any of my other devices, so i tried to think of some other options. i started revisiting AmieStreet.com and had my "aha!" moment when i finally understood how really, really cool this site is!
AmieStreet.com works as a virtual "stock market" for music. As i stated above, new tracks get introduced for free. The more popular a track becomes by the number of downloads, the higher it starts to rise in price. The cool part here is that if you download a track - either when it's brand new and available as a free download, or at any price point as it climbs in popularity - and then write up a recommendation for the track, you will have the opportunity to accumulate purchasing "credits" as the track (hopefully) rises in value. Say for example, you download a classical music track - oh, perhaps like the Chopin "Raindrop" Prelude in D-flat major (hint hint) while it's available as a free download. If you really love it and feel inspired to write up a recommendation for it, you'll "lock in" your "purchase price" - in this case, $0. If the track climbs in value, say to 55 cents, then you will be rewarded that amount to apply to any purchase within your Amie Street account. If the track is only available for a price, then you will need to purchase it first before writing a recommendation. Your received credit will become the difference between your purchase price and the final price (up to 99 cents, i believe) whenever you decide to "cash in" your credit for the track.
i don't know about you, but i find this utterly ingenious! By this system, listeners are rewarded for exploring and sharing their discoveries, and artists are given a viable tool to promote their work while still retaining full rights to their material. From what i can tell from my initial foray, AmieStreet has a $5.00 "storage fee" for each track. i'm assuming that once enough sales come in to cover that fee, then the artist will start receiving 70% of the proceeds above that amount.
i'm just dabbling with this for now, but i'll keep everyone posted as i upload more tracks for sale. You can visit my Amie Street "store" at http://amiestreet.com/hughsungpianist (banners soon to follow here on the site). Oh, and if you're curious as to what i ended up running to on Saturday:
tags: Hugh, Sung,, recordings,, AmieStreet,, Charles, Griffen,, AmieStreet.com,, MP3,, Chopin No Trackbacks |