Thursday September 14th 2006, 11:53 am
Filed under: entertainment
Amie Street, a Rhode Island-based company, is developing a marketplace for music where the price per song is determined by market demand. This makes so much sense! Why should songs cost 99 cents regardless of whether the band is new and unkown, or well established. Such a model would be a huge boon for emerging artists, because people may be more willing to pay 10 cents for an unknown artist vs. 99 cents, and as interest in the artist rises, so does the price people are willing to pay.
[thanks, Eric Olson]
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