Launched in July of 2006, AmieStreet (pronounced like the name “Amy”) allows artists to upload their music for promotion and sale. All songs are free to start, but prices fluctuate over time based on demand. The site, started by three Brown University seniors, gives artists 70% of revenues after taking the first $5 of revenue from each song.
AmieStreet has partnered with a number of labels including Nettwerk Music Group, INgrooves, Daptone Records and United For Opportunity (UFO). Music from these labels is sold in the same manner as all other music on AmieStreet. The service’s closest competitor is SellABand, which also has a socially driven music monetization model.
|Launch Date||July 4, 2006|
|Tags||music, buy, sell-amiestreet, media-distribution|
AmieStreet is a music download service, where any artist can upload their music for download. Users then go to the site and purchase songs, with the starting price set at free. When downloads pick up, the price starts to rise, all the way up to $0.98. If a song gets to $0.30 or so, you know it’s popular. Artists keep 70% of revenues as long as they have made at least $5. Additionally, artists are not required to sell their music exclusively through Amie Street and can remove it at any time.
On the user end, users can search, browse and listen to music for free (via streaming). Users who have purchased a song can recommend it to their friends using a limited number of RECs that they’ve received (users get one per dollar they add to their account). Once recommended, users will get account credit if the price of the song increases, giving them an incentive to find and recommend good music.