Overview

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Status
Acquired by on September 22, 2010
Total Equity Funding
$3.9M in 2 Rounds from 2 Investors
Headquarters:
Long Island City, NY
Description:
Amie Street is a web-based social music store that enables members to discover, download and share music.
Founders:
Categories:
Music
Website:
http://amiestreet.com
Social:

Company Details

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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.

Funding Rounds (2) - $3.9M

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DateAmount / RoundValuationLead InvestorInvestors
Oct, 2009$3.9M / Series B1
Aug, 2007undisclosed amount / Series A1

Investors (2)

InvestorRound(s)Partner(s)
Series A (Lead)-
Series B (Lead)-

Acquisitions (1)

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DateAcquiredAmount
Oct 1, 2008Cash & Stock

Current Team (1)

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Competitors (5)

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  • Amazingtunes is a website enabling users to find, share, rate, and recommend songs.
  • eMusic is a digital music service allowing subscribers to discover and download music.
  • Grooveshark is a free web-based music application that enables internet users listen to music on-demand.
  • Popcuts is a unique online music store. DRM-free songs are sold for 99cents, but every time a song you bought sells, you get a cut of the
  • SellaBand is an online platform that coordinates and executes recording sessions and fan funded music projects for artists.

Offices/Locations (1)

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  • Office

    Long Island City, NY

    USA

Past Team (2)

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