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Music Label Cashes in by Sharing

  • 09-10-2003 10:52am
    #1
    Lemming
    Registered Users, Registered Users 2 Posts: 14,149 ✭✭✭✭


    From Wired.Com
    As the major record companies scramble to put a lid on peer-to-peer file-sharing networks like Morpheus and Kazaa, an upstart California record label is trying to revolutionize the industry by taking the opposite approach: making file sharing the heart of its business.

    Berkeley-based Magnatune calls its approach "open music," a blend of shareware, open source and grass-roots activism.

    The idea is to let users try music before they buy, and when they do, to give half of every sale to the artist.

    Finally, a label that represents the vast bulk of musicians and not the Britney Spears & Spice Girl types of the industry.

    Good to see money going back to artists and that they retain their material, even if the sums of money are not massive. Better than everyone else profitting from their work and screwing them.


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