The Master Plan
Popcuts Pays You To Find Good New Music
From Techcrunch:
The web is full of hipsters scouring the indie music scene for the next big thing. And while there is no shortage of communities where these trendsetters can share their picks, they’ve never stood to gain anything from being ahead of the crowd (aside from a slight sense of superiority). Popcuts, a Y Combinator-funded music store that launches today in public beta, is looking to reward these early adopters by paying store credit to the first people who buy a song that later goes on to become popular.
When an artist signs on to the store, they allocate a certain portion of the revenue generated by their songs to go back to their fans. This money is then distributed according to how early each user purchased a song (the earlier you buy, the more you make). For example, the band My First Earthquake has decided to pay out 30% of its revenues to its fans. The earliest adopters (say, the first dozen people to buy the song) will break even after the song has been purchased by around 25 other people. Fans buying the song later on will still earn credit, but it will be earned at a much slower rate (the site will tell you how quickly you’ll be earning credit before you buy a song).
Great concept!
Broken Record: Four Mistakes That Killed the Record Indstry Before File Sharing
artistspaid:(via yvynyl)
Creating an advertising campaign and “extending it digitally” usually ends up as a checklist. Micro-site? Check. Online banners? Check. Social media? Check. Mobile? Check.
…Old habits die hard. While consumers are out there spending countless hours on social networks, file-sharing applications, chat, community sites, buying stuff, selling stuff and using multiple devices, some of us tradigital old fogies are still reaching for our beloved toolbox of the past in the hopes of getting their attention.
Why Digital Marketing Needs a Reboot: Advertising Age (via somethingchanged)
Apricado: Selling Your Music Has Never Been This Easy
From Techcrunch:
Apricado makes the music submission process ridiculous easy (perhaps to a fault): After uploading a song, the site will automatically detect the artist name and generate a music store (for example, a song by Mika would generate www.apricado.com/Mika). Each song sold will be distributed without DRM, and the site will only take a 20% cut of the revenues (industry standards are usually 30% or more). Visitors who navigate to this site will be presented with a list of available songs. After entering their credit card information on the same page, the selected songs as downloaded as a single .zip file. Artists can also get embed codes for their stores, so they can offer a mini-marketplace on their blogs or MySpace (a Facebook app is on the way).