Music industry watch

Magnatune

Boing Boing points out Magnatune which is an online record label that has no meatspace counterpart. EMusic was supposed to be like this, but it ended up being a music distributor on the net for Indie labels. Magnatune seems to take a level headed approach to the music biz:

Magnatune Manifesto

We are an Internet record label which sells and licenses music by encouraging MP3 file trading and Internet Radio.

When you find an artist you like, pay what you can afford to show your support, starting at $5 for an entire online album. Companies can sublicense our music for commercial use using our no haggling, easy online forms. All money from your purchases is split 50/50 with our artists.

No major label connections.

We are not evil.

Their selection is quite limited, but ya hafta start somewhere, right?

Posted by Mayhem at May 12, 2003 11:06 AM