Yesterday, when I was heading to uni from city I grabbed one of those MX Newspapers.
Interestingly I read on the cover page the following article: Buy a digi-redo; secondhand tracks are going for a song.
In fact ReDigi.com is a marketplace for digital second hand music. The user can sell their old or new mp3 songs. According to the MX Newspaper, since its launch at the 13th of October, it attracted more than 130,000 users. A verfiying process will ensure that the traded songs were legally purchased, and also that the seller's source will be quickly deleted.
The prices of the songs will be a fraction of the prices charged at itunes or other popular sites.
Even the artist and labels will get a small part from the revenue.
In my opinion it is a really good way for the customers to get rid of old digital music and trade songs.
If there is a online market for second hand physical products such as ebay.com, why should there not exist a market place for digital products.
By charging only a fraction of the new sale price, customers have an incentive to trade.
Interestingly I read on the cover page the following article: Buy a digi-redo; secondhand tracks are going for a song.
In fact ReDigi.com is a marketplace for digital second hand music. The user can sell their old or new mp3 songs. According to the MX Newspaper, since its launch at the 13th of October, it attracted more than 130,000 users. A verfiying process will ensure that the traded songs were legally purchased, and also that the seller's source will be quickly deleted.
The prices of the songs will be a fraction of the prices charged at itunes or other popular sites.
Even the artist and labels will get a small part from the revenue.
In my opinion it is a really good way for the customers to get rid of old digital music and trade songs.
If there is a online market for second hand physical products such as ebay.com, why should there not exist a market place for digital products.
By charging only a fraction of the new sale price, customers have an incentive to trade.
Interesting. I wonder how the verifying process for ensuring that the tracks are legit works. Also impressive how many users the website attracted.
ReplyDeleteOn the other hand, with cloud computing becoming larger and larger, I think the mp3 will slowly be phased out. Having all your music in the cloud (and not having to purchasing it in the first place, but instead subscribe to 'everything' like on Spotify) is just so much more convenient I think.
I couldn't use my Wordpress account to comment for some reason
ReplyDelete/Staffan H (http://circlesfansfollowers.wordpress.com)
Wow, what a weird idea, but awesome! So is this whole thing legit? If I want to sell a song that I legitimately own, will the new owner also own it legitimately. If I decide to keep the song but still make it available, I could potentially get money for it without parting with anything? Or my understanding incorrect. Please post on yammer when you have answered this so that I can come back to it because I can't get notifications through Google reader for followup comments.
ReplyDeleteRoss
@Ross What i understand from this concept, is that they will delete the song from all of your devices (dont ask we how they are doing this :)) when you are selling it.
ReplyDelete