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  • MONDAY OCTOBER 2 2006 11:00 PM

Philing The Social Music Store Funk

Capturing the essence of iTunes, and the function of MySpace, PhilaFunk.com is a "social music store." The site wa designed to be a haven for indie musicians, for .80 cents of every .99 cent song sold goes to the musician. This way musicians get paid, have a social network to attract new listeners, and little need for a record label. However, MySpace themselves intend on launching a similar service soon.

Unfortunately, indie services can only really launch someone into getting a record deal, rather then provide an end all solution to remove record labels from the music industry. This type of service can also potentially help an upcoming band make a few bucks early on, but not necessarily allow them to quit their day jobs.

 
Comments
ether_medius

ether_medius

Toronto, ON
November 2004

OCT 03, 2006 08:32 AM

There aren't a great many record deals that will let any artist "quit their day jobs."

I think the indie route is a smart one and will pay off in the long run. The big labels are basically running a money racket and their margins are getting thinner as the barriers of entry into the market become lower. I'm happy to see initiatives like this and hopefully we'll see a business model rise out of it that will replace the major labels at some point.

Virgin afterall was started in the back of a record store. Who knows what the next real innovation will be. There's certainly a lot of catching up the industry needs to be doing. This is a great step in the right direction. Cheers.