Social-networking music store offers artists 80%

TooMuchBloodTooMuchBlood Posts: 312
edited November 2006 in Other Music
Hello, all. I just started doing part-time PR work for a social-networking music store in which unsigned bands can earn 80 percent from sales of each track. That's the best offering in the world and beats MySpace.com's deal by a quarter on each 99 cent track.

So if you're looking to get into the music game or want to hear some great original music outside the corporate structure (my name's Chameleon Alien, by the way), it's worth checking out the site, http://www.PhilaFunk.com. For those who live in the Philadelphia area, you can also check out a cool venue near Penn's campus where shows are BYOB and FREE. Contact me if you'd like more info.

Here's the write-up I did. Please pass the word if you're so willing.

Thanks,
Brian

PhilaFunk.com a Booming Site
for Artists to Have Voices Heard

Website a Wellspring for Music Fans to Explore Diverse, Original Music
and Gives More Money to Artists Than Any Site in the World

With large labels collapsing in the digital age as independent artists and labels have access to new ways to sell music, PhilaFunk.com is primed to emerge as a leader in music distribution.

PhilaFunk (http://www.PhilaFunk.com) offers artists the greatest earning potential of any legal Web site in the world offering music downloads.

On PhilaFunk, artists earn 80 percent of music sales. That's a whopping amount compared with competitive sites such as MySpace.com, which takes 45 cents from the cost of each track sold by artists, whether a song sells for 79 cents or 99 cents.

Launched in August by two recent University of Pennsylvania graduates, PhilaFunk imports the concept of the widely popular CDBaby.com—the largest independent seller of independent music on the Internet, having sold almost 3 million CDs since 1998—into the purely digital realm.

The difference between the two sites is, unsigned artists no longer need to pay at great cost to have CDs pressed and liner notes printed; they need only to upload their music and watch it reach the masses. Another key difference between the two sites is that CDBaby keeps $4 for each CD sold, leaving artists with far earning power compared with PhilaFunk.

Launched by two recent University of Pennsylvania graduates, Andrew Kortina and Iqram Magdon-Ismail, PhilaFunk is also giving music fans a place to find tunes they couldn't elsewhere. Designed in the vein of the social-networking site MySpace, PhilaFunk allows members, or "friends," of the site to explore unsigned artists' music by listening to minute-long song samples and downloading tracks artists have made available for free. Artists set the price for each track, which generally cost 79 cents or 99 cents, and complete records are available for purchase.

Since PhilaFunk launched three months ago, hundreds of users have signed on to the site from 45 states and more than 20 countries. The site is hosting the first national online battle-of-the-bands contest and will award $10,000 to the top independent group as judged by PhilaFunk members each week for a year. Ten finalists will be flown to Philadelphia in October to record five videotaped performances in PhilaFunk's studios. Those performances will be judged in a final competition.

PhilaFunk allows artists to post profiles, videos, photos, messages, events at which they will perform and embed media files at sites such as YouTube.com. A key advantage of PhilaFunk compared with sites such as MySpace is that site administrators respond quickly to the needs of artists and friends and make improvements to the site. PhilaFunk is growing rapidly by the day in membership and in the number of tracks sold.

PhilaFunk allows artists and friends to communicate with one another and post invitations with times and locations of their performances. Many shows are held at PhilaFunkLive, 8 N. Preston St. in West Philadelphia, a block north of Market Street between 40th and 41st streets. PhilaFunk, with the assistance of a Philadelphia angel partner, converted one of the country's first buildings constructed to serve telephone companies—a picturesque 100-plus-year-old building listed on the National Register of Historic Places—into PhilaFunk and PhilaFunkLive headquarters.

PhilaFunkLive houses PhilaFunk's operations, high-tech, multiroom studios and atmospheric venue space with a capacity for 1,000 guests. For music fans seeking to experience live music by PhilaFunk artists in a range of genres—including rock, hip-hop, spoken word and gospel—PhilaFunkLive is Philadelphia's newest nightlife gem.
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