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Amazon.com Buys Amie Street

By stockshaven on  From themarketfinancial.com
Amazon.com, Inc. (NASDAQ:AMZN) has acquired Amie Street , an online music store specialized for indie music. Amazon plans to absorb the retail operations and shut down the service. Amazon.com was one of Amie Street’s investors as of four years ago. Amie Street’s offices will remain open in New York and will continue to run independently. The Amie Street team will focus on Songza, a company that Amie Street acquired last year. Amie Street grew in popularity when Ashley Alexandra Dupr...Read Full Story

Amazon.com Buys Amie Street

By stockshaven on  From themarketfinancial.com
Amazon.com, Inc. (NASDAQ:AMZN) has acquired Amie Street , an online music store specialized for indie music. Amazon plans to absorb the retail operations and shut down the service. Amazon.com was one of Amie Street’s investors as of four years ago. Amie Street’s offices will remain open in New York and will continue to run independently. The Amie Street team will focus on Songza, a company that Amie Street acquired last year. Amie Street grew in popularity when Ashley Alexandra Dupr...Read Full Story

Amazon buys (some of) digital music site Amie Street

By ocianes on  From ozablog.com
Digital music site Amie Street has been bought by Amazon, but the founders of the user-fueled music service aren’t abandoning their efforts to bring social networking to music lovers. “We’ve been straddling two spaces for years now — streaming and download,” Amie Street co-founder Elias Roman told The Reg. “We’ve basically been splitting our attention. This is a fundamental change in focus from retail and streaming to just streaming.” Co-founder Josh Boltuch stressed to The Reg that...Read Full Story

Amazon Acquires Amie Street Music Startup

By moff17 on  From webpronews.com
Amazon has acquired music startup Amie Street , which the company actually helped fund. Unfortunately for Amie Street users, the service will be shut down. Amie Street has an interesting business model, which lets musicians upload music, which starts out free to users. The more downloads the songs get, the more the price goes up (up to a $1). Interesting as it may be, it apparently didn't work.  According to Michael Arrington , the Amie Street team will focus on Amazon's Songza, a...Read Full Story

Amazon buys online music retailer Amie Street

 From ap.org
Amazon.com Inc., seeking to expand its position in the music download market against rivals such as Apple Inc. 's iTunes Store , has purchased online music retailer Amie Street for an undisclosed amount. In an e-mail to users Wednesday, Amie Street acknowledged the sale and said Amazon first invested in the company nearly four years ago. Unlike online music stores like Amazon MP3 and the iTunes Store, the site has allowed users to buy songs that start free and become increasingly expensive as...Read Full Story
Jackie Smithe Amazon MP3 welcomes former Amie Street customers! - http://amiestreet.com/... 7 minutes ago from Welcome to Amazon MP3 - Comment - Like  
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In their own words...from the About Us section of amiestreet.com:

Amie Street is the most fun way to discover and buy music online because we have a social network that facilitates music discovery and because we price music right - all songs start free and rise in price the more they are purchased. Our dynamic prices allow fans to buy music without breaking the bank and they serve as a useful tool for finding great music.

We know music is social, and finding new music needs to be fun. Music discovery is best served by communication between people, so we reward fans when they recommend songs to their friends by giving them credit to buy more music. Whether you spend two minutes or two hours on Amie Street you are connected to a world of music lovers discovering new music together.

We support our artists by giving them 70% of song sales and never taking ownership of their creative work. We want all artists on Amie Street to be successful and we believe that our unique marketplace will accomplish this goal to a degree never achieved before.
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