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Tuesday, March 22, 2005
Next-Generation P2P Music Network Launched: Bitmunk

Digital Bazaar announced that they have launched their Bitmunk music network to the world.

Their innovative file distribution technology ensures that artists can distribute their work via a peer-to-peer based network while ensuring the proper royalties are paid to them.

"Bitmunk is best of breed technology and is the most fair system to the labels, artists, distributors and fans," said Manu Sporny, CEO of Digital Bazaar. The network allows artists and labels complete control over their content on the network. Copyright owners are allowed to manage royalties, descriptions, licensing options, allowable distribution countries, and many other facets of their creation.

"One of the many great features of Bitmunk is that once you buy a song from the network, you may then re-sell that song to anybody else on the network for a small profit," added Michael Johnson, COO of Digital Bazaar, "You can then use the money you earn selling songs to purchase new songs that interest you. We have created a very symbiotic relationship between the labels, artists, distributors and fans - one where everyone has an incentive to participate."

Digital Bazaar expects single song prices to hover between 50 to 95 cents for single songs and $6 to $9 for complete albums. All digital music on the network is in high-quality MP3 format and is thus compatible with all major MP3 music players, including the Apple iPod, Creative Zen Touch, iRiver, and Rio portables.

There is no registration or listing fee for content creators. "It is a free service for labels and artists. If you want to sell your music on your terms, this service is for you." added Sporny. Artists can capture as much as 84% of the sale price of each song, "We're incredibly pro-artist while staying very pro-fan as well" said Johnson.

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