Amazon Backs Popularity-Priced Music Site

August 7th, 2007

Amazon is forging ahead in digital music, leading a first round of investment for Amie Street, a music startup that is banking on a demand-based pricing system.Founded in the Spring of 2006 by then Brown University seniors — Josh Boltuch, Elliott Breece, and Elias Roman — AmieStreet.com puts the power in the hands of community members to determine the price of songs.

“Amie Street has a very smart and innovative team,” Jeff Blackburn, senior vice president for business development at Amazon.com, said in a statement. “The idea of having customers directly influence the price of songs is an interesting and novel approach to selling digital music.”

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