"Be Your Own Record Store: Bleep and Universal Team Up To Allow Fans To Sell Music For a Cut..."

[Afro-Punk]

Have you guys heard about this?
"People's Music Store, a new London-based digital download platform that allows fans to market music online, has signed a deal with Universal Music to license more than 300,000 tracks including songs by Amy Winehouse, Duffy, U2, Kanye West, Jay-Z, 50 Cent and Morrissey.
People's Music Store is described as being powered by music fans. The Universal deal will allow users to promote and sell the music they like, earning 10% of the sale price in reward points they can exchange for tracks from the store.
Users can set up their own digital record stores, design the storefronts, choose music from the licensed catalog, write their own reviews, and market their store online on blogs, Facebook and MySpace pages using the widgets from People’s Music Store."
Source: Billboard.biz via The Daily Swarm.

What do you think?

[Ghettopunkrocker]

Interesting concept...

[LesYpersound]

no to Universal, but yay to more choices?

[kifaru]

This is bullshit!!! Why is the 10% not in cash? I build you a sales infrastructure using my own equipment and bandwith and you reap all the monetary benefits and all I get is a few downloads that I might have otherwise pirated anyway? Damn all that. Pay me!

[Rosenda]

Definitely more to choices. Great idea to start up.