@GeeknRolla: Musiio aims to let bands go direct to fans
Co-founder Matt McCallum told a GeeknRolla start-up panel that the still-to-launch Musiio is a service that allows users to “search, share and discover” music. The service mixes music streaming with a kind of social networking where artists keep in touch with fans.
But whereas Spotify is often derided by artists and music labels for not properly remunerating artists for ad-supported streaming – Musiio wants to offer the service to users for free.
So how will the company make any money? In short, the artists pay. “Artists and labels will be charged a fee to host their music on Musiio; we’ll charge them every time they send a message to their fans, because there’s a value to that,” says McCallum. On top of that, the site plans to implement a pay per click model too.
The site isn’t launching today and is still working on the site so it will be interesting to see where it goes from here…