Andre Yoskowitz
8 Sep 2010 15:33
Online music retailer Amie Street has confirmed today that is has been purchased by Amazon, for an undisclosed amount.
Amazon is actively looking to expand its market share in the music download market where Apple's iTunes remains the clear leader.
Amie Street said today that Amazon first invested in the company in 2006.
Separating Amie Street from other music retailers was the fact that the site allowed users to purchase songs (when they are newly released) for 1 cent, and the price continued to go up the more popular the song becomes.
Starting September 22nd, AmieStreet.com traffic will be forwarded to Amazon MP3.