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Online music retailer Amie Street purchased by Amazon

Written by Andre Yoskowitz (Google+) @ 08 Sep 2010 15:33 User comments (1)

Online music retailer Amie Street purchased by Amazon 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, traffic will be forwarded to Amazon MP3.

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1 user comment

19.9.2010 10:03

I wouldn't buy from Amie Street anyhow but this isn't good for the company as Amazon is a horrible company. I won't use them for anything.

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