Cryptid
New Member
That megabox idea is deadly.There is a definite want for an easy to use,low cost alternative to what exists already.Bandcamp charge an extraordinary 15% for their services,which if you price an LP at ?5 is 75cent for them.A figure I can scarcely believe given the nature of their service.Hosting of a mp3s just cant be that expensive.10% sounds way more reasonable too me.Bandwitdh isnt that prohibitively expensive these days.
Word, I think they're creaming it a bit. Correct me if I'm wrong, but the paypal element of it is about 2.5%-5%. 15% is almost the same cost as a manager.
Charging bands if more than 200 free mp3s (or thereabouts.. sorry I don't have the figure) are downloaded is a bit OTT too, when soundcloud, mediafire et al do it for free (well, with ads. I suppose bandcamp don't use ads, but that's cold comfort for the band).
"We have a solution called the Megakey that will allow artists to earn income from users who download music for free," Dotcom outlined. "Yes that's right, we will pay artists even for free downloads. The Megakey business model has been tested with over a million users and it works."
That sounds like giving the artists a cut of the advertising money (?) which does sound good. That said Dotcom and friends seem to have made a lot of money out of distributing other people's material, so not sure if the feckers could be trusted. But competition in the area could only be good for artists.