Cambridge, Mass. – ReDigi, the Cambridge-based operator of an online marketplace for used digital music, has raised $760,000 in venture capital, the company disclosed in a new filing with the Securities and Exchange Commission.
The free, cloud-based service allows users to store, stream, and/or sell legally purchased digital music, leveraging the first sale doctrine in the digital realm (and displeasing the recorded music industry in the process). Additionally, artists that participate in the company’s Artist Syndication Program get paid every time a user buys or sells one of their songs.
ReDigi’s technology facilitates the transfer of a digital music files from one user to another in a manner that the company says does not involve copying or file sharing. It handles only tracks originally sold on iTunes, which helps it authenticate the legal provenance of the song, and also because unlike other digital music retailers, Apple’s user agreements do not prohibit resales.
Part of this article was also published in New England Tech Wire. Chris Marlowe contributed to this version.
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Michael J on 04 Sep 10Today on episode 79, The Great Unknowns Presents is interviewing one of the most respected and most recognized names in professional music. Introducing, Lea Reis. She is not only a music producer and musical engineer, she is also a very talented singer and songwriter. Lea makes a special trip to the studio to talk about her new EP and about some of the famous artists she's worked with. As a special treat, we get a special glimpse of her new album, "In my World". Lea Res is an ol'skool R&B and soul artist that brings back that sound that is familiar to artists like Brandy, TLC, Monica, and somewhat compares to other artists like Keyshia Cole and Ashanti Listen to a 30-minute audio interview with Lea Reis and a special 4-track music feature from Lea Reis's brand new EP entitled "In my World". Listen to the full interview with Lea Reis here: http://thegreatunknowns.podomatic.com Read a mini-bio of Lea Reis on Great Unknowns Music Exposé http://greatunknownsmusicexpose.blogspot.com/2010/09/lea-reis-bringing-back-little-soul.html
