CAMBRIDGE, MA (Hypebot) –
Dynamic priced download leader Amie Street has raised an additional $3.9 million in operating funds according to an SEC filing. The new investment round was led by Deep Fork Capital according to paidContent. Amazon led the original round of investment in the company almost two years ago.
Amie Street sells downloads using dynamic pricing which encourages early music discovery. As a song becomes more popular, the price rises. But the company has thus far only attracted the catalog of one major label, Sony, and their tracks are sold using fairly rigid tiered pricing rather than the true fan driven model.
But if the major labels continue to restrict Amie Street’s pricing, or worse avoid licensing to them altogether, it’s hard to see how the dynamic pricing concept could reach its potential.