AmieStreet Reboots: Price Model Bucks Album Trend

CAMBRIDGE, MA (Hypebot) – Variable price download site AmieStreet launched a revamped website in beta today with a new look and a number of new features. The company is also in the midst of a round of Series B funding.

The makeover comes a year after a strategic investment by Amazon and during this time, the site has increased its catalog 10X to over 1million mp3's. In the last three months, AmieStreet says that its customer base has grown 18% month over month with each customer spending a robust average of $30 annually. The site's consumer driven pricing model also appears to reverse the industry-wide album purchase decline. In 2007, the ratio of all digital songs sold to digital albums sold was 17:1, according to the IFPI. AmieStreet.com boasts an album to song ratio of 1:1.

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