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Music Industry
Sales Slump as Artists Look for New Web Distribution |
6/24/04
The music industry
is playing catch-up for a platform of legal downloads from
the Internet. There is wide spread confusion in the industry
today as many solo artists and record labels cash in on the
value of the web. The Internet and web-technology are
jointly recognized as the way forward however reluctance to
embrace new digital mediums at an early stage has lead to a
difficult starting point. Much of the industry has found, to
their embarrassment, that they are struggling with a
suitable online strategy and continued reduction in sales.
(PRWEB) -- The music industry is playing catch-up for a
platform of legal downloads from the Internet. There is wide
spread confusion in the industry today as many solo artists
and record labels cash in on the value of the web. The
Internet and web-technology are jointly recognized as the
way forward however reluctance to embrace new digital
mediums at an early stage has lead to a difficult starting
point. Much of the industry has found, to their
embarrassment, that they are struggling with a suitable
online strategy and continued reduction in sales.
Today one of the Web's leading ring-tone distributors,
Symbios Group, announced that they are in the final stages
of development for a new worldwide ring-tone and MP3 sales
platform, due for launch by mid July.
Aimed predominately at the independent and emerging music
markets, STAYAROUND.COM will provide a universal sales
platform. Artists will have the ability to sell their music
in a wide range of formats; including MP3, polyphonic and
real-tones.
Symbios Group will actively promote the venture through its
portfolio of sites, three-hundred of which currently enjoy
around 80 million visits per year. STAYAROUND.COM has
announced that they are also in talks with a number of
satellite TV channels and is developing an online radio
station for its content.
A number of differences set STAYAROUND.COM apart from the
other online legal distribution channels; primarily the
ability to reach a world-wide audience, legally, with
unsigned music and independent labels, in addition to
offering un-heard of content and ring-tones. This will
initiate an expansion of all forms of alternative music and
support smaller players within the music industry.
By using the STAYAROUND.COM platform, Internet traffic and
billing expertise from Symbios Group, every registered
end-user can financially benefit. Access will be provided to
central recourses and marketing tools including biographies,
gig guides and a new chart.
The result will be a wider choice of independent and niche
music along with the ability to download unlimited amounts
of ring-tones on a weekly basis for a fixed price.
Martin Montague, one of the founders of STAYAROUND.COM
states 'The global market for music and ring-tones is
enormous. We have seen a considerable increase in the number
of people looking for alternative music over the past few
years. Unlike other leading brands we are focused on the
niche market for distribution rather than the major record
companies that dominate our charts. If you take the
independent scene, small bands and the music that they
produce, the picture is much bigger than we think. The world
is a large place and it would be wrong to think that a few
brands have control. We have seen efforts by the music
industry to make inroads onto the Internet. We are doing it
the other way around; from the internet outwards, which in
effect is a reverse takeover into the music industry!'
STAYAROUND.COM wants to hear from every band, independent
music producer and artist looking for alternative
distribution channels.
Companies wishing to work with Stayaround.com should contact
Gavin White +44(0)1489889821
For further information about Symbios Group contact Martin
Montague: +44(0)1489889822
For Press information contact Gavin White @ Symbios Group:
+44(0)1489889821
FOR MORE INFORMATION ON SYMBIOS GROUP:
www.symbiosgroup.co.uk
FOR MORE INFORMATION ON STAYAROUND.COM: www.stayaround.com
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