MI2N
Music Industry News Network
FRIDAY, AUGUST 22ND
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 01-13-2004

Smithsonian Folkways Turns To Peppercoin For Micropayments

Bookmark and Share
Website: http://www.peppercoin.com
Smithsonian Folkways Chooses Peppercoin for Online Music Payments

Collection of 33,000 American Folk and World Songs Available for Purchase for 99 Cents

WALTHAM, Mass. ­ January 12, 2004 ­ Peppercoin, a micropayments company that enables profitable new business models for low-priced digital content and physical goods, today announced that Smithsonian Folkways Recordings has selected the Peppercoin Payment System to power its online music initiative. Smithsonian will make its entire collection of 33,000 American folk and world songs from artists such as Woody Guthrie, Lead Belly, Brownie McGhee, Pete Seeger and Ella Jenkins available online to consumers for 99 cents.

“For more than a decade, Smithsonian Folkways has offered a unique song library that celebrates the heritage of our nation and the world. Peppercoin’s technology reduces our cost of doing business and provides the best way to make our historic collection available to consumers on a track-by-track basis,” said Richard Burgess, director of marketing for Smithsonian Folkways. “We can reach out to a broader audience, connecting them to a rich heritage of recorded sound.”

Peppercoin’s micropayment system is the first that allows merchants to offer new content profitably with a consumer-friendly, pay-as-you-go approach that eliminates prepayments. In CY2002, Smithsonian Folkways grew 36 percent selling 300,000 units and generating more than $4 million in sales. Smithsonian Folkways began digitizing its music library, which spans more than 50 years, in January and will launch the new service on April 1, 2004. The non-profit record label also plans to offer music online from Africa, India and other world regions by the end of 2004.

“Peppercoin is enabling a dramatic change in the way music reaches consumers,” said Robert Kiburz, president and CEO of Peppercoin. “Music lovers will be able to access Smithsonian Folkways online to purchase rare and hard to find tracks as readily as they would top ten hits.”

Peppercoin integrates easily with transaction systems and complements existing business models to accelerate merchant revenues and increase profits while reducing transaction costs dramatically. Peppercoin’s service makes it easy for consumers to buy only the content they want, when they want it, while dramatically reducing merchant transaction fees.

The consumer demand for low-cost content is significant. A recent survey conducted by Ipsos-Insight found that more than four million Americans have purchased digital content for less than $2 in the past year. Additionally, a projected 30 million Americans are at least somewhat likely to purchase content online for less than $2 in the next twelve months. One of the main factors needed to drive that growth is the rise in pay-as-you-go purchasing like Peppercoin is providing for Smithsonian.

About Smithsonian Folkways Recordings
Smithsonian Folkways Recordings is the non-profit record label of the Smithsonian Institution, the national museum of the United States. A division of the Center for Folklife and Cultural Heritage, Smithsonian Folkways Recordings supports traditional artists and their music, cultural diversity, education, and increased understanding among people. “Connecting People Through Music.” www.folkways.si.edu.















About Peppercoin, Inc.

Peppercoin is a micropayments company that enables profitable new business models for low-priced digital content and physical goods. Only Peppercoin helps merchants build market adoption quickly through a consumer-friendly, pay-as-you-go approach that eliminates prepayments. Peppercoin integrates easily with existing business models and systems to accelerate revenues and increase profits while dramatically lowering transaction costs. For more information visit www.peppercoin.com.

# # #
All trademarks are the property of their respective owners.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Provocative Beijing Rockers Second Hand Rose To Play NYC, DC, Philly, Boston

NC Handcrafted Ukulele To Be Raffled For LEAF

IES - Indie Entertainment Summit Wraps Up Third Consecutive Successful Edition In L.A. To A Global Audience As The Greatest Event For Indie Artists, Producers & Labels

ROCK AND ROLL REVIVAL!

IAMA Winner Meghan Trainor Hits #1 On Billboard Charts

Rachael Sage Announces The Upcoming Release Of "Blue Roses", Her New Studio Album Out On November 4, 2014

New York Rapper LC The General Has A Lot To Say

FM Pilots Skyrockets To Top Of MusicDish*China Indie Song Chart



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Stakeholders Across The Music Industry Talking About A Global Release Day
» SSL Live Joins The 2014 World Of Music, Arts And Dance (WOMAD) Festival
» Sony Music Entertainment Launches 'Album Of The Day' App For IPhone And IPod Touch
» Vadio Introduces First Platform That Makes Music Videos Available Through Online Music Streaming And Traditional Radio Services
» Cynthia Basinet's Latest Single, "Eventually" On Pandora
» Universal Music Publishing Group Appoints Rebekah Alperin Senior Vice President Marketing And Communications
» Jam Track Central Announce New Website
» IAMA Winner Meghan Trainor Hits #1 On Billboard Charts
» HOLMESWOOD ISSUES HIS HOT DANCE DEBUT SINGLE RELEASE ‘BACK TO THE BEACH’
» ROCK AND ROLL REVIVAL!


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» BROBST Electro-Rock Leads MusicDish*China Top 5 Indie Song Chart
» Love And Peace 2014 Outdoor Camping Music Festival
» MusicDish*China Top 5 Indie Song Chart (Vol. 1, No. 4)
» The Courtesans Drives MusicDish*China Top 5 Indie Song Chart
» FM Pilots Skyrockets To Top Of MusicDish*China Indie Song Chart
» MusicDish*China Top 5 Indie Song Chart 07/19-07/25/2014
» Zebra Music Festival (Shanghai) Ticket Giveaway Winners
» MusicDish*China Top 5 Indie Song Chart 07/12-07/18/2014
» Temple Bar 3 Year Anniversary
» Zebra Music Festival (Shanghai) Announces Headlining Acts (Chinese Version)
» Raising Our Voices For Fennie: Benefit Concert Zajia Lab, July 13
» Raising Our Voices For Fennie: Benefit Concert Zajia Lab, July 13 (Chinese Version)

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2014 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.