MI2N
Music Industry News Network
FRIDAY, JULY 1ST
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

Killer Tracks Adds Nashville's Ian Bern To Its "Artist Series"

The 2016 IAMA (International Acoustic Music Awards) Kicks Off

The PondHawks Might Be The Next Breakout Band With Their New Album That Is Gaining Worldwide Radio Attention

Zaena Morisho Releases Smash Singles 'BS' & 'What Do U Want' In Anticipation Of The Highly Anticipated EP 'Zaena Now' To Be Release Worldwide July 29

Iconic Platinum-Selling Vocalist Anita Ward Returns To Celebrate Pride 2016 With Empowering Dance Anthem "Another Bad Mistake"

Double Impact DJ Chills The Summer With Their Hit Single "Looking For A Kiss"

Alicia G Hot New Video "Ca$h & Nap" Released Worldwide June 9, 2016



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» MEPs Call For A Level Playing Field On Copyright For Online Platforms
» Eleven Engineering, Inc. Updates & Re-Launches SKAA.com
» Alisa Apps Files Lawsuit Against Universal Music Group And John Newman
» The Infinite MC Releases New Video 'Never Hurt Me Soul'
» Pandora Delivers Transparency For Music Makers With Music Reports Agreement
» Matt Young Named EVP, Warner Music Artist Services
» Successful Seed Round For Soundcharts, The Essential Monitoring Platform For Music Professionals
» DPA Microphones, Lectrosonics, Sound Devices, And K-Tek To Host The Sound Summit Toronto
» Jefferson Thomas Releases Election-Themed Single, "Next One"
» Jon Mullane Joins The Campaign To Change Direction


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

Articles
MUSICDISH E-JOURNAL
» Morbid Goats Farewell Tour And Digital Album Release
» Alisa Apps Files Lawsuit Against Universal Music Group And John Newman
» MusicDish*China Music Releases, Charts, MV Premiere And Radio Feature
» Andreas Carlsson Becomes Advisor And Investor In Soundtrap
» Adva Mobile Fan Engagement Score (ES)
» MusicDish*China Presents Ji, Yui And Nagi Trio For A Night At The Museums
» South Korea's YG Entertainment Attracts Chinese Investment
» Cpop Goes Global With KKBOX And Twitter
» Syndney Singer Rainbow Chan Guest DJ On China's Kanjian FM
» Brownswood Launches Second "Future Bubblers" Music Discovery Program
» MusicDish Yaogun Adds Chinese Rock On Colectivo Bunka USB Vol. 6th Asia Music Compilation
» Kobalt Offers Creators Real-Time Earnings & Data Reporting

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 © 1997-2015 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.