Next-generation P2P Music Network Launched: Bitmunk

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New Secure File Distribution Network revolutionizes music distribution process - gives artists, distributors and fans many new opportunities to collaborate.

You can then use the money you earn selling songs to purchase new songs that interest you. We have created a very symbiotic relationship between the labels, artists, distributors and fans - one where everyone has an incentive to participate.

Digital Bazaar, a groundbreaking digital file distribution company, announced today that they have launched their Bitmunk music network to the world. Their innovative file distribution technology ensures that artists can distribute their work via a peer-to-peer based network while ensuring the proper royalties are paid to them.

"Bitmunk is best of breed technology and is the most fair system to the labels, artists, distributors and fans," said Manu Sporny, CEO of Digital Bazaar. The network allows artists and labels complete control over their content on the network. Copyright owners are allowed to manage royalties, descriptions, licensing options, allowable distribution countries, and many other facets of their creation.

"One of the many great features of Bitmunk is that once you buy a song from the network, you may then re-sell that song to anybody else on the network for a small profit," added Michael Johnson, COO of Digital Bazaar, "You can then use the money you earn selling songs to purchase new songs that interest you. We have created a very symbiotic relationship between the labels, artists, distributors and fans - one where everyone has an incentive to participate."

Digital Bazaar expects single song prices to hover between 50 to 95 cents for single songs and $6 to $9 for complete albums. All digital music on the network is in high-quality MP3 format and is thus compatible with all major MP3 music players, including the Apple iPod, Creative Zen Touch, iRiver, and Rio portables.

There is no registration or listing fee for content creators. "It is a free service for labels and artists. If you want to sell your music on your terms, this service is for you." added Sporny. Artists can capture as much as 84% of the sale price of each song, "We're incredibly pro-artist while staying very pro-fan as well" said Johnson.

An introduction to Bitmunk available at:

http://www.bitmunk.com/introduction.html

Available albums for sale can be browsed at:

http://www.bitmunk.com/browse_albums.html

About Digital Bazaar, Inc.

Digital Bazaar's innovative file distribution technology ensures that artists can distribute their work while ensuring the proper royalties are paid to them. Fans enjoy the full rights afforded by owning the song, including the ability to burn the MP3 file to CD, placing it on any MP3-capable device and even the ability to re-sell the song via Bitmunk. Founded in 2003 by Virginia Tech Computer Science graduates Manu Sporny, David Longley, and Mike Johnson, Digital Bazaar strives to be the market leader for the sale of digital files online. Digital Bazaar is headquartered in Blacksburg, Virginia in the Virginia Tech Corporate Research Center.

CONTACT INFORMATION:

Michael Johnson

Digital Bazaar, Inc.

540-961-4469

http://www.bitmunk.com/

Bitmunk is a trademark of Digital Bazaar Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

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Mike Johnson
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