Music-sharing website WaTunes.com is scrapping the charge it imposes on unsigned artists and independent record labels that use the service to distribute their music to online record stores, such as Apple's iTunes and Napster.
Previously, users were able to upload their tracks to the service via FTP. They then had to select a digital record store to sell the music through. The store set the price of the track and gave 90 percent of any sales to the user, while WaTunes took the remaining 10 percent.
However, now the music service has announced users will receive all of the revenue generated from sales of their audio tracks.
"By becoming the very first company to embrace the absolute digital distribution model, we have eliminated the fee structured aggregation model that enables musicians pay in order to get their music available to their fans. This model enables our customers to distribute music while getting the full benefits of earning all the royalties and maximising exposure." says Kevin Rivers, founder and CEO of WaTunes.
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