Business Services Industry
LimeWire Distributes KUFALA Music as Weedshare Files
Business Wire, May 9, 2005
NEW YORK -- Peer to peer file sharing leader Lime Wire and independent label KUFALA Recordings will partner up to distribute KUFALA music via the LimeWire network and the LimeWire-owned MagnetMix site (www.magnetmix.com). For the first time, famed artists in the jam band circuit including Soul Coughing (under exclusive license from Warner Bros. Records), The Slip, and New Riders of the Purple Sage can be downloaded and shared using LimeWire software and Shared Media Licensing's Weed file format.
Weed files offer users an opportunity to download a song and listen to it up to three times free of charge before deciding to buy. Weed files typically cost between $.50 and $1.25 per track. In addition to compensating the artist, the Weed revenue model also pays those who share Weed files -- anywhere from 5% to 20% of the price of the song. Lime Wire's 20 million users can download and share KUFALA Recordings music and thousands of other Weed files freely with LimeWire software.
"This is how things should work," said Lime Wire COO Greg Bildson. "It is a new way for record companies and artists to market themselves as opposed to traditional radio promotion. Artists connect to an audience of literally millions -- what record store or radio station can do that?"
Beginning with a small catalog of KUFALA Recordings, Lime Wire will soon host a growing 3,000-song catalog including rare live concerts and the label catalogs from Hyena, Sonic Boom, Fundamental, and Six Shooter Records. An upcoming version of LimeWire software will include Weedshare-specific search capabilities. LimeWire 4.8 is now available for free download at www.limewire.com.
For more information on Lime Wire or to download software, please visit the Lime Wire website at www.limewire.com. More information on Weed technology can be found at www.weedshare.com. Check out KUFALA Recordings' full catalog at www.kufala.com.
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