Here's an interesting new twist to the whole internet downloading debate. A gentleman named Marc Cohen is going to launch a new web service in November called 33 Cent MP3s. And as that name suggests, those of you who have grown sick of paying the whopping buck or two for a digital copy of some original work will now get the cheaper aftermarket version thanks to Cohen's ingenious plan, which entails selling cover songs for only 33 cents a pop.
Of course, Cohen will follow all copyright laws and issue statutory royalties to copyright holders, though he has not yet commented on plans to honour performance royalties.
His belief is that this means will "completely cut out the record labels and makes pricing music much more flexible," as noted in his blog [via The Daily Swarm].
"The catalog will be small at first focusing on the Billboard Hot 100," Cohen continues. "The store will carry sound-alike and interpretive covers... Some people will just want to pay less for the music they like and some people will enjoy exploring different covers of music they like - that is the market I am aiming for."
This is his "effort to make music less expensive." 'Cause, you know, music isn't devalued enough already, right?
While us here at Exclaim! can see both sides of this issue, it will be interesting to hear the cheap-asses justify paying even less for music while original artists become more irate about potentially losing even more cash flow.
Sure, the cover royalty will be paid but we'll bet dollars to doughnuts they - or the RIAA - find a way to take this to court over money lost because of people downloading covers as opposed to the initial work. So let the arguments begin.
And just for the record, not all cover songs are worth even 33 cents: