Tom Anderson sent out a message to all MySpace artists tonight to let them know that the much-ballyhooed Snocap service is now available to everyone, effectively giving all musicians an outlet to sell their music through the gigantic social networking site. If you haven’t heard of Snocap, it’s the brainchild of Shawn Fanning (the founder of Napster) that bills itself as the “first end to end provider of digital licensing and copyright management services for the digital music marketplace”.
Translation: artists can now easily sell their music on MySpace.
A few specifics that aren’t covered in Tom’s psuedo-press release:
- There is an annual network fee of $30 per year for unsigned bands, but it’s waived for the first year. This option is only available to artists who sell up to 1,000 tracks; at that point, you’ll have to move up to the “indie label/aggregator” package, which will allow you to sell up to 100,000 tracks and will cost you $100 per year (also waived the first year). It’s unclear whether this number refers to 1,000 individual sales or 1,000 tracks; the former would probably be surpassed by a good indie band in a matter of months, whereas 1,000 tracks would probably take even the most prolific of major label acts a very, very long time to attain.
- Snocap charges a minimum of 45 cents per track; you’re allowed to set the price, so long as it remains above that 45 cent minimum. They also take the greater number of .10 or 15% of your wholesale price as a per-track transaction fee. Again, this only applies to independent bands, as anyone at a higher level will have to work out a customized deal with the service.
- Anyone wishing to sign up for Snocap must first provide a credit card number.
Full text of Anderson’s message is after the jump.
Hey MySpace artists,
Music has always been at the heart of the MySpace community. As an artist, you have a place to connect directly with music lovers and build a fan base. Now, through our partnership with SNOCAP, you can sell digital downloads right on your MySpace page. This is something we’ve wanted to bring to you for a long time, and now it’s here!
It’s really simple. Just click the “Create Your MySpace Music Store” link on your Home page to register with SNOCAP (or click here), upload your music, and set your price. Your store will be automatically created on your MySpace profile right underneath the MySpace player, and a new “Manage Music Store” link will appear on your home page which lets you edit your songs or change the price. Once you’ve created your store your fans will be able to purchase your tracks right off your profile and even post your store on their own profiles, and you’ll get paid on a monthly basis. Click The Format
to check it out.
You don’t need to wait to have a CD’s worth of music to sell. Record something tonight and make it available immediately. Or upload a few tracks from the soundboard recording of your last show. A MySpace/SNOCAP MyStore puts the power of distribution in your hands. And best of all, it doesn’t limit any of your choices. You can still stream up to 4 tracks for free from the MySpace player on your page. You keep all the rights to your music. And this isn’t exclusive – you can put a MySpace/SNOCAP MyStore on your MySpace page and paste the store anywhere else on the web you use for promotion; plus you can also sell through an aggregator or any other digital retailer you have access to.
You already use MySpace to market & promote – now you can sell your songs!