MI2N
Music Industry News Network
FRIDAY, MAY 29TH
Advanced Search
MusicDish Advertising Network
Subscribe to Mi2N's Free Newsletters B2N (business) i2N (indie)
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Web Events (more headlines) 07-19-2014

NASTRAQ -- The New Platform For Monetizing Entertainment

Bookmark and Share

Kamil Grzych, Founder and President of NASTRAQ, the music and video stock market announced today that NASTRAQ was just funded taking NASTRAQ from its beta release to production.

Though Grzych didn't disclose the exact amount raised due to confidentiality restrictions, Joseph Griffith of Interscope Records said that his estimation is well over two million ($2M) dollars. The estimate is based on new patents filed, proprietary application development, significant technical talent acquired, and international and national marketing campaigns that have been launched. NASTRAQ has also expanded their service to over one hundred (100) countries.

Sam Senev, Chairman of Global Private Funding, Inc. who represents the investors said that the strategy to allow music labels and unsigned artists alike to sell their music without any upfront costs competes with iTunes and Google Play just on price point. Unlike iTunes and Google Play, the artists get paid right away on NASTRAQ and the highest price track is much higher. The fact that fans can access music starting for free and the popularity would drive the pricing is a phenomenal model that drives traffic, rewards the fans and sells more tracks. Unlike YouTube where it's just about views, NASTRAQ is about demand. "We look for opportunities that are disruptive and there's nothing more disruptive than NASTRAQ for the entertainment industry," said Senev.

Kevin Amerson, head of development reporting to the COO of Evite.com said, "The key is to be there when an idea is about to explode. As the person who approves all technology integration at Evite, I would rather have a voice in the direction than be just a cheerleader. I was asked to be the Chief Technology Officer of NASTRAQ so that the technology can be validated. NASTRAQ is the true platform of the future."

"NASTRAQ model is very simple. You post your music and videos and get paid instantly as fans pay to download your content. The more popular your content, the more the fans will pay. As your content popularity drops, so does the price which attracts more down loads and dives the price back up. It's the true principles of economics; demand driving price. Artists who have representation can distribute their music and videos through NASTRAQ and as easily and readily can those who are looking to be discovered. We have several record labels who are uploading their entire artist database and all their songs. Digital rights management, distribution, demand based pricing, price based demand and a label all in one; NASTRAQ," said Grzych.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

New Island Entertainment Presents Second Hand Rose @ New York's Santos Party House

Award Winning AC / Pop Artist Jimmy White Secures Track In Canadian Independent Movie

Canadian WCMA Nominated DJ Soulier Performs At Beijing's Award-Winning DDC

Dyne Side Is Officially The First Winner Of The Muzicol Revolution

Heavy Russia: Young Metal Act "Gravity Rain" Announce Crowdfunder For "Artifacts Of Balance"

Are You A Professional Musician Or Talented Composer? Help Xhail Find You

Vocalist/Songwriter Halie Loren Explores Transformation And Self-Realization On Soulful Release, Butterfly Blue - Available June 9 Via Justin Time Records

Eurovision Contestant Tamar Kaprelian Releases New Single "Yours To Keep" On EP Through Killer Tracks' Artists Series



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» MMF Canada Announce New Travel Bursary For Ontario Managers
» Rocktron Introduces New Hush Product
» BLACHAWK RECORDS TO RELEASE NEW COMPILATION CD “THE MOVEMENT” THIS SUMMER!
» Barefoot Launches "Masters Of The Craft" Video Series
» Rdio Launches "Rdio Select"
» ASCAP Appoints Clara Kim As EVP And General Counsel
» Are You A Professional Musician Or Talented Composer? Help Xhail Find You
» Canadian WCMA Nominated DJ Soulier Performs At Beijing's Award-Winning DDC
» POPULAR CCM GROUP THE KATINAS RELEASES NEW SINGLE
» NY Artist JES Debuts ThingLink Interactive Video With ITunes Store Inside Facebook Timeline


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» MusicDish*China Tours, Signing, NYCxDesign And Planetrox
» Award-Nominated DJ Soulier Performs At Beijing's Award-Winning DDC
» Second Hand Rose "Crossing Boundaries" World Tour
» CMW Live Touring Summit: Interview With Elliott Lefko
» Online Chinese Music Video Platform Yinyuetai Raises $35 Million In Funding
» Founder Of Beijing Oi! Punk And MiSanDao Front Man Passes Away
» The New Wave Of Chinese Contemporary Art: Identity, Irreverence And Forward-Looking
» Tommy Hilfiger New Store Opening In Beijing, China
» Stones Fans Rejoice - 2015 Tour Dates Announced
» INTRO Electronic Music Festival: Interview With DJ Weng Weng
» VUE Audiotechnik Establishes VUE China
» March 28, 2015: A Black Day For Yaogun (Chinese Rock)

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2015 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.