MI2N
Music Industry News Network
TUESDAY, JULY 26TH
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

Canadian Artist Hennie Bekker Brings Benefits Of Music Therapy In Latest New Age Album

"Wanna Be Happy?" enjoys Top Spot For 45 Weeks

Grammy Nominated Producer, George Nash Jr., Launches New Music Company To Support Peace And Healing

Return Of The R&B Soul Bands!

Heavy #16 In Hong Kong 4 August 2016

Call-For-Songs For Chinese Valentine's Day (Qixi Festival)

Robert Kramer Releases "The Place They Call New Orleans"



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» FINANCE COMPANY ROOTED IN THE MUSIC INDUSTRY PAVING THE WAY WITH THE RETURN OF “BOWIE BONDS”
» PMC Speakers Launches The Hear More Tour
» Garage Rock Lives With Bongo Boy Records Out Of The Garage Volume Two
» Kangol Expands Content Offering With Video Series And Downloadable Mixtapes On Radio Kangol
» Broadcasters Support Anticipated Government Conclusions In Antitrust Review Of ASCAP And BMI Consent Decrees
» ILS Group Appoints Experienced Music Executive Eric Alper As Director Of Media Relations
» U.S. Justice Department Shuts Shut Down Kickass Torrents, Arrests Principal Operator
» 7th Annual Future Music Forum & Sync Summit: Finding The Next Music Industry
» Canadian Artist Hennie Bekker Brings Benefits Of Music Therapy In Latest New Age Album
» YB16 – Yamaha Band Competition 2016


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

Articles
MUSICDISH E-JOURNAL
» 7th Annual Future Music Forum & Sync Summit: Finding The Next Music Industry
» GUIGUISUISUI Release 'Wu Xing' EP
» Viacom TV Launches New Artist Discovery Platform
» Heavy #16 In Hong Kong 4 August 2016 - Hard Rock & Metal Goodness
» Millennials Turn From Radio To Embrace Streaming
» The Underground Summer Festival In Hong Kong
» Research Finds Audible Differences With High-Resolution Audio
» Morbid Goats Farewell Tour And Digital Album Release
» Alisa Apps Files Lawsuit Against Universal Music Group And John Newman
» MusicDish*China Music Releases, Charts, MV Premiere And Radio Feature
» Andreas Carlsson Becomes Advisor And Investor In Soundtrap
» Adva Mobile Fan Engagement Score (ES)

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.