nimbit artists receive 100% profit from iTunes sales
Framingham, MA – September 14, 2006
nimbit has joined forces with online giant iTunes to provide an unprecedented opportunity for musicians and indie labels. When an artist sells mp3s with nimbit, those same tracks can also appear on iTunes. Presently artists can use nimbit to sell music directly from their own websites and on other independent retail sites such as CDFreedom.com. In a bold move, nimbit will pass along 100% of the iTunes profit directly to the artists and labels it serves.
Patrick Faucher, nimbit’s CEO, explains, “Our strategy is simple: Help artists make a better living by giving them a superior marketing and distribution platform while allowing them to keep as much money as possible. No other solution lets the artist keep as much revenue. Adding iTunes to nimbit’s portfolio of retail partners facilitates even greater success for our users.”
About nimbit
nimbit offers a complete artist online management solution for music professionals. From a nimbit account, artists can efficiently sell cds, mp3s, and merch, manage their mailing lists, maintain show calendars, make updates to websites, and handle a variety of marketing and promotion activities. In addition, nimbit offers superior CD replication, merch and graphic design, and an ever-growing knowledge base of industry information and resources. Current nimbit clients include, Aerosmith, the Estate of Charles Mingus, Ryan Montbleau Band, Heavy Rotation Records, Bose, Kate Taylor, Glen Phillips, and many others. To learn how nimbit powers the success of thousand of artists, visit nimbit.com or call 866-8NIMBIT (866-864-6248).
About iTunes
With over 800,000 artists for sale, iTunes is the leading destination for online music around the world. The International Federation of the Phonographic Industry (IFPI) reports that internet and mobile phone music sales generated $1.1 billion in revenue during 2005, up from just $380 million a year before. As the music-buying public further embraces this trend, musicians are looking for advantageous opportunities to sell their music online.
