Echo Republic Announces "Music Stock Market"
Echo Republic, the worlds first joint music stock market and sales company, opened to the public on June 20th. Part music sharing, part e-commerce, Echo Republic strives to return the power of the music industry to its two most important members: the artists and their fans. “We’re not a company. We’re a movement.” says founder Patrick McConlogue of the California start-up.
A movement that will quickly attract attention for its legal music downloads at a price point even the most penny-pinching college student can handle: 10 cents a song. What’s more, Echo Republic’s firm belief that purchased music belongs to the buyer means every download is iPod™ compatible and accessible through the company’s cloud based music library, Echo Encore.