Pennywise Trying Free Business Model
Next March, fans of punk band Pennywise can go to stores to buy the group's ninth album. Or they can go to the MySpace profile of Textango, a mobile music distributor, and add it as a friend, which will allow them to download the entire album for free.
The promotion is the first test by MySpace of whether it can marry its enormous reach, fledgling record label it began two years ago and roster of advertiser relationships to create an alternative for bands to the current distribution model, which nearly all participants agree is faltering. - more on this story
Click here to read today's full report