Blisstunes

[February 17, 2011]

BOSTON --(Business Wire)--

This summer, music lovers everywhere will finally be able to do the
impossible: legally sell their digital music files and buy other
people's used music at a fraction of the price. A group of MIT (News - Alert) and
Cambridge-based geniuses has solved the most pressing problem of the
digital music age and will soon extend invitations to experience the
limited early release of ReDigi™, the world's first online marketplace
to legally recycle, buy and sell, used digital music files.

The ReDigi™ Marketplace is based on the structure of a used record store
where music lovers traded in their old records and CDs, flipped through
the bins in search of that amazing album traded in by someone else. They
would build up and fill in their collections with great finds at great
prices. Then came the digital music revolution where CDs and vinyl
records gave way to MP3s, inhibiting users from being able to resell
their music.

Now, with the ReDigi™ Marketplace, owners can once again manage their
music libraries by selling their unwanted digital music, or purchasing
the music they do want, at drastically discounted prices.

"The typical listener regularly uses only about 20 percent of the music
in their libraries. The balance represents a lot of money and disk space
being tied up on their computers and mobile devices," said John
Ossenmacher, ReDigi's CEO. "With the legal issues involved in the
selling and sharing of digital music, people have been stuck with their
unwanted tunes, or forced to delete them in order to free space. ReDigi
s the answer to that problem - ReDigi™ provides the digital marketplace
to resell unwanted music and acquire desired music, in perfect
condition."

Along with former MIT faculty and prolific technologist Larry Rudolph,
Ossenmacher leads the eclectic young team of technical experts, analysts
and musicians who have developed ReDigi's cutting-edge ability to
legally recycle digital files.

"Being a group of computer geeks when someone tells us something can't
be done, we immediately set a course to figure out how to do it," says
Rudolph. "There are many layers that go into ReDigi™ that make it work,
legal and technical being just a few. Our team figured out what could be
done to legally ensure that consumers regain the freedom to manage their
own personal music collections."

Along with giving users the power to recycle their digital music files,
the ReDigi™ Marketplace also aims to help strengthen the music industry
through the ReDigi Foundation program, which grants a share of proceeds
from all music sales to both artists and record labels each and every
time a track resells.

"ReDigi™ is about empowering music lovers," Ossenmacher explained. "In
an age where technology gives us so many new freedoms, ReDigi™ will give
users the freedom to fully take ownership of their music, and to provide
the artists and music industry another revenue stream so they can keep
producing the tunes we love so much."

Beginning today, ReDigi will be accepting requests to be part of its
exclusive preview group - to request an invitation before ReDigi's
summer launch, please visit www.redigi.com.

About ReDigi™:

Launching in summer 2011, ReDigi will forever change the way digital
music is bought and sold. As the world's first marketplace for recycled
digital media, ReDigi reinvigorates music collections by giving users
the ability to legally sell (recycle) the songs they're no longer
listening to and to acquire other users' recycled songs at dramatically
discounted price, all while supporting the music industry by granting a
portion of each sale to artists and record labels each and every time a
track resells. For more information, please visit www.redigi.com.
Follow us on Twitter @redigimusic and Facebook (News - Alert); press and business
inquiries should be made to Brendi Rawlin at brendi@thelimelightpr.com
or 619-546-7488. Musicians interested in ReDigi should contact media@redigi.com.

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Article source: http://www.tmcnet.com/usubmit/2011/02/17/5321462.htm