GoodNoise Corp. GoodNoise sees Internet music taking off with the release of the Rio. It opens up a whole new channel for independent labels. For artists, a leaner, meaner way of getting music to the user means more profits. GoodNoise offers its artists 50 percent of the profit, compared to the 10 to 15 percent usually offered by the majors. In addition, the music middlemen all disappear.
Price is familiar with the horror of trying to get an independent CD into stores.
And don't even bring up shelf space. Able to pare down two to three levels of middlemen results in increased profits. Furthermore, MP3 format rival Liquid Audio Inc. believes that the Internet can only help the music industry as a whole. Stores on the Internet can sell more music at a lower price and still reap higher profits. It is another way to help their brick and mortar business.