Wired reports:
A new website that aims to transform music-industry economics is set to go live Thursday, giving musicians a major cut of the proceeds while largely freezing out record labels and other intermediaries.
La la, which allows fans to trade music discs for just $1 plus shipping, pledges to give a fifth of its sales to all the musicians, including lesser-known session studio players, involved in the making of CDs exchanged on its site.
La la argues that it is offering a vibrant new way for consumers to discover new music and that, if successful, it will encourage robust sales of new music, unlike the culture of pirated CDs and downloading that followed in Napster's wake.
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