Seattle – Amazon.com (NASD: AMZN) has acquired Amie Street, the operator
of a digital music store that featured dynamic pricing, based on relative
demand for a particular song.
Financial terms of the transaction were not
Amazon plans to shutter the Amie Street service on Sept. 22, and has
encouraged subscribers with outstanding credits on the service to spend their
The company will also provide existing Amie Street customers with
a $5 discount on new purchases, through Dec. 1.
Amazon was an early investor in
Amie Street, which most recently raised $3.9 million last October, in a round
led by Deep Fork Capital.
PaidContent reports that the Amie Street team will
now focus on further developing its Songza social music streaming service,
which is currently in beta.
(DMW previous coverage)