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Amazon Backs Music Download Startup

Amazon.com has invested in a New York-based digital music download site, AmieStreet.com, AmieStreet said this morning. Amount of the Series A investment was not disclosed. AmieStreet operates an online social networking focused, music download site where the price of music is based on how many people download a particular song. The firm was founded in spring of 2006 by seniors from Brown University. More information »


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