The new music site, Playble.com will be a monthly subscription service but with a twist. The individual user sets what they want to pay, not the record labels or the site's administrators.
Co-founder Peter Sunde, says that "the artist will receive a portion of the user's fee every time his song is downloaded."
The site will be set up with the the Swedish glam-rock band, Lamont, which has been a vocal opponent of the current structure of the record industry.
"After lengthy discussions about the future of the record industry and its implications for the many talented artists and songwriters around the world, we discovered that we held the same vision," the group said in a statement on its website.
Sunde also noted that record executives do not like the new idea. Sunde claims that that one record boss accused The Pirate Bay of "perpetrating a disturbingly Viking-like act" on the executive's livelihood.
Source:
TheLocal