People’s Music Store: Powered By Fans

peoples_music.jpgPeople’s Music Store, a digital download company based in the UK, has just signed an agreement with Universal to license 300,000 more tracks of music.  The idea behind the company is that users (actual music fans) promote the songs/albums they like in the their own personal and customizable store and then they get a commission (10%) which they can use to buy tracks from the site.  So far there have been around 1,000 stores created, including ones made through record labels.  While this seems like somewhat of a fresh idea having fans market music, it’s unclear whether there is enough incentive for music fans (who in this business model seem to be doing most of the work) to promote these artists.  More on the store here.