Posted by Mike McCready | January 9th, 2015 | No responses
We are very excited about some new site features which will launch on Thursday of next week (January 15th) but we won’t spoil the surprise for you here. Just be sure to log in next week to see and experience them!
But we don’t think it would be fair to surprise you with a price hike. So, as much as we hate to do it, we’re increasing the $4 Transaction fee on Music Xray to $5 effective on January 15th.
We know this isn’t going to be popular. Music Xray has maintained the $4 transaction fee for over three years. In the meantime, a lot of our costs have increased. You’ve probably noticed a lot more top tier accounts on Music Xray and a lot more sophistication on the site itself. This has required Music Xray to make investments and to incur costs.
Before taking the decision to increase this transaction fee, we’ve thought long and hard and we’ve made other decisions in the past year to delay this increase for as long as possible.
We hope you will continue to work with us and to trust that we would not make a decision like this frivolously.
We are a company that runs very lean and we take very seriously our jobs of creating a better way for you to reach the decision makers of the industry. Even with this price increase, Music Xray will remain far-and-away the best and least costly way of getting your music to the ears of the industry.
Mike McCready is an entrepreneur at the crossroads of music and technology. He pioneered the introduction of Hit Song Science into the music industry and followed up with Music Xray, the company he co-founded and serves as CEO. His companies have been the subject of case studies at Harvard Business School, IESE and he frequently guest speaks at many of the top business schools around the world. He helps the music industry identify high potential songs and talent and helps musicians get deals, get fans, & get better: http://musicxray.com