Indistr is taking the Amie St approach to digital music's long tail. In an effort to create a true market where supply and demand meet in an ideal environment, Indistr's newest feature is hoping to provide the perfect price point for online music sales. The new feature lets the buyers name their own price for the content they sell through Indistr's site.
[img src="" caption="" credit="" alt=""]Taking a cue from Radiohead's successful venture of putting out the virtual tip jar, fans get to put out bids for how much an album should cost. The minimum bid is $1.00, and the bids cannot exceed $20.00. Once you enter your bid for the price you're willing to pay for an artist's album, Indistr will then tell you how much of that will go directly to the artist. So far, this new feature is only being applied to entire albums, and it's an opt-in feature available to artists that would like to make particular albums available for sale in this manner.