Zedge Inc. (NYSE:ZDGE) is one of the best long term penny stocks with huge upside potential. On October 6, Zedge launched Tapedeck, which is a new music app and service. The company designed Tapedeck to offer musicians greater control over their work and fairer compensation. The initiative extends Zedge’s successful creator-first model, which began with the Zedge Premium marketplace in 2017 and has since paid out millions of dollars annually to creators globally.
Tapedeck is the concept of Tim Quirk, Zedge’s SVP of Product and a veteran of the music industry. Quirk has a history of involvement in the digital music landscape, including being the lead singer of Too Much Joy, launching Rhapsody in 2001, contributing to the development of Google Play in 2011, and founding Freeform Development, which is a startup that Zedge later acquired.
Quirk noted that fair artist compensation was once the norm, citing Rhapsody’s initial standard of a penny per play and FreeForm’s success in proving superfans would pay extra to support artists.
Zedge Inc. (NYSE:ZDGE) builds digital marketplaces and competitive games around content that people use to express themselves.
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Disclosure: None. This article is originally published at Insider Monkey.
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‘ Some details of this article were extracted from the following source finance.yahoo.com ’
