ReDigi
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Screenshot
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Type of site
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Pre-owned online digital media store |
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| Website | redigi |
| Commercial | Yes |
| Registration | Optional |
| Current status | Online |
ReDigi is an online marketplace for pre-owned digital products (ie: digital music, eBooks, games, apps, software) and the only cloud storage service that verifies whether each digital file uploaded for storage was legally acquired from an eligible source. ReDigi's Cloud and Marketplace only accept lawfully purchased digital media.
ReDigi does not buy pre-owned digital media from its users. Rather, ReDigi's system is set up in a way that allows users to buy and sell pre-owned digital content directly from one user to another.
ReDigi launched its public beta site in October 2011. It is the brainchild of entrepreneur John Ossenmacher, along with his daughter, who had the idea of creating an online "drop box" where people could donate their unwanted digital media. This was the first cloud computing application of its kind. Larry Rudolph, who at the time was working on a virtual phone project, agreed with the importance of giving a feeling of physicality to virtual objects.
Along with a team of top programmers, mathematicians, business professionals, and legal advisors, Ossenmacher and his team built ReDigi.
ReDigi filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court in August of 2016. ReDigi took this action in order to achieve a competitive cost and debt structure and assure its long-term viability and ability to continue delivering a world-class media experience for customers. The company has arranged multiple sources of funding to restructure its current debt and plans on successfully exiting its restructure in 2017.
ReDigi main services
ReDigi's technology is patented and has additional patents-pending. It was built by a team of business professionals and programmers including former MIT faculty and graduates. Key features of the ReDigi system include:
Creator Syndication The company launched "Creator Syndication" with its initial launch and has maintained steadfast in its commitment to artist, authors, and creators of all kinds. The company created a paradigm shift by providing a fan based compensation system where by creators receive a percentage of all sales/purchases for their works creating a new revenue stream for musicians, authors and creators. Creators have commented that they often receive greater compensation on a secondary sale versus an initial sale. Artist thoughts on secondary digital markets.
The Media Manager An application that allows users to access the full range of ReDigi's offerings including cloud storage and selling digital goods such as music, ebooks, games, apps and other digital media. The application helps users identify which of their media is legally eligible for cloud storage and resale and helps users organize and track media account activity including stored digital music, ebooks, games, apps and other digital media, pending sales, completed sales and purchases made on the Marketplace.
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