New York - Online music retailer AmieStreet.com announced on Wednesday the launch of a new site design, and said it is currently raising its Series B round of financing, "with strong participation from existing investors."

The redesign comes a year after the company announced a strategic investment from Amazon.com (NASD: AMZN), during which time it has increased the size of its music catalog ten-fold, to over 1 million DRM-free MP3s.

New York-based AmieStreet's online store offers a unique pricing model, where songs are priced from free to 98 cents, based on consumer demand.

Related Links:
http://snipurl.com/4e1ia

http://snipurl.com/4e1qi (DMW previous coverage)

http://www.amiestreet.com