Independent Online Distribution Alliance Hits Fortune Breakout List

Fortune Magazine: Fortune Magazine has listed IODA (Independent Online Distribution Alliance) on its list of 25 breakout companies for 2005.

It's easy now to see why IODA is thriving. Unlike a traditional record store, digital music services essentially have infinite shelf space, and their customers love to explore the weirder corners of their libraries. Rhapsody and Napster, which offer subscription services, say that less than 50% of the songs that customers groove to each month come from major-label catalogs. When a big-name artist like Eminem puts out a record, one of its cuts will quickly become the services' most downloaded song, but that will still account for just a tiny fraction of what subscribers are actually listening to.