Peter Gabriel has put money behind music licensing firm Cuesongs, which aims to provide covers of popular music tracks for public use.
Cuesongs has teamed up with the likes of EMI and Sony to record the covers and Gabriel is supporting the venture as an angel investor.
"By introducing low prices and easy online access, Cuesongs is creating a new market for music, to satisfy a huge untapped demand that can begin to provide new income streams for artists," Gabriel told the BBC.
The tracks will be available to individuals, small businesses and not-for-profits. The website providing the service is currently still in its beta stages, with a full launch scheduled for next year.
The Music Publishers Association has welcomed the arrival of this kind of platform.
"These services look to provide proper controls and safeguards for creators, whilst at the same time easing access and simplifying the process for those small businesses wanting to use music," said MPA spokesperson, Will Lines.
"We are not talking here about individual web users paying to upload a clip of their child dancing to the radio as a YouTube clip.
"Rather, this is aimed at the thousands of small businesses using social media in their commercial activities."