Headline Wired: Pay Service Turns CDs Into MP3s.

Nova Spivack wanted to put his entire 1000+ CDs on his new iPod, but he didn’t want to spend the time ripping them to MP3 format. So, he sent his entire collection of CDs to RipDigital, a company that converts your CDs to your digital format of choice, for a dollar per CD. So, Nova spent over one thousand dollars to convert his collection.

Nova isn’t alone.

Dick Adams, one of the company’s three co-founders, said the service has been growing in popularity since its launch in December.

“We’ve been overwhelmed with orders and scrambling to keep up,” he said. “It’s been fabulous.”

Adams said the company initially targeted DJs, radio stations and institutions like hotels and libraries. Adams said they hoped for demand from audiophiles and collectors, but were surprised by the reaction from consumers.

“There are a lot of people out there who have more money than time,” said Adams. “Most people don’t roll their own cigarettes, and a lot of people don’t want to do this themselves.”

I think I’ll just “roll” my own MP3s and spend the grand on something else. Maybe I’ll buy an iPod….