The chart is compiled from fan responses to amazingtunes.com, as well as play rotation on sister station Amazing Radio, creating what the company claims is an accurate depiction of the most popular tracks from the emerging artists in the Amazingtunes pool of talent.
Amazing adds that the chart is already one of the most popular aspects of amazingtunes.com, which aims to track down the best in new music, with stiff competition for the top slot.
It also features on digital station Amazing Radio, courtesy of The Amazing Chart Show, which counts down the top 20 songs on the chart from 5pm every Sunday, while a blog featuring the number one artist, highest climbers and new entries is published on amazingtunes.com shortly after the show finishes.
Music Week associate editor Robert Ashton describes the move as another important milestone in the development of Musicweek.com and its commitment to new music. "Music Week is all about helping to discover and promote new talent - as witnessed by Camden's Breakout sessions - and the new deal with amazingtunes.com is going to be an important part of that mission," he says.
Meanwhile, Amazing Radio, which has to date relied on pre-records, will tomorrow (Tuesday) broadcast its first live show since debuting in June 2009, with the Afternoon Show hosted by Kyle Wilkinson set to air live every weekday between 3-7pm.
The change will be overseen by former Radio Academy CEO Trevor Dann, who recently joined the station as managing director of broadcast.
Dann says going live was the natural next step for Amazing Radio, with more programmes set to follow throughout 2011. "Amazing Radio is a powerful new platform for independent artists and is providing a unique broadcasting model," he adds.
In addition, the company has now launched The Amazing Sessions, inviting the most popular artists on amazingtunes.com to record a live session to be replayed on the station.
The sessions have been developed by former W14 managing director and John Peel producer John Williams, who recently joined Amazing Music as managing director.
Amazing Media CEO Paul Campbell says it is an "immense privilege" to have people like Dann and Williams working for his company. "Their reputations are mythical, their expertise unrivalled, their experience colossal," he adds of the duo. "It's a real sign that Amazing is changing the world when people like them are choosing to work for us - and attracting others of similar quality. It will also guarantee we keep doing innovative stuff and get even more ambitious as Amazing grows and the word spreads."