A record label I can believe in….
SonicAngel. It’s like Kickstarter on steroids. It allows the artist to get funding but be able to focus on the music, while the label does the marketing/legal/sales/tour support. Artists sign up, with a sort of mutual agreement from their A&R reps, and in return, the label helps them raise money and produce their music. This is the new business model for musicians – patron funding! Here’s where it’s different from Kickstarter – fans can purchase a “fanshare” which is actually an investment in the band. If the band is successful, the fans get a share of the profits. For instance, those who donated to Tom Dice received 330% of their investment in return when he had a successful album. If the band isn’t succcessful, the record label assumes the risk. Wow. Now that’s smart. The other thing I like is that the record label can determine who gets “signed,” and thus keep the quality high. Right now the label is focused in Europe but I believe they are expanding as well. Of course with the internet it’s a global corporation, just a matter of time before the people on the other side of the pond jump on board. Check it out, and maybe even fund a project! http://sonicangel.com
Many thanks to HypeBot for pointing me to this new service. Blog trackback:
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