Music

Crowdfunding disrupts record labels & the music industry

Crowdfunding disrupts record labels & the music industry

The largest providers of capital in the music business, the major record labels, have been devastated over the last decade by the disruption of their core competency: selling recorded music and investing profits into the development of new talent.  Global music sales have been contracting for over a decade, falling from $27.8b in 2000 to $16.5b in 2012. 1 It doesn’t take an economist to explain the effect: there is less cash available to fund artists. Furthermore, talent development is a high-risk…

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An Interview with Mark Kelly of Marillion

Mark Kelly of Marillion

Mark Kelly knows a thing or thirty about the music industry. He’s served as keyboardist of the English band Marillion for more than three decades. Today, few musicians have his perspective on the business of music. For instance, for the last few years, crowdfunding and sites like KickStarter have been all the rage. Kelly and his band recognized the vast potential of the Internet a remarkable fifteen years ago. Marillion was one of-if not the-first group to reach out directly…

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Amanda Palmer to Morrissey: Let me help you crowdsource your next album

Morrissey (Credit: Facebook/Perou)

Dear Morrissey, I will tell you: I am a passionate admirer of your songwriting, your singing and your recordings. I’ve bought tickets to see you lots of times. You shaped my head and my heart as a teenager, and to this day continue to impact my various artistic forays. You helped open me, you taught me that I could be brutally honest in my songs and that I didn’t need to wait for anyone’s permission. You helped teach me that…

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Crowd funding a Parade

David Mayfield

In the last few years, a lot of artists, inventors, entrepreneurs and half-cocked dreamers have been trying their luck with crowd-funding websites like Kickstarter. The basic idea can sound very appealing, particularly to those who can’t or don’t want to use traditional funding sources: the artist, inventor or entrepreneur takes his or her pitch for a product or a project to a website rather than go through the usual corporate or company channels. Through the Internet, they reach out to…

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Vermont musicians and artists using crowdfunding to raise money for their projects

ecoHub

Dozens of Vermont musicians and artists have used crowdfunding to raise money for their projects by appealing for donations through the New York City based Website Kickstarter. The site enables people to post information about a project, such as recording a CD or publishing a book. And then they can raise money to pay for the production through small donations. As the popularity of crowdfunding grows, Vermont versions of Kickstarter are cropping up in an effort to attract support for…

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Crowdfunding concerts: How fans can get their heroes to play in their hometowns

Crowdfunding Concert

At the climax of the film Wayne’s World 2, Wayne and Garth manage to book their dream roster of bands and bring them to their home town – Aurora, Illinois. It sounded like a far-fetched fantasy at the time. But 20 years later, this kind of dream could soon become reality for superfans. New online methods of crowdfunding concerts are allowing fans to club together, buy tickets, and get the acts of their dreams to come and play in their…

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Jonny Craig Starts Crowdfunding Campaign For New EP

Johnny Craig

Oh, the places Jonny Craig will go. Former Dance Gavin Dance vocalist and drug addict/awkward criminal Jonny Craig recently released three interesting cover songs (including a song originally by Justin Timberlake) and announced a solo headlining tour. Today, he has launched a crowdfunding campaign for a new EP on Indiegogo that you can find here. Jonny is without a label now, so the crowdfunding could make or break him. In his own words, “I want to get some new music…

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