42.3 F
New York
Thursday, February 9, 2023
HomeArchiveIs the DIY Fan-Funded Model Sustainable?

Is the DIY Fan-Funded Model Sustainable?

Date:

Related stories

What Would Happen If An AI-Generated Song Wins A Grammy?

When Stanley Kubrick created the massive Hal 2000 computer featured in 2001: A Space Odyssey, he probably never dreamed that Hal could win a Grammy some day.

ATTN: Attorneys. Your New Swimming Pool Is Coming Soon

You think copyright law is a tangled mess? Just wait.

Name That Tune

Creative AI and its Impact on the Music Business, but who's going to get paid?

Music, Money And The Metaverse

Will the metaverse save music?

A Reply: Sir Lucian Grange & The Need For An Evolution Of The Streaming Model – Part 2

So, we last examined Lucian’s statements around lower quality...

With the recent collapse of first to market fan-funded model sellaband.com questions around the actual viability of such models need to be examined. TMV has always been a staunch supporter of fan-funded models and will hopefully continue to support them. So does the announced bankruptcy of Sellaband herald a new wave of fan-funded models going-under? TMV certainly do not think so. However we do believe that it does necessitate an honest assessment of whether focusing just purely on music is enough to sustain such models over the long-term.

Second fan-funded model to market Slicethepie announced a few months back that one of its artists managed to successfully make a 386% return on investment for the artist and their investors. Yet was that the only key success to come from slicethepie? Nobody has heard much from Bandstocks. Perhaps the fact their has been no United States based fan-funded start-up does signal that particular markets view that such models are a non-starter?

However, TMV did recently come across a quite dynamic U.S. focused fan-funded model kickstarter.com. The key differentiator from all the purely music focused fan-models is that Kickstarter allows you to “source the crowd” for investment in any arts or arts business related venture across the music, film, art and literature sectors.

Author

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here