MyMediaMusings

In the wake of the breakdown of what has been the traditional model of record-making for the past 50-or-so years, there are a whole lot of new methods being tested.  One such method is Crowdfunding

CNet has a review of a number of the sites exploring this model and a link to a very cool post on KnowTheMusicBiz:

“Crowdfunding is related to Crowdsourcing. Crowdsourcing is taking a job traditionally performed by a designated agent (usually an employee; or, say, a record label) and outsourcing it to an undefined, generally large group of people in the form of an open call.

Crowdfunding grows out of crowdsourcing and occurs for any variety of purposes, from disaster relief to citizen journalism, and from political campaigns to artists seeking support from fans.”

If you want to see some of these sites in action check out Slicethepie, ArtistShare, and SellaBand.