Music crowd-funding

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From Jean-Michel Billaut’s blog (in french, for a bad english translation, click here), a french company is about to launch a music financing service.

  1. The service hosts demo recording
  2. Readers pick-up a song they like / think can be a hit
  3. Readers give money to produce
  4. When enough money is collected, the song is professionally produced
  5. Benefits are redistributed among donators
  6. Et voila !

Records companies will once again be devastated by this new breach in their business. 🙂

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