Crowdfunding: The new financing frontier?
“With the rise of social media and the collapse of traditional funding models for music and other industries, some artists are trying a more grassroots approach to financing called crowdfunding. Because record companies aren’t fronting cash for touring and recording – or signing bands at all – musicians are asking their fans to help underwrite albums and replace aging vehicles, usually via websites such as Kickstarter or IndieGoGo. …”
Read more about how bluegrass and Americana musicians are using crowdfunding in this story I did for WAMU’s Bluegrass Country. Includes comments from ND’s own Kim Ruehl!
Eager to hear your thoughts, too.