As wallets tighten and money is less available to artists for creative projects, Irish musicians and filmmakers are turning to online funding as a way of creating the capital required to make their art.
Sites like Sellaband, Kickstarter, Slicethepie and Pledgemusic have given people in the arts a new way of appealing to fans directly. Each crowdfunding project has different incentives depending on your level of investment: from receiving a production credit to a pre-release download to private concerts to revenue shares – if you’re a fan and you have spare cash, chances are there is something you can get out of it beyond satisfaction.
Since crowdfunding began, it has seen a fair mix of success and failure. Public Enemy were forced to concede that their original $250,000 asking price was too high. Now, nearly 11 months later, the band have raised 80% of their re-adjusted $75,000 price. Duke Special’s Pledge Music finance-raising efforts for three new albums earlier this year received 129% of its asking more modest total.
Continue Reading..

Linkage
Fri, Sep 3, 2010 | View Comments | By Niall Byrne