The internauts, new music producers

Still looking for a new business model, today trends on music industry are on the community labels.

Internauts take the place of major record labels and become producers.

Spidart, No major Musik, My major Company are these new kind of label which allow internauts to invest on a band after they have listened the album.

If the internaut is interested by the band, he has to pay between 10 and 20 €. The album can see the day if 70 000 euros are collected. In this case, 30% of the revenue is given back to this new producers. I think this is enough to motivate internauts to promote « their band » around them.

This is an interesting way to apply Web 2.0 to music industry but what happens if I invest in a band or an artist and the 70 000 euros aren’t collected ?

…To be continued