Key Takeaways:
- BuskerLabel offers a unique model to crowdfund music releases, blending Creative Commons licensing and exclusive early access to music.
- The platform creates a new type of music consumer, transforming so-called pirates into true fans and co-producers.
- By allowing early access to be crowdfunded by fans, BuskerLabel injects excitement to the period preceding an album’s release.
- More than just a donations-mechanism, BuskerLabel’s model creates sustainability for artists by offering 80% of collected funds to artists immediately after release.
The music industry continues to grapple with changes – the shift from physical to digital, the rise of streaming and piracy risks, as well as evolving revenue models. Enter BuskerLabel – a Roma-based startup that could redefine how music gets to your ears. This innovative company combines the principles of crowdfunding and Creative Commons licensing to fuel a unique model that engages listeners, supports artists and enhances access to music.
Through BuskerLabel, the period preceding an album’s release isn’t just a waiting game but an exciting phase filled with potential. It’s during this time that fans can contribute funds to gain early access to music, transforming them into co-producers and allowing them to engage in promotional activities gunning for their beloved artists’ success. It’s about amplifying passion and turning fans into advocates.
What sets BuskerLabel apart from typical crowdfunding platforms is the blend of Creative Commons licensing and exclusivity for fans. Once the album is officially released, it gets a Creative Commons license that allows it to be freely downloaded and shared for personal use. Yet, fans who contributed funds enjoy the coveted status of getting to hear it first – a privilege that can encourage their peers to join in supporting their favorite artists.
Further, this startup goes beyond fundraising for existing music by excluding project funding before entering the recording studio. Rather, artists upload tracks, set a release date, and start collecting right away. BuskerLabel then passes on a whopping 80% of the collected funds to the artists after the release date.
The future of BuskerLabel appears promising. This startup marries the concepts of early-access privileges, Crowdfunding, and legally sharable music in an innovative way that could reshape industry norms. By transforming pirates into co-producers and early-access supporters, BuskerLabel’s model does more than just follow the crowd – it builds an inclusive and sustainable music community.
If its consistent growth and increasing popularity among independent artists are any indication, it’s clear that BuskerLabel is a change-maker to watch in the music industry. You can learn more about BuskerLabel by visiting their website at www.buskerlabel.com or connecting with them via Twitter at www.twitter.com/buskerlabel and LinkedIn at www.linkedin.com/in/giuliodeluise.
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