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 Music and how to make money on it

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Number of posts : 28
kasalanan : 55
Kwenta: : 1
Registration date : 2009-03-15
Age : 28
Location : Metro Manila

PostSubject: Music and how to make money on it   Thu Mar 19, 2009 3:13 am


What is Slicethepie?

Slicethepie is a financing platform for the music industry that enables new and established Artists to raise money directly from Music Fans and Investors.

On Slicethepie, Music Fans take on the A&R role, earning money reviewing tracks, spotting new talent and ensuring the best Artists get put forward for financing.

Music Fans can then directly invest in the Artists in return for exclusive Artist access, a copy of the completed album, their name on the album sleeve and a decent share in the financial returns from album and single sales.

Investors (non-US only) can trade in and out of their Artist Investments at any time on the world’s first Music Trading Exchange, also hosted on the site.
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This is how it works:

* Artists sign up and upload their profile.
* Artists are automatically entered into appropriate Scout Rooms based on genre, location etc
* Music Fans earn money rating each Track and providing detailed and constructive reviews
* The highest rated Artists go through to a Showcase where their Fans and serious Music financiers invest in amounts of £1 upwards until they reach the £15,000 target. (If the Artist fails to hit the target after 6 months, they drop out of the Showcase and all Investments are refunded)
* Artists with established Fan bases can bypass the Scout Rooms and raise up to £500,000
* Investors receive exclusive access to the Artist, a free copy of the finished album, their name on the album sleeve and a share in the financial returns from album and single sales, (through the ownership of Contracts)
* The Artist receives the money (non-recoupable!) and records the album
* Contracts become tradable on the Slicethepie Exchange, fluctuating in value depending on the anticipated number of album and single sales
* The album is released on iTunes, Amazon etc and the Artist pays a £2 royalty on every album sale and 20p per single
* The Artist keeps all their copyright and publishing rights and remains free to sign a record deal at ant time
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Music and how to make money on it
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