Danny Lee Lives

Thursday, February 24, 2011

Buy Musician Stocks

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Read an interesting article in Time, yes I'm one of the few who still subscribe to hard cover magazines. When flipping towards the back where the culture stuff is, ran across an interesting article my musician friends might appreciate. There's an online UK label called MMC (My Major Company), whose adopted the new style of financing called crowdsourcing. Similar to sites like Kickstarter, MMC essentially invites users to invest in its own artists to help make their respective albums. Then once finished, the split is as follows: 40% to investors, 40% to MMC, and the last 20% to the artist. This is a fantastic example of how the internet is giving back to musicians, and a creative way to truly include the consumer in that process. Love it, check MMC here. And spread the word.

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