Sellaband.com Proves Concept, Scores $5 Million In Funding

Posted on Apr 11, 2008

SellABand, a German concern, has scored $5 million in funding for their innovative record label model. Artists sign up and upload some of their music. Users listen to it. If they like it, they pay $10. If a band reaches $50,000 in donations, SellABand will record an album in a proper studio with an established producer and market the release. The concept, while provocative, was iffy at best with only 130 bands signing up in the first...