Sellaband.com Proves Concept, Scores $5 Million In Funding
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...
Live Nation Strikes Again Inks $150 Million Deal With Jay-Z
Live Nation has announced a mega-deal worth $150 Million dollars with Shawn Carter aka, Jay-Z. Industry insiders have been speculating on what Carter’s next corporate play would be since he failed to come to terms with Universal last year and stepped down from his role as as President of DefJam after 3 years. Jay-Z’s deal will span ten years and includes recording, merchandising, touring, publishing, image licensing and...
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