ArtistShare

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ArtistShare is the internet's first crowdfunding website.<ref name="Oxford University Press">Template:Cite book</ref><ref name="Hypebot">Template:Cite web</ref><ref name="UKTelegraph">Template:Cite news</ref><ref name="Guitar World">Crowd-Funding 101: What Every Musician Needs for a Successful Campaign Template:Cite web</ref><ref name="NYTimes">Template:Cite news</ref><ref name="Google Books">Template:Cite book</ref> It also operates as a record label and business model for artists<ref name="la times">Template:Cite web</ref><ref Name="Wharton">Template:Cite web</ref> which enables them to fund their projects by allowing the general public to directly finance, watch the creative process, and in most cases gain access to extra material from an artist.<ref>02.12.2008: Addendum to recent Wired Article (Part II) Model Number 7: Fan Supported Label/Distribution Template:Webarchive, David Byrne's Journal, February 12, 2008. Consulted on October 7, 2011.</ref> According to Bloomberg News, the company's chief executive officer, record producer Brian Camelio, founded ArtistShare in 2000 with the idea that fans would finance production costs for albums sold only on the Internet and Artists also would enjoy much more favourable contract terms.<ref name="LiveMint.com">Template:Cite web</ref> ArtistShare was described in 2005 as a "completely new business model for creative artists" which "benefits both the artist and the fans by financing new and original artistic projects while building a strong and loyal fan base".<ref name="The Future of the Music Business">Template:Cite book</ref>

History

File:Camelio Nelson Lundvall.jpg
ArtistShare founder Brian Camelio, singer Willie Nelson, and Blue Note Records President Bruce Lundvall on Willie Nelson's tour bus

A United States–based company, ArtistShare (2001) is documented as being the first crowdfunding website <ref name="UKTelegraph"/> followed later by sites such as Sellaband (2006), SliceThePie (2007), IndieGoGo (2008), Spot.us (2008), Pledge Music (2009), and Kickstarter (2009).<ref name="Wharton"/>

ArtistShare projects have received 29 Grammy nominations and 10 Grammy awards to date.<ref name="artistshare.com">Template:Cite web</ref>

In 2005, American composer Maria Schneider's Concert in the Garden became the first album in Grammy history to win an award without being available in retail stores.<ref name="la times"/> The album was ArtistShare's first fan-funded project. Schneider received four nominations that year for the fan-funded album and won the Grammy for Best Large Jazz Ensemble Album.<ref name="mariaschneider.com">Template:Cite web</ref><ref name="Grammy2011">Template:Cite web</ref> According to ArtistShare.com, ArtistShare artists consist of "some of today's most prestigious artists including Pulitzer prize and Oscar nominated writers, Guggenheim fellowship recipients and NEA Jazz Masters".<ref name="artistshare.com"/>

In May 2013, ArtistShare partnered with Blue Note Records to form a collaboration titled 'Blue Note/ArtistShare'. The Blue Note/ArtistShare collaboration was forged by Brian Camelio, Bruce Lundvall, and Don Was, President of Blue Note Records. In Blue Note's press release about the collaboration, Lundvall, Blue Note Chairman Emeritus, is quoted as saying, "'ArtistShare founder Brian Camelio is a true visionary. I see the ArtistShare business model as a key component of the future music business'"<ref name="BlueNote">Blue Note Records [1] Retrieved October 24, 2013</ref> The collaboration will "'essentially serve as a low-risk development arm of the label'" since the recordings will be funded by the fans.<ref>Template:Cite news</ref>

Grammy Awards

Patent dispute

On September 30, 2011, Kickstarter filed a declaratory judgment suit against ArtistShare<ref>Template:Cite web</ref><ref name="Hollywood Reporter 2014">Template:Cite news</ref> and Fan Funded which owns U.S. patent Template:Cite patent, "Methods and apparatuses for financing and marketing a creative work".<ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref>Template:Cite web</ref>

In June 2015, US District Judge Katherine Failla ruled in favor of KickStarter against ArtistShare.<ref>Template:Cite web</ref>

See also

References

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