Fan Funding

Description

"Get fans to stump up-front the money they'd spend on your record anyway, in return for other goodies. It's a concept still in its infancy, but it gained some momentum this year, as Patrick Wolf and Electric Eel Shock released their first fan-funded albums, and more established artists started successfully raising funds from fans. Still, the biggest story in fan-funding, the announcement that Public Enemy would fund an album this way, ended on a negative note - so far they've only raised 28% of their target sum. Nevertheless, I reckon fan-funding will continue to grow in 2010, people just need to work out how and when it can work." (http://newsblog.thecmuwebsite.com/post/CMU-Review-Of-The-Year-2009-The-music-business.aspx)