ArtistShare is the internet's first commercial

crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over was raised worldwide by cro ...

website.Crowd-Funding 101: What Every Musician Needs for a Successful Campaign It also operates as a

record label A record label, or record company, is a brand or trademark of music recordings and music videos, or the company that owns it. Sometimes, a record label is also a publishing company that manages such brands and trademarks, coordinates the pr ...

and

business model A business model describes how an organization creates, delivers, and captures value,''Business Model Generation'', Alexander Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self-published, 2010 in economic, soci ...

for artists 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. According to

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ...

, the company's chief executive officer,

Brian Camelio Brian Camelio is an American record producer, musician, entrepreneur, and founder of ArtistShare.Bob Grossweiner, Jane CohenIndustry Profile: Brian Camelio Celebrity Access, February 29, 2008. Consulted on October 9, 2011 Fred KaplanMUSIC; D.I.Y. ...

, 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. 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".

History

A United States-based company, ArtistShare (2001) is documented as being the first crowdfunding website followed later by sites such as Sellaband (2006), SliceThePie (2007), IndieGoGo (2008), Spot.us (2008), Pledge Music (2009), and

Kickstarter Kickstarter is an American public benefit corporation based in Brooklyn, New York, that maintains a global crowdfunding platform focused on creativity. The company's stated mission is to "help bring creative projects to life". As of July 2021, ...

(2009). ArtistShare projects have received 29 Grammy nominations and 10 Grammy awards to date. In 2005, American composer Maria Schneider's ''Concert in the Garden'' became the first album in

Grammy The Grammy Awards (stylized as GRAMMY), or simply known as the Grammys, are awards presented by the Recording Academy of the United States to recognize "outstanding" achievements in the music industry. They are regarded by many as the most pres ...

history to win an award without being available in retail stores. 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''. 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". In May 2013, ArtistShare partnered with

Blue Note Records Blue Note Records is an American jazz record label owned by Universal Music Group and operated under Capitol Music Group. Established in 1939 by Alfred Lion and Max Margulis, it derived its name from the blue notes of jazz and the blues. ...

to form a collaboration titled 'Blue Note/ArtistShare'. The Blue Note/ArtistShare collaboration was forged by

Bruce Lundvall Bruce Lundvall (September 13, 1935 – May 19, 2015) was an American record company executive, best known for his period as the President and CEO of the Blue Note Label Group, reporting directly to Eric Nicoli, the Chief Executive Officer of EMI ...

, and

Don Was Don Edward Fagenson (born September 13, 1952), known professionally as Don Was, is an American musician, record producer and record executive. Primarily a bass player, Was co-founded the funk-rock band Was (Not Was). In later years he produced so ...

, 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'"Blue Note Record

Retrieved October 24, 2013 The collaboration will "'essentially serve as a low-risk development arm of the label'" since the recordings will be funded by the fans.

Grammy Awards

* Grammy Award for Best Large Jazz Ensemble Album, Best Large Jazz Ensemble Album: '' Concert in the Garden'' by Maria Schneider (2005); ''

The Thompson Fields ''The Thompson Fields'' is an album by the Maria Schneider Orchestra that won the Grammy Award for Best Large Jazz Ensemble Album in 2017. Schneider was the composer, conductor, and co-producer of the autobiographical work. The title comes from ...

'' by Maria Schneider (2015) * Best Instrumental Composition: "Into the Light" by Billy Childs (2006);Billy Childs at Grammy.co

Retrieved October 8, 2011Billy Childs Discography "Cerulean Skies" by Maria Schneider (2008); "The Path Among the Trees" by Billy Childs (2011);Billy Childs Discography - ''Autumn: In Moving Pictures'' Retrieved October 8, 2011 "How About You" from the ''Gil Evans Project:Centennial'' (2013) * Grammy Award for Best Latin Jazz Album, Best Latin Jazz Album: '' Simpático'' by Brian Lynch and Eddie Palmieri (2007)Brian Lynch at Grammy.co

Retrieved October 8, 2011Brian Lynch Discograph

Retrieved October 8, 2011 * Grammy Award for Best Classical Contemporary Composition, Best Contemporary Classical Composition: '' Winter Morning Walks'', by Maria Schneider (2014) * Best Classical Vocal Solo: Dawn Upshaw, '' Winter Morning Walks'' * Best Engineered Album, Classical: '' Winter Morning Walks''

Patent dispute

On September 30, 2011,

filed a

declaratory judgment A declaratory judgment, also called a declaration, is the legal determination of a court that resolves legal uncertainty for the litigants. It is a form of legally binding preventive by which a party involved in an actual or possible legal ma ...

suit against ArtistShare and Fan Funded which owns U.S. patent , "Methods and apparatuses for financing and marketing a creative work". In June 2015, US District Judge Katherine Failla ruled in favor of KickStarter against ArtistShare.

References

External links

* {{Authority control Music organizations based in the United States Crowdfunding platforms of the United States Jazz record labels

History

Grammy Awards

Patent dispute

See also

References

External links