SellaBand lets music fans take a stake in their favorite artists in order to help fund their record

What Company Says:
The music industry is all about fences. Those who are on the inside, and those who are on the outside. SellaBand wants to break down all the fences. Everybody with a passion for music can be on the inside.It's your music. It's your choice.
SellaBand is a service that lets music fans take a stake in their favorite artists in order to help fund their record. Once enough shares have been purchased ($50,000), then an artist gets to head off to the studio and make an album.

How It Works:

Make your own Artist page on SellaBand.com. Create a profile that appeals to potential Believers. Upload a picture, a biography and a maximum of 3 demo-songs that represent you as an Artist. Tell your fans where they can see you play live, where they can find your own website, etcetera. Do you have a MySpace account? Let your Believers know!Promote yourself and your music by making links to your profile page on SellaBand.com and other (music) communities. Announce the url on concert posters, your own website, etc. And don't forget to motivate your Believers to promote your band. After all, SellaBand connects you with dedicated fans that will serve as the most aggressive street- and e-team ever!

All advertising revenues generated via SellaBand will be shared equally between the SellaBand Recording Artists, their Believers and SellaBand. This three way split will be based on market share. The more your songs are downloaded on SellaBand (by unique visitors), the bigger your market share and the more money you and your Believers can make.
Recent Updates:
A new partnership with The Orchard means that these artists get to work with industry professionals, and take advantage of some marketing know-how.
The partnerships take full effect on January 21, 2008, and the dates for the concert tour have been announced for Rio Grande, NM, Boston, MA, London and Amsterdam. Heineken has in fact renewed its partnership with SellaBand, with some upgrades thrown in there. The beer company will be sponsoring the live events as well as “SellaBand Presents…” which are compilations of top SellaBand acts.


More at:http://www.sellaband.com/