Slicethepie enables artists to raise money directly from their fans to professionally record and release an album

What Company Is Offering:

Slicethepie enables artists to raise money directly from their fans to professionally record and release an album.

How It Works:


Artists sign up, upload their profile and join an Arena. When the Arena is full (up to 1,000 Artists) the Scout Room opens.
Music fans earn money scouting each track at least 10 times rating it 1-10 and writing detailed reviews.
The 20 highest rated artists from the Scout Room go forward to the Showcase.
Music fans vote for and finance Showcase Artists by buying Backstage Passes.
Backstage Passes give fans exclusive access to the artist, participation in the recording process, a free copy of the album and exclusive rights to buy Contracts in the artist at a discount.
Fans buy Contracts that entitle them to a return based on the number of singles and albums sold by the Artist over a 2 year period
The Artist receives the money (non-recoupable) and goes off to record the album, keeping in close contact with Backstage Pass holders in a private area of the site.
The Contracts become fully tradable on the Slicethepie Exchange, fluctuating in value depending on the anticipated number of album and single sales.
The album is released and Slicethepie receives £2 royalty on every album sale.
The Artist keeps all their copyright and publishing rights and remains free to sign a record deal at any time.

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