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Sellaband is a music website that allows artists to raise the money from their fans and the SellaBand community in order to record a professional album. It was set up by Johan Vosmeijer (ex Sony/BMG), Pim Betist (ex Shell), and Dagmar Heijmans (ex Sony/BMG) in August 2006. Their offices are located in Amsterdam, Netherlands, but they are incorporated in Bocholt, Germany.[1] On April 8 2008, SellaBand raised EU€3.5 million[2] (US$5 million)[3] in their Series A round led by Prime Technology Ventures.[4] In early 2009 Pim Betist left SellaBand to set up Africa Unsigned [5] using SellaBand technology as a base and supported by the Dutch government.
[edit] New ModelOn October 1st 2009 SellaBand launched a new model which gives artists total flexibility in their fan funding plan and does not take rights. Any artist either signed or unsigned can now use SellaBand to fund any project, as can record labels, artist managemers, publishers etc Public Enemy was the first major artist to sign up for SellaBand with a target of $250,000 in $25 increments. [6] [edit] BelieversIndividuals interested in supporting Sellaband artists do so by buying "parts" in them. Believers can purchase any number of "parts" in a single artist or "parts" in multiple artists. Up and until the time all parts are sold, the money collected from Believers in exchange for artist "parts" is held in an escrow account managed by a third party (Dieter Roesing, Rechtsanwälte und Notare, Bocholt), regulated under German Law,[7] and cannot be accessed by Sellaband or the artist. Any interest accrued during this period is kept by Sellaband.[8] During this time Believers may sell back any number of "parts" they have in an artist, which are re-deposited into the Believer's Sellaband account, and buy parts in other artists. They can also request a refund of any and all amounts they have in their deposit account. Once the target is raised, the Believers' funds are committed to the artist and the Escrow Agent transfers the funds to Sellaband for the recording project. [edit] ExpertsArtists using SellaBand are free to work with whoever they like but one of the strengths of SellaBand is their ability to connect artists with top class producers. Among the Producers that have worked on SellaBand albums so far are Tony Platt (AC/DC, Bob Marley), Attie Bauw (Scorpions, Judas Priest), Peter Denenberg (Spin Doctors, Deep Purple), Steve Bush (Stereophonics, Corinne Bailey Rae), Mick Glossop (Van Morrison, Waterboys), Malcolm Burn (Patti Smith, Emmylou Harris) and Greg Haver (Manic Street Preachers, Super Furry Animals). [edit] PartnershipsDecember 2007 a partnership with Amazon.com was announced.[9] This was initially for the UK but has been successfully repeated with Amazon in Germany and USA. March 2009 SellaBand announce a deal to launch in USA with Chuck D’s music company BTN (Bring The Noise) Management in which the former Public Enemy front man will function as Sellaband’s "US ambassador."[3] June 2009 Sellaband.de launched. The first sister site is presented in conjunction with partner MerchandisingMedia GmbH. [edit] EventsSince its inception, Sellaband has conducted several Official concerts in Europe.
Other Unofficial SellaBand events have included: Sellaband artist appeared at "Concert At Sea" festival (June 2007) held in Brouwersdam, NL.[citation needed] In addition, a number of concerts in Europe, Australia, and the United States have been organized through the collaboration of Sellaband artists and believers.[citation needed] Sell-A-Jam USA “One Night In Boston”[10] took place on January 25 at Boston's Paradise Lounge and featured Sellaband recording artist Lily Vasquez, with Sellaband listed artists Jon Robert and Delco, Jess King, and Wetwerks. The Sellaband Rio Grande Festival,[11] was held in Truth or Consequences, New Mexico on February 22 and February 23. [edit] artists who reached their goalThe first 25 artists to reach their goal and release their Sellaband CD:[12] There are 12 more artists who have reached their goal and are currently recording their Sellaband CD:
There are over 3.000 artists currently registered on Sellaband.[28] [edit] Old ModelOn October 1st 2009 SellaBand launched a new model which gives artists total flexibility in their fan funding plan and does not take rights. Under the old model the funding was restricted for recording a album, revenue shares with believers was fixed and the total to be raised was set at either US$50,000 or US$100,000 with parts at $10. The new changes have seen established artists sign up as well as new artists who already have management or other representation. [edit] See also[edit] References
[edit] External links
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