In a year when crowdfunding grew exponentially across the globe, music projects accounted for thousands of campaigns, including a growing local trend towards fan-supported releases.
Record companies are out. Fans are in.
Or at least, that seems to be the latest online business model starting to take a hold within the music industry worldwide, with over 5,000 music projects being funded successfully by fans on Kickstarter alone.
Crowdfunding effectively involves a person or organisation pitching an idea or project, usually online, and then receiving pledges from people who want to back their project.
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