Stephen Downes

Knowledge, Learning, Community

I mentioned Amanda Palmer a few weeks ago. Now, as Yancey Strickler writes, "Last week Amanda Palmer became the first musician to raise more than a million dollars on Kickstarter. Her project's numbers: $1,192,793 pledged by 24,883 people in 30 days. A musician getting a million dollars from the internet is a very big deal." The economics of this were very simple: the bulk of the money came from presales of her album, with people pledging an average $16.25 to download. Kickstarter takes a cut, Amazon takes a cut, and Palmer takes home $100,000 on a project that would have left her in depbt in the pre-internet days. This isn't just the future of music. It's the future of a lot of things.

Today: 1055 Total: 1060 [Direct link]

Image from the website


Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

Copyright 2024
Last Updated: Mar 28, 2024 11:31 a.m.

Canadian Flag Creative Commons License.

Force:yes