Sellaband

SellaBand is a music website that allows artists to accession the money from their admirers and the SellaBand association in adjustment to almanac a able album. SellaBand uses the mechanisms of Crowd-funding and is to be apparent as a Direct-to-Fan / Fan-funded music belvedere utilising a Threshold Pledge System / Provision Point Mechanism. It was set up by Johan Vosmeijer (ex Sony/BMG), Pim Betist (ex Shell), and Dagmar Heijmans (ex Sony/BMG) in August 2006. Its offices acclimated to be amid in Amsterdam, Netherlands, but it was originally congenital in Bocholt, Germany. In October 2010 the post-bankruptcy aggregation confused to Munich, Germany.

On April 8, 2008, SellaBand aloft EU€3.5 million1 (US$5 million)2 in their Series A annular led by Prime Technology Ventures.3

In aboriginal 2009, Pim Betist larboard SellaBand to set up Africa Unsigned,4 application SellaBand technology as a abject and accurate by the Dutch government.

In January 2010, Sellaband filed for Bankruptcy.5 It relaunched canicule later, afterwards an broker stepped forward. The appointment was relocated to Munich, Germany. 6

SellaBand 2

On October 1, 2009 SellaBand launched a new archetypal that gave artists absolute adaptability in their fan allotment affairs and did not yield rights. Any artist, active or unsigned, could use SellaBand to armamentarium any project.7 The new archetypal aswell congenital the change, that artists are chargeless to accept how abundant money the wish to raise. The minimum allotment ambition is € 3000,-- and the best allotment ambition is € 250.000,--. Artists can aswell accept if they wish to accommodate a acquirement administration advantage into their funding. The minimum allurement is a download. 8

Artists can now accept altered activity objectives they wish to fund:

music recording;

almanac releases (digital/physical);

advance and/or business campaigns;

reside concerts / touring / festivals;

an absolute fan product;

a aggregate of all of the above;9

On June 1, 2010 SellaBand launched a german adaptation of SellaBand.10

On August 27, 2010 SellaBand appear that the Dutch Central Bank (DCB) got in blow with SellaBand to investigate whether or not the 'withdrawal option' at SellaBand was a abuse of the law on banking administration (Wet Financieel Toezicht/ Wft). From day one the DCB fatigued that they were never beneath the consequence that SellaBand was agreeably actionable the law. After a brace of months of investigating they came to the cessation that it is a abuse of the WFT (article 3.5 of the WFT) and that SellaBand, back SellaBand isn´t and is not traveling to be a Bank, has to stop the abandonment option. SellaBand again had stop the action to abjure money deposited to SellaBand from September 1st 2010 on. However, acquirement becoming with investments fabricated in SellaBands artists can still be aloof from a SellaBand annual 11

On August 30, 2010 SellaBand appear that the advance bill would be afflicted from US$ to € from the September 1st, 2010 on.12

Believers

Individuals absorbed in acknowledging Sellaband artists do so by affairs "parts" in them. Believers can acquirement any amount of "parts" in a individual artisan or "parts" in assorted artists.

Until all locations are sold, the money calm from Believers in barter for artisan "parts" is captivated in an escrow annual managed by a third affair (Dieter Roesing, Rechtsanwälte und Notare, Bocholt), adapted beneath German Law,13 and cannot be accessed by Sellaband or the artist. Any absorption accrued during this aeon is kept by Sellaband.14 During this time Believers may advertise aback any amount of "parts" they accept in an artist, which are re-deposited into the Believer's Sellaband account, and buy locations in added artists. No money deposited in Sellaband can be refunded to a Believer, but alone acclimated to buy locations in addition artist, although any revenues acquired on the belvedere can be paid out to a Paypal annual aloft request. Once the ambition is raised, the Believers' funds are committed to the artisan and the Escrow Agent transfers the funds to Sellaband for the recording project.

Partnerships

December 2007: a affiliation with Amazon.com is announced.15 This was initially for the UK but has been auspiciously again with Amazon in Germany and USA.

March 2009: SellaBand announces a accord to barrage in USA with Chuck D’s music company, BTN (Bring The Noise) Management, in which the above Public Enemy foreground man will action as Sellaband’s "US ambassador."14

June 2010: SellaBand announces a affiliation with Soundcloud. Artists accept the adeptness to acceptation the music they accept on their Soundcloud annual into SellaBand after added uploads. 15

Events

Since its inception, Sellaband has conducted several Official concerts in Europe.

"New Years Party" (January 2007), the Paradiso, Amsterdam, NLcitation needed

"London Calling" (June 2007), Gibson Studios, London, UKcitation needed

"Sellabration - Birthday Party" (August 15, 2007 & 2008), the Paradiso, Amsterdam, NLcitation needed

Other Unofficial SellaBand contest accept included:

Sellaband artisan appeared at "Concert At Sea" anniversary (June 2007) captivated in Brouwersdam, NL.citation needed In addition, a amount of concerts in Europe, Australia, and the United States accept been organized through the accord of Sellaband artists and believers.citation needed

Sell-A-Jam © “One Night In Boston”16 took abode on January 25 at Boston's Paradise Lounge and featured Sellaband recording artisan Lily Vasquez, with Sellaband listed artists Jon Robert and Delco, Jess King, and Wetwerks. The Sellaband Rio Grande Festival,17 was captivated in Truth or Consequences, New Mexico on February 22 and February 23. On the 13th of november 2009 Rave 'n Rock artists Resistor accent “Resistor presents Sellaband Live” at Amsterdams Club Panama with Sellaband listed artisan Hangover Sunday and the Dial -a- Poets. 18

Artists who reached their goal

Currently there are artists 86 artists who accomplished their ambition already.19 In December 2009 Cubworld was the aboriginal artist, closing his additional budget.20 Less than two weeks afterwards bankrutpy, Aryn Michelle 21 was the aboriginal artist, closing her account beneath the new SellaBand-management. In October 2010 Epyllion bankrupt the aboriginal account on SellaBand that is not acclimated for recording new but for announcement of already appear music.

In October 2010 Hind was the aboriginal sellaband-artist, extensive a top 10 entry. Her anthology Crosspop started on No. 8 in the dutch charts.22 She was aswell the fastest allotment artisan on SellaBand managing to aggregate 40.000 EUR aural 11 days. 23

Public Enemy was the aboriginal above artisan to assurance up for SellaBand with a ambition of $250,000 in $25 increments.24 Afterwards a black accomplishment Public Enemy bargain their ambition to $75,000. They accomplished this absolute on 28 October 2010.25

There are over over 700 artists currently registered on Sellaband adopting funds.26

The afterward table shows the a lot of notable artists that accomplished their allotment ambition on SellaBand:

Old Model

On October 1, 2009 SellaBand launched a new archetypal which gives artists absolute adaptability in their fan allotment plan and does not yield rights. Under the old archetypal the allotment was belted for recording an album, acquirement shares with believers was anchored and the absolute to be aloft was set at either US$50,000 or US$100,000 with locations at $10.