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
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
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