Tag Archive for 'intellectual property as stock'

CASH Music: Coalition Of Artists And Stake Holders

Published
by
Rob Stefaniak
on February 14, 2008
in Management
. 0 Comments

CASH MusicCASH Music: stands for Coalition of Artists and Stake Holders. CASH Music is a flexible platform through which creative stake holders — artists and audience — may interact and support one another through community. CASH believes that an engaged, participatory and supportive audience promotes a healthy, vibrant ’scene’ fostered around creative works.

Via CASH Music, the listener/fan is asked to interact with the Artist’s output, assess it, and be inspired by it, thereby enhancing it’s value. When value is realized, the listener/fan is asked to contribute accordingly — money, ideas, effort, or all of the above.

The listener/fan and the CASH artist share the common goal of the continuation of the creative process and artistic output. They describe it as a ‘read-write culture’ where the cumulative parts of the artistic enterprise — money, ideas, effort — enrich the total experience.

CASH supports distribution by torrent as part of a suite of ‘e-anticommerce’ tools — as well as a few other ‘nifty surprises’.

Currently CASH Music has three artists on it’s roster:

Kristin Hersh: kristinhersh.cashmusic.org
Donita Sparks + The Stellar Moments: donitasparks.cashmusic.org
Xiu Xiu: xiuxiu.cashmusic.org

I believe CASH Music is the closest thing we have seen to the ‘intellectual property as stock‘ concept previously mentioned by Terry McBride in WIRED (Wired 14.09: No Suit Required)…Artists offering shares in their enterprises which people will be able to make equity investments.

But probably the most important aspect of this concept is the opportunity for the listener/fan to build a more visceral connection to the Artist by actually having an ownership stake in the creative enterprise.

User-Funded CASH Music Label Triples Artist Roster | Listening Post from Wired.com

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Now playing: Cat Power - I Believe In You
via FoxyTunes

No Suit Required (Revisited)

Published
by
Rob Stefaniak
on November 29, 2007
in Management
. 0 Comments

This article was big for me as I wasn’t aware of anyone doing anything remotely unique from a management capacity previous to stumbling across this in Wired. I thought it worth a revisit now that it’s been a year. If you haven’t ever read it, it’s worth your time.

Really the only thing that hasn’t happened yet, that I am really excited for, is the advent of enabling artists to sell their intellectual property as stock. Profits from which will be taxed at the same lower rate as other capital gains. Artists will be able to offer shares in their enterprises which people will be able to make equity investments. Eventually, a major band could become its own public company. The key being that the value of a band would be measured like a stock and would receive capitalization in expectation of future earnings.

My expectation with regard to this is that young upstart bands will have an easier time finding funding to create, record, promote, and tour their music as they will be able to enlist the support and the collective motivations of their investors. Very likely, their projects will move forward with faster returns.

Oh, and most importantly, fans would be able to experience an even more visceral connection to their favorite artist by actually having an ownership stake in the creative enterprise.

Wired 14.09: No Suit Required