Amanda's Million
Yancey SAtrickler,
Kickstarter,
Jun 04, 2012
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.
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