Petteri Pyyny
14 Feb 2005 11:31
Jazz composer Maria Schneider probably sent some shockwaves through the recording industry last weekend when she won a Grammy for her album "Concert in the Garden" without having a deal with a record label or distributor and without selling a single copy of her album in traditional record stores.
Her album was financed through a service called ArtistShare that allows fans to help finance the whole production. The album cost $87,000 to make and by selling 9,000 copies to people who pre-ordered it via the website and an additional 1,000 via a Net auction. She says that several other artists have contacted her to know more about her approach to the record financing and Net distribution.
Now, we're just waiting for the first-ever album to win a Grammy that will only get released in digital format (and without a DRM, that would be something..)..
Source: Reuters