Crowdfunding Lets Fans Become Promoters

Visual  and  audio artists are connecting more than ever with fans through crowdfunding sites like LegionM and Weeshing.

The deal is pretty simple: fans contribute to a film or band that they like which allows the production to happen. In return, the fans get to see the fruits of their investment and potentially profit as the “less hardcore” also buy tickets and enjoy the show.

Like many crowdfunding ideas, these models take the middle man, who provides nominal value, out of the picture and puts fans in a stronger position to experience their favorite artists. It essentially makes the fan the partner with the promoter.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
This entry was posted in accredited investor, balance, Broadway, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, Funding Portals, Investments, Jobs, Legislative Intent, Small Business, technology and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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