2016
DOI: 10.1177/0163443716674364
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Crowdfunding and the democratization of the music market

Abstract: The article analyzes the phenomenon of crowdfunding from the perspective of its democratizing influence on the music market. Crowdfunding enables artists to finance the release of their records, which theoretically allows them to enter the music market without the intermediation of traditional record labels. By using empirical data, the article shows that the democratizing influence of crowdfunding is limited. This results partially from the difficulties of dealing with promotional activities traditionally con… Show more

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Cited by 25 publications
(12 citation statements)
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References 22 publications
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“…Success through CCF effectively mitigates issues of uncertain demand and symmetrical ignorance. Interpreted this way, CCF becomes a conduit for breaking into the 'mainstream' system of cultural production (Galuszka and Brzozowska, 2017).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Success through CCF effectively mitigates issues of uncertain demand and symmetrical ignorance. Interpreted this way, CCF becomes a conduit for breaking into the 'mainstream' system of cultural production (Galuszka and Brzozowska, 2017).…”
Section: Literature Reviewmentioning
confidence: 99%
“…It developed from a platform used for garnering business investments to one seeking donations for a variety of causes, including those involved in state provision. Crowdfunding is now used to cover expenses in such diverse areas as artistic creation (Galuszka and Brzozowska ), scientific research (Schafer et al. ), journalism (Hunter ), litigation (Elliott ), as well as for various charity and community projects and for individual needs in the case of, for example, medical emergencies and educational opportunities.…”
Section: The Rise Of Crowdfundingmentioning
confidence: 99%
“…Aligning with our ‘missing producer’ argument, many cultural industry scholars have noted the downloading of production labour onto the backs of the artists who must now not only create original content but must also produce, distribute and market their work as well as shoulder community and business management ( Baym, 2015 ; Galuszka and Brzozowska, 2017 ; Kribs, 2016 ). While neoliberal ideologies shift risks and responsibilities onto individuals, the success of cultural entrepreneurs depends on how well they individually build and leverage collective creative networks, using favours, unpaid portfolio work and ‘do it yourself’ (DIY) labour to generate buzz and draw attention to their work ( Scott, 2012 ).…”
Section: Cultural Entrepreneurship Sustainability and Markers Of Indie Successmentioning
confidence: 99%