SellaBand Analysis

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Title: SellaBand Analysis

Essay Details:

Subject: Business

Author: Darren S

Date: October 8, 2014

Level: University

Grade:

Length: 3 / 661

Essay text:

The concept is simple: bands host their recorded songs online at the SellaBand website, fans browse artist songs, and then “become a believer” of their favorite bands based on the music they hear. A person becomes a believer by purchasing shares of a band, which cost $10 per share. Once a band has sold 5,000 shares, SellaBand arranges a professional recording studio session for the band. The $50,000 raised from selling shares is then used to produce and promote an album, in which shareholders receive a percentage of profits from albums sold. The website is enticing for both bands and fans...

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