Meet the Company That’s Paying Artists $9.99 Out of Every $10

[Archiee]

Feedbands has a hair-brained plan that mixes cryptocurrency, crowdsourcing, and a vinyl subscription service.  Amazingly, it’s actually working for artists.
DMN is proud to be partnering with Feedbands as they grow their artist-focused concept.  And if you’ve ever wanted to sell your music using crypto, Feedbands is a great place to start.  Here’s what this company is building.

The music industry is booming back to life.  But the recovery for artists has been a little disappointing — if it can even be called a ‘recovery’.  Earlier this month, Spotify’s founders and investors become overnight billionaires.  But artists with millions of followers on the platform are still struggling to make ends meet.

The good news is that there are still people trying to solve this giant problem.  And some promising new models that are just getting started.

If you haven’t heard of Feedbands yet, you might want a take a look at what they’re doing.  Headed by Graham Langdon, the Asheville, NC-based company is combining vinyl subscription, crowdsourcing, cryptocurrency, streaming, and downloads into a potentially lucrative platform.

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The best part is that the payouts to artists are extremely favorable.  According to the company, 99.99% of the earnings on a release go back to the artist — so effectively, $9.99 on a $10 album.
It’s a bit of a crazy, mad genius-y model that might actually make sense in the end.  “We love Spotify, but we really want to figure out how to get artists paid,” Langdon told Digital Music News.  “Nobody has figured out how to get artists paid — the artists are still getting nothing.”

Even worse, the fastest-growing platforms, like Spotify, Apple Music, and Amazon Music, aren’t solving the problem.  So Langdon decided to focus on two areas that could benefit artists the most: vinyl and cryptocurrency.