<![CDATA[Yahoo! News – Jazz Composer Nabs Grammy After Web-Only Sales:
Jazz composer Maria Schneider took home a Grammy on Sunday for her album “Concert in the Garden,” without selling a single copy in a record store.
Schneider, 44, financed her Grammy-winning album through a Internet-based music delivery service called ArtistShare that opens the financing of production to dedicated fans.
Say “goodbye,” record labels…. Artists are waking up to the fact that they can make their money back and more on their own production risk, while retaining or building revenue from performances and other sales. The labels have to start doing more and sharing more with artists or the proverbial end is nigh.
Here’s the killer quote:
“This record cost $87,000 to make. I already made my money back,” she said. “I’m not splitting the profits with the distributor, the record store and the record company. It’s working so well for me.”
]]>