THE GRAMMY FOUNDATION(R) ENTERTAINMENT LAW INITIATIVE 2009 WRITING COMPETITION: EX ANTE CROWDFUNDING AND THE RECORDING INDUSTRY: A MODEL FOR THE U.S.? Skip over navigation
LexisNexis® Browse Law Reviews and Treatises
Skip over navigation
Sign in with your lexis.com® ID to access the full text of this article.
-OR-
Order the full text of this article if you do not have a lexis.com® ID.
 
Price: 
US $22.00 (+ tax)
 
 

Copyright (c) 2009 Loyola of Los Angeles Entertainment Law Review
Loyola of Los Angeles Entertainment Law Review

THE GRAMMY FOUNDATION(R) ENTERTAINMENT LAW INITIATIVE 2009 WRITING COMPETITION: EX ANTE CROWDFUNDING AND THE RECORDING INDUSTRY: A MODEL FOR THE U.S.?

2008-2009

LOYOLA OF LOS ANGELES ENTERTAINMENT LAW REVIEW

29 Loy. L.A. Ent. L. Rev. 375

Author

Tim Kappel*

Excerpt

I. Introduction

Notwithstanding the recession, Barack Obama's campaign raised nearly three-quarters of a billion dollars largely in small amounts over the Internet. 1 The campaign's ability to mobilize and monetize supporters using the Internet is often cited by pundits of all political stripes as a principal factor in Obama's victory. 2 If nothing else, Obama's fundraising figures are evidence of people's willingness to give financial support to someone they believe in - sometimes referred to as "crowdfunding." 3 This article distinguishes "ex post facto crowdfunding," where financial support is offered in exchange for a completed product, from "ex ante crowdfunding," where, as in the Obama example, financial support is given on the front end to assist in achieving a mutually desired result.

Although commonplace in politics, crowdfunding is by no means limited to the political realm. Indeed, the concept of crowdfunding has been expansively described as "the act of informally generating and distributing funds, usually online, by groups of people for specific social, personal, entertainment or other purposes." 4 The ex ante crowdfunding method of capital formation has been increasingly used in the entertainment industry by independent filmmakers, artists, writers, and performers to bypass traditional keepers of the purse. 5 In return, financial contributors typically receive "patronage perks" such as use of their name in the film credits or album liner notes, advanced autographed copies of the work, or backstage access at a performer's show. 6 In the recording industry, more complex forms ...
 
 
If you are interested in obtaining a lexis.com® ID and Password, please contact us at 1-(800)-227-4908 or visit us at http://www.lexisnexis.com/.
Search Documents
 
eg., Environmental Insurance Coverage Under the Comprehensive General Liability Policy
 
 
 
 

Lexis® Web - The only search engine that delivers free web content specifically from legal sites validated by LexisNexis® attorney editors and includes tools for faster research and more relevant results.

 
LexisNexis Store
Research Now - Go to lexis.com
Connect the Dots - Free 1 hour webcast
Share. Network. Discover. - Go to LexisNexis Communities