“The users of a new music business website have given the band Second Person £26,000 - but they’ll be lucky to see a return on their investment.

On a near-weekly basis we’re told that the record company is a moribund beast and the “digital revolution” has made labels as anachronistic as wooden teeth. The argument runs that the business model is broken: find an act, pay over the odds to sign them in a bidding war, throw millions at them in cross-eyed and frivolous marketing spend, watch them limp into the lower end of the charts, drop them, find a new act and repeat until the shareholders mutiny. …”

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Guardian Unlimited: Arts blog - music: Sellaband’s music business revolution won’t work