Music Industry

LaunchALabel, $100 Label, Open Source and A Swarm of Angels

So, I've heard about LauchALabel [1], a web community somewhat simmilar to SellABand [2] that intends to coordinate people to create a label, instead of coordinate people to fund an album. The thing is, those 50.000 people that will pay $25 to create the label (against the 5.000 $10 parts needed to launch a bands' record on SellABand) will have a little few to have with the label itself: there's no plan of ROI for those "shareholders", those people can only decide five bands to release (heck, with that money you release 25 albums via SellABand), and they don't really have a stake on the labels management. The core idea was good, but with half the money it would be really easy to do a lot more...