Today, there’s no denying listening to any music is free, not just the one happening on the radio or on some tv channels. But with such freedom and diversity, has our curiosity developed as much as the musical offering?
Crowdfunding, before it began being a trend and a noticeable phenomenon impacting the music industry, was a common issue. Described as the financing of a project without intermediaries – but rather individuals giving directly – this type of funding has existed for a long time. From a small village building an equity to acquire agricultural tools in the middle ages, to wells in order to obtain sustainable water in Africa, crowdfunding is far from being a new thing. What’s new, however, is the model Internet enabled crowdfunding to have, and a newfound interest in financing something unusual on a large scale : music.
The first severe attack against the Music Industry’s business model originated from Napster. Created 15 years ago, in June 1999, the peer-to-peer program soon became the majors’ biggest enemy, and the Majors’ attorneys went on a hunt for Napster’s creator fairly quickly.
But that wasn’t where it started. Before P2P was even created as a filesharing service, piracy was already a concern, but somewhat limited. At the beginning of a wonderful, free music landscape, was the tape.