Business Model Innovation in the Arts

The Economist: Musicians are finding clever ways to pay for the tools of their trade (premium content)

This is an article I read back in 2006 but somehow failed to post about until now. I remember being particularly interested in this article because of how musicians have managed to utilize a technique in raising fund–one that you usually only see in corporate arenas–into their practice. And I suppose it begs the question, who was the first to think of doing this? And what was the thought process that brought it about? Was it just an accident or deliberate? I probably will never know the answers to this, but wouldn’t it be interesting (and, I would imagine, vastly valuable) if I did?

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