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Set.fm Raises $1.2M To Help Artists Record and Sell Live ... - Hypebot

Set.fm Raises $1.2M To Help Artists Record and Sell Live ... - Hypebot | Music Studios | Scoop.it
(UPDATED) Set.fm today announced a $1.2 million seed funding round led by Golden Venture Partners of Toronto. The free app and site, which helps artists record generate additional revenue from live performance, also ...
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This is a continuation from the article about Set.fm. This article goes into how much the artists make through the live recordings they do and how people can purchase it.

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Digital Music News - What If I Told You the Concert Industry Is Now Bigger Than the Recording Industry...

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This states that live performances and recordings are bringing in more money than that of a studio. That people are starting to prefer live audio.

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Set.fm Raises $1.2M To Help Artists Make Money By Selling Instant Live Recordings | TechCrunch

Set.fm Raises $1.2M To Help Artists Make Money By Selling Instant Live Recordings | TechCrunch | Music Studios | Scoop.it
Anyone who's ever aspired to be a professional musician (my 12-year-old self included) knows that it's a tough lifestyle with little guarantee of financial security.

Via Pierre Priot
Matthew Dorsky's insight:

Set.fm has created an app that allows artists to record their live performances and sell it seconds after the show has ended. Set.fm will take the recording from the soundboard, convert it into analog, then covert it into digital and metadata all in real time. 

 

Pro's: This allows a lot of indie bands that want to do it themselves bring in more income. It allows fans to instantly download the bands live performance seconds after the show has ended, as well as, support them. The indie bands don't have to pay for expensive equipment to record live performances.

 

Con's: The bands only gets a certain percentage of the income. People are starting to move away from studio recordings therefore making work for studios decline. 

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Pierre Priot's curator insight, September 5, 2013 11:26 AM

I remember the Pixies doing this 10 years ago on their reunion tour.

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The Business of Live Performance

The Business of Live Performance | Music Studios | Scoop.it
Live performance is glamorous and exciting. But performers often forget that club owners have a different perspective on music than musicians do.
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Live performances are taking the music industry to a whole new level. It opens up ways to make more income doing many different things such as live performance cd's.

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Live Recording Vs. Studio Recording

Live Recording Vs. Studio Recording | Music Studios | Scoop.it
I want to take some time to discuss recording live versus recording in a studio. It’s difficult for most performers to give their best performance to the lens
Matthew Dorsky's insight:

This compares live recordings to studio recordings. It states that artists sometimes have a better performance on a live recording rather than a studio recording, because the artists can feed off the audience's energy.

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