M. Chris Johnson, writing for VentureBeat, describes Bandtastic's approach as a "modified crowdfunding model" which seems to mean that it's different from Kickstarter. But crowdfunding is a key element in their mix of tools:
"A concert is proposed and voted on in Facebook, Bandtastic calculates the expected all-in cost of the concert, and if enough fans buy a ticket, it’s on. If not, customers’ money is returned and the concert doesn’t happen. Venues thus know they will have a full house, bands get paid, and fans get their music."
SOURCE LINK to full article: http://www.hypebot.com/hypebot/2012/09/bandtastic-joins-concert-crowdfunding-miniboom.html?utm_source=hypebot&utm_medium=twitter