Summary
There can’t be many of you that are yet to hear about the phenomenal response to Double Fine’s Kickstarter project. Tim Schafer’s company asked individuals to chip in various small amounts via the Kickstarter website in order to reach a projected development cost so they could make a new point-and-click adventure game. The project hit its target in just over eight hours and broke a million dollars in less than 24 hours. Crowdfunding, it seems, is going to make that project a reality.
Description
In the UK it’s currently illegal to crowdfund projects. That’s something which UKIE, the entertainment industry trade body, aims to change. They have announced today that they will be publishing a report on the 17th of this month which will highlight the changes to legislation that they think are needed to make this kind of funding possible in the UK. It’s early days, of course, but crowdfunding is not a new thing for the entertainment industry and it has been picking up pace exponentially over the past year or so.
Is Crowdfunding the Future of Journalism?document
Crowdfunding Could Support Civil Rights Reportingdocument
Change Crowdfunding Lawblog
Scred: Open accounting and meaningful banking for communitiesdocument
Posted by Benjamin Fossel