In a Discovery-News.com interview, co-founder Matt Siegel describes Indaba Music as "a website that allows musicians to collaborate with each other, no matter where they are in the world."
The concept is not new, and many have struggled to market similar solutions in the past, including Rocket Network and ProTools. Most competitors focus on live collaboration (jamming) or remixing, while Indaba seeks to improve traditional, asynchronous multitrack recording. Indaba has taken the lead among pro and semi-professional musicians by combining social networking with a web application that allows users to mix and edit audio in their browsers.
There are currently over 75,000 registered users from 150 countries, including many talented session musicians. Indaba encourages participation through frequent contests and crowd-sourcing in partnership with indie bands and labels. If it continues to grow in membership and quality, Indaba has the potential to compete with traditional record labels through its cooperative, grass roots approach to creating music.
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This seems to be a good move by the music community to break the shackels of the Big Record Companies. Internet has created such a world without barriers that people can work together without being together. It is high time this innovation came to the music industry and I am glad that it has finally come. I know that many of the musicians in underdeveloped countris would be happy to hear about this. To have a stage as big as the world to perform in should be big motivation to all aspiring musicians around the world. Thanks for the post.
Thanks, Chanchal
The music industry is currently in a time of turmoil, as new business models are competing against the old ones. About a year ao, David Byrne, the leader of the Talking Heads wrote a nice article on this topic:
http://www.wired.com/entertainment/music/magazine/16-01/ff_byrne?currentPage=all
When you look at the business proposition of Big Record labels, you can see a void that Indaba Music fills. Musicians spend their lives trying to make it rich, when in reality Big Record labels are less likely to give big financing to up ad coming musicians. They now have to fund themselves and get a big enough fan base for the big record labels to pay attention. Jay-Z was the first to break this mold, but now the music industry has shifted from a reliance on record companies to a reliance on grassroots support for new musicians. This is a tool for them to gain that support without spending much money.
Thanks for the topic Eddie. I am really interested to know the monetization model for the music that is eventually produced, who gets copyrights, and how the parties maintain control over the finished product. We have all heard tales of tempermental artists and trouble maintaining synergy within the traditional band format. It will be very interesting to see if these problems are transcended or magnified in this new format. With a new music model, will come a whole host of new challenges, but I think it is definitely a step forward for the fans and the artists.
from my learning from facebook, i would think about the more creative way for this kind of website. for example, the cooperation with the social media website like facebook could be a great way as to allow the musician more interactive with others and especially their friends as well as for the social website to provide more option for their users. the win-win way for both website by combining their strengths together...