Singer launches career on eBay

This is something new for the music industry. [via BBC]

"A young Indian singer has managed to raise enough money to release his debut album by selling shares in his future royalties on the internet site eBay.

Shayan, who writes his own songs and plays piano, took five years to get his debut album Deliverance recorded and released, financing the whole project by selling shares in himself on the auction website.

"I kind of understood how the industry worked in terms of the royalties scheme, so I put up an auction as an individual saying that if you invest £3,000 in me, I'll give you a quarter percent of my life's earnings in music.

"Who would have thought that in a week's time, I would have got three people to invest £9,000."

emily | 11:22 AM | Fun |
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