So I got to thinking about how Arian Foster, star running back of the Houston Texans NFL team, recently announced he would have an IPO on himself for the average person to purchase stock in him, his performance on the field, advertising deals, etc.
Bands could do the same thing, except they could crowd fund through the bitshares idea. Those purchasing shares in the band would be supplying the band with capital to record, tour, buy equipment, etc., and would receive payouts as the value of the band grows.
Also, those who purchase shares would have access to all music the band records, but maybe should be limited to those who own stock in the band. Maybe set a low floor limit of shares that needed to be purchased to have access to the music (could be really small, since bands make more money off touring than actual music sells), but as you own more stake in the band, you get more access to band goodies, like discount live tickets, merch, etc., special access to live performance libraries, or even meet-and-greet opportunities.
I think there would even be a way to preclude those who do not own stock in the band at all from accessing the music by implementing a private key/colored coin type of idea on the actual music files. I'm not entirely certain how it could be implemented, as I only have a loose understanding on the smart property/colored coin ideas, but surely there is a way. It would be important to
All of this could go hand in hand with a DAC that supplied the music, merch, tickets, and other goodies. It would be a way that bands could essentially eliminate all middle men involved in the recording industry today. All of the fees bands pay could now be substantially less, and instead of being paid to middle-men, could be paid straight to the bands supporters.
I know this isn't a very technical explanation, but I think it can happen, and would like to be a part of the implementation if anyone thinks it can be done.
Thoughts?