Wikipedia
Crowdbands is a record label and online community that allows members to run the company through a democratic voting process regarding corporate and band presentation and marketing decisions. To begin with, featured bands will be established "internet savvy alternative" bands that are not signed to a label.
Members of the site receive and become eligible to make decisions along with other members of the community regarding all aspects of the company and running the business. Members pay twenty-five dollars per year membership fee and will help make creative decisions with the bands and will receive free artist's albums and access to members-only events. Crowdbands has a goal of featuring eight to ten artists per year with a projected membership of 20,000 to 30,000 members.
Crowdbands was co-founded by Peter Sorgenfrei and Tom Sarig, who is the current president of Esther Creative Group and a former senior A&R Executive at MCA Records, TVT Records, Arista, and A&M.
The first band signed to Crowdbands are The Donnas. The Donnas are now in the demoing process for their ninth album, which will be released through Crowdbands before the end of 2011.