On first glance, SellaBand looks like a very interesting and rather charming concept in crowdsourcing the financing of a band’s/artist’s recording.
The main How it works page looks promising: “No Strings Attached. At all times during the SellaBand program, you are free to leave”.
However after reading through some additional details on other pages, one finds out a significant publishing rights component: “for the songs you will record with SellaBand you must sign a Publishing Agreement with SellaBand.” And the publishing agreement (pdf) contains “The Artist shall exclusively transfer the music publishing rights in relation to the Works to SellaBand.”
So it looks like as an artist, you can leave, but the rights to your songs are signed over in a publishing deal.
And the way I understand the materials on the web site, the “believers” / investors do NOT get any cut of the publishing revenues, while SellaBand gets a good chunk and the producers of the CD get some as well.
Am I the only one, who feels like someone is trying to sneak something by artists as well as “believers”/investors?
Some of the founders have considerable roots in the traditional recording industry.
Let me put it very mildly: Given the observations outlined above, I do not find SellaBand an attractive proposition as an artist or “believer”.