Over the last 3 years Music has become the second most popular fan funded category on Kickstarter, with $38 million donated. [Film/video leads with $60 million] 7,545 music projects have been successfully funded at an average financing of $5140.
The largest ever funded music project was $207,980 for rock band Five Iron Frenzy who had set a goal of $30,000 to record a new album. Amanda Palmer is about to blast past that record with more than $200,000 donated in the first 24 hours of her new 30 day album campaign.
The New York Times recently named a project to document the New York City jazz scene set a high goal of $75,000 and raised $76,823 as an example of the transformative power of the platform.
Average financing offered for all music projects - funded or not - was $3.463.