Australia has a new crowd-funding platform that targets its energies on music campaigns.
ZoshPit has launched in a marketplace which has already delivered some success for the likes of creative industries platform Pozible, while PledgeMusic has a team on the ground Down Under, with former Shock Entertainment exec Scot Crawford recently appointed GM for the Australian and New Zealand territories.
The upstart ZoshPit, however, has its focus narrowed on music — a first-of-its-kind for Australia.
The company, which has offices on Australia’s west coast (Perth) and east coast (Noosa), is keen to become a one-stop marketing solution for music makers.
It promises to fund any music-related project such as producing an album, putting on a gig, or filming a music video. “Our fees are minimal at 5%, but it’s not necessarily about making money,” ZoshPit co-founder Julian Chong tells Billboard.biz. “We really want to focus on music and give artists and fans the best experience we can.”
ZoshPit also allows artists to upload and sell tracks commission-free, other than the PayPal charge. Currently, those sales don’t count toward the official ARIA charts, though Chong notes this is something they’re keen to solve in future.
The team behind ZoshPit have backgrounds are in tech, social media, web design, sales and marketing, explains Chong.
Though its currently focused on Australian artists, anyone is encouraged to support ZoshPit’s projects.