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subscription-based crowdfunding

a financing model where backers making recurring donations to a person, usually an artist, to support their work or their various projects

Note: This is contrary to typical crowdfunding where backers make a one-time donation within a specific campaign period to fund a project.

Context: There are two leading examples of subscription-based crowdfunding: Patreon (patreon.com) and Subbable (subbable.com). Launched in May 2013, Patreon “lets fans support their favorite creators by becoming patrons. Unlike other fundraising services, which raise for a single event or project and for a limited time campaign, Patreon is for creators who create a stream of smaller works.” Similarly, Subbable is “a subscription service that allows audiences to connect with and fund the creators they love in a sustained, ongoing way.”

Source: Anon, « The Subscription Model of Crowdfunding », Fonds des médias du Canada, consulté le 3 décembre 2016. URL: http://crowdfunding.cmf-fmc.ca/regulatory_updates/the-subscription-model-of-crowdfunding

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