By Rhodri Marsden

Need help producing your new album or financing a film? Just ask someone you’ve never met to stump up the cash. ‘Crowdfunding’ is taking the web by storm, says Rhodri Marsden

January saw the recorded music industry announce another set of grim figures while waving a white handkerchief. An International Federation of the Phonographic Industry report showed that the growth of digital music halved over 2010, with its chief executive, Frances Moore, stating that digital piracy remains the biggest threat to the future of creative industries.

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