Historically, there have been two music industries — the 1% enjoyed the rockstar life, while the other 99% struggled to survive. But it’s a new day. The Internet has democratized music discovery and consumption, and with it has come an explosion of alternative financing and funding opportunities outside of the traditional label/publisher system. These options include royalty investment options, to crowdsourcing, to microfinancing. This panel will explore how alternatives to label/publisher advances are leveling the playing field for artists/songwriters looking for new ways to fund their career, as well as how labels and distributors can leverage their catalog in new ways to compete in today’s digital economy.