Prefunded, crowdmanaged music festival

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We've already written about a number of efforts to crowdfund and crowdmanage music bands, and now in Scotland a crowdmanaged music festival is in the works that was prefunded by a local brand. Last week Tennent's Lager launched Tennent's Mutual, a new music venture that will ultimately result in a live music festival this fall in which fans select artists, debate locations for gigs and call the shots on ticket prices. To kick off the effort, Tennent's created a start-up fund of GBP 150,000. Fans who sign up before June 30th will be given founder member status and the right…

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