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Amanda Palmer passes $1 million in Kickstarter funding
By CMU Editorial | Published on Wednesday 30 May 2012
Amanda Palmer passed the $1 million mark in her Kickstarter fundraising campaign yesterday afternoon, just over two days shy of the campaign’s deadline tomorrow. Last time I checked she’d actually topped $1,040,000.
As previously reported, the former Dresden Doll has been raising money from her fans – by taking pre-orders for future work and selling premium packages including backstage doughnut eating sessions and house parties – in order to fund a new album, art project and tour.
In celebration of the million dollar moment, Palmer tweeted: “WE. FUCKING. DID IT. $1,000,000 OF PURE FUTURE ARTMUSIC ASSKICKING”. She also added a link to this picture, which I think you should assume is not suitable to look at in your place of work, due to additional swearing and a large degree of toplessness. She’s raised a lot of money though, so I don’t think Amanda really needs to consider the blushes of your office mates any more.
As previously reported, Palmer initially said she was seeking $100,000 in pre-orders and fan investment – a target she reached in just six hours – though last week she outlined how, if the million dollar mark was passed, the money would be spent, admitting that $100,000 wouldn’t have even covered the costs she has already incurred to get this ambitious project off the ground.
With the costs of fulfilling the products and premium packages fans have ordered, plus other costs related to releasing an album, publishing a book and staging a world tour, not to mention fees incurred by raising money via Kickstarter, it is unlikely there will be much more than $100,000 in profits for Palmer out of the million. And even that may be eaten up in unforeseen costs, meaning the singer could actually rely on subsequent sales via more traditional routes of the music and art the project generates in order to see any cash herself.
Some have also pointed out that the American tax man may take some of the money – though quite what kind of taxes will be due, and at what level, will depend on how Palmer has structured the project in terms of companies and personal income.
