# Crowdfunded Music Festivals The Soundwave Festival Seeks Sponsorship Funding Online By Jana Pijak | Published 2016-01-21 | Marketing Source: Trend Hunter, https://www.trendhunter.com/trends/soundwave-festival References: [ripitup.au](http://ripitup.com.au/music/soundwave-replacement-festival-launches-crowdfunding-campaign) The Soundwave Festival is a music event that is currently seeking sponsorship after a bankruptcy last year. While crowdfunding platforms like Kickstarter and Indiegogo have been used to make tech and design projects a reality, this rock music event is being advertised with a Pozible campaign. Soundwave Festival was a popular concert series that profiled punk rock acts but ended due to a lack of funding. An attempted resurrection of the music festival is currently underway with help from sponsors and a Pozible campaign that hopes to result in donations from fans. While the relaunched event may be more low key than past instalments, its crowdfunding campaign makes the concert series a reality for punk fans who were sad to see it go while cutting organizers' costs in the process. ## Trend Insights (Trend Hunter) - Score: 1.2/10 - Popularity: 10% | Activity: 19% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America, Europe, Asia ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Marketing](https://www.trendhunter.com/marketing) ## Key Themes ### What Makes This Trend Stand Out - **Crowdfunded Music Festivals:** Opportunity for music festivals to secure funding through online crowdfunding platforms, reducing financial risks and involving fans in the process. - **Reviving Bankrupt Events:** Potential for bankrupt events to be revived through sponsorship and crowdfunding campaigns, allowing organizers to overcome financial setbacks and bring back beloved experiences. - **Pozible Campaigns:** Emergence of Pozible campaigns as a viable crowdfunding option for music events, offering a dedicated platform for fans to contribute and make concerts happen. ### Sectors Adopting This - **Music Festivals:** Disruptive innovation opportunity for music festival organizers to embrace crowdfunding as a means to secure financial support and engage with their audience. - **Sponsorship:** Potential for sponsors to support bankrupt or struggling events through partnerships and funding, creating positive brand associations and reaching targeted music enthusiasts. - **Crowdfunding Platforms:** Opportunity for crowdfunding platforms like Kickstarter and Indiegogo to expand their presence in the music industry by catering to the specific needs and demands of festival organizers and fans alike. ## Related on Trend Hunter - [Sustainable Public Festivals](https://www.trendhunter.com/trends/cloud-9-festival.md) - [Sustainable Music Festival Campaigns](https://www.trendhunter.com/trends/no-tent-left-behind.md) - [Music Ticketing Campaigns](https://www.trendhunter.com/trends/fix-tixflation.md) - [Phone-Free Festivals](https://www.trendhunter.com/trends/phonefree-festival.md) - [Upgraded Crowdfunding Platforms](https://www.trendhunter.com/trends/kickstarter-late-pledges.md) - [Metaverse Music Festivals](https://www.trendhunter.com/trends/kids-relief-music-festival.md) - [Island-Style Lager Activations](https://www.trendhunter.com/trends/kona-big-wave-partners.md) - [Dynamic Miniature Music Stages](https://www.trendhunter.com/trends/future-fan-stage.md) - [Culture-Focused Crowdfunding Campaigns](https://www.trendhunter.com/trends/ntd-international-competitions.md)