Since there is such a big remix and cover culture here, I'm assuming this is the ideal place to get input for the following: we're a small bunch of musicians based in Europe trying to pull out a new musical entity entirely based on co-owning songs. Basically, we describe ourselves as an "open-label" or "open-band"; the project is called Eucaryote and you are free to cover, remix, perform or create music under this name.
We're really hoping to gather people who've left their dreams of rock-stardom behind but rather care about music and want it to be free (of format, of its industry etc...) so this can become a real attempt at creating an open-source music model. We feel this is a natural progression for all labels.
Although the music you'll hear from us now is chip-based, we're about true musical exploration and hope to gather very different sonorities.
As we're just starting, our current model for releases is that each song is a podcast which will update every time a new version of the song is added. You can see this in action on our test-site here: www.eucaryote.org - your contributions will be added and marked as new song modules - see example here: http://www.eucaryote.org/myspace/Myspace_hdr.png so the song artwork will also grow visually.
That's it; please get in touch with us at firstname.lastname@example.org and don't forget to ask tons of questions!