Final Answer:
Raising funds by soliciting fans and complete strangers online to finance an album project is feasible today because the costs for recording music have been drastically reduced thus option C is correct
Step-by-step explanation:
The feasibility of raising funds online for album projects is primarily attributed to the drastic reduction in the costs of recording music (option c). Advancements in technology and the widespread availability of digital recording equipment have significantly lowered the barriers to entry for musicians. Traditional recording studios were often expensive to rent, but now artists can create high-quality recordings at a fraction of the cost using home studios and digital tools.
This development has democratized the music industry, allowing independent artists to access the recording process without the need for major label contracts or substantial financial resources. The crowdfunding model leverages the direct support of fans and strangers online to fund projects, including album production costs. While major labels may still play a role in the industry, independent artists can now navigate the landscape more independently, thanks to cost-effective recording options.
In conclusion, the reduction in recording costs has transformed the economics of the music industry, enabling artists to engage directly with their audience for financial support. Crowdfunding platforms provide a channel for artists to raise funds from fans and strangers alike, making album projects feasible without solely relying on major labels or expensive recording studios.