Wednesday, 27 August 2008

Bandstocks - invest in bands

http://www.bandstocks.com/

Not a new idea (similar to 'slice the pie' and others) but one of the most polished offers out there. Enables bands to have a much closer and deeper relationship with their fans.

The Guardian says: "Bandstocks will let the public buy a stake in an artist in £10 increments. Once funding reaches a preordained level, for example £100,000, the money will be released for the act to record an album.

Investors will get a copy of the album, a credit on the CD sleeve and a percentage of the profits from its sale and licensing. They will also get priority ticket booking and the opportunity to buy limited edition releases. For the artist, founder Andrew Lewis claimed that Bandstocks would offer a better return than a major-label deal, as well as more freedom and control over copyright."

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