Public Enemy Relying On Fans To Record New Album
Posted by Aaron Mayagoitia on 10.06.2009
Want a new album? Pay $250,000 then...
Public Enemy's new album will be funded by fans. The rap group has signed a deal with SellaBand, a fan funding engine, and are aiming to raise $250,000 in increments of $25 in order to record and release an as-yet-untitled album.
Fans who invest in the project will receive a share in the revenue of the album and a numbered copy of it.
"SellaBand's financial engine model goes about restructuring the music business in reverse," Public Enemy's Chuck D explained. "It starts with fans first, then the artists create from there. The music business is built on searching for fans and this is a brand new way for acts to create a new album with fans first, already on board."
Posted By: Foolio (Guest) on October 06, 2009 at 07:49 PM
Dumb Move, Chuck. Dumb Move.
Posted By: shone jones (Guest) on October 06, 2009 at 07:52 PM
$250k? That's a lot of crack. $25 says you won't see any return on your money.
Posted By: ausjimmy (Guest) on October 06, 2009 at 08:25 PM
Do they offer a money back guarantee if the record sucks?
Posted By: Guest#4584 (Guest) on October 06, 2009 at 08:32 PM
HAHAHA. As IF any fan will see a fucking DIME of that. And mixing, mastering and recording studios don't cost $250k unless there's some shady business going on.
Posted By: Alcoholic (Guest) on October 06, 2009 at 09:23 PM
DON'T BELIEVE THE HYPE!
Posted By: BOB (Guest) on October 06, 2009 at 09:37 PM
This is by far the dumbest move I've ever heard a recording artist do. ever.
Posted By: Josh (Guest) on October 06, 2009 at 11:02 PM
I saw them live at Bonnaroo this year, they still got it!!! My $25 is going there way just to get another record out.
Posted By: Guest#5105 (Guest) on October 08, 2009 at 11:46 AM
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