Public Enemy Raising Money from Fans on SellaBand
Wednesday, October 7th, 2009
Pubic Enemy is the first established act to sign with SellaBand, the fan funding platform for music artists. SellaBand will facilitate the fan funding process for Public Enemy’s new album with the band aiming to raise $250,000 in increments of $25.00. Fans who invest in Public Enemy will receive an exclusive, numbered copy of the album and share in the revenues from sales of the record.
“SellaBand’s financial engine model goes about restructuring the music business in reverse,” says Public Enemy front man Chuck D. “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.”
The news follows an earlier press release from SellaBand announcing an improved and more accessible fan funding platform for independent artists, which I wrote about here.
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