http://www.independent.co.uk/arts-entertainment/music/news/carl-barat-dances-to-venture-capitalists-tune-2227591.html
I'm not a fan of the Libertines but this is an interesting article. To quote:
""That was like performing on Dragon's Den," says Carl Barat after perhaps the strangest gig that the Libertines frontman has ever played.
He has just entertained an elite crowd of 20 venture capitalists in a swanky Soho hotel, who are considering whether to invest their hard-won millions in him. The singer performed after the "dragons" had listened to a presentation by the chairman of Power Amp, an investment firm specialising in the music industry, which is offering a tax-efficient opportunity to back a select number of established artists."
If you add investment in PR and Marketing plus tour support to the DIY distribution channels things get really interesting. With investment you have no need for labels even if you want to compete at the highest level as long as you and your team as an artist know what you're doing or are smart enough to employ people who do.
Every day I see less and less reasons why anyone would want to sign to a label.
This a photo by my friend Tim (@kalyr) from the gig on Saturday night:
4 comments:
Hi Matt, have you heard about this other way of bands getting finance for recording sessions. The fans invest. I heard it was coming to the States, but was already doing well in UK and Europe? https://www.sellaband.com/en/pages/about_us Seems like an interesting concept.
Here is another take on it from the investor point of view. http://www.prweek.com/news/737356/CAMPAIGN-SellaBand-enabling-fans-invest-new-music/?DCMP=ILC-SEARCH
This gives you a bit more than Sellaband and they have already gone bust once :)
Pledge music looks cool thou :)
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