Wednesday, October 07, 2009

Public Enemy attempt to raise $250,000 recording costs through Sellaband

Public Enemy are bypassign the established music industry and raising the recording costs for their new album themselves through Sellaband, a site that lets bands sell stakes in their new works.

PE are looking for 10,000 people to each pay $25 (although people can also buy multiples of $25). Investors will receive a special version of the CD, plus a share in any profits.

It's great to see a mainstream (ish) band try to do this - the widget above will track the level of money raised.

More at The Guardian

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