London
- A new U.K.-based venture called Bandstocks allows consumers to invest in a
promising artist's recording, and receive a cut of profits from the resulting
album's sale and licensing, the Guardian reported. Once enough Bandstocks
visitors purchase $19 stakes in a band, the funds are released for recording. The
model is very similar to one launched by Netherlands-based Sellaband in 2006.
Bandstocks is backed by music manufacturing and distribution firm The Vinyl
Factory, and the founders of record label B-Unique, home to artists including
Primal Scream and Kaiser Chiefs.
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