Music News

Public Enemy ask fans for Album Funds

Legendary rap outfit Public Enemy has become one of the most high profile acts to search for new ways of funding. They are asking fans to raise $250,000 by investing in $25 shares which will pay for a new album. Buyers will get a numbered copy and a share in the profits, and it’s all being done through a company based in Amsterdam called Sellaband. Chuck D explained a bit about why they’ve gone this route: "SellaBand's financial engine model goes about restructuring the music business in reverse. 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."

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