Friday, November 14, 2014
Music Business/Law Tips - "A Piece Of A Legend"
An interesting new business model has cropped up whereby a famous band will offer investors a chance to invest in the band and own a piece of that band's future earnings. This mostly applies to veteran acts that are not currently on the charts as a way for them to supplement their income in leaner financial times. An example of this is the band Queensryche who recently made a private offering to interested investors who for a minimum investment of $50,000 will receive a percentage of the band's future entertainment income (i.e., merchandise, CDs, etc.). Be on the look-out for more classic acts to offer this option, which is cool for music fanatics with some spending cash who want to really be close to their idols and possibly make a few dollars at the same time. Ben McLane Esq benmclane.com