According to Billboard.com, QUEENSRŸCHE is offering fans an opportunity to buy an ownership stake in a company that will entitle them to “a fixed percentage” of future revenue generated through the band’s merchandise and record sales.
QUEENSRŸCHE is attempting to raise $2 million, with a minimum investment of $50,000 giving those fans who who pass an independent accreditation process a chance to “actually own an equity stake in the band,” attorney Marc LoPresti of LoPresti Law Group, who helped QUEENSRŸCHE establish the LLC, told Billboard.com. “There is nothing that they do as a unit as QUEENSRŸCHE that the fans that invest will not be a part of.”
LoPresti added that the band is “hoping that [they] will engage more people instead of less, because for the guys, it’s about the music and it’s about the fans.” The money that is generated will give the group “the flexibility to do a lot of things,” said QUEENSRŸCHE drummer Scott Rockenfield, who said that he and his bandmates are working on “a lot of big-picture stuff,” such as “touring and being able to present ourselves in bigger ways.”
A separate PledgeMusic campaign has been launched that focuses on raising funds for the recording of QUEENSRŸCHE‘s next album, tentatively due in early 2015.
QUEENSRŸCHE‘s latest, self-titled album sold around 13,500 copies in the United States in its first week of release to land at position No. 23 on The Billboard 200 chart. The record arrived in stores on June 25, 2013 via Century Media Records.
Source: Blabbermouth
