If I had money to invest, I’d consider it.
The only money I have, I need to invest in Ramen.
Did I ever mention you can buy a GSA tee shirt?
Anyways, so, yes, 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.
The band is attempting to raise $2 million, with a minimum investment of $50,000 giving those fans who pass an independent accreditation process a chance to “actually own an equity stake in the band,” attorney Marc LoPresti of LoPresti Law Group.
“There is nothing that they do as a unit as Queensrÿche that the fans that invest will not be a part of.”
LoPresti claims 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 drummer Scott Rockenfield, adding the band’s 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 kicked off, to help raise funds for the recording of Queensrÿche’s next album, tentatively due in early 2015.
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