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My Major Company Mixes Traditional Record Label A&R With Crowdfunding

December 8th, 2010 12:08 admin Leave a comment Go to comments

Described as a fan-funded record label, My Major Company has launched in the UK with a mix of traditional A&R and crowdfunding.

It differs slightly from similar sites, such as Sellaband or the UK’s Slicethepie, in that the acts featured on the site are sourced by the startup’s own talent spotting department first. In addition, fans who choose to invest are essentially buying shares in any future profits made from the artist’s launch campaign as a whole (physical and digital music sales, merchandise, tours etc.), which My Major Company oversees, should they raise the £100,000 stipulated to get off the ground.

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Source: My Major Company Mixes Traditional Record Label A&R With Crowdfunding

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