A new scheme allowing fans to invest in artists of their choices has been launched in the UK by a record company, after success in Europe with something similar. My Major Company, started by three label scouts two years ago, lets people put as much money as they want on a band from the website in the hope that they'll 'make it'.
Once a band reaches £100k in investment, they will be able to record and release an album to a professional standard while the label, artist and investors get revenue back.
Find out more information on the My Major Company website. An article on this from The Sun can be read HERE.
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