QUEENSRŸCHE To Perform At Wacken Open Air For First Time Ever In 2015
December 25, 2014, 9 years ago
Queensrÿche vocalist Todd La Torre has checked in with the following message to the fans:
"Queensrÿche is playing Wacken! This will be the very first time for Queensrÿche to play this festival, ever."For a BraveWords review of Wacken 2014 visit this location. For more information on the world famous festival click here.
As previously reported, Queensrÿche is giving fans a chance to share in profits that the band generates through such avenues as merchandise and record sales. During a recent interview with National Rock Review, found below, they discuss the new venture:
For a minimum investment of $50,000, fans who pass an independent accreditation process can purchase an equity ownership stake from a private consolidated holding company that entitles them to “a fixed percentage” of future revenue, according to attorney Marc LoPresti of LoPresti Law Group, who helped Queensryche establish the LLC.
In a new interview with Seattletimes.com, LoPresti says that “it’s a first” in the music world and “if it’s successful, which we expect it to be, we may do it again with other bands.”
LoPresti says the stock sale is a way of replacing a record label’s role in bankrolling and controlling a recording-and-touring effort.
“Traditionally, a band would not go into their personal pockets to do so. They would go to Capitol Records” or the like, which would dictate the project and give them an advance but “also take a huge swipe of the money,” he says. “By disintermediating the labels, we’re leaving more money on the table both for the band and people who invest.”Read more at Seattletimes.com.
