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QUEENSRŸCHE's Attorney Expects Stock Placement Deal To Be Successful
QUEENSRŸCHE's securities attorney, Marc LoPresti, spoke to The Seattle Times about the band's attempt to raise $2 million by selling stakes in what he calls a "new holding company for all things QUEENSRŸCHE" that will receive the revenues from its tours, merchandising, album sales and digital downloads. 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. "Traditionally, a band would not go into their personal pockets to [bankroll and controll a recording-and-touring effort]," LoPresti said. "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 added. "By disintermediating the labels, we're leaving more money on the table both for the band and people who invest." QUEENSRŸCHE's stock deal utilizes a provision of the 2013 JOBS Act that allows promoters to publicize a private stock placement, though only "accredited investors" are eligible to invest. "If it's successful, which we expect it to be, we may do it again with other bands," LoPresti said. An internal board of directors comprising drummer Scott Rockenfield, bassist Eddie Jackson and guitarist Michael Wilton and band counsel Thomas Osinski will oversee the corporation. A PledgeMusic campaign, "Building The Empire", has been launched that will act as a pre-order campaign for QUEENSRŸCHE's next album, tentatively due in early 2015. Eddie Jackson, Todd LaTorre, Parker Lundgren, Scott Rockenfield and Michael Wilton are offering fans various unique experiences to bring them closer to the band than ever before. The band is offering everything from limited-edition vinyl and merchandise to the actual instruments played on the upcoming album and a chance to hang with the band in their hometown of Seattle. A video clip announcing the PledgeMusic campaign can be seen below. 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.
DRAGONFORCE's FRÉDÉRIC LECLERCQ: Rock Is 'Not Dead'
French bassist Frédéric Leclercq of British epic power metallers DRAGONFORCE has responded to KISS bassist/vocalist Gene Simmons' recent comment that "rock is dead." Simmons told Esquire magazine in September — in an interview conducted by his son Nick — that "rock did not die of old age. It was murdered. Some brilliance, somewhere, was going to be expressed and now it won't because it's that much harder to earn a living playing and writing songs. No one will pay you to do it." Simmons went on to elaborate that as a result of file-sharing and other issues, record label support for rock music was not available like it was when KISS was coming up, concluding, "It's finally dead. Rock is finally dead." Asked to weigh in on Gene's comments, Leclercq told Stay Tuned Interviews (see video below): "I don't know… I mean, it's very hard. I was actually talking to a bunch of friends of mine from my hometown, and we were talking about the fact that there's tons of festivals nowadays. And that's gonna come to an end, like, maybe in 10 years, 20 years, the formula's gonna change. So I guess music is evoving all the time, and so is rock and roll. But I don't think it's dead. As long as people still enjoy going to gigs and seeing people playing their instruments, as long as people do enjoy that sort of vibe and atmosphere, it's gonna carry on. Maybe it's gonna change. Maybe in 20 years, rock and roll's gonna be done with… I don't know… cellos and trumpets, and there will be no drums, no bass, no distortion — who knows? — but I think that the energy of a bunch of dudes rehearsing in a garage and practicing all together and they wanna play and get drunk, that's gonna exist for quite a long time. So, no, it's not dead. I don't think it is." DRAGONFORCE's new album, "Maximum Overload", was released on August 19 in North America via Metal Blade and August 18 in Europe through earMUSIC, the Hamburg, Germany-based international rock label which is part of Edel Group. The CD was recorded at Fascination Street studios in Örebro, Sweden with Jens Bogren, who has previously worked with OPETH, THE DEVIN TOWNSEND PROJECT, AMON AMARTH, KATATONIA, SOILWORK and SYMPHONY X, to name a few. It marks the band's first-ever album involving an outside producer, having historically opted to record themselves in association with Karl Groom.
Scott Stapp & Our Lady Peace…
Scott Stapp is currently broke, living out of his truck and going hungry. Wind-Up Records has stolen money from him. The IRS is after him and he has turned to Facebook seeking legal representation. Check out the video… Kinda sad… Our Lady Peace will be giving out rare b-sides and other unreleased tracks. Check ourladypeace.com […]
Release Day..
The following releases are now available: Album Releases Soundgarden – ‘Echo of Miles…‘ (A&M) – Amazon MP3
Soundgarden, Sixx:A.M. & AC/DC
Soundgarden have a hypnotic new video for “Storm“. Check it… Sixx:A.M.’s “Stars” music video is on the Interweb. Last, but not least, AC/DC have a video for “Rock or Bust“.
Theory Of A Deadman & Hinder.
Theory of a Deadman have a music video for “Angel” streaming. Hinder’s new single “Hit the Ground” on the Internet! Check it! and now, a video.
The Pretty Reckless, All That Remains, Soundgarden & …
All That Remains will be releasing their new compact disc, ‘The Order of Things‘, on February 24th! Periphery – “The Scourge“. Soundgarden are streaming the b-side “Kristi“. The band will release ‘Echo Of Miles: Scattered Tracks Across The Path‘ on November 25th. ’68 have a video for “Track 5” on the Interweb. Young The Giant […]
Paramore, Faith No More & …
Paramore will release ‘Paramore: Self-Titled Deluxe‘ on November 24th. The new compact disc includes previously unreleased music, a new version of “Hate to See Your Heart Break”, eight live tracks and a demo of “Tell Me It’s Okay”. Faith No More’s new single “Motherf##ker” is on the Internet. Stick to Your Guns have announced their […]
Foo Fighters, Smashing Pumpkins & …
Foo Fighters announced their 2015 tour plans earlier today! Tickets go on sale at the venue box office ONLY this Saturday, November 22nd with online ticket sales starting December 4th and 5th. Dates and other neat info on foofighters.com! Smashing Pumpkins will perform in Berlin, Germany on 11/30; London on 12/5; Paris on 12/6 and […]
Release Day!
The following releases are now available: Single Releases David Cook – “Wait For Me” – Amazon MP3 Slash w/ Myles Kennedy & The Conspirators – “Bent to Fly” (Dik Hayd) – Amazon MP3 The Pretty Reckless – “Follow Me Down” (Razor & Tie) – Amazon MP3 You Me At Six – “Forgive and Forget” (Prospect […]
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