Fractional Ownership News
Help yourself to a piece of the music industry with Slicethepie
If you're in a band and dreaming of rock stardom, your hopes of one day signing a deal which entitles you to live it up on record company expenses are probably taking something of a hit; as you watch record labels laying off staff and slimming down their rosters in the face of profit slumps, supposedly caused by filesharing.
While the DIY music scene is undoubtedly thriving – there are dozens of music-focused social networking sites connecting bands with audiences – though raising funds to make and successfully promote an album through conventional channels, requires hard cash injection.
Slicethepie has introduced a model where funding is raised by the site’s users, who can then become investors by signing a piece of an artist to their own label and sharing in the financial success of single and album sales.
Slicethepie are delighted to be involved in the Fractional Life Expo 2008, providing live music performances from a selection of their financed artists, across the 3 day event, and offering some exciting investment opportunities to attendees.
CEO David Courtier-Dutton commented:
“We share a similar concept to that of Fractional Life, allowing all users fractional ownership and asset sharing of dynamic up and coming music. Slicethepie democratises the current industry model, enabling fans, artists and investors alike to make money together”.
This year Slicethepie estimates that more than 30 unsigned acts will be financed to make their album via their site – more than EMI, SonyBMG or Warner Music achieved last year.
The partnership includes joint PR and promotional activity on the run up to and during the Fractional Life Expo 2008, 28 – 30 April, Broadgate Event Venues, City of London.
For more information log onto http://www.fractionallifeexpo.com, http://www.slicethepie.com






