Rock Band Takes the Music Industry Into Their Own Hands
Is This the Future for the Music Industry?
For the past year, indie rock band, Ten Year Vamp has been asking their fans to become actual owners of the record label that will release their first full length album early next year. In a ground-breaking move to bypass the music industry, the band will be distributing their profits to their “shareholders” who have funded the album. Already, Ten Year Vamp fans have invested over $25,000.
“Each owner will receive their fair percentage of the CD sales based on how much they invested,” says Mark Rose, co-founder and rhythm guitar player. “But that’s not all they get,” says Debbie Gabrione, co-founder and lead singer.
“Ten Year Vamp shareholders also get to listen to all the demo songs, vote on the songs that go on the album, free t-shirts, free passes … and lots of other cool perks.” The Ten Year Vamp Album Project invites anyone to become an owner for as little as $25 — the more someone contributes, the more “benefits” they receive as an owner.
“Record labels are signing more performance packages than creative acts, but we’re not letting that stop us. All we need are the funds to get started,” says Gabrione. “Thanks to the Internet, the music scene has evolved from large commercial conglomerations that did everything a band needed, to small specialized and independent companies that each help with specific aspects of a band’s career. Each of these companies, from radio promoters to distributors, tour managers to public relations firms, can be easily found on the web and each are hungry for bands that can afford their services. By securing the necessary investments, we can do everything ourselves that a record label would have normally done for us.”
Under Ten Year Vamp’s plan, shareholders will receive shares of the CD sales, as well as the chance to vote on many band decisions as the album is being created. This plan also benefits the band in that they also receive their share of the sales … not only for the money they have also invested, but also for their time and hard work. This plan is very fair towards the band, unlike many of the contracts record labels are notorious for, where the bands are always the last ones to ever see payment for their work.
Ten Year Vamp has been performing for over 5 years throughout the Northeastern U.S. They have opened for such national acts as Lifehouse, Gin Blossoms, Fuel, Finger Eleven, Natasha Beddingfield, and many more.
Ten Year Vamp is currently looking for a producer and sponsors for their album project and are performing regularly in New York and New England.
Please see www.tenyearvamp.com for show dates and more information about the Album Project.