Bandstocks Hits Albums Charts With New Patrick Wolf Album
Url: http://www.bandstocks.com/
London, June 11 2009 – Bandstocks, the fan funded investment platform, which allows music fans to buy shares in artists’ record releases, has scored its first UK chart success with the new album from London based avant-garde singer/songwriter Patrick Wolf.
The Bachelor- (Battle One), Patricks Wolf’s fourth album, entered the Top 50 in its first week of release after the artist raised in excess of £100,000 for recording and marketing activity through Bandstocks recently.
Multi-instrumentalist Patrick Wolf grew up in South London influenced by a diverse range of artists from PJ Harvey to Stockhausen, English folk music and jazz legend Chet Baker. After leaving home at 16 he released his debut album, "Lycanthropy" in 2003 to much critical acclaim, His second LP "Wind in the Wires" received even more praise and saw Patrick touring extensively in the UK and throughout Europe. Patrick released his third album "The Magic Position" in 2007 through UK label Loog, a division of Polydor/Universal.
20% of Patrick Wolfs first week UK chart registered sales were direct to consumer from Bandstocks online shop, powered by DA Recordings (DA). DA provides state–of-the-art and comprehensive e-commerce solutions and its direct-to-fan technology places a strong focus on core fanbase marketing.
Andrew Lewis, founder of Bandstocks said, “By raising over £100,000 for Patrick via Bandstocks and entering the Top 50 album chart in the UK in the first week of his albums release we have proved that there is a real future for viable fan funded investment models. For a self-motivated, creative artist like Patrick this model is perfect – Patrick’s fans have given him and his excellent management the freedom to make the record they want to make, to build a hand-picked marketing and promotions team and access to sophisticated back end technology. ”
Martin Heath, Managing Director of DA, said, “Patrick has made a brilliantly original album and by using Bandstocks to chart the record has proven that there is a real future for artists dealing directly with their fans. Giving music fans the chance to invest in their favourite artists makes them feel much closer to the action and companies like Bandstocks and DA are in a great position to nurture and facilitate those relationships.”
-ENDS-
For further information:
Bandstocks:
Andy Saunders, Velocity Communications
T: + 44 (0) 207 430 0200
Mobile: + 44 (0) 7939 133050
andy@velocitypr.co.uk
DA Recordings:
t: +44 (0)121 449 3814
info@darecordings.com
About Bandstocks
Bandstocks is an exciting new alternative to existing models for funding recorded music and aims to give artists back control of their own destinies while allowing fans a chance to play a significant part in the growth of their careers and success.
Artists are able to raise substantial funding for the recording, marketing and promotion of their music by offering loan stocks (Bandstocks) to investors whilst retaining control of their music and receiving a far bigger slice of revenues than they would under a conventional record deal. Fans are able to make direct investments in an artist’s album in return for receiving credits and other privileges (such as priority ticket booking, signed merchandise, premium album packages etc) as well as a share of the financial rewards if the album is successful.
As well as unsigned artists Bandstocks offers investors the opportunity to work with successful, high profile artists who have an existing fanbase.
For more information please visit www.bandstocks.com
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