MyMajorCompany Gets $4.1 Million for Fan Funded Releases
MyMajorCompany, which like Sellaband and others empowers fans to finance recordings for artists they like, has received a $4.1 million investment from Stephane Courbit, a former Endemol France executive in return for a 49% stake in the company. The funds will be used to expand the French based service into the UK. Former EMI CEP Alain Levy is also advisor to the company.
MyMajorCompany fans have already funded a single from Gregoire, whose album went on to sell 240,000 copies. Next up is a release from Agonie financed by $95,400 from fans.
