Sent to you by James via Google Reader:
The press releases were flying on October 6th when Public Enemy announced that they were going to their fans via SellaBand for $250,000 to record and promote a new album.
"Through its partnership with SellaBand, PE is offering a total 10,000 parts for Believers at a value of $25.00 each to raise a total of $250,000. The $250,000 will be used to: a) fund the complete recording costs and expenses for its next album and b) fund a strategic marketing plan for the worldwide release of the SellaBand album in 2010.
Public Enemy has created an exciting incentive plan for Believers and looks forward to successfully completing fund raising by the end of 2009."
Now, more than two months later, and less than 20 days before the end of 2009, the band has only raised $71,620 or just 28% of its goal. This is despite offering "exciting incentives":
- "Believer" Level = 1 Part ($25) Incentive: Exclusive, numbered CD in Digipak 1
- "Hype" Level - 4 Parts ($100) Incentive: Exclusive, numbered CD Digipak, opportunity to buy 2nd CD at 50% off, & Name in booklet 4
- "Rebel" Level - 10 Parts ($250) Incentive: All of Above plus Exclusive Limited Edition Public Enemy T Shirt 10
- "Posse" Level - 20 Parts ($500) Incentive: All of Above plus Autographed Copy of CD signed by Chuck D 20
- "Terrordome" Level [Limited to 50 investors] - 40 Parts ($1,000) Incentive: All of Above plus Unlimited use backstage pass for 3 years 40
- "Bring The Noise" Level [Limited to 15 Investors] - 200 Parts ($5,000) Incentive: All of Above plus Executive Producer Credit on Album 200
- "PE Number One" Level [Limited to 5 Investors] - 400 Parts ($10,000) Incentive: All of Above plus Studio Visit during recording session 400
No word yet on whether or not Public Enemy will extend the deadline for fan contributions.