For many people the fact that the X Factor is now over for yet another year will be a great relief but there are thousands of bands that struggle to get noticed in the music industry who don’t make it to the show so there is now a brand new website called MyMajorCompany.com that hopes to give bands a chance and at the same time allow the general public to invest in them for success.
The label operates by signing acts through a traditional A&R selection process, before placing a sample of their music on the website. The acts are then promoted to music fans who ultimately decide whether the act will raise the £100,000 necessary to take things to the next level. Fans can choose to invest anything from £10 to £1,000 in the artists they like and then get a percentage of the profits once the performer has been launched. Since its launch the website has already secured over £300,000 of fan investment across the launch roster.
We will be taking a closer look at the website in a few weeks time but for now if you want to be the next Pete Waterman this may be the place to start.