An American band has registered itself as a company as an alternative to signing a record deal.
New York band Francis And The Lights have incorporated themselves and received an investment of $100,000 from the Normative Music Company rather than sign a conventional contract.
Speaking about the deal, Normative’s Jake Lodwick likened the arrangement to an Internet start-up working with a venture capital firm.
“[Singer] Francis Starlite is an uncompromising musician and a strong leader. I believe he will bring Francis And The Lights to international stardom,” he said. “As a fan of his music, I see no alternative. The traditional role of a ‘manager‘ who makes strategic decisions is incompatible with a man whose vision requires absolute control of all artistic and business decisions.” MO< Francis And The Lights supported MGMT in Brooklyn onHalloween (October 31), while a selection of their music can be heard on the band’s MySpace page.
courtesy of NME.com