SOURCE:
THE MUSIC INDUSTRY REPORT
What was that about only labels investing in music? Charlotte Church has turned to music investment fund Power Amp Music to raise £2 million to record and market her next album, due out in the Autumn.
Power Amp will take a 50% share of the gross revenue from Church’s recordings, publishing, merchandising and live performances for a ’set period’.
Church says the deal “provides me with a financial commitment equivalent to that of a major record company but with a much greater degree of control and ownership over my career”.