Mar 2008
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Self-Funding Your CareerWhile label-funded budgets are disappearing, recording, promoting and touring still requires a hard cash investment. To adjust to the changing realities of today’s music industry, musicians must find other funding sources. Below we offer 3 different scenarios – musicians Eric Hsu, of the band Johnny Hi-Fi and Soul singer Melissa Young used 2 different approaches to raising the monies that they needed; and Brad Peterson, Regions Bank VP of Music & Entertainment, discusses another option – a “Royalty Advance Loan” program. JOHNNY HI-FI
Call it “Entrepreneur or Overachiever Rock” – Johnny Hi-Fi is successfully defying stereotypes - eschewing major label support and the starving artist lifestyle – the band members manage to fund their music careers by dint of hard work, great music and lucrative day jobs that supplement grueling weekend touring schedules and CD sales. Read our full interview here. MELISSA YOUNG
In 1999 after earning an undergrad degree from Howard University and an MFA from New York University’s Film school, Young decided to devote herself to music, supplying background vocals to several artists including Reggae singer Ky-mani Marley, son of the legendary Bob Marley, during his European tour. Read the full interview here. Brad Peterson, VP Regions Bank
VP Brad Peterson explains how their program works here. |
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