SellABand Down Just When It Needs To Be Up
Greeting visitors to Sellaband on Monday morning was the message, "Sorry, we're currently down for maintenance…we expect to be back up tomorrow by the end of the day." An apparently scheduled maintenance had to be extended, and it could not have happened at a worse time for the fan to artist funding enabler.
Fan Funding For Public Enemy Release Slips
As Hypebot reported back in December, the site has had trouble generating sufficient fan investments to fund one of its most visible projects to dat – a new album by Public Enemy. In mid-December they had only raised $71,620 or just 28% of a $250,000 goal. Now Billboard and other mainstream media are reporting that Public Enemy and Sellaband have actually lost investors with the total raised now down about $4000 to $67,400.
I still don’t see why they cant record a with that money. 67k is plenty
Sellaband just went bankrupt today, so do not expect them online again.
Court ruling can be seen here (in Dutch):
http://insolventies.rechtspraak.nl/resultaat.aspx?Rechtbank=Amsterdam
Sorry, direct link is not working, but the court ruling can be found searching the http://insolventies.rechtspraak.nl site (in Dutch).