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My band have full financial backing...now what?

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My band have full financial backing...now what?

Postby ryanuk87 » Tue May 14, 2013 10:12 am

Hi, just wondering if anyone has any advice on what to do next.
My band have been playing together for years and have what we believe to be a strong and large collection of good songs. We've had a development deal in the past which fell through due to past members not wanting to fully commit but now we have people that believe we are good enough and are willing to invest as much as it takes financially to help us out.

Do we do it all ourselves or is it possible to find the right label and pay them to do the work?

Any advice would be great

Cheers!
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Re: My band have full financial backing...now what?

Postby ryanuk87 » Tue May 14, 2013 12:21 pm

Anyone? lol
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Re: My band have full financial backing...now what?

Postby narcoman » Tue May 14, 2013 12:30 pm

it' very difficult to do that; you need emotional buy in from labels & PR companies - I represent a number of commercial artists and attacking PR, for example; despite having the finances one does get rejections!

However there are things you could do if you have backing but do not make the mistake of thinking you can do it without some industry involvement (for example - you can't get the "right" gigs or radio play without some schmoozing or being on the lips of the right figures...) - I can give you a huge list of bands backed by millionaires who are making no headway.

Aside from that - I have PM'ed you some information
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Re: My band have full financial backing...now what?

Postby BJG145 » Tue May 14, 2013 12:34 pm

narcoman wrote:I can give you a huge list of bands backed by millionaires who are making no headway.
I wonder how Hamfatter are getting on...
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Re: My band have full financial backing...now what?

Postby narcoman » Tue May 14, 2013 12:35 pm

BJG145 wrote:
narcoman wrote:I can give you a huge list of bands backed by millionaires who are making no headway.
I wonder how Hamfatter are getting on...

exactly!!

You can't buy your way in! BUT you can use your assets (including finances) to maximise your chances.
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Re: My band have full financial backing...now what?

Postby Scramble » Tue May 14, 2013 2:36 pm

ryanuk87 wrote: willing to invest as much as it takes financially to help us out.

That's a bit vague. Are we talking tens of thousands, hundreds of thousands, or millions? Labels often spend at least a million trying to break a new artist, often with no success.
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Re: My band have full financial backing...now what?

Postby OneWorld » Tue May 14, 2013 2:41 pm

narcoman wrote:
BJG145 wrote:
narcoman wrote:I can give you a huge list of bands backed by millionaires who are making no headway.
I wonder how Hamfatter are getting on...

exactly!!

You can't buy your way in! BUT you can use your assets (including finances) to maximise your chances.

I questioned the wisdom of Peter Jones when he bought into that, it seemed like a "I wanna get down with the kids" scenario, for all the right reasons, but who on earth is going to go and see/follow a band with a moniker like HamFatter - it was doomed from the start, and of course then there was the music, ultra-mundane and notable in its forgetfullness. Whatever happened to them I bet they haven't grown fat off the proceeds of their endeavours!
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Re: My band have full financial backing...now what?

Postby OneWorld » Tue May 14, 2013 2:52 pm

ryanuk87 wrote:Hi, just wondering if anyone has any advice on what to do next.
My band have been playing together for years and have what we believe to be a strong and large collection of good songs. We've had a development deal in the past which fell through due to past members not wanting to fully commit but now we have people that believe we are good enough and are willing to invest as much as it takes financially to help us out.

Do we do it all ourselves or is it possible to find the right label and pay them to do the work?

Any advice would be great

Cheers!

When you say 'financial backing' is that from someone with music industry knowledge, experience and of course the most important thing in the mix - contacts? The industry is littered with the corpses of those indulging in vanity projects. It seems music is like premiership football, you can't just buy your way to the top of the league, can you Mr Abramovich?

'Full' financial backing, that's going to cost, to quote Miles Davis when asked "How do you make a million out of Jazz?" answer "Start with 5 million"

But now at risk of having peed on your parade, best of luck, you might just buck the trend, and if yo have a nice booty, can cut a rug and are very photogenic, yo could be in with a shout - oh and learn to sing/play, that comes in handy sometimes when the Autotune conks out lol

Sorry am just making a point, am sure you are quite accomplished musicians and deserve a break.

I remember once having a conversation with a chap who went under the name of Mister Zero (Martin Hamnet) linked with the Hacienda etc, and he was talking about young wet behind the ears bands, and he said "Beware, everyone in the music industry is a f*cking shark"

What does that make you then?" I asked "A f*cking Killer Whale on steroids" he answered lol
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Re: My band have full financial backing...now what?

Postby ryanuk87 » Tue May 14, 2013 2:56 pm

Scramble wrote:
That's a bit vague. Are we talking tens of thousands, hundreds of thousands, or millions? Labels often spend at least a million trying to break a new artist, often with no success.

I read somewhere £650k is a good start but it could be more if needed. I know it all depends on the general public at the end of the day if they liked us or not etc.
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Re: My band have full financial backing...now what?

Postby ryanuk87 » Tue May 14, 2013 3:02 pm

OneWorld wrote:
But now at risk of having peed on your parade, best of luck, you might just buck the trend, and if yo have a nice booty, can cut a rug and are very photogenic, yo could be in with a shout - oh and learn to sing/play, that comes in handy sometimes when the Autotune conks out lol

Haha yeah. I know what you're saying. I've been in bands myself since 2002 (aswel as 2 of the others) and I've always written music. This guy I know isn't in the industry but thinks we have good enough songs and knows that we previously had a development deal in 2010 which fell apart after a couple of past members couldn't hack the commitment.

This time however his son is joining as the bass player so he is willing to invest as much as it takes to help out.
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Re: My band have full financial backing...now what?

Postby narcoman » Tue May 14, 2013 3:05 pm

commitment. Yes that big issue!! Had a jazz singer recently working here. Got a year through development and she had a flipping hissy fit and quit. Right royal pain in the arse!!!hahaha
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Re: My band have full financial backing...now what?

Postby Scramble » Tue May 14, 2013 3:06 pm

>I read somewhere £650k is a good start but it could be more if needed

Do you mean that you may have access to more than £650k if required? Okay, but as has been said here, unless you also have people with industry experience and nous on your side that money will probably just end up going down the plughole. And I'm guessing -- based on the fact that you're asking for advice about this matter on what is essentially a home recording forum -- that you don't have anyone like that on your team. So I would... well, actually, who cares what I think about this matter? I'm not a 'player'. Listen to those who are, like Narcoman.

(Alternatively, I can join your team at the modest rate of £50/hour!)
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Re: My band have full financial backing...now what?

Postby Scramble » Tue May 14, 2013 3:09 pm

>This time however his son is joining as the bass player so he is willing to invest as much as it takes to help out.

Oh. That's basically code for 'It will be a disaster and end in tears'. Enjoy it while you can.

Edit: Better add a smiley in case you think I'm being too serious about this:
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Re: My band have full financial backing...now what?

Postby ryanuk87 » Tue May 14, 2013 3:14 pm

Scramble wrote:>
Oh. That's basically code for 'It will be a disaster and end in tears'. Enjoy it while you can.

Haha, it's not as bad as it sounded. I've been mates with his son for years and we run a car sales business together and have played in bands previous to this already.
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Re: My band have full financial backing...now what?

Postby Scramble » Tue May 14, 2013 3:21 pm

Here's another relevant question: does the backer want to get his money back and some more in a few years (ie. is it a serious investment)? Or does he at least want to see some money coming back to him every year for a dozen-odd years, but isn't fussed if this amount is only like a half or a third of what he shells out? Or is he happy for the money to be used to set up and eventually sustain a career for you all without any of it coming back to him (so it's like an advance-on-his-son's-inheritance sort of thing)?
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Re: My band have full financial backing...now what?

Postby ryanuk87 » Tue May 14, 2013 3:31 pm

He's not worried about getting anything back. I think he's worried about what his son is going to end up doing as he has a type of autism that makes it impossible to work in 'normal' places. He often rubs people up the wrong way as he says the most random things even though he is totally harmless. He is very good at playing computer games and musical instruments though. Has no fear of being on stage etc.
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Re: My band have full financial backing...now what?

Postby narcoman » Tue May 14, 2013 4:12 pm

yes - be careful with money. I've just watched a band spend $700k in two years and be no further along than when they started. Budgets are great - but spending even less in the right way is key. Keep the money, develop and look at spending at most a 20th of that to get moving. Do not go and find the biggest PR agent; as an unknown as it'll destroy you!! Been there!! hahaha ... a tricky game.
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Re: My band have full financial backing...now what?

Postby Wease » Tue May 14, 2013 5:31 pm

Sounds to me like somesort of deal with narcoman would be a good first move.


(Damn, that was my 1980 post....was going to rant about Thatcherism in music, the post punk 'New wave' or some such .....wot a waste! )


I hope the band does splendidly, i already quite like them/you......where can we listen?
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Re: My band have full financial backing...now what?

Postby Zukan » Tue May 14, 2013 6:25 pm

Well, first off, you need to buy a 458 Italia. You then need a seriously good Aremnian ethnic sound designer/producer who lives in the Uk and posts in these forums. This is so he can drive the Italia.

After that, I dunno, some gear, a few choice hookers and maybe a small rabbit.

Actually, what the others said.
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Re: My band have full financial backing...now what?

Postby CS70 » Thu May 16, 2013 6:06 pm

but who on earth is going to go and see/follow a band with a moniker like HamFatter


Uh? I have no idea who these Hamsomething people are and never heard them, but if limp bizkit and smashing pumpkins made it, names shouldn't be a limit..
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Re: My band have full financial backing...now what?

Postby Exalted Wombat » Thu May 16, 2013 9:17 pm

ryanuk87 wrote:He's not worried about getting anything back. I think he's worried about what his son is going to end up doing as he has a type of autism that makes it impossible to work in 'normal' places. He often rubs people up the wrong way as he says the most random things even though he is totally harmless. He is very good at playing computer games and musical instruments though. Has no fear of being on stage etc.

He's trying to buy this kid a career in a band?
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You don't have to write songs. The world doesn't want you to write songs. It would probably prefer it if you didn't. So write songs if you want to. Otherwise, dont. Go fishing instead.


Re: My band have full financial backing...now what?

Postby OneWorld » Thu May 16, 2013 9:38 pm

CS70 wrote:
but who on earth is going to go and see/follow a band with a moniker like HamFatter


Uh? I have no idea who these Hamsomething people are and never heard them, but if limp bizkit and smashing pumpkins made it, names shouldn't be a limit..

Never heard of them? well that speaks volumes, but anyway, there are subtle differences making one name acceptable and the other naff. The word 'Ham' has too close an association to HamShank!
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Re: My band have full financial backing...now what?

Postby OneWorld » Thu May 16, 2013 9:40 pm

Exalted Wombat wrote:
ryanuk87 wrote:He's not worried about getting anything back. I think he's worried about what his son is going to end up doing as he has a type of autism that makes it impossible to work in 'normal' places. He often rubs people up the wrong way as he says the most random things even though he is totally harmless. He is very good at playing computer games and musical instruments though. Has no fear of being on stage etc.

He's trying to buy this kid a career in a band?

Well I suppose seeing as he's autistic, or whatever, they are (the rest of the band) performing some sort of care in the community role?
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Re: My band have full financial backing...now what?

Postby Exalted Wombat » Thu May 16, 2013 11:11 pm

OneWorld wrote:
Exalted Wombat wrote:
ryanuk87 wrote:He's not worried about getting anything back. I think he's worried about what his son is going to end up doing as he has a type of autism that makes it impossible to work in 'normal' places. He often rubs people up the wrong way as he says the most random things even though he is totally harmless. He is very good at playing computer games and musical instruments though. Has no fear of being on stage etc.


He's trying to buy this kid a career in a band?


Well I suppose seeing as he's autistic, or whatever, they are (the rest of the band) performing some sort of care in the community role?


Which they want to make their long-term career? I hope this kid is ultra-talented! I guess it worked for Michael Jackson :-)
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You don't have to write songs. The world doesn't want you to write songs. It would probably prefer it if you didn't. So write songs if you want to. Otherwise, dont. Go fishing instead.


Re: My band have full financial backing...now what?

Postby Frisonic » Thu May 16, 2013 11:48 pm

CS70 wrote:
but who on earth is going to go and see/follow a band with a moniker like HamFatter


Uh? I have no idea who these Hamsomething people are and never heard them, but if limp bizkit and smashing pumpkins made it, names shouldn't be a limit..

Not to mention Vanilla Fudge...
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Re: My band have full financial backing...now what?

Postby Jack Ruston » Fri May 17, 2013 8:24 am

It's great that you have some investment. It might be a distraction that you seem to have 'unlimited' investment, but the fact is that this buys you some opportunities. The crux of the matter is your material, followed closely by your abilities. If you've got hits then you can use that investment to present them effectively to the market. If you haven't then you might find that it never really takes off. Doesn't mean that you won't make a good record to be proud of though.

I think the main battle you now have is that with all that cash, there's a tendency for investors and members alike to feel that the band should be able to achieve success. But as per the above, the stuff you really need is that which you can't buy.

I'd take things in order...imagine you didn't have investment. Get a producer involved and see what you've got material-wise. Record a handful of tracks and see what the result/reaction is. See if there are any issues with the material, line-up etc. See if you can attract a good manager. Obviously you have the budget to do these things 'properly'. If the result is positive you can progress to making a great record and buying onto a tour. Just get your ducks in a row at every stage so that if things start to move, the pieces are in place. People lose interest fast if you have to grind to a halt all of a sudden because there are gaps in the foundation.

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Re: My band have full financial backing...now what?

Postby Beat Poet » Fri May 17, 2013 12:29 pm

ryanuk87 wrote:We've had a development deal in the past which fell through due to past members not wanting to fully commit but now we have people that believe we are good enough and are willing to invest as much as it takes financially to help us out.


I hope the members that didn't want to fully commit are indeed past!
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Re: My band have full financial backing...now what?

Postby CS70 » Fri May 17, 2013 5:41 pm

Never heard of them? well that speaks volumes


Does it? I looked 'em up and according to Wikipedia they seem to be a "Hamfatter are a pop rock band from Cambridge, UK, formed in 2002. The band are known primarily for their appearance on BBC2's Dragon's Den."

Never heard of Dragon's Den either - no BBC 2 in most of the world, I'm afraid. ;-)
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Re: My band have full financial backing...now what?

Postby BJG145 » Fri May 17, 2013 6:30 pm

Oh, you're missing out there...never mind Hamfatter, but Dragon's Den is awesome.
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Re: My band have full financial backing...now what?

Postby Chaconne » Fri May 17, 2013 7:15 pm

This might be simplistic- but I would concentrate on the music.

You have financial security, so you need to make sure that what you have to sell is first rate. Most people dont have the luxury of financial security to sit back and concentrate on music - but its the most important thing. There are plenty of people who garner good followings with the internet alone - because they are brilliant. And many people who throw in thousands, and fail because basically nobody told them they were crap.

So, concentrate on your scene. Are you making the blogs? Anybody offered you gigs yet? Are they asking when your records are coming out? All this can be got for nothing...

Post a link here - I would not put a penny into any project that at least couldn't get a few "fantastic - when's it coming out?" responses from forums, facebook, soundcloud etc...
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