(Not from the Onion) Got a net worth of $2M and $50K to spare? You can buy stock in Queensryche!

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3. UPDATE: (New) Queensryche Singer Digs Hole Deeper

Last edited Fri May 7, 2021, 07:52 PM - Edit history (12)

Todd La Torre (Blabbermouth):

"...I just wanna make clear, (so) that everyone knows, that when they buy...those (crowdfunding) packages, it's not...to bankroll the record. I've seen some rhetoric about that; it makes it look like we're trying to raise money to finance an album...that's not the case. The record's coming out through Century Media, it's funded that way, just like the last record. So I don't want people to think that we're trying to sell merchandise to fund an album.

"We're offering unique bundles and packages that are exclusive, for a limited time, as a creative way to offer something to the fans and supporters...you have to be creative with ways that you can also generate some income. So they're getting something, a commodity, for a monetary value. It's not, like, 'Donate, and then we'll put this out.' It's to enhance the process. So I wanna make that very clear..."

To be clear, Queensryche is involved in crowdfunding (through PledgeMusic.com) as well as investor hunting. The items on their merchandising page -- including their next album -- are labeled "PRE-order." But though payment is expected immediately, there's an April 2015 delivery date "unless otherwise indicated."

In retrospect, perhaps it was unreasonable of me to conclude from the talk of "disintermediating the record labels" and the investor hunting that Queensryche no longer had a record deal. But seeing as Todd won't be getting anything out of the holding company, is it unreasonable to conclude that "generating" HIS income will depend on the crowdfunding?


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