SongVest Gets Into Fan Album Funding Game

image from t0.gstatic.com SongVest, best known for selling shares in hit songs to fans, is joining the fan album funding game. First up is Reggie, founder of Midnight Star and the Calloway Brothers.  Up to $100,000 will be raised for marketing and promotion since the album has already been recorded. and Universal is on board as distributor.

Past SongVest auctions have included the rights to songs recorded by Aerosmith, Bon Jovi, Carrie Underwood, Ringo Starr, Ozzy Osbourne, and The Monkees.The winners of this album auction will receive 80% percent of the album's net income and some special perks.

Platforms like Kickstarter, Slicethepie and others have successfully helped a number of artists channel fan support. SongVest's point of differentiation is a wide array of reward packages. Some are sold via auction and others are flat fee:

Diamond Package (1 Lot):

        20% share of the 80% net income from the album
        Listed as executive producer on all Videos and DVD’s
        Intimate concert by Reggie Calloway
        Guest at music video shot
        Guest at CD press party and dinner
        Autographed specialty item including photo
        Handwritten Lyrics
        Special commemorative plaque
        4 Concert Tickets and backstage passes for a year
        As a very special offer, I will prepare for you a personalized “Sabrina” song version with your name,  or the name of your choosing, to be sung and recorded in place of Sabrina

Double Platinum Package (4 Lots):

        Four 10% shares of the 80% net income from the album
        Listed as executive producer on all Videos and DVD’s
        Guest at music video shot
        Guest at CD press party and dinner
        Autographed specialty item including photo
        Handwritten Lyrics
        Special commemorative plaque
        4 Concert Tickets and backstage passes
        As a very special offer, I will prepare for you a personalized “Sabrina” song version with your name, or the name of your choosing, to be sung and recorded in place of Sabrina

Platinum Package (4 Lots):

        Four 5% shares of the 80% net income from the album
        Listed as associate producer on all Videos and DVD’s
        Guest at CD press party and dinner
        Autographed specialty item including photo
        Handwritten Lyrics
        Special commemorative plaque
        4 Concert Tickets and backstage passes
        As a very special offer, I will prepare for you a personalized “Sabrina” song version with your name, or the name of your choosing, to be sung and recorded in place of Sabrina.

Gold Package (8 Lots):

        Eight 2.5% shares of the 80% net income from the album
        Guest at CD press party and dinner
        Autographed specialty items including photo
        Handwritten Lyrics
        Special commemorative plaque
        4 Concert Tickets and backstage passes
        As a very special offer, I will prepare for you a personalized “Sabrina” song version with your name, or the name of your choosing, to be sung and recorded in place of Sabrina

Special Pledge Increments:

Pledge $35 or more:

        A signed physical CD plus a digital copy of the album with a personal note of thanks
        Video downloads and photos of the marketing and promotional process
        Special emails and tour updates will be sent to you regularly

Pledge $60 or more:

        As well as everything above, you’ll get a personal hand written poem from me to you
        Your full name will be printed inside the next album artwork because we are thankful for assistance and dedication
        You will also get a video shout out download from me
        Hand-written lyrics from one song on the Bring Back the Love CD

Pledge $100 or more:

        As well as everything above, you’ll receive a MP3 demo of an unreleased song
        An autographed picture and a special phone call from me
        A live, online concert stream.

Pledge $200:

        As well as everything above, you’ll get a special Skype video chat with me
        Two guests passes and two backstage passes to my live concert
        You will also get a signed t-shirt

Pledge $500:

        As well as everything above, you’ll get an invite to the CD release party or a video shoot
        When you attend my concert, you will be my guest backstage to meet and a special hello
        As a very special offer, I will prepare for you a personalized “Sabrina” song version with your name, or a name of your choosing, to be sung and recorded in place of Sabrina

The auction will end at 3PM EST on Saturday, June 11.


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