Fan Funded Forum

A French language community record label which makes it possible for Net surfers to directly produce its artists. MMC sees itself as an alternative to traditional labels enabling artists that have a direct relationship whith their fans to take control of their career and see better return on their creative efforts. MMC select which acts they will fund and once funding has been achieved work in the same way as a traditional label. They have distribution from Warners.

The original target for artists was 70,000 Euro at 10 Euro per share but this has since been raised to 100,000Euros in order to provide a greater marketing fund.

Investors recieve 30% of proceeds (but no copy of the album), Artists receive 20% of proceeds and the rest goes to MMC. The artists share is considerably less than other fan funding sites however, as mymajorcompany operates in a similar way to a tradtional label and handles all marketing, it is probably best to compare the deal with a traditional deal: MMC is certainly more profitable for artists, not least because there is no recoupment before they start earning.

16 Artists have been put up for funding so far, 13 of which raised 70,000, one artist has raised the new total of 100,000 and two others are still working towards 100,000.

The first artists to reach the total Gregoire, raised 70,000Euro in a month and a half from 347 investors. The album You + Me was released in 2007 and achieved considerable success in France.

Stephan Courbit, the former owner of Endemol, has invested 3 million euros to the young label, in exchange for 49 % of the capital. With ambitious projects of internationalisation with England as a key target.

www.mymajorcompany.com