Have you ever listened to “Silent Lucidity” and suddenly found yourself wondering how to maximize your quarterly earnings? Me neither, but that doesn’t make Queensryche’s latest business venture any less intriguing.
Queensryche has offered an opportunity for some of their fans to invest in the band. For a “mere” $50,000, fans cans purchase a share of the ownership of the band, taking a share out of the profits that the group makes in the future. Sales achieved through the group’s merchandising, record sales, and tour profits will go into the pockets of a select few fans who elect to take the plunge and invest in Queensryche, which has to be the ultimate way to express enthusiasm for the group. The band is hoping to use the money generated from the investments to pursue various other projects such as future tours or albums. Queensryche hopes to raise approximately $2 million dollars from this project, and each potential investor will be screened by a panel consisting of a couple of the band members themselves.
“There is nothing that they do as a unit as Queensrÿche that the fans that invest will not be a part of. [It will give us] the flexibility to do a lot of things.”
While it’s unknown what Queensryche’s motivation was for undergoing the financial initiative, there’s little doubt that the project will open doors for a new potential future that Queensryche has yet to fully explore.
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