Patrick Wolf Hits Albums Charts With Fan Funded Album
Bandstocks, the fan funded investment platform, which allows music fans to buy shares in artists’ record releases, has scored its first UK chart success with the new album from London based avant-garde singer/songwriter Patrick Wolf.
The Bachelor- (Battle One), Patricks Wolf’s fourth album, entered the Top 50 in its first week of release after the artist raised in excess of £100,000 for recording and marketing activity through Bandstocks recently.
Multi-instrumentalist Patrick Wolf grew up in South London influenced by a diverse range of artists from PJ Harvey to Stockhausen, English folk music and jazz legend Chet Baker. After leaving home at 16 he released his debut album, "Lycanthropy" in 2003 to much critical acclaim, His second LP "Wind in the Wires" received even more praise and saw Patrick touring extensively in the UK and throughout Europe. Patrick released his third album "The Magic Position" in 2007 through UK label Loog, a division of Polydor/Universal.
20% of Patrick Wolfs first week UK chart registered sales were direct to consumer from Bandstocks online shop, powered by Digital Animal. DA provides state-of-the-art and comprehensive e-commerce solutions and its direct-to-fan technology places a strong focus on core fanbase marketing.
Andrew Lewis, founder of Bandstocks said, “By raising over £100,000 for Patrick via Bandstocks and entering the Top 50 album chart in the UK in the first week of his albums release we have proved that there is a real future for viable fan funded investment models. For a self-motivated, creative artist like Patrick this model is perfect - Patrick's fans have given him and his excellent management the freedom to make the record they want to make, to build a hand-picked marketing and promotions team and access to sophisticated back end technology. ”
Martin Heath, CEO of Digital Animal, said, “Patrick has made a brilliantly original album and by using Bandstocks to chart the record has proven that there is a real future for artists dealing directly with their fans. Giving music fans the chance to invest in their favourite artists makes them feel much closer to the action and companies like Bandstocks and DA are in a great position to nurture and facilitate those relationships.”