Saturday, 14 May 2011

New fund opens for business

The Times reports that venture capital fund Icebreaker has £350 million available from wealthy investors to back recording artistes who want to operate outside traditional record company business models. The fund, set up by former Kleinwort Dresden banker Caroline Hamilton, has brought in UK indie label Cooking Vinyl as a consultant and has already placed its first funding, providing backing for Marilyn Manson’s new recordings.

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