Prog-metal veterans Queensryche are giving investors a chance at silent (financial) liquidity, offering access to the ground-floor deal of a lifetime: Queensryche LLC. According to attorney Marc LoPresti, who helped the group establish its own limited liability company, investors can get an equity stake in the band for a minimum investment of $50,000. According to attorney Marc LoPresti, who helped the group establish its own limited liability company, this means that “there is nothing that they do as a unit as Queensryche that the fans that invest will not be a part of.” One presumes this includes appropriately debauched boardroom meetings, and input on future concept albums involving the selection of small-cap savings funds.
All of this large-scale fundraising, with the band only seeking a total of $2 million, will allow Queensryche more flexibility in touring, and enables “being able to present ourselves in bigger ways,” according to drummer Scott Rockenfield. In addition to the launch of the corporation, the band also plans a separate, smaller-scale PledgeMusic drive for more financially conservative fans to pre-order their upcoming album. A financial prospectus will be available for potential corporate investors, which hopefully contains a few brain-melting guitar solos to pump up the underwriting crowd.