‘Don’t believe the hype’ the old skool masters of rap once said – and these days people are taking them at their word. They’d been aiming to raise money from fans to record a new album. In a deal they signed with fan investment site Sellaband, they’d been hoping to raise $250,000 to lay down an album’s worth of dope beats and street rhymes.
However, it seems that people are still in fear of a black planet because they only raised about a quarter of the amount by the end of last year and then Sellaband went bust. It’s since been taken over by a German company and they’ve realised that they’re not going to raise that much. In a statement, Sellaband said: ‘We also have reached the conclusion that we will no longer include expenses for sales and marketing in our fund-raising budget and goals.
So far, Chuck D and cohorts have raised exactly $55,700, that’s 74 per cent of their goal
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