LNFG operates as a non profit patronage. This means that we use all memberships and donations to fund manufacture, distribution and promotion so our artists do not have to.
Join LNFG secure at least 7 new LPs a year for less than a cost of a nice meal!
You can grab one of the pre-set bundles, Bronze, Silver, Gold, Platinum or Palladium or go nuts and grab over 50 LPs with Unobtanium!
The Bigger Picture
A conventional independent model will see a label fronting all costs and then once those costs are recovered, splitting the profits 50/50. In LNFG we do not recover the costs but we split the proceeds 75/25. The 25% we retain is then reinvested in other bands.
When costs are recoverable it makes it very easy for labels to inflate those costs, incur additional expenses and out source services for fees. Why worry about the expenses when they don't affect your bottom line?
At LNFG any additional services we provide (external plugging and press, studio facilities or photography) are also paid for by the label.
Let's break this down for you to give you an idea of the impact.
The standard costs to release , market, plug, promote and distribute with new photo sessions and provide new videos for an LP and CD release would, at the very bottom end, set you back around £4500.00. That means that before you make a penny of income, as an artist, you need to sell £4501 of records. Now if the label assumes that 50% of all income is theirs, that means you need to generate £9000 of sales to break even. That's close to all of the units you've manufactured having to sell, just to break even. So the label have made £4500 and you've broken even. Hardly seems fair does it?*
With LNFG - on that cost basis - an artist makes a profit the moment they sell one record as 75% of proceeds are theirs.
How do we do this? By being accomplished business people who value the arts, by building a structure and support that means we can administer the finances in a way that benefits all artists and patrons. By securing the vast bulk of our funding at the start of the year, we can plan, budget and acquire the facilities we will need.
Of course our patrons receive a copy of every album LNFG manufactures for free, you might say this costs the artists in sales. We would say not, patrons do not join LNFG so they can get a free LP from a band they love, they join LNFG to support the concept. Thus bands signing to LNFG enjoy a sudden boost in fans and thus a new market for merchandise, tickets and past releases.
*Other models exist - this is merely an illustration on how a 50/50 deal with recovered costs would work for you.