Wyando's External Profile

Meanwhile, there are a few answers to the questions about the new T&C and how the new SellaBand GmbH will evolve: Franz Schiller, Member of the team in Munich, is on the forum now, where he answers questions about the new T&C. Also, Michael Bogatzki, CEO of SellaBand GmbH, has done interviews on TalentCast as also at 50K Music.

Short version of this German post: It’s about the new Believer Terms & Conditions, Art 4.5, which says, that money invested in SellaBand can only withdrawn within the first 14 days of deposit. After that time, the money is still free to move from one project to another (unless the artist has reached his target, obviously), but can’t be transferred to your own (paypal) account anymore. Read more about this at Lucretia’s forum. So read carefully those Terms and Conditions before you agree/disagree at your next login at SellaBand!

The following has been announced this night on SellaBand.com:

Sellaband will be back online tomorrow, February 25th

A Brand New Day For SellaBand

I always thought that this message would be the most difficult to write, but it’s not. Even though today signals the end of the road for me as CEO of SellaBand, I am thrilled to announce that our brain child has found new parents and will get the opportunity to grow further. From today onwards, the name SellaBand will live on and the new owners intend to keep the spirit of SellaBand and its community alive. Moreover, I have spoken at length with the people who have bought www.sellaband.com and am totally convinced that they are just as committed as we always were to build a solid future for SellaBand. What is extremely important to me is that the new company, called SellaBand GmbH and to be operated out of Munich in Germany, will respect our commitments towards Believers and also to those artists who are currently recording their SellaBand album, and/or are about to release their music.

There is no doubt in my mind that ‘crowdfunding’, as they call it, is a blessing for artists in the 21st century and that this concept has the potential to cure what’s been ailing the traditional music industry for so long. SellaBand is and will always be the first of its kind. I am proud to have been part of this very exciting journey from day one and because SellaBand will always be dear to me, I will stay active as a ‘Believer’ on the website and have offered to be on stand-by in case my assistance is needed. I am also very excited to announce that the man who has been standing side by side with me in those past 4 years, Dagmar Heijmans, will continue to be part of the new team and will work closely together with Michael Bogatzki, the new CEO of SellaBand GmbH.

All in all, today is a day of joy. Some other time perhaps, I will take a moment to look back and share my story with the outside world. Right now I only want to look ahead and hope you will all join me in giving the new team a warm welcome and find out what bright future still lies ahead for SellaBand.

So long,
Johan Vosmeijer
Amsterdam, February 24 2010.

Michael Bogatzki (CEO SellaBand GmbH) declares

We will continue to advance this fantastic platform while acting in the spirit of the SellaBand community and its founders. We are thankful for the exceptional work of Johan Vosmeijer and his wishes.

Starting from today we proceed with this unique concept and maximize the potential of SellaBand with the trust and faith of all Artists and Believers. In personal I am proud to be part of this idea and I am aware of my responsibility for done work and successes. I will take care about the community and spirit of sellaband.com with your help and confidence.

Best regards,
Michael Bogatzki
Munich, February 24.2010

The king is dead, long live the king! Sofar, this sounds good. Now let’s see how this will evolve and let’s hope that this new CEO knows about the value of a community…

Several sources, including one with an email from trustee Paul Schaink, states that SellaBand has been sold to a Company a group of investors from Munich, a transaction approved by the Amsterdam Court. The contracts will be signed today and the buyers have guaranteed that they take over 100% of the obligations towards both the Believers and the Artists. Money owned by the Believers will remain in the independent escrow account in Germany, which is separated from SellaBand as it was before.

It is asked to the SellaBand Community to calm down, as there is no danger to loose their money. www.SellaBand.com will be online again later tonight or tomorrow in the course of the day.

Update: SellaBand will move from Amsterdam to Munich, without their staff

[Update] See also:
- SellaBand has been sold and will be back online soon!
- SellaBand will be back online on Feb 20, 2010!

From SellaBand.com:

On Friday February 19th, SellaBand AG requested provisional suspension of payments (moratorium). This was granted by the Court in Amsterdam on the same day. Yesterday, Monday February 22nd, this moratorium was changed into bankruptcy, with appointment of, Mr Paul Schaink, an amsterdam lawyer, as trustee. The trustee wishes to inform the ‘Sellaband community’ that, apart from a few technicalities, the completion of a transaction with a potential buyer of the business, is to be expected soon, in order to make a fresh start, safeguarding both the rights of Believers and Artists. More news will follow shortly.

On behalf of the trustee,

Johan Vosmeijer
CEO SellaBand

Thanks to Lucretia, Artists and Believers can come together at this messageboard. Come over to discuss the matter!!

P.S. Please use Google with the specific keywords to get the latest news on this!

Epyllion, a rockband from Canada has reached their target on SellaBand. The money has brought together by 163 fans, who now are looking forward to that rocking piece they will record…

50K Music is another website dedicated to SellaBand, in particular their artists. Each month Kompis publish a magizine with facts and news from the world of those artists and SellaBand. The issue of January 2010 has the following topics:

• It Took Off Quick! … Interview with Bulletproof Messenger
• Music Is A Quest Of Life To Me … Interview with Hind
• Promising Newcomers in December: Gussie Miller, Alex Highton, The Comeback and Eline Chiara
• Pete Strobl’s outlook to 2010
• Lucretia’s review of 2009
• An Artist Diary (Part 2) by Fleur Jack
• Slim Void Album Log
• Katie Thompson Album Diary
• Civilized Tears … Album Update
• Decide and succeed or continue to dream by Netvalar
• Artist News (Aly Cook, Cubworld, Chris Difford, Kirt, Nemesea, Kane Sole, Radius, Francis Rodino)
• the Monthly Charts of Truth by Thor

The magazine you can find yonder at 50K Music as pdf or at Scribd.com