Posted by K-Boogie | Posted in Music Business, News | Posted on 19-11-2009
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Posted by K-Boogie | Posted in Hip Hop, News | Posted on 09-10-2009
Wu-Tang Clan man and ‘The Wire’ actor arrested in New York
Method Man has been arrested and charged with tax evasion in New York.
The Wu Tang Clan rapper, real name Clifford Smith, turned himself in to police on Monday (October 5), after an arrest warrant was issued due to him reportedly failing to pay almost $33,000 in personal income taxes.
His arrest was confirmed in a press release from the district attorney’s office in New York’s Staten Island, reports MTV News.
The rapper has been charged with a repeated failure to file personal income and earnings tax, along with a further charge of misdemeanour failure to pay tax.
If found guilty of the offences, Method Man could face up to four years in prison.
A court date is yet to be set, but Staten Island District Attorney Daniel Donovan said the rapper will not receive any special treatment when his case is investigated.
“Taxes are a burden that all citizens share in a civil society, whether you’re an average Joe on the street or a high-profile rap artist,” Donovan said in a statement. “Because of the alleged action of people like Mr Smith, law abiding citizens face higher taxes and reduced government services.”
Along with being a member of the Wu Tang Clan and a solo artist, Method Man has also pursued a career in acting, most notably as Calvin ‘Cheese’ Wagstaff in ‘The Wire’.
Chuck D and co sign a deal with fan funding engine SellaBand
Public Enemy are asking fans to help fund the recording of their next album.
The rap collective have signed a deal with fan funding engine SellaBand, and are aiming to raise $250,000 in increments of $25 in order to record and release the as-yet-untitled album. In return, fans who invest in the album will receive a share in the revenue of the album, as well as a numbered copy of it.
Speaking about the deal in a statement, Public Enemy’s Chuck D hailed SellaBand’s business model.
“SellaBand’s financial engine model goes about restructuring the music business in reverse,” he explained. “It starts with fans first, then the artists create from there. The music business is built on searching for fans and this is a brand new way for acts to create a new album with fans first, already on board.”
Public Enemy are the first high profile band to sign a deal with SellaBand, which is based in Amsterdam. Under the deal, they will retain complete ownership of the album, and can also choose how fans are rewarded for funding them.
Wu-Tang Clan man and ‘The Wire’ actor arrested in New York
Chuck D and co sign a deal with fan funding engine SellaBand
