The manager to bands such as The Verve and Snow Patrol, Jazz Summers, is fronting a fund which aims to raise £10m to invest in new and established UK music talent. Mr Summers is joining forces with venture capital and advisory firm Power Amp Music to launch the tax-efficient investment vehicle. The Power Amp Music Fund will invest in up to 30 artists, with independent labels or concert promoters, in exchange for a share of revenues from recording and publishing, merchandising and live events. (The Telegraph)
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