added: 27 Sep 2013 // by: Music-News.com Newsdesk
This afternoon at Reeperbahn Festival Dave Stewart announced his latest groundbreaking project. He is to get into the money lending business with FAB.
Details were sketchy but as Music-News.com understands FAB (First Artist Bank) is to provide all round security for up-and-coming, established artists and even their fan bases.
In his keynote speech marking the opening of Hamburg's Reeperbahn Festival 2013 the musician, scriptwriter, photographer, entrepreneur, promoter and social activist has added yet another string to his bow with the launch of FAB.
Music-News.com were there to witness the event which was entitled "Where Is The Money". With the announcement Stewart declared "FAB is the beginning of a new world order."
The grandiose statement continued to boast:
FAB understands and empowers the artists community. FAB invests in and lends money to our menbers to enable their creative projects. FAB helps artists manage their creative projects. FAB helps artists manage digital assets and intellectual property in addition to financial assets.
An artist focused model centered around a community bank.
Technology and social media services for the global artistic community.
Partnership driven utilizing new and established companies that share our vision.
He continued to elaborate "FAV (First For Artist Ventures) will further enable artists through a combination of investments and partnerships FAV is creating a media company for the 21st century.
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