Quote:
“Originally posted by Plant
I read somewhere this week that so far everyone involved with FA (Mercury, Endemol, BBC) have lost money on it. So I doubt if they will risk another. ”
I have heard loads of people say the BBC lost money on the first one.....
except......
how come the BBC is launching a £1m fumd to help aspiring artists "raised from the profits of the first fame academy"
will post link here when I find it again...
Here it is
Quote:
“Fame Academy launches talent fund
Winner David Sneddon will help choose the recipients
A £1m bursary to help budding pop stars has been set up using funds from Fame Academy phone votes and CD sales.
The BBC is donating its share of the profits from the 500,000 Fame Academy compilation CDs that have been sold so far, as well as CDs released by winner David Sneddon.
Sneddon, a former busker, gets a seat on the fund's board of trustees to help decide how the money is spent.
Some money will go to Children In Need, with the board to decide who deserves a share of the remaining cash.
The BBC has not finalised details of how the fund will work and who will be eligible to apply.
But it will be used to help "young people achieve excellence in the performing arts", a statement said. ”