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Investing in music is risky

Investing music is risky INVEST, from Page 1H depending on which label he was recording for at the time. In the mid-'70s, bassist Bootsy Collins founded his own Rubberband, which has remained tied to Clinton's organization. In fact, Clinton is part owner of Collins' production company. And more spin-off bands from the Clinton circle followed. About three years ago, though, Dunbar said, Clinton began a concerted program of funneling money back into the organization and expanding it. That money primarily went for studio time to experiment with new bands and ideas. TODAY CLINTON'S constellation includes about a dozen acts (including the Brides of Funkenstein, Parlette, Zapp, Troutman's Human Body, the Sweatband, Philipe Wynne, formerly of the Spinners, and, most recently, the infamous Sly Stone), his own label (Uncle Jam) and production deals with companies including Warner Bros., Casablanca, Arista and Atlantic. Altogether, in the last few months, four albums, in which he is somehow involved, appeared on the Billboard Top 200. And several other albums are in various stages of completion. George Clinton nurtured his bands into a musical empire. Now, after playing a considerable part in developing the black* pop genre as funk, he is bracing to expand into the predominantly white new wave rock arena with bands like Gary Fabulous, Maruga and the Soda Jerks, the Mutants and others. He apparently plans to enter the Hispanic market as well on the Choza Negra label. But even Clinton is looking outside music for his investment portfolio, according to Dunbar. He recently acquired 190 acres of investment property in Michigan and he is looking at TV, video and the movies these days. "Now he has the situation he's always dreamed of, and, with all these incomes, he can get off into the heavy investments," Dunbar
Article from 22 Feb 1981Detroit Free Press(Detroit, MI)
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