December 17, 2009 2:16

Public Enemy struggling to fund album via fan investment

The rap group have only raised $70,000 of their $250,000 target

Public Enemy are struggling to fund their new album via fan investment, having raised just over $70,000 of their $250,000 target.

The band, who signed a deal with fan funding engine SellaBand, are trying to raise $250,000 in order to record and release the as-yet-untitled album.

Despite having quickly raised over $50,000 during the first few weeks, the group are currently $180,000 short of their total.

"Believers" as Sellaband call fans who get involved, can invest in increments of $25 (£15) in exchange for copies of the album and limited edition T-shirts, while bigger contributions can lead to executive producer credits and even a studio visit when the group record the album.