Fan-funded music platform MyMajorCompany (MMC) will launch in the U.K. on Oct. 18. MMC is a little different to your average fan funded platform. MMC has an A&R team that sign acts and then add them to the site. Once added to the site fans then have the option to opt-in and fund them.

MyMajorCompany launched in France in 2007 and now has 28 fully financed artists with a community of 92,000 registered users (this does seem relatively small for a company thats three years old).

MMC has amazing stats! The French singer songwriter Gregoire’s “Toi + Moi” became the first fan-funded platinum (200,000 units) album in France. It peaked at No. 2 in France and was distributed by Warner Music. The album was funded by €70,000 ($97,800) invested by 347 MMC users.

In France, MMC has retained ownership of the master recordings. Investors receive a share of the revenue after distribution costs, with the artist and MMC also taking a share.

MMC said one French investor put in €6,000 ($8,400) and received a return of €118,000 ($165,000).

“The model takes into account the amazing and endless opportunities offered to this new generation of artists but at the same time it takes a realistic approach to the professional needs which are and will always be required to support the artists work and promote it to the consumer,” said Paul-Rene Albertini, ex-Chairman and CEO of Warner Music International and now CEO of MyMajorCompany in the U.K. “This requires creative but also logistic added value. MMC offers both.”