Business

Wyclef Jean Raises $25 Million To Support and Empower Artists in Africa and other Developing Countries

International artist and producer Wyclef Jean is using his business acumen to empower and invest in songwriters and producers in African countries and other emerging markets. Earlier this week, his company, Carnival World Music Group, revealed that it raised $25 million in capital funding that will be allocated toward providing creative artists with music publishing and distribution resources to promote their music and earn royalties. According to Jean, artists need this type of publishing and distribution support especially in light of the rise of Afrobeats and the growing expansion of digital streaming.

“The demand for music from Africa and other developing regions is growing and these creatives deserve to be part of the international marketplace,” said The Fugees founder, according to Forbes. “There is a need for them to have open access to global publishing and distribution options that protect their rights and ensure that they are fairly paid. This initiative not only introduces and launches new talent but helps creatives around the world thrive in their careers.”

After decades in the music business, the hip-hop veteran says he’s learned that producing, rapping, and singing will only earn so much cash. The real money is generated from publishing rights, which are often awarded to the songwriters, composers, and the publishing companies behind the music. For example, he and the Fugees only saw a fraction of the money earned from their iconic cover of Roberta Flack’s “Killing Me Softly.” Much of that money, he says, went to the song’s composer Charles Fox.

“When I produced ‘Killing Me Softly’ for The Fugees, we were making money, but I made somebody like $3 or $4 million that had nothing to do with us or Roberta Flack,” Jean told Fast Company. “The person that I made the money for was the composer. I understood then that I was on the wrong side of the business. I can’t just be on the side of the curtain cutting samples and doing a remix. I have to be part of the songwriting, and so for me, I also encourage kids that writing music is very important right now—not just for putting music out right now, but so that you can build your publishing catalog. In order for you to survive in this industry, we encourage kids to understand that their publishing is real estate.”

Last month, Carnival World Music Group received financing backing from Sound Royalties, an entertainment finance firm that provides creatives with funding for personal and professional projects without taking ownership of their copyrights. Jean’s burgeoning company also partnered with Heads Music, a distribution company founded by music industry vet Madeline Nelson, which will handle global music distribution.

Jean says the goal of his new joint venture is to groom fiscally informed and responsible artists. “[This is] a label that’s actually going to care; a distribution company where kids can go and look at the back end of what they’re actually making,” said the Haitian musician. “If they don’t understand what they see on the dashboard, they could pick up the phone and actually call people that will care about explaining to them parts of the analytics. It turns them into businesspeople overnight.”




Source link

health news headlines provided courtesy of Medical News Today.

Advertisement

Advertisement Small

Follow Me

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.

View More Job Search Results

Calendar

August 2020
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Pages

Recent Comments

    RSS Meks Blog

    • Top 15 WordPress content plugins and tools to improve your visibility and rankings July 16, 2020
      Let’s take a look at some of the must-have WordPress content plugins and tools to use to improve both your UX and rankings. The post Top 15 WordPress content plugins and tools to improve your visibility and rankings appeared first on Meks.
      Ivana Cirkovic
    • WCEU 2020 recap – key takeaways from the biggest online WordPress conference June 9, 2020
      Missed WCEU 2020 and all the exciting stuff from there? Here are all the key takeaways and main points to remember so, take notes! The post WCEU 2020 recap – key takeaways from the biggest online WordPress conference appeared first on Meks.
      Ivana Cirkovic
    • How to change the WordPress username? An easy step-by-step guide May 14, 2020
      Wondering how can you change WordPress username once you set up your blog or site? Read all about it in our helpful guide! The post How to change the WordPress username? An easy step-by-step guide appeared first on Meks.
      Ivana Cirkovic
    • What’s the best WordPress comment plugin to use? April 13, 2020
      Wondering whether to use WordPress comment plugin or go with the native option? Here are our thoughts and recommendation on which one to choose. The post What’s the best WordPress comment plugin to use? appeared first on Meks.
      Ivana Cirkovic
    • Top 12 WordPress Newsletter plugin recommendations March 17, 2020
      What better way to gain more subscribers and grow your email list than with a little help of a top WordPress newsletter plugin, right? Only, with so many of them on the market – which one to choose? The post Top 12 WordPress Newsletter plugin recommendations appeared first on Meks.
      Ivana Cirkovic
    • Top 3 proven methods to monetize your WordPress site or blog December 17, 2019
      Eager to learn how to monetize your WordPress site or blog in an easy way? Read our guide and learn all about it! The post Top 3 proven methods to monetize your WordPress site or blog appeared first on Meks.
      Ivana Cirkovic
    • Top 8 WordPress audio player plugins to enhance your podcast or music November 15, 2019
      What are the top WordPress audio player plugins to choose from for your next music or podcast project? Take your pick from our suggestions! The post Top 8 WordPress audio player plugins to enhance your podcast or music appeared first on Meks.
      Ivana Cirkovic
    • How to add Instagram photo feed to your WordPress site (in 5 minutes!) October 1, 2019
      How (and why) to add Instagram to WordPress and see more benefits from that match? We give you all the details and tools to do it successfully yourself! The post How to add Instagram photo feed to your WordPress site (in 5 minutes!) appeared first on Meks.
      Ivana Cirkovic
    • 15 best headline & blog title generator tools to easily boost your SEO September 12, 2019
      Ready to increase traffic to your website today? Use these headline generator tools and improve your click-through-rates! The post 15 best headline & blog title generator tools to easily boost your SEO appeared first on Meks.
      Ivana Cirkovic
    • How to create a Facebook Page for your blog (plus PRO tips) September 4, 2019
      Wondering how to create a Facebook Page for your blog knowing that you really do need one? Follow our in depth guide and learn how to create and manage attractive and successful Facebook Page! The post How to create a Facebook Page for your blog (plus PRO tips) appeared first on Meks.
      Ivana Cirkovic

    Text

    Distinctively utilize long-term high-impact total linkage whereas high-payoff experiences. Appropriately communicate 24/365.

    Archives