Entertainment industry finance firm Sound Royalties and Wyclef Jean have entered into a new collaborative partnership.
The artist, songwriter, producer, actor and activist is using financing from Sound Royalties to back his music publishing and distribution company focused on creative talent in Africa and other emerging markets.
Wyclef Jean’s new company, Carnival World Music Group, provides creative artists with music publishing and distribution resources.
Wyclef Jean joins a roster of artists that have partnered with Sound Royalties including Pitbull and Lil Wayne, among others.
Founded by CEO Alex Heiche (pictured right) in 2014, Sound Royalties helps creatives fund projects without having to put their copyrights at risk.
Advances are based on royalty streams, not personal credit, and Sound Royalties says that it never takes possession of a client’s copyrights ‘under any circumstance’.
A native of Haiti who immigrated to the US when he was nine, Wyclef Jean rose to stardom as a founding member of the Fugees.
The group’s 1996 album, The Score won two GRAMMYs. Wyclef Jean’s first solo album, The Carnival, earned three Grammy nominations, and his work as producer on the Carlos Santana album Supernatural brought a third Grammy win.
He has achieved success as a songwriter for artists including Whitney Houston, among others, as a film composer and as an actor on series such as Third Watch, Nashville and Law & Order.
“The demand for music from Africa and other developing regions is growing, and these professional creatives deserve to be a part of the international music marketplace.”
“The demand for music from Africa and other developing regions is growing, and these professional creatives deserve to be a part of the international music marketplace,” said Wyclef.
“There is a need for them to have open access to global publishing and distribution options that protect their rights and ensure they’re fairly paid.
“This initiative not only introduces and launches new talent, but helps creatives around the world thrive in their careers.”
“This partnership is a terrific example of how our financing platform can have a profound impact on both artists and fans around the world, and on the music industry overall.”
“Over his career, Clef has demonstrated the ability to use the power of music to transform lives,” said Heiche.
“I was excited to hear about his plans to fund songwriters and artists that typically don’t have the same options as those working domestically.
“This partnership is a terrific example of how our financing platform can have a profound impact on both artists and fans around the world, and on the music industry overall.” Music Business Worldwide