- Jean says the goal of his new joint venture is to groom fiscally informed and responsible artists.
- The initiative will be executed through his recently established music publishing and distribution company, Carnival World Music Group.
Haitian-born American musician Wyclef jean has raised $ 25million to invest in music songwriters and producers from Africa and other developing countries.
While speaking to Forbes magazine about his latest venture, the 3-time Grammy award winner said: “the demand for music from Africa and other developing regions is growing and these creatives deserve to be part of the international marketplace.”
“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.”
Carnival World Music Group received financial backing from Sound Royalties, an entertainment finance firm that helps music professionals fund personal and professional projects without ever taking ownership of their copyrights, empowering creatives to choose from a variety of flexible pricing options.
A Ghanaian High school rapper caught the attention of Wyclef and has since posted and looked for him on his social media account.
Equipped with $25 million in capital investment, Carnival World Music Group will launch later this year in search of new talent. He also revealed that distribution and publishing for the outfit would be handled by New York-based Heads Music.