(CelebrityAccess) – Wyclef Jean’s Africa-focused music publishing and distribution company Carnival World Music Group has secured financial backing from entertainment industry finance firm Sound Royalties.
The firm, which was founded by CEO Alex Heiche and has previously backed projects by Lil Wayne and Pitbull, is known for providing royalty advances to artists, producers, and songwriters without taking ownership of their copyrights.
Heiche said in a statement: “Over his career, Clef has demonstrated the ability to use the power of music to transform lives. 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.”
Jean added: “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. 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.”