Mr Eazi raises $20 million to invest in African music creatives

Posted by E.L.E.X on July 18 2020 under Celebrities









Popular Nigerian singer, Oluwatosin Ajibade known professionally as Mr Eazi is raising $20 million to invest in African music creatives.

mr eazi quit 6000 per month job
Mr Eazi

The singer told Cable News Network how he plans to create a new funding model for the music business on the continent through the Africa Music Fund (AMF).

In his words ;

“Artists cannot go to banks to get money for their music because financial institutions don’t understand how to secure intellectual property. They get it for physical properties but not for music. So, because not a lot of people understand the music business, there is no finance product for musicians.”

Selected artists will be funded depending on their revenue and projected incomes, using metrics such as streaming revenue, the initial advance invested in an artist’s music will be paid back in installments as the artist’s earnings start to rise, he added.




YOU MAY ALSO LIKE

Related Posts Pictures

New evidence submitted against Hushpuppi in California

Related Posts Pictures

BBNaija 2020: Nengi Confirms Butt Surgery, Reveals Regret (Watch Video)

Related Posts Pictures

Regina Daniels mother curses troll who accused her of setting her daughter up for the "single mother life"

Related Posts Pictures

Davido Is The Real Odogwu Not Burna Boy – Cubana Chief Priest Speaks (See What He Posted)

Related Posts Pictures

The Pool Party That Got Many People Wasted(WET WILD N WASTED BY DJ VAL)

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949