A multi-million dollar deal is turning major heads in the music industry, which will allow artists to keep their masters and publishing rights.
We’re told Sheikh Fye & his brother Modou Fye — who founded a world-class Entertainment Company known as F.A.M.E. — recently partnered with an investment group and launched an innovative new payout structure for advances to musicians.
A massive deal was recently offered to Young Angel, and the new faces of independent artist Drakeo The Rulers Stinc Team, which includes Ralphie The Plug, Sayso The Mac, OTM, Young Bull, Good Finesse, Denero Da Dough Hunter and K7 The Finesser. This offer is the talk of the town in the independent artist community because the artist will still keep all control of their masters, their publishing, creative control of their music, merchandise sales, touring, and endorsement deals.
“We’re creating the new system of artist development creating an avenue for major labels to be able to invest in brands that are already independently built and ready for joint ventures,” Fye said of the deal. Adding, he was very clear about his vision for F.A.M.E. which he sees as a breath of fresh air to an industry he feels has lost the trust of its Artist community.
The company has also made offers to well-known veteran artists such as Ray J, Marques Houston, Oj Da Juice Man, Canibus, Teeflii, and many more who have seen this new model as a way to continue to build their careers.
Shockingly, Sheikh has even mentioned interest in offering a game-changing deal to newly independent megastar Chris Brown who just recently bought back his masters.
“Imagine an artist like Chris Brown receiving millions of dollars in an advance for future streaming without giving up his legacy money which is his masters and publishing, the thought alone is groundbreaking,” Sheikh said.
The process is simple. According to the company if you are an independent artist, manager, or label and are interested in attacking the music industry in a different way, head to their website — www.istayfamous.com — to check out their label services and most importantly click on the artist funding tab to see if you qualify for funding.
The artist funding experience itself is interactive giving the user the ability to create their own deal by choosing what they want songs in their catalog they want to be advanced for and for how long. Plus, in some cases, artists receive a call from the CEO himself who takes a hands-on approach to the business.