Nigerian singer and businessman, Mr Eazi has revealed his company’s (emPawa Africa) plan for the 18 months and how they will execute it.
Mr Eazi
Notifying fans about his plan via a post on his verified Twitter page on the 22nd of March, Mr Eazi disclosed that he won’t be signing any new act at least for the next 18 months. Rather, his company (emPawa Africa) will only invest in content & provide artist advances up to 200% of past annual streaming revenue (averaged) in partnership with a bank. He wrote;
Wont be signing any artists for the next 18 months! @emPawaAfrica will Only investment in Content & provide Artist Advances up to 200% of past annual streaming revenue (averaged) in Partnership with a bank.
More To Come
Wont be signing any artists for the next 18 months! @emPawaAfrica will Only investment in Content & provide Artist Advances up to 200% of past annual streaming revenue (averaged) in Partnership with a bank.
More To Come
— The Evil Genius (@mreazi) March 22, 2021
He further explained what the above tweet meant for content creators;
Meaning if you own your own content and have proof of earning x annually from the previous year, you can get up to 2x of That as a royalty advance with @emPawaAfrica
Meaning if you own your own content and have proof of earning x annually from the previous year, you can get up to 2x of That as a royalty advance with @emPawaAfrica
— The Evil Genius (@mreazi) March 22, 2021
Mr Eazi recently dropped an EP dubbed, “Something Else”.
Listen to Something Else here.
