While Lil Wayne is still languishing under his contract with Cash Money records, he wont be needing funding from his label anytime in the near future. According to HipHopNMore, Wayne has parted with musician-focused finance firm, Sound Royalties, in order to secure funding for potential upcoming projects.
Sound Royalties focuses on providing artists with the funding to release projects, while keeping the copyrights and masters in the hands of the artists that create them. They also find unpaid royalties, and let artists take a higher percentage of those royalties. Judging by Wayne’s label struggles, this seems like a perfect fit for him.
In a statement, Lil Wayne said, “Nothing is going to hold back my creativity this year. I am very excited to be teaming up with Sound Royalties to help bring my plans for 2018 to life. Sound Royalties understands the music world and is helping me utilize my past successes to fund and propel new projects and to continue creatively evolving.”
Sound Royalties’ founder and CEO Alex Heiche also stated that, “Our team provides artists, songwriters and producers with what they need to focus on the music and keep creating the songs that lift us all up and make our lives better. We are thrilled to be working with Lil Wayne and look forward to witnessing the continued musical excellence he will deliver in 2018.”
While Wayne doesn’t specify exactly what those projects are, they will presumably be music-focused. While fans haven’t been lacking for Lil Wayne projects, this new funding can only help to appease those who are still waiting for the release of Tha Carter V, which has been stuck in industry limbo for years.