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Reclaiming master recordings is a celebratory moment for every artist. The feat empowers artists by reclaiming ownership of what is rightfully theirs as they now own the copyrights to the original sound recordings of their favorite tunes. According to The Philadelphia Inquirer, “‘By definition, that makes it the most authentic superior sonic account of the song.'” Not only that but owning one’s masters can be the stepping stone to creating wealth for future generations, thanks to royalties earned each time a song is played or duplicated. Although there is no fine print to the accomplishment, artists including Anita Baker, Rihanna, and Frank Ocean, have used their voices to earn back their master recordings. Here’s AfroTech’s inside look at their journeys.
Your paycheck helps you live, but accumulating wealth takes more than a steady 9 to 5 with a nice salary. The average millionaire has seven streams of income. Rather than solely earning a salary from a single occupation, financial prosperity is generated by multiple investments that earn money without requiring active work, also known as passive income. If you’ve ever heard someone say, “it takes money to make money,” or something along the lines of, “rich people make money in their sleep,” you’ve heard about passive income. Take a look at the first Black female and male musicians to reach billionaire status, Rihanna and Jay-Z. Rihanna went nearly bankrupt then grew a $600 million net worth. The majority of Jay-Z’s income is the result of smart investments and business ventures, such as clothing lines, sports teams, music streaming and restaurants. The path to wealth building is rarely that straightforward, however. The racial wealth gap offers some proof. According to the 2019...