Fye Music Ent. just announced that it has closed its angel round investment of $1,500,000 USD led by Hong Kong China based investment firms SUN Capital Management and IMC Capital Investment.
Partnering alongside Chinese producer and junior partner of SUN Official Zeze, Perez has found himself thrown into the picture as the investment company is currently going through its transition of investment to digital assets and resources.
Fye Music Entertainment is on a mission to provide artists with more than just management and development, implementing financial consultation built into the company’s list of services. “Artists signing into a label without understanding financial knowledge is a major loophole in the industry,” said CEO Kamyrn Perez. In the next 5 years, Fye will focus itself on iO Development as well as the creation and establishment of a block chain-powered distribution platform that will allow music lovers to buy in a percentage of their favorite artist’s royalties.
Some of Fye Music Ent’s recent signings include Sunnie Quing, TŁO, Wb23min, and Jun5beatz among others. The recent rise of the Asian entertainment industry in Korea and China has only further propelled the company forward as it looks to expand its reach even deeper overseas. The label also announced a recent partnership with Tencent (QQ Music), NetEase, and other international platforms has allowed the Label to provide its artists with a winning edge on a global scale.