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Black Author of 15 Books Says Hip-Hop is Worth $30 Billion But Rappers Only See 5% of That

February 5, 2024
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Nationwide — Latest Nielsen knowledge has revealed a big shift within the music panorama, with rap dethroning rock because the dominant music style in america. Hip-hop’s ever-strengthening maintain on mainstream tradition and the financial system is plain. Towards this backdrop, distinguished hip-hop monetary skilled and creator, Ash Money, delves into the intricate enterprise historical past of hip-hop in his new guide, 50 Years of Hip-Hop Enterprise: Reclaiming the Beat; The Journey from Exploitation to Empowerment, simply in time for Black Historical past Month.

On this meticulously researched retrospective, Ash Money, a former banking govt and famend creator from New York Metropolis, sheds mild on the multifaceted industrial trajectory of hip-hop, from its humble beginnings at Bronx home events in 1973 to its present dominance on streaming charts. He chronicles how hip-hop’s visionaries kick-started a youth-driven musical revolution, bootstrapping billion-dollar industries by sheer expertise and dedication. All of this was achieved regardless of the preliminary opacity and exploitation that hindered the inventive independence and honest monetary mobility of hip-hop pioneers.

By drawing consideration to the systemic unjust enterprise practices that proceed to disclaim hip-hop’s founding architects their rightful share within the immense cultural and monetary contributions they’ve made, Ash Money’s guide serves as each a profound cultural commentary and a well timed sociopolitical critique. The guide takes a stark take a look at the racial wealth disparity nonetheless plaguing hip-hop immediately, the place the trade’s valuation exceeds $60 billion, but creators themselves retain a mere 5% of that wealth.

Nevertheless, 50 Years of Hip-Hop Enterprise is greater than a lament for many years of disempowerment underneath predatory report label offers and restrictive contracts. In its second half, the guide pivots towards solutions-oriented discussions, charting a brand new course rooted in empowerment and possession. By highlighting pioneers who not solely overcame but in addition reshaped unfavorable deal phrases and constructions stacked towards them, the guide offers a blueprint for immediately’s hip-hop lovers striving for monetary independence by entrepreneurial endeavors. With readability and ambition, the guide serves as a rallying cry for a cultural renaissance, the place integrity and innovation, slightly than exploitation, outline the way forward for hip-hop.

This guide and Ash Money’s different 14 titles are all out there for buy at his official web site AshCashBooks.com

Additionally, make sure to observe him on Instagram @IAmAshCash

For assessment copies, media property, or interview requests, please contact Roz Smalls at 877-740-7240 x 700 or e mail Roz@IamAshCash.com



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