Ex-Wu-Tang GM Starts Firm To Help Hip Hop Artists Own Local Businesses

[Prolifical ENG]

Fri, 22 Jun 2007
Cedric Muhammad, former GM of Wu-Tang Management in the mid to late 90s has started CM Cap (http://cmcap.com), the first firm dedicated to helping Hip-Hop artists start non-music industry-related businesses. The business has already advised hip hop artist rapper David Banner (http://www.cmcap.com/home.asp?sec=news) and continues to work with major as well as underground and independent hip hop artists and moguls in establishing brick-and-mortar businesses in local communities.
Cedric Muhammad explains: "Having been in the music business and understanding what artists go through and the power they have, I felt it was time to formulate my insight, experience, political and business network into a service that would serve the needs of today's Hip-Hoppreneur. They are ready to become leaders outside of the music industry, and our goal is to support and guide them into new forms of power, service, and wealth. Privately, artists admit they have a responsibility to the communities that have produced and supported them, and they are looking for ways to grow their influence beyond the spoken word and music industry. They also realize the need for more income sources as the rap music genre declines in sales. They appreciate the fact that we respect them as more than entertainers, and we are here to show them how to get money in ways that connect them more closely to the streets and the 'hood."






http://www.hiphoppress.com/2007/06/ex-wu-tang-gm-s.html

[Tangaz]

Kudos Cedric! I can see him makin' a bit out of it himself, but that's still a much commendable idea. I look forward to seeing good things...

[Edgar Erebus]

Another reason why Hip-hop sucks in 2007.

Rappers being more of capitalists than artists.