Grammy Award-winning musician, composer, and producer Wyclef Jean says the music industry is broken, which is why he’s now involved with a startup, OpenWav , that’s looking to give the power back to the artists. Through the OpenWav app, launched over the summer, artists can drop new music and exclusives, connect directly with fans, sell merch, host concerts, pop-ups, and listening parties, and more.
Later, the startup plans to offer more assistance to artists using AI tools.
Speaking at the Fortune Brainstorm Tech conference this week, Jean, now Chief Creative Officer at OpenWav, had harsh words for the state of the music industry, particularly criticizing the business model of streaming services.
“If you’re a new artist, the amount of streams that you have to [accumulate] to get