RALEIGH, N.C., Nov. 7, 2013 /PRNewswire/ -- Royalty Exchange, the online marketplace for music and entertainment royalties, today announced the upcoming auction of royalties from the catalog of iconic R&B singer, songwriter, producer and six-time Grammy nominee, Kashif.
The week-long auction opens on Fri., Nov. 8 at 12 p.m. ET and concludes on Fri., Nov. 15 at 2 p.m. ET. The sale will feature royalty streams from more than 152 songs, including hits written and produced for Whitney Houston, Mariah Carey, Dionne Warwick, Janet Jackson, Kenny G, George Benson, Barry White, Lil' Kim, Evelyn "Champagne" King, Will Downing, Glenn Jones, Al Jarreau, Da Brat, Me'lisa Morgan, Johnny Kemp and Monica, just to name a few. As an artist, Kashif has been responsible for 17 Top 10 hits. As a producer/songwriter he has sold over 70 million records worldwide, earning him Grammy nominations in multiple categories.
Kashif originally signed with Arista Records as a solo artist in 1980, climbing the R&B music charts with hits like "I Just Got to Have You," "Lover Turn Me On," "Stone Love," "Help Yourself to My Love," and the Grammy-nominated instrumental, "The Mood." In 1983, his second album, Send Me Your Love, resulted in two more Grammy nominations for "Edgartown Groove," featuring Al Jarreau, and the instrumental hit, "Call Me Tonight." In 1985, Kashif received a fourth Grammy nomination for yet another instrumental entitled, "The Movie Song." He also wrote and produced "Inside Love" for his musical idol, George Benson.
It was also in 1985 that Kashif met and launched the career of then-unknown Kenny G with the electrifying, "Hi How Ya Doin" and "Nighttime in Tribeca." The same year, Kashif collaborated with a newcomer named Whitney Houston, resulting in the smash hit "You Give Good Love," which instantly sent her career into the stratosphere. Kashif also produced and was Houston's duet partner on "Thinking About You," a track from Houston's first album which became the top-selling debut album of all time by a female artist. Kashif also produced "Where You Are" on Houston's second album, Whitney, which sold 15 million copies.
In 2004, Kashif was inducted into the R&B Hall of Fame as a "Living Legend." He is recognized as a brilliant musical talent who continues to have a major impact on the recording industry. The product of eight foster homes, Kashif has not only achieved critical acclaim as an artist and producer, he is the author of the highly successful book, Everything You'd Better Know About the Record Industry, an insider's guide to navigating a professional career in music. Kashif has also taught courses at UCLA through its extension program.
Kashif resides in Maui, Hawaii, where he plans to help provide educational and arts programming for youth and those interested in the music and entertainment industries. In addition, he is currently directing and producing a 10-part documentary film series entitled, The History of R&B Music and Its Influence on World Culture. The artist intends to use part of the proceeds from the royalty auction to help develop educational programs and to finalize production and secure worldwide distribution for the documentary.
"Kashif is a remarkable talent who has had a significant impact on R&B and the music industry overall," said Sean Peace, CEO and founder of Royalty Exchange. "Not only does his song catalog include top-selling singles known the world over, his legacy as an R&B legend makes these properties even more valuable to the informed investor."
Royalty Exchange is the first company in the music industry to offer royalty valuation and sales alternatives to artists, providing enhanced flexibility, choice and control regarding one of their most valuable assets. Songwriters, performers and producers now have the option of liquidating any percentage of a royalty asset in order to raise capital. Royalties are packaged as an alternative investment and sold through a secure online auction platform, generating sale prices many times higher than the average annual income they earn.
For more information on the Kashif catalog auction, please visit www.royaltyexchange.com/auctions/kashif-collection.
About Royalty Exchange
Founded in 2011, Royalty Exchange is a secure, transparent and efficient online marketplace for buyers and sellers of royalty revenue streams in music, entertainment, publishing, patents and trademarks. This alternative investment platform was created to open up access to these highly lucrative assets and offer liquidity to the market. Royalty Exchange is owned and operated by veteran royalty rights experts and is advised by global leaders in the legal, financial, and technology industries. For more information on Royalty Exchange, please visit www.royaltyexchange.com.
SOURCE Royalty Exchange