Eddie Kasparian, also known as Kas Money, has a record deal and music video but has been unable to get distribution for his album.
Eddie Kasparian, also known as Kas Money, has a record deal and music video but has been unable to get distribution for his album.

Money the name, not the result



Abu Dhabi // Every morning, Eddie Kasparian puts on a suit and heads into a shiny glass and concrete building in downtown Abu Dhabi, where he works in the human resources department of an engineering company. If only his thousands of fans could see him now.

Kasparian, 26, who records under the name Kaz Money, has a management deal and a video on MTV Arabia. In December, he performed in front of 10,000 people at Dubai Media City as the warm-up act for the American rapper 50 Cent. But last month, he returned to his day job because he could not get his CD on enough record shop shelves. He is just one of a number of UAE-based artists struggling because of restrictions in music distribution and a lack of independent retail outlets to showcase local talent.

"There is no money in music making in the UAE," says Kasparian, who was born and raised in Abu Dhabi. "People think that as soon as you get signed and make a video that you will be rich and famous but it just doesn't work like that." Kasparian was signed last year by Creative Kingdom Records, an international label with studios in Dubai, and went on to record his debut album Timezup. Earlier this year, he also appeared with Karl Wolf, a Canadian hip-hop artist who has enjoyed much success in the Middle East.

But Kasparian, like other artists, has had trouble overcoming the limited distribution channels in the region. There are relatively few outlets for Western music, and content is subject to strict regulations. The strong language common to rap and hip-hop means that it can be found only in one shop chain, Virgin Megastores, with other stores unwilling to stock it. "Labels and distributors are not willing to put money behind people like me," Kasparian says.

"They would rather support mainstream established artists because there is no financial risk. "When we played before 50 Cent it was a huge step for us. After all, he is one of the most successful hip-hop and pop artists of our time. "But the reality is unless we have someone willing to market our music, we will never be able to rival his success. It is very different in the UAE compared to other countries."

Mauricio Tavares, the general manager of Creative Kingdom Records, says Kaz Money faces a difficult problem. "I believe in Kaz Money 100 per cent," he says. "Otherwise, I wouldn't have signed him. But the truth is there is only one place his CD will end up once it is distributed. In Virgin Megastores next to Jay-Z's latest album and other established artists. "The only way the consumer will be persuaded to choose Eddie's music over the rest is with a major amount of air play on local radios and a marketing campaign. That costs money and, of course, there is still no guarantee of return so investors simply shy away.

"It is a frustrating vicious circle, especially when you know the artist has talent." Kasparian began making music in 2001. Within a few months of recording tracks in his bedroom, he put his work online and generated an instant fan base. "It started off as a hobby because I loved creating my own music," he says. "I worked out of my own space with my friends. It didn't matter to me to get a record deal or anything like that. But when we made the website and were getting hits from Saudi Arabia, Palestine and all over the region we began to think we had something popular."

Kasparian and his team - a chorus of R & B singers, a producer and his brother, who works on the graphics and design - made an effort to establish Kaz Money as an artist. They played shows in Abu Dhabi and Dubai and sent demo CDs to radio stations, agents and record labels. In mid-2007, Creative Kingdom offered Kaz Money a deal and invested Dh500,000 (US$136,130) in producing the album. That year, as well as performing at shows with 50 Cent, Kaz Money supported Massari, a popular R & B singer from Lebanon, and Lloyd Banks, an American rapper who is part of the rap group G-Unit and has recorded with big names such as Dr Dre.

All that was missing, it seemed, was a distribution deal that would enable his fans to get their hands on his music rather always watching him perform live. He had some offers, but none led to a contract. Mr Tavares says if more people do not begin to support home-grown talent, artists such as Kaz Money will simply never be heard. "Nowadays, an artist is the product of marketing more than anything else," he says. "They can be as fresh or as original as they come but unless they have radio play, merchandise and lots of exposure they will never be the next Madonna or Justin Timberlake.

"It is happening all over the world; we hardly ever hear of new artists, just new music from the same people. "Add this to the restricted distribution channels and 'making it' in the UAE is even more difficult. "At Creative Kingdom, we believe that eventually there will be a legitimate music scene in Dubai and the UAE but it will take more concerted efforts from radio and TV channels to give local bands exposure before we can change the existing pattern."

Kasparian's songs are often about growing up in the UAE or social issues he feels strongly about, although some of his lyrics merely make general observations. He says he is more interested in displaying his "ability to come up with metaphors, rhymes and catchy lines" than courting controversy. "I'm very easy-going," he says. "I try to avoid the politics of the music industry as much as I avoid the politics of the country. Music is my passion and I love making it. When I know people enjoy listening to it, it is really frustrating that I don't have a platform to work from. Until I do, I guess I'm back in the office and music is back as my hobby, not my job."

@Email:aseaman@thenational.ae

The%C2%A0specs%20
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Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Match info

Costa Rica 0

Serbia 1
Kolarov (56')

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MATCH INFO

Manchester United 1 (Greenwood 77')

Everton 1 (Lindelof 36' og)

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs

Company%20Profile
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Company%20profile
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When is VAR used?

Goals

Penalty decisions

Direct red-card incidents

Mistaken identity

The biog

Family: He is the youngest of five brothers, of whom two are dentists. 

Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.

Where he works: Liberty Dental Clinic 

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
INDIA'S%20TOP%20INFLUENCERS
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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

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DUBAI CARNIVAL RESULTS

6.30pm Handicap US$135,000 (Turf) 2,410m

Winner Dubai Future, Harry Bentley (jockey), Saeed bin Suroor (trainer).

7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m

Winner Dubai Love, Patrick Cosgrave, Saeed bin Suroor.

7.40pm Dubai Dash Listed $175,000 (T) 1,000m

Winner: Equilateral, James Doyle, Charles Hills.

8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m

Winner Laser Show, Kevin Stott, Saeed bin Suroor.

8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m

Winner Glorious Journey, James Doyle, Charlie Appleby.

9.25pm Handicap $135,000 (D) 2,000m

Winner George Villiers, Tadhg O’Shea, Satish Seemar.

ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

'Laal Kaptaan'

Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

And%20Just%20Like%20That...
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PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

The specs: 2018 Jaguar E-Pace First Edition

Price, base / as tested: Dh186,480 / Dh252,735

Engine: 2.0-litre four-cylinder

Power: 246hp @ 5,500rpm

Torque: 365Nm @ 1,200rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.7L / 100km

Overall head-to-head

Federer 6-1 Cilic

Head-to-head at Wimbledon

Federer 1-0 Cilic

Grand Slams titles

Federer 18-1 Cilic

Best Wimbledon performance

Federer: Winner (2003, 2004, 2005, 2006, 2007, 2009, 2012)
Cilic: Final (2017*)

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Company%20Profile
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The%20specs
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

'Doctor Strange in the Multiverse Of Madness' 

   

 

Director: Sam Raimi

 

Cast: Benedict Cumberbatch, Elizabeth Olsen, Chiwetel Ejiofor, Benedict Wong, Xochitl Gomez, Michael Stuhlbarg and Rachel McAdams

 

Rating: 3/5

 

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