Music Producer And Singer, DON JAZZY Has Sold Mavin Records

Date: 27-02-2024 5:58 am (1 month ago) | Author: Olusanya Akinrinola
- at 27-02-2024 05:58 AM (1 month ago)
(m)

He sold it to Universal Music Group (UMG), one of the world’s largest music companies
UMG today announced its acquisition of the majority stake in Mavin Records.
In a press statement on Monday, UMG said the agreement was still awaiting approval from regulatory authorities, and it is anticipated to be finalised by the third quarter of 2024. However, the company did not disclose the value of the acquisition.
Quote
“Universal Music Group (UMG), the world leader in music-based entertainment, today announced a majority investment in one of the world’s most dynamic and exciting independent record labels, Mavin Global (Mavin). The deal remains subject to regulatory approval and is expected to close by the end of Q3 2024,”
it stated.
Last year, Billboard reported that Don Jazzy sought to explore options for a sale or potential investment in the record label founded in 2012.

According to UMG’s statement, Mavin will retain independence in shaping its strategies and nurturing future talents without external interference.

It added,
Quote
“As part of the agreement, founder and CEO Don Jazzy and COO Tega Oghenejobo will continue leading the company.”
Mavin Records is a talent hub with stars like Rema, Ayra Starr, Crayon, Ladipoe, Johnny Drille, Magixx, Bayanni, Boyspyce, DJ Big N, and Lifesize Teddy.


Posted: at 27-02-2024 05:58 AM (1 month ago) | Hero
- fineboy77 at 27-02-2024 07:35 AM (1 month ago)
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 Huh? Huh? Huh?

Posted: at 27-02-2024 07:35 AM (1 month ago) | Addicted Hero
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- Benti247 at 27-02-2024 11:40 AM (1 month ago)
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So no more DON JAZZY AGAIN ?
Posted: at 27-02-2024 11:40 AM (1 month ago) | Gistmaniac
Reply
- gogoman at 27-02-2024 03:44 PM (1 month ago)
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Good for him!! before it turn to zero
Posted: at 27-02-2024 03:44 PM (1 month ago) | Grande Master
Reply
- Holopid at 27-02-2024 05:28 PM (1 month ago)
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 Roll Eyes
Posted: at 27-02-2024 05:28 PM (1 month ago) | Gistmaniac
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- kp45 at 27-02-2024 08:52 PM (1 month ago)
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Ok
Posted: at 27-02-2024 08:52 PM (1 month ago) | Addicted Hero
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fire TRENDING GISTS fire

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