According to a statement on the Billboard website, Mavin Records, the esteemed Nigerian record label led by Don Jazzy, is reportedly exploring the option of seeking investment or potentially selling the company.
Billboard, a reputable music industry platform established in 1995, is known for providing music enthusiasts and professionals with a wide range of content including charts, news, interviews, and exclusives.
This move by Mavin Records indicates a significant shift in the music industry.
According to sources cited by Billboard, Mavi
“Mavin Records is seeking investment or eyeing a potential full sale with bidding coming from the the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector.”
In a separate development, Korede Bello, a Nigerian singer, recently shared his feelings about his time with Mavin Records in a heartfelt post on his X account, expressing his admiration and appreciation for label boss Don Jazzy.
Korede Bello’s tribute was filled with genuine gratitude and admiration for the iconic music producer.
In Korede Bello word;
“And yes! Don J is a real one. Nobody’s perfect, but if there were only five people in the world who are close to perfection, then he is two of them…