Don Jazzy, the head of Mavin Records, has finally spoken out after Universal Music Group purchased a majority stake in his record label.
Universal Music Group announced on Monday, February 26th, 2024 that the deal is still pending regulatory approval and is projected to be finalized by the end of the third quarter of that year.
Despite the acquisition, Don Jazzy and COO Tega Oghenejobo will continue to lead Mavin Records.
Confirming Universal Music Group as a majority shareholder in Mavin Records, Don Jazzy wrote;
“Dear Mavin Family, I’m thrilled to announce that Mavin Records has partnered with Universal Music Group, marking a new chapter in our journey. This partnership is a milestone that recognizes our collective talent and hard work, aiming to elevate African music on the global stage.
Our collaboration with UMG will bring more music, innovation, and opportunities, allowing us to showcase African talent worldwide. While we embark on this exciting new path, our core mission and values will remain intact, ensuring that the essence of Mavin and our commitment to pushing musical boundaries continue to thrive.
This step forward is a testament to the dedication of our artists, staff, and, importantly, you, our fans, whose unwavering support has been instrumental in reaching this moment. Together, we look forward to making history, breaking more records, and building a lasting legacy.
Thank you for your continued belief in us. Here’s to our bright future together.
#MavinActivated.”
See Don Jazzy’s post below;
