More
    HomeEntertainmentMavin Records reportedly seeking investment or sale

    Mavin Records reportedly seeking investment or sale

    Published on

    Mavin Records is Nigeria’s foremost music label.

    One of Nigeria and Africa’s foremost labels Mavin Records is reportedly open to investment or an outright sale.

    In an article published by Billboard on October 6, 2023, Mavin Records is in the process of receiving external investment to either acquire a part of the label or an outright sale.

    The article revealed that interest has been shown by different investment companies and major record labels with Universal Music Group (UMG) and HYBE leading the race.

    According to Billboard, the investment and outright sale are valued at $125 million and could rise to $150 million or $200 million.

    Mavins have already signed collaborative deals with international outfits. Virgin Music which is an independent distribution company under UMG distributes Rema’s music in the United States.

    Mavin Records was founded by Nigerian music executive Don Jazzy after disbanding his previous Mohit Records. Mavin Records boasts of a large catalogue that includes the works of Wande Coal, Tiwa Savage, Reekado Banks, Korede Bello, Di’ja, Rema, Ayra Starr, Johnny Drille, Ladipoe, Boy Spyce, Bayyani, and the recently signed Lifesize Teddy.

    The news of the potential sale of the label didn’t come as a surprise to many who have been following up on the conversation. While appearing on the Zero Conditions Podcast, Don Jazzy stated that he might be open to selling Mavin Records should the right offer come. He also stated that in the event of a sale he intends to remain a primary figure running the company’s affairs.

    Latest articles

    Asake surpasses 1 billion Spotify streams across all credits

    Asake is the latest artist to join Afrobeats Spotify billionaires club. ...

    Fireboy will always remember his date with Madonna

    The Nigerian star says the American reached out to him on Instagram. ...

    How creators of Disney’s 'Iwájú' made the Lagos-based animated series

    In partnership with Kugali Media on February 28, 2024, Disney rolled out Iwájú, a...

    2 Nigerian men, Tokyo James and Yusuff Aina, teamed up at Milan Fashion Week

    Tokyo James and Yusuff Aina collaborated on a fashion show take took place Milan...

    More like this

    Asake surpasses 1 billion Spotify streams across all credits

    Asake is the latest artist to join Afrobeats Spotify billionaires club. ...

    Fireboy will always remember his date with Madonna

    The Nigerian star says the American reached out to him on Instagram. ...

    How creators of Disney’s 'Iwájú' made the Lagos-based animated series

    In partnership with Kugali Media on February 28, 2024, Disney rolled out Iwájú, a...