Popular Nigerian singer David Adeleke professionally known as Davido has congratulated Don Jazzy as he sells majority stake of Mavins Records to Universal Music Group for billions of Naira.
Recall Tontrends reported that Universal Music Group (UMG) has finalized the acquisition of a majority stake in the Nigerian record label, Mavin.
In a statement issued on Monday February 27th 2024, UMG announced that the deal, which is subject to regulatory approval, is anticipated to conclude by the end of the third quarter of 2024.
Don Jazzy via his verified Instagram page also announces Mavin Records’ official partnership with Universal Music Group.
He 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.”
Reacting to the latest development in the Mavin Records label, Davido showered encomium on Don Jazzy as a way to give him his flowers for a job well-done in the Nigerian music industry. He also referred to Don Jazzy as the king.
Don Jazzy wrote; “JAZZY !! 👑.”
See the post below;
See reactions below;
only1brytos: We are supposed to be weeping for Afrobeats not congratulating Jazzy… Gradually these white folks are buying Afrobeats from us. Smh 🤦🤦🤦🤦.
futospotlight_: Is a good thing or bad thing… Mk person explain to me abeg… Asin who now owns Marvin.
ikandilicious: THIS IS BAD! THE OYINBO PPL WILL SOON USE OUR AFROBEAT ARTIST AND STEAL WHAT IS OURS. DON JAZZY SOLD HIS SOUL AND THE SOULS OF ALL HIS ARTISTS ON THE LABEL TO ANOTHER LABEL THAT WANTS TO USE THEM AND LOSE THEM 🤦🏽♀️ TERRIBLE MOVE.
ak.chase20: Modern day slavery White man can’t invest where he don’t have something to hijack 😂.
krist_4r_: That’s means their song no go Dey TikTok again.
__tobe_: Na good news Abi bad news ? 🤧🤧😤😮💨.
retrowears.ng: They are coming to take afrobeat way from us. They will start deciding how our artists should sound.
ubigho_omena: Is korede belle ,tiwa savage and rekado banks still under mavins records ?