DON JAZZY has SOLD Mavin Records

DON JAZZY has SOLD Mavin Records

DON JAZZY has SOLD Mavin Records!

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.

“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, “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.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Idbragga

All author posts
Related Posts
Chidinma having a magical and pleasantly unreal quality In These Latest Photos Of Her
Chidinma having a magical and pleasantly unre...

Chidinma Ekile recently released some lovely photos and we just can’t get over how lovely she looks in them. The...

Vanessa Bryant seeking hundreds of millions in damages as she sue
Vanessa Bryant seeking hundreds of millions i...

The wife of the late Kobe Bryant, Vanessa Bryant, has added new documents to her wrongful death lawsuit against...

This Is What Actress Tonto Dikeh Loves More Than Sex
This Is What Actress Tonto Dikeh Loves More T...

Actress Tonto Dikeh has declared what she loves more than sex and it is food. The actress posted a...

Write A Comments