Elijah Adebero
Is it just an investment decision? Is it a way of divesting or a means of expansion? Is it a matter of fun or a matter of stress – if not distress?
Many believe the question of ‘distress’ shouldn’t arise in Don Jazzy’s world but they are nevertheless surprised at a decision emanating from him.
His popular label, Mavin Records, is likely to experience a change in ownership soon as the singer and talent manager, is looking for investment opportunities or considering the prospect of a complete sale.
This information was revealed in a statement posted on the Billboard website.
Billboard, a renowned music business platform founded in 1995, has long served as a gathering place for music lovers and industry insiders, providing a wide variety of information such as charts, music news, artist interviews, and exclusives.
A dramatic change in the landscape of the music industry is being signalled by Mavin Records’ decision to look for funding or maybe put itself up for sale.
“Mavin Records is seeking investment or eyeing a potential full sale with bidding coming from the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector.”
