Davido Reveals He Ran Label For Four Years Without Collecting ‘A Dime’ From Signees In Interview

Superstar Afrobeat musician Davido Adeleke reveals how, over four years, he operated his record company, DMW, as a charitable haven for musicians. This information was disclosed in a recent interview with American media personality Steve Stoute during a UnitedMasters SelectCon 005 panel discussion in New York. During the interview, Davido explained that he wanted to create a supportive environment for up-and-coming artists to freely express their creativity without worrying about financial constraints. He emphasized the importance of giving back to the music community that had nurtured him and expressed his hope that other successful artists would follow suit.

According to Davido, he used his record label as a platform to encourage and assist his friends in realizing their goals. The well-known musician for the famous song “Unavailable” reminded the new DMW signees that the music business is a business and that profits must be made. Davido also expressed his joy at watching artists he originally signed to the record company, such as Mayorkun, Peruzzi, and Dremo, benefit from his success.

He said,

“My label was really more like a family to me, I was young, to me I was just happy putting my boy on. I ran a label for four years and I didn’t take one dime from my artistes.

“I was paying for videos, I was paying for accommodation, I was paying for welfare. I was just happy seeing that my success could rub off on others. That was money to me.

Afrobeats got to a place where its global and I have to explain to the artistes “in these days this is business, to make money you gotta spend money’,”

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