Mavin Records on the Market: Don Jazzy Eyes International Investors

Major Players like Universal Music Group and HYBE Show Interest

In a significant move that has sent ripples through the music industry, Nigeria’s renowned Mavin Records is reportedly on the lookout for potential investors or even a complete sale. Owned by the entertainment magnate, Don Jazzy, the label is seeking external capital infusion to bolster its growth trajectory.

Established in 2012, Mavin Records has been instrumental in shaping the careers of some of Nigeria’s most celebrated artists. The label’s roster boasts of illustrious names such as Wande Coal, Tiwa Savage, Reekado Banks, Korede Bello, Di’ja, Rema, Ayra Starr, Johnny Drille, Ladipoe, Boy Spyce, Bayyani, and the newly inducted Lifesize Teddy.

Sources have indicated that heavyweights in the global music scene, including Universal Music Group (UMG) and HYBE, have expressed interest in this potential business venture. According to Billboard, the deal’s valuation could be in the ballpark of $125 million, with projections suggesting it might even touch the $150 million to $200 million mark.

While several companies associated with the deal have chosen to remain tight-lipped, Don Jazzy has also not issued any official statement regarding the matter. The silence from all parties involved has only fueled speculations and discussions in the industry.

The news has elicited a range of reactions from the online community. A Twitter user, @OneJoblessBoy, expressed optimism, stating, “Hopefully the next round of funding will be heavy.” Another user, @flowzki, commented, “Mavins about to be a worldwide label… it’s an African giant already, global now.” The sentiment was echoed by @FortuneVandera who said, “Mavin is about to be massive like these international record labels.”

In a related development, Don Jazzy had previously expressed his desire to own a private jet, drawing parallels with Davido, who already possesses one. He took to Twitter to share his aspirations, hinting at the growth and success he envisions for himself and his music label.

As the story unfolds, the music industry, fans, and stakeholders await further developments with bated breath, eager to see the future course of one of Africa’s most influential music labels.

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