Don Jazzy Sets the Record Straight: Mavin Records' Future Amidst Sale Speculations
Music executive and Mavin Records CEO, Michael Collins Ajereh, commonly known as Don Jazzy, has officially responded to rumors surrounding the potential sale of the record label. In October 2023, Billboard reported that Mavin Records "is seeking investment or considering a complete sale, with bids coming in from the Universal Music Group, HYBE, and significant interest from financial sector music asset investors, according to sources."
However, speaking in the latest episode of the Zero Conditions podcast, Don Jazzy insinuated that the label isn’t seeking a sale but being approached by investors.
He explained that Mavin Records is lucrative and has a lot of potential, hence, the patronage from foreign investors.
Don Jazzy noted that Mavin has been in business with its current partner, Kupanda Holdings for five years and the holdings won’t continue the partnership “forever.”
He said, “It [the rumours about the sale of Mavin Records] is simple. We have investors, Kupanda Holdings, and they have been here for five years now, so dem go go nah
“Obviously, a bunch of people are interested in investing in Mavin. If you have gold or diamonds, people will always patronise you. And Mavin Records has a lot of potential.”
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