Producer extraordinaire and music mogul Don Jazzy Michael Ajereh, better known as Don Jazzy, has finally addressed the rumors about the sale of the record label.
The music producer’s address comes following speculations that Mavin Records “is seeking investment or eying a potential full sale with bidding coming from the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector, according to sources.”
However, in the latest episode of the Zero Conditions podcast, Don Jazzy insinuated that the label is not seeking a sale but being approached by investors.
The 41-year-old explained that Mavin Records is lucrative and has a lot of potential, thus attracting foreign investors.
The singer cum music producer noted that the record label has been in business with its current partner, Kupanda Holdings, for five years, and the holdings will not continue the partnership “forever.”
He said,
“It is simple. We have investors, Kupanda Holdings, who have been here for five years now, so they go gona [laughs].
“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.”
Before he founded Mavin Records in 2012, Don Jazzy was co-owner of the now-defunct Mo’ Hits Record record label with singer D’Banj.
