Music executive and CEO of Mavin Records, Michael Ajereh, better known as Don Jazzy, has finally addressed the rumours about the sale of the record label.
In October 2023, Billboard reported 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.”
But 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 Mavin 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, and they have been here for five years now, so dem 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.”
I never left Don Jazzy – Di’Ja
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.
