The well-known Nigerian record company Mavin Records, run by music producer and businessman Don Jazzy, is apparently looking for investment opportunities or considering the prospect of a complete sale.
This information was revealed in a statement that was posted today on the renowned Billboard website.
Billboard, a renowned music business platform founded in 1995, has long served as a gathering place for music lovers and industry insiders, providing a wide variety of information such as charts, music news, artist interviews, and exclusives.
A dramatic change in the landscape of the music industry is being signaled by Mavin Records’ decision to look for funding or maybe put itself up for sale.
“Mavin Records is seeking investment or eyeing a potential full sale with bidding coming from the the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector.”