Breaking news: Universal Music Group acquires majority stake in Mavin Records, shaking up the Nigerian music industry! ๐ต #UniversalMusicGroup #MavinRecords #NigerianMusic
Universal Music Group, the powerhouse of the music industry, has made waves by acquiring a major stake in the renowned Nigerian record label, Mavin Global. This move signals a significant shift in the landscape of the Nigerian music scene, as Universal Music Group brings its global expertise to Mavin Records, known for nurturing top talents like Rema, Ayra Starr, and Ladipoe.
The announcement of Universal Music Group's majority investment in Mavin Records sent shockwaves through the music world, solidifying Mavin's position as a powerhouse in Afrobeats. With a roster of talented artists under its belt, including rising stars like Rema and Ayra Starr, Mavin Global is set to reach new heights with the backing of UMG's resources and network.
Mavin Global, founded by the renowned Michael Ajereh, has been a pivotal player in promoting Nigerian music on the international stage. By partnering with Universal Music Group, Mavin Records is poised to amplify its impact and showcase the richness of Nigerian music to a global audience, cementing its place as a leading force in the industry.
The collaboration between Universal Music Group and Mavin Records marks a transformative moment for Nigerian music, bridging continents and cultures through the universal language of music. As the partnership unfolds, fans can anticipate groundbreaking collaborations, innovative projects, and chart-topping hits that will shape the future of the music industry.
The world's leading music company, Universal Music Group, said it has acquired the majority stake in a leading Nigerian record label, Mavin Global.
February 26, (THEWILL) - Universal Music Group has acquired a majority stake in Mavin Records, the Nigerian music label owned and promoted by Michael Ajereh ...
The Nigerian record label currently houses artists including Rema, Ayra Starr, and Ladipoe.
Mavin Global confirmed that UMG has acquired a majority stake in the Rema and Ayra Starr Afrobeats label.
Universal Music Group has acquired a majority stake in Nigerian record label, Mavin. UMG in a statement released on Monday, said the deal remains subject.
Investment firm, Kupanda Capital, will remain a minority investor and strategic advisor in the business once the transaction closes, although another investor, ...
The financial aspects of the deal are significant, with an estimated valuation ranging from $125 million, potentially escalating to $150 million or $200 million ...
Mavin is credited with unearthing talents like popular Afrobeats stars: Ayra Starr and Rema, to global success.
Don Jazzy's Mavin Global has sold its majority stake to Universal Music Group. This move aims to enhance the growth of Nigerian music companies, ...