Mavin Records, the iconic Nigerian music label founded by Don Jazzy, is now contemplating a significant financial move that could reshape the Nigerian music industry.
Sources close to the label have revealed that Mavin Records is actively seeking investment or considering a full sale, opening the doors to major international players and financial sector music investors.
Mavin Records, known for its extensive roster of talented artists and a history of producing chart-topping hits, last attracted investment attention in January 2019 when Kupanda Holdings injected a multi-million dollar investment into the label.
Now, it appears that the label is poised for another transformative financial move, and the stakes are even higher.
Allegedly, Shot Tower Capital is facilitating the proposed deal, which values Mavin Records at an astonishing $125 million with the potential to soar to $150 million or even $200 million.
This significant valuation speaks volumes about the label’s influence and potential for growth in the global music market.
Notably, it remains unclear whether the deal encompasses Mavin Records’ music publishing rights, a crucial aspect of the label’s intellectual property portfolio.
The potential sale has garnered attention from industry giants like Universal Music Group (UMG), HYBE Corporation, and other financial sector music investors, signaling a watershed moment for African music on the international stage.
The outcome of this pivotal decision could reshape the dynamics of the Nigerian music industry and elevate African music to new heights in the global arena.
Music enthusiasts and industry observers are eagerly awaiting further developments as Mavin Records ponders its future amidst a flurry of investment interest.