Mavin Records, a prominent Nigerian music label, is actively seeking investment or considering a full sale, according to sources. This has garnered interest from major players like the Universal Music Group (UMG), HYBE Corporation, and financial sector music investors.

The last investment in Mavin Records was in January 2019, when Mavin secured a multi-million dollar investment from Kupanda Holdings.

The current proposed deal, allegedly facilitated by Shot Tower Capital, values Mavin Records at over $125 million, potentially reaching $150 million to $200 million. However, it’s unclear whether music publishing is part of the deal.

This strategic move aims to secure funding for the label’s expansion, aligning with Africa’s rise on the global music stage, similar to Latin and K-pop’s success.

Whether UMG, HYBE, or another entity takes the lead, the label’s management team, led by Nigerian music legend Don Jazzy, is expected to retain influence.

HYBE appears to lead the race for Mavin Records, despite UMG’s connection to some artists. Rema’s hit Calm Down was distributed by UMG’s Virgin, and other Mavin artists may be linked with Republic, another division of UMG...

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https://applesbite.com/don-jazzys-mavin-records-seeks-foreign-investment-or-outright-sale/

Hmmm

Nawaooo
This is the direct Marvin's studio record I know you don't know

The end of a good musical era


But buying all Mo hit and Marvins Catalogue, Music rights, Royalty will make you profits not to talk of artist performance fees


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