Don Jazzy Finally Addresses Talks On Selling Mavin Records

CEO and music producer, Don Jazzy has ended the claims making rounds of him planning to sell his music label, Mavin Records.

Recall that in October 2023, Billboard reported that Mavin Records “is seeking investment or eying a potential full sale, with bidding coming from Universal Music Group, HYBE, and strong interest from music asset investors in the financial sector,”.

However, Don Jazzy, in a reassuring statement made, firmly denied any plans to sell the record label.

Don Jazzy implied in a recent interview with the Zero Conditions podcast that the company is being approached by investors but it isn’t looking to sell.

READ ALSO: How Young Nigerian Doctor Died After A Hit & Run, Colleagues Mourn

He clarified that the support from outside investors stems from Mavin Records’ potential and profitability.

Don Jazzy pointed out that although Mavin and Kupanda Holdings have been partners for five years, the holdings will not keep the collaboration going “forever.”

He said:

“It [the rumours about the sale of Mavin Records] 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.”