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 maybeÂ 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.”