In a recent turn of events, music industry heavyweight and CEO of Mavin Records, Michael Collins Ajereh, known to fans as Don Jazzy, has spoken out to debunk the swirling rumors about his record label being up for sale. In an urban, relatable tone, he clarified the situation on the popular ‘Zero Conditions’ podcast.
Back in October 2023, buzz in the music world started when Billboard hinted that Mavin Records might be looking for buyers or investors, with big names like Universal Music Group and HYBE showing interest, along with other financial heavy hitters. But Don Jazzy has now set the record straight.
With a mix of humor and straightforwardness, Don Jazzy explained that Mavin Records isn’t hunting for a sale. Instead, it’s the other way around: investors are lining up for a piece of the label. The CEO emphasized the label’s success and growth potential as the main attractions for these investors.
He shed light on the label’s existing partnership with Kupanda Holdings, which has been going strong for five years. But, as Don Jazzy playfully noted, nothing lasts forever, and it looks like this partnership might be evolving.
His final words were a strong metaphor for the label’s allure in the marketplace.
“If you have gold or diamonds, people will always patronize you. And Mavin Records has a lot of potential.”
This statement not only quashes the rumors but also puts Mavin Records in the spotlight as a major player in the global music scene.
