CEO of Mavin Records, Michael Collins Ajereh, known as Don Jazzy, has addressed the rumours about the sale of the Mavin record label.
Recalls that in October 2023, Billboard reported that Mavin Records “is seeking investment or a potential full sale with bidding coming from the Universal Music Group, HYBE and strong interest from music asset investors in the financial sector, according to information provided to the media.
Speaking in the latest episode of the Zero Conditions podcast, Don Jazzy stated that the label isn’t seeking a sale but being approached by investors.
Don Jazzy noted that Mavin has been in business with its current partner, Kupanda Holdings for five years and the holdings won’t continue the partnership “forever.”
He said,
“It 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 patronize you. And Mavin Records has a lot of potential.”
