Music executive and CEO of Mavin Records, Michael Ajereh, popularly known as Don Jazzy, has finally addressed the ongoing rumors surrounding the potential sale of the record label.
Back in October 2023, Billboard reported that Mavin Records was exploring investment opportunities or considering a full sale, with interest from major players like Universal Music Group, HYBE, and other investors in the financial sector.
However, in the recent episode of the Zero Conditions podcast, Don Jazzy hinted that the label is not actively seeking a sale but is, in fact, being approached by investors. The 41-year-old emphasized that Mavin Records is a lucrative entity with substantial potential, making it an attractive prospect for foreign investors.
Don Jazzy explained that the label has been in partnership with its current investor, Kupanda Holdings, for five years, and while the partnership will not last indefinitely, it has garnered significant interest from various parties.
He stated, “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 patronise you. And Mavin Records has a lot of potential.”
Prior to establishing Mavin Records in 2012, Don Jazzy was a co-owner of the now-defunct Mo’ Hits Record label alongside singer D’Banj.
