In a surprising turn of events, Don Jazzy, the head of Mavin Records, is reportedly considering selling the record label.
This news comes from the Billboard website, which has been active since 1995 and is known for its extensive arrays of searchable, playable charts, music news, artist interviews and exclusives.
Mavin Records has seen global success with artists like Rema and Ayra Starr.
The record label is now seeking either investment or a potential full sale. Bidding is expected to come from the Universal Music Group and HYBE, with strong interest also coming from music asset investors in the financial sector.
This development has sparked a lot of interest in the music industry.
However, it’s important to note that this is not the first time rumors about Mavin Records being sold have surfaced. Earlier in April 2022, there were rumors that Spotify had acquired Mavin Records for $70 million. Nevertheless, these rumors were later debunked.
As of now, it remains to be seen what the future holds for Mavin Records. Stay tuned for more updates on this story.
