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Universal Music Acquires Majority Stake in Don Jazzy’s Marvin Records

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Universal Music Group (UMG) has completed the acquisition of a majority stake in Mavin Global (Mavin), a distinguished music company headquartered in Lagos, Nigeria. 

Mavin Records label was founded in 2012 by Michael Collins Ajereh, popularly as Don Jazzy, Mavin has played a pivotal role in propelling Afrobeats artists to prominence, both within Africa and on the global stage. 

This strategic move by UMG comes about five years after Mavin secured a substantial multi-million dollar investment in 2019 from Kupanda Holdings, a joint venture between pan-African investment company Kupanda Capital and TPG Growth. With this latest development, TPG has divested entirely from the business, while Kupanda Capital will maintain a minority investment and continue as a strategic adviser. 

UMG reiterates that Mavin will retain autonomy in steering its strategic vision and talent development. Don Jazzy, the founder and CEO, along with COO Tega Oghenejobo, will continue to lead the company under the terms of the agreement. 

The deal’s completion depends on regulatory approval and is expected to be finalized by the end of Q3 2024. 

What they said 

in his statement, Don Jazzy declared that “I’m proud of the artists, careers and brand we’ve built that have made Mavin the force it is today. In this historic partnership with UMG, we will continue that mission in Africa and across the globe.”

Adding, Tega Oghenejobo said “With our proven history of collaborations within the UMG family, we have a strong belief that they are the ideal partner for the next phase of our growth, given the diversity and potential of our business.

“UMG is home to some of the world’s foremost music entrepreneurs and artists, making them a perfect match for our aspirations. By collaborating with UMG, we are dedicated to cultivating a vibrant creative environment that propels African music to new heights on the global stage.” 

Sir Lucian Grainge, Chairman & CEO of Universal Music Group, also stated: Our criteria for identifying partners is straightforward: great artists, great entrepreneurs, great people. With Don Jazzy, Tega, the Mavin Global team and their artist roster, we’ve found ideal partners with whom to grow together.

Mavin, a music powerhouse, hosts a lineup of stellar Afrobeats artists such as Ayra Starr, Ladipoe, Johnny Drille, Crayon, Magixx, Bayanni, Boyspyce, DJ Big N, Lifesize Teddy, and Rema.

Their chart-topping single, “Calm Down,” featuring Selena Gomez, reached an impressive No. 3 on the U.S. Billboard Hot 100 chart, marking a breakthrough for the Afrobeats genre. 

This track has become one of the most significant Afrobeats songs ever, achieving the remarkable feat of being the first African artist-led track to surpass 1 billion streams on Spotify.

Ayra Starr, another gem from Mavin, earned a Grammy nomination for the Best African Music Performance for her track “Rush.”  

Notably, its music video holds the record as the most-viewed video by a female Nigerian artist on YouTube. Mavin continues to make waves in the global music scene, solidifying its position as a driving force behind the success of Afrobeats artists. 

UMG’s partnership with Mavin aims to accelerate the strategic growth of the Nigerian music company, providing more opportunities to showcase talent globally and expand its existing roster.   

As part of their mission, UMG highlighted two key initiatives: Mavin’s Artist Academy, focused on training new talents in music and performance skills while fostering connections within the roster, and an executive leadership program aiming to groom the next generation of music industry professionals in Africa. 

 The timing of this partnership aligns with the booming music industry in Africa, as highlighted by the International Federation of the Phonographic Industry (IFPI).

In 2022, Africa experienced the highest growth rate in recorded music consumption, with Sub-Saharan Africa leading at an impressive 34.7% year-over-year growth, surpassing any other region globally. 

Source: Nairametrics

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‘We Finally Lost Him’, AGN Confirms Junior Pope’s Death

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The National President of the Actors Guild of Nigeria (AGN), Emeka Rollas, has confirmed the death of Nollywood actor, John Paul Odonwodo, popularly known as Junior Pope.

The actor and three of his colleagues were coming back from a movie location in a boat when they fell into Anam River in Anambra on Wednesday.

Rollas took to his instagram page on Thursday to disclose the sad development as he wrote, “It is so so sad that our joy was shortlived.

“My first post was out of excitement when we noticed his tingling fingers. Two notable hospitals tried their best to revive him but to no avail.

“God knows the best. We finally lost him,” he said.

Junior Pope joined the Nollywood industry in 2006, and started attending movie auditions and acting as a minor character in movies.

He usually played the role of a bodyguard, palace attendant, and servant in movies.

In 2007, he rose to fame after acting in the Nollywood blockbuster movie “Secret Adventures”, a movie directed by Tchidi Chikere.

He acted in more than 150 Nollywood movies which include: “Secret Adventures”, “Mad sex”, “Bitter Generation”, “Vengeance of Bullet”, “The Cat”, “The Generals”, “Wrong Initiation” among others.

DailyPost

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I’m No Longer Cut Out for Marriage, Having Kids – Iyabo Ojo

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Nollywood actress Iyabo Ojo has said that she is no longer cut out for marriage or having kids, stressing that her now is only for enjoyment.

Iyabo Ojo, a divorcee, expressed her intention not to seek marriage with her current partner, music executive Paul Okoye, also known as Paulo, saying their realtionship is for companionship.

Taking to her Instagram page, the actress shared, “Marriage – done and dusted. Had kids – done and dusted. Raised my kids – done and dusted. Next stage: Enjoyment! Enjoyment! Enjoyment!”

She added that people should, however, do what makes them happy and works for them.

“This is me. Do you ….. do what makes you happy and what works for you,” she wrote.

Iyabo Ojo is a prominent Nigerian actress, filmmaker, and entrepreneur.

She has been active in the Nigerian film industry, often referred to as Nollywood, for many years.

Ojo has appeared in numerous movies and has gained recognition for her talent and versatility as an actress. Apart from her acting career, she has also ventured into film production.

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Veteran Nollywood Actor, Amaechi Muonagor Dies at 61

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Nollywood legend, Amaechi Muonagor, has reportedly passed on. He was 61.

The actor suffered kidney failure and has been on dialysis.

His demise on Sunday came just few days after a video, where he was soliciting funds for Kidney transplant went viral.

His death comes weeks after another Nollywood actor, Mr Ibu, died.

No official statement has yet been released.

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