{"id":156154,"date":"2024-02-27T05:23:49","date_gmt":"2024-02-27T05:23:49","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/02\/27\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\/"},"modified":"2024-02-27T05:23:49","modified_gmt":"2024-02-27T05:23:49","slug":"universal-group-buys-majority-stake-in-don-jazzys-mavin-records","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/02\/27\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\/","title":{"rendered":"Universal  Group buys majority stake in Don Jazzy&#8217;s Mavin\u00a0Records"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"p1\">Nigerian record label Mavin Records, owned by Don Jazzy has been acquired by the music industry giant Universal  Group (UMG).<\/p>\n<p class=\"p1\">This move further strengthens UMG\u2019s presence in the rapidly growing Afrobeats scene.<\/p>\n<p class=\"p1\">The deal, expected to be finalised by the end of the third quarter of 2024, will see UMG acquire a majority stake in Mavin Global, while founder Don Jazzy and his team retain leadership of the label.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1022852 size-full\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/02\/Don-Jazzy-1111.jpeg\" alt=\"\" width=\"600\" height=\"364\"  \/><\/p>\n<p class=\"p1\">Financial details remain undisclosed, but previous reports estimated Mavin\u2019s value to be well over $125 million. This strategic alliance signifies UMG\u2019s recognition of Mavin\u2019s role in propelling Afrobeats onto the global stage<b>.<\/b><\/p>\n<p class=\"p1\">Mavin artists like Rema have achieved massive success, with his song \u201cCalm Down\u201d becoming the most popular Afrobeats track ever, even reaching the top 10 of the US Billboard Hot 100 chart.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1022851 size-full\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/02\/Don-Jazzy-1.jpeg\" alt=\"\" width=\"1024\" height=\"1024\"  \/><\/p>\n<p class=\"p1\">This partnership paves the way for even greater international exposure and development for Mavin\u2019s artists.<\/p>\n<p class=\"p1\">By combining UMG\u2019s global network with Mavin\u2019s established expertise in Afrobeats, both parties stand to benefit significantly from this collaboration.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigerian record label Mavin Records, owned by Don Jazzy has been acquired by the music industry giant Universal Group (UMG). This move further strengthens UMG\u2019s presence in the rapidly growing Afrobeats scene. The deal, expected to be finalised by the end of the third quarter of 2024, will see UMG acquire a majority stake in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":156155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-156154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entertainment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Universal Group buys majority stake in Don Jazzy&#039;s Mavin\u00a0Records - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/02\/27\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal Group buys majority stake in Don Jazzy&#039;s Mavin\u00a0Records - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Nigerian record label Mavin Records, owned by Don Jazzy has been acquired by the music industry giant Universal Group (UMG). This move further strengthens UMG\u2019s presence in the rapidly growing Afrobeats scene. The deal, expected to be finalised by the end of the third quarter of 2024, will see UMG acquire a majority stake in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/02\/27\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T05:23:49+00:00\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Universal Group buys majority stake in Don Jazzy&#8217;s Mavin\u00a0Records\",\"datePublished\":\"2024-02-27T05:23:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/\"},\"wordCount\":182,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Entertainment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/02\\\/27\\\/universal-group-buys-majority-stake-in-don-jazzys-mavin-records\\\/\",\"name\":\"Universal Group buys majority stake in Don Jazzy's Mavin\u00a0Records - 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