It is no longer news that Don Jazzy owned Mavins has announced a major deal with global music firm, Universal Music Group.
The deal has caused a stir on social media leaving many fans of Don Jazzy and Mavins very joyous.
According to close sources in the Mavins dynasty, the deal has been a long time coming but it was only announced when the parties involved felt it was right.
Here are the five key details of the deal, which every Mavins fan and music enthusiasts must know.
1. The deal was officially announced on Monday, February 26
2. Universal Music Group made a majority investment in Mavins, hence, making it a partnership and not a total takeover of the music company.
3. The deal remains subject to regulatory approval and is expected to close by the end of Q3 2024.
4. The partnership will accelerate key partnership will accelerate Mavin’s strategic advancement and create more opportunities to break more talents globally, expand the reach of its existing roster.
5. The deal was also announced on both Universal Music Group and Mavins social media accounts and pages.
