Entertainment
Music Industry: UMG buys majority stake in Mavin Records
Music Industry: UMG buys majority stake in Mavin Records
Universal Music Group (UMG) has purchased a majority stake in Mavin Global, a record label founded by Don Jazzy.
Mr Lucian Grainge, Chief Executive Officer, UMG, made the announcement about the deal in a statement released by the group.
The statement, however, did not state the value of the acquisition, noting that the deal was awaiting regulatory approval.
“Our criteria for identifying partners is straightforward: great artistes, great entrepreneurs, great people.
“With Don Jazzy, Tega, the Mavin Global team and their artiste roster, we have found ideal partners with whom to grow together.
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“Marvin’s brilliant artistes have been catalysts in the transformation of Afrobeats into a global phenomenon and we are thrilled to welcome them into the Universal Music Group family.”Grainge said in the statement.
The statement revealed that Mavin would retain independence in shaping its strategies and nurturing future talents without external interference.
It added that TPG Records had fully exited the business while Kupanda Capital would remain minority investor and strategic adviser.
Mr Michael Ajereh, popularly known as Don Jazzy and Founder of Mavin Records, noted that the partnership with UMG would ensure that the label keeps on achieving its goals
“I’m proud of the artistes, careers and brands we have 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,” Don Jazzy said.
Reacting to the development, Mr Michael Ebele, a music producer, noted that the acquisition of the record label by an international brand showed the impact of the country’s entertainment industry.
According to him, afrobeats has made entertainment industry visible to the global audience.
“First of all, I want to say a big congratulations to Don Jazzy because this is a remarkable achievement and he would be able to achieve so many things with this partnership.
“This also goes to show that our entertainment industry has achieved so many things over the years and it has made the global audience to take note of what we are doing.
“The last couple of years has seen many of our artistes featured on international artistes and we have seen several cases where the latter infuses afrobeat into their music.
“We would keep on getting better and I hope that other sectors in the country can learn from the entertainment industry,” he said.
The News Agency of Nigeria (NAN) reports that Billboard had in October 2023, reported that Mavin Records was in the process of receiving external investment either acquiring a part of the label or an outright sale.
The investment and outright sale are valued at 125 million dollars and could rise to 150 million dollars or 200 million dollars.
The record label is home to Rema, Ayra Star, Crayon, Boy Spyce and Ladipoe, among others.
Music Industry: UMG buys majority stake in Mavin Records
5 interesting facts about AMVCA 2024 best lead actor, Wale Ojo
Wale Ojo, a British Nigerian actor, director, and producer, He won the Best Lead Actor award at the 10th Africa Magic Viewers’ Choice Awards (AMVCA) 2024.
His compelling performance in the drama ‘Breath of Life’ has earned him this prestigious award ahead of other actors like Stan Eze, Richard Mofe Damijo, and Gabriel Afololayan
Aside from his recent wins at the AMVCA and his lead role in ‘Breath of Life’, below are five interesting facts to know about the actor:
1 Long before he relocated to England with his family, Wale Ojo was a child actor in Nigeria.
At the age of eight, he acted alongside Nigeria actor Akin Lewis on Nigeria Television Authority (NTA) Ibadan Television Series “Why Worry.”
2- Wale Ojo has credited his mother, Chief Wale Ogunyemi, Tunji Oyelana, playwright Wole Soyinka, and Zulu Sofola for their impactful roles they played in his acting career.
3- In 2012, he played the lead role in Kunle Afolayan directed comedic movie “Phone Swap,” this role later won him the award for Best Actor at the 2012 Nigeria Entertainment Awards.
4- The 55-year-old Nigerian UK-based actor is currently unmarried and doesn’t have a child.
5- He is the founder of New Nigeria Cinema, a platform that is aimed at improving the quality of Nigerian films
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5 interesting facts about AMVCA 2024 best lead actor, Wale Ojo
10th AMVCA: “Breath of Life” wins big
Nigerian film, “Breath of Life”, has won major categories in the 10th edition of the Africa Magic Viewers Choice Awards (AMVCA).
The film, produced in 2023 by BB Sasore and Derin Adeyokunnu secured wins for Best Actor, Best Supporting Actress, Best Supporting Actor, Best Sound Design, Best Director, and the most coveted award of the night – Best Movie.
The AMVCA is an annual award presented by MultiChoice, recognising outstanding achievements in television and film.
The event started on Thursday with a night of icons and a vibrant Cultural Day celebration on Friday.
On Saturday, the 10th anniversary of the award continued at Eko Hotel and Suites, Lagos, hosted by television personality, Ikponmwosa Osakioduwa.
Veteran Actress, Idowu Philips, known as Iya Rainbow”, was honoured with the ‘Industry Merit Award’.
Richard Mofe-Damijo, a veteran Nollywood actor, was also announced as joint winner of the Industry Merit Award of the 10th edition of the AMVCA.
Reesponding, Philips said, “I thank God that I am still alive. 1942 till now, I thank God. I dedicate the award to my creator, my late husband, Augustine Ayanfemi, my childen, my fans and my friends. Thank you all.”
Mofe-Damijo said: “AMVCA thank you. This is completely unexpected. Every actor, producer, writer and all need someone who can trust in them, I have been blessed by being supported by young people. I thank you.”
Femi Adebayo’s Jagun Jagun clinched the ‘Best Indigenous Language West Africa’.
Receiving the award, Adebayo said: “Thank you AMVCA and all the cast and crew of Jagun Jagun. We are unstoppable, we are going harder.”
Below is a list of winners at the 10th AMVCA:
Best Writing Award: Volume
Best writing movie: Fumilayo Ransome Kuti – Tunde Babalola
Best Sound Design: Grey Jones Ossai x2 (Breathe of Life and Blood Vessel)
Best Editing: Antonio Ribeiro
Best Indigenous West Africa. Femi Adebayo Jagun Jagun
Best Digital Content: Layi Wasabi
Best Short Film: Broken Mask
Best Unscripted M-Net Original: Nwuyee Bekee (Foreign Wives)
Best Scripted: Slum King
Best Makeup: Mami Wata (Campbell Precious Arebamen)
Best Art Direction: Over the bridge
Best Costume Design: Jagun Jagun (Lola Awe)
Best Supporting Actress: Genoveva Umeh (Breath of Life
Best Supporting Actor: Ademola Adedoyin (Breath of Life)
Best Cinematography: Over the bridge
Best Indigenous MNet Original: Irora Iya
Trailblazer Award: Chimezie Imo
Industry Merit Awards: Iya Rainbow aka Idowu Philips and Richard Mofe Damijo
Best Lead Actress: Kehinde Bankole (Adire)
Best Lead Actor: Wale Ojo (Breath of Life)
Best MultiChoice Talent Factory Movie: Our Dark Past
Best Series (Unscripted): Gh Queens (s2)
Best Series Scripted: Itura
Best Director: BB Sasore (Breath of Life)
Best Movie: Breath of Life
Speaking at the event, Dr Busola Tejumola, Executive Head of Content and Channels, West Africa, MultiChoice, said that the AMVCA was created to honour exceptional achievements in television and film across the continent.
”We are excited to have been able to keep that fire burning through 10 editions.
“Year after year, we have received numerous entries and can attest to the growth in the quality of submissions with each edition.
“While this year’s edition is a milestone edition as it is the 10th, it is also a testament to the growth the film industry in Africa has experienced.
“We congratulate all the winners and nominees who have put in the incredible work. We’ll also like to say a big thank you to everyone in the African film industry. You have all made us proud,” she said.
The reports gathered that this year’s edition had 27 categories, with 16 non-voting and nine audience voting categories, and the winners were selected by a jury led by ace filmmaker and head judge, Femi Odugbemi.
Some of the visible works from the awards include ‘Breath of Life’ and ‘Jagun Jagun’, winning multiple awards.
Shaffy Bello and Seyi Sodimu mesmerised the audience with their 1999 produced music, “Love Me Jeje”.
Victory Gbakara, 2023 winner of the Nigerian Idol did a performance while renowned artistes like KCee, Awilo, Chike and Adekunle Gold also thrilled the audience.
10th AMVCA: “Breath of Life” wins big
Thing to know about Nollywood actress, Regina Daniels
Regina Daniels is a popular Nigerian Nollywood actress and film producer.
Regina Daniels started her career as a child actress. She is best known for her work in Dumebi in School, Traditional War (Part 1), The Bat-Man, Plantain Girl, Tears of Ojiugo, The Jericho, Python Girl, Royal Covenant, and Miracle Child. Besides being an actress, she is a model, film producer, entrepreneur, and social media personality.
Regina Daniels is one of the most successful young Nollywood actresses. She has starred in multiple Nollywood productions. Her marriage attracted plenty of attention globally. Discover more about her todays.
Here are some key things to know about her:
Regina Daniels caused a stir when she married Nigerian billionaire Ned Nwoko in 2019. The couple have a significant age difference.
However she has been the subject of various controversies, including her marriage to Ned Nwoko and rumors of lavish spending.
Regina Daniels is also known for her philanthropic activities and has supported various charitable causes.
She is highly active on social media platforms, particularly Instagram, where she has a large following and regularly shares updates about her life and career.
Thing to know about Nollywood actress, Regina Daniels
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