Spotify did not acquire Mavin Records, here is why

Spotify did not acquire Mavin Records, here is why

Recently, Social Media users have taken to media platforms to announce that International streaming service platform- Spotify, acquired the biggest Record Label in Nigeria- Mavin Records.

Apparently, it was said that Spotify bought Mavin Records for #70 Million while some claimed it was #40 Billion.

The news was even Trending for a number of days and a lot of people seemed to believe it. Let’s get to the root of the matter and debunk these rumours.

 

Did Spotify buy Mavin Records?

No, Spotify did not buy Mavin Records. Apparently, it was an April fool’s prank. The International streaming platform had no such dealing with Mavin.

However, people were eager to think that was the truth because it may have been that a News/Media company started the rumour.

It also didn’t help that some major news and media outlets with some amount of credibility reported the news.

This further spurred people’s belief that the international streaming platform did acquire Mavin Records.

Don Jazzy himself replied the message on Twitter and debunked the rumours that Spotify acquired Mavin Records.

He said:

“Bro, people only read headlines and they won’t know that this was April Fool”

 

Bro people only read headlines. So they won’t know this was your APRIL FOOL. https://t.co/4THoIEsw9h

— ITS DON JAZZY AGAIN 🤍🐘 (@DONJAZZY) April 2, 2022

But to separate the truth from the untruth, Mavin Records is actually owned by Mavin Holdings. Which means Mavin Records is a subsidiary under Mavin Holdings.

It appears Mavin Holdings is a group of companies that consists of Mavin Records and Mavin Energy– An oil and gas company.

 

Rema breaks and tops Charts with “Rave and Roses”

 

These companies are owned by Don Jazzy.

 

Mavin records boasts of artists lineup like Rema {Who recently released his debut album}, Ayra Starr, Johnny Drille, Magixx and Ladipoe.

 

Go to home

 

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On Friday, March 25, 2022, Rema released his debut album- Rave and Roses, and it has topped so many charts since its release

The 16-track album has been doing so well on streaming platforms, that it has broken and topped so many charts.

The album was supported by Three singles: “Calm down”, “Soundgasm” and “Fresh Young Nigga”

 

Rema’s Rave and Roses album Chart

As of March 2022, Rema’s Rave and Roses had the following chart positions:

Album: Rave & Roses

 

iTunes:

 

#42 Nigeria

 

#60 France

 

 

 

Apple Music:

 

#1 Angola

 

#1 Cameroon

 

#1 Gambia

 

#1 Ghana

 

#1 Kenya

 

#1 Liberia

 

#1 Mauritius

 

#1 Nigeria

 

#1 Sierra Leone

 

#1 Uganda

 

#2 Benin

 

#2 Mozambique

 

#2 Namibia

 

#2 Oman

 

#2 Tanzania

 

#3 Senegal

 

#4 Botswana

 

#4 Republic of the Congo

 

#5 Dominica

 

#5 Qatar

 

#5 St. Lucia

 

#5 United Arab Emirates

 

#7 Ireland

 

#7 Swaziland

 

#8 Canada

 

#8 Fiji

 

#8 South Africa

 

#9 Barbados

 

#10 United Kingdom

 

#11 Niger

 

#11 Ukraine

 

#12 Bahrain

 

#12 Portugal

 

#13 France

 

#14 Saint Kitts and Nevis

 

#15 Grenada

 

#15 Trinidad and Tobago

 

#16 Belize

 

#16 Jamaica

 

#17 Hungary

 

#17 Turkey

 

#19 British Virgin Islands

 

#19 Netherlands

 

#20 Cyprus

 

#21 Estonia

 

#22 Cayman Islands

 

#27 Belgium

 

#28 Switzerland

 

#29 United States

 

#32 Luxembourg

 

#41 Sweden

 

#45 Finland

 

#49 Saudi Arabia

 

#50 The Bahamas

 

#52 Malaysia

 

#61 Lebanon

 

#67 Austria

 

#68 Bermuda

 

#80 Germany

 

#82 Poland

 

#93 Spain

 

#94 Denmark

 

#95 New Zealand

 

#99 Italy

 

#106 Australia

 

#106 Jordan

 

#107 Panama

 

#112 Latvia

 

#120 Philippines

 

#127 Romania

 

#128 Lithuania

 

#170 Dominican Republic

 

#179 Malta

 

#181 Kuwait

 

#187 Norway

 

#189 Costa Rica

 

#190 Israel

 

#193 Guyana

 

#200 Antigua and Barbuda

 

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