March 22

Universal Music Group Acquires Majority Stake in Mavin Global to Boost Nigerian Music Globally

By Abdullah Ajibade

According to UMG and the terms of the agreement, Mavin will continue to manage its strategic direction and talent development, and Ajereh (CEO) and Tega Oghenejobo (COO) will continue to lead the company.

Sir Lucian Grainge, CEO of UMG, commented on the development, stating that Mavin meets its criteria for an ideal partner due to the company’s excellent team.

Photo courtesy of Paolo Chiabrando.

Source: Techpoint.Africa (link opens in a new window)

business development, creative economy, media and entertainment