UMG ANNOUNCES MAJORITY INVESTMENT IN ICONIC AFROBEATS LABEL MAVIN GLOBAL, ACCELERATING … – StreetInsider.com

SANTA MONICA, Calif. and LAGOS, Nigeria, Feb. 26, 2024 /PRNewswire/ — Universal Music Group (UMG), the world leader in music-based entertainment, today announced a majority investment in of one of the world’s most dynamic and exciting independent record labels, Mavin Global (Mavin). The deal remains subject to regulatory approval and is expected to close by the end of Q3 2024.

UMG ANNOUNCES MAJORITY INVESTMENT IN ICONIC AFROBEATS LABEL MAVIN GLOBAL

The Lagos, Nigeria-based label is the driving force behind many of the continent’s…