Don Jazzy didn’t sell MAVIN to Spotify for N40 billion

For context, MAVIN Holdings is the parent company of MAVIN Records, Nigeria’s leading record company.

But as it turns out, it was only an April Fool’s joke, which is a globally celebrated feast at the start of April.

The rumour always seemed improbably, not least because of queries like, ‘Why will Spotify purchase a record label, even if it’s one as big as MAVIN?’ or ‘Why will MAVIN, its partners and its investors sell to Spotify?

‘There seems to be a fundamental disconnect between the story and the reality of the music business.

Nonetheless, let’s enjoy the bliss of April Fool’s Day, without giving each other a heart attack.


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