On the 26th of February, 2024, Universal Music Group [“UMG”], a prominent name in music-based entertainment, disclosed its majority investment in Mavin Global [popular as “Mavin Records” or “Mavin”], a Nigerian-based premier record label for afro-beats worldwide. UMG has effectively finalised the acquisition of a majority interest in Mavin, pending regulatory approval, which is expected to conclude by September 2024.

Although the exact stake and financial specifics of the transaction remain undisclosed, the collaboration is anticipated to advance Mavin’s strategic progression and foster additional avenues for the global cultivation of talent.

Marvin was founded in 2012 by Music Executive and Entrepreneur, Michael Collins Ajareh [popular as Don Jazzy] and the record label holds a prominent position in the African music industry.