Sponsored
Sponsored Links

Record Label Chocolate City Merges With Loopy Music

by

Chocolate City and Loopy Music has announced a
merger.
The two record labels have decided to come together,
integrating their business models to form a grand
business that would encompass all the artistes signed
to both labels.
The announcement was made by rap star, M.I Abaga
who is the CEO of Loopy Music and Vice President of
Chocolate City at the 2015 Nigerian Entertainment
Conference on April 22, 2015.
Revealing the rationale behind the move, the rapper said
that the trend of top music record labels globally is
toward
consolidation.
In a move reminiscent of Jay-Z and Damon Dash where
they sold Rocafella Records to Island Def Jam, M.I
revealed that the merger is a union to improve their
business efficiency and respond more effectively to
change in the music business sector.
The new label will have Audu Maikori step down as CEO
of Chocolate City Music effective June 2015, followed
by the announcement of a new CEO.
The move brings together M.I, Jesse Jagz, Ruby Gyang,
Loose Kaynon, Ice Prince, Nosa, DJ Caise, Dice Ailes,
Victoria Kimani and DJ Lambo under one business
umbrella.
MI also took the opportunity at the Nigerian
Entertainment Conference to announce a compilation
album featuring all the artistes under the newly merged
label which will be exclusively available on the STAR
Music app soon.

image

No tags 0

No Comments Yet.

What do you think?

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: