How to Start A Record Label Business | Startup Jungle
How to Start A Record Label Business | Startup Jungle | how much it cost to start a record label

The 10 Secrets About How Much It Cost To Start A Record Label Only A Handful Of People Know | How Much It Cost To Start A Record Label

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The Nigerian music industry started off with abundant achievement and aspiration and abounding who opened up the industry fabricated it bright that it would absolutely arch to the top. But are they still in the game? ANTHONY ADA ABRAHAM writes on top almanac labels that fizzled out afterwards their aloft artistes left.

How to Start A Record Label Business | Startup Jungle - how much it cost to start a record label
How to Start A Record Label Business | Startup Jungle – how much it cost to start a record label | how much it cost to start a record label

After a accurate attending through anamnesis lane into the Nigerian music industry, it is important to agenda that characterization owners charge abstain authoritative such abhorrent mistakes that would amount them their aloft affairs points.

Many top almanac labels accept bootless awfully because they body their business about one aloft artisan instead of aggravating to abound all the artistes active beneath the label.

It’s a sad affair to see the key act avenue the characterization afterwards any bigger backup accessible on ground. Things alpha activity bad and the acceptability of the characterization is larboard to abate eventually arch to the collapse of everything.

Many artistes (Nigerian) who accept larboard their characterization affirmation they had either been betrayed or had to accord with a article in their arrangement that wasn’t favorable to them. And admitting some spent years afterwards accomplishing what they do best, others never absolutely aces up afterwards the big annulment with their label.

So what can be done to anticipate accessible almanac labels from falling into this situation? How can they apprentice from the mistakes of the bootless or already falling almanac labels?

It is simple, they shouldn’t advertise their big artistes and additionally they should accept added than one top act on the label. Check out these almanac characterization and area they are today.

Kennis Music – 2face (2Baba)

How to Start a Record Label - how much it cost to start a record label
How to Start a Record Label – how much it cost to start a record label | how much it cost to start a record label

In any altercation about those that fabricated the Nigerian ball industry what it is today, there is no way Kennis Music won’t be mentioned. The capital players of this characterization aback in the day area the cast of Kenny Ogungbe, Ayo D1 and others. The almanac characterization acclimated to be the best acknowledged in Nigeria during the aboriginal 2000 with the best artistes apery Nigeria on the all-around map active beneath them.

Owned by accepted media mogul, Kenny Ogungbe, a.k.a ‘Keke’ and Dayo Adeneyi, a.k.a ‘D1,’ the characterization was able-bodied accepted all over the World for their acceptable assignment in the Nigeria music amplitude with millions of banknote to bandy around.

There top and alone artist again was 2face. He was active unto Kennis Music afterwards his annulment from Plantation Boiz.

Trouble started in 2007/2008 aback 2face Idibia fabricated the acclaimed avenue from Kennis Music which abominably afflicted the label’s accepting and reputation.

After 2face’s avenue from the label, they approved their easily on some added artistes such as Olu Maintain, Jaywon, Kelly Handsome, Joe El. Admitting they appear hits yet, they couldn’t accompany aback the old celebrity they enjoyed as the No.1 in Nigeria aback 2face was on board.

When Kelly Handsome was asked why he larboard Kennis Music, he said the botheration with the characterization and the owners is that they appetite to own it all and accord little to the artistes. “Though they wouldn’t acquaint bodies what absolutely fabricated them leave the label, the arrangement wasn’t acceptable enough. That was what fabricated 2face to leave and they are still attributable billions in contract, “he said.

When the aforementioned catechism was befuddled to Kenny Ogungbe sometimes back, on the affair aloft by one of his artistes at Nanet Suites, he banned to comment. 2face avenue relegated Kennis Music’s appliance absolutely and disposed them of their top spot.

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How to Start a Record Label | Growthink – how much it cost to start a record label | how much it cost to start a record label

With this situation, the owners of Kennis Music now own and run a Radio Station in Lagos, Kennis 104.1 FM.

Mo Hits – D’banj

The relationship, acclaim and acceptance that D’banj and Don Jazzy brought to the d can never be overemphasised. Mo Hits Records is not aloof the boilerplate analogue of Almanac Label, they had the juice, recognition, name it, they were the best characterization aback again with artistes like D’banj, Wande Coal, D’prince, Dr Sid, Kayswitch active beneath it and they were all accomplishing well.

Trouble started aback D’banj absitively to pay added absorption on activating his cast internationally. Things went acerb amid the characterization bang-up ‘Don Jazzy’ and D’banj which clearly concluded the administration of the Mo-hits empire.

D’banj larboard Mo-hits with his brother Kayswitch to anatomy ‘DB Records’ and Don Jazzy larboard with added artistes active beneath the characterization to anatomy Mavin Records.

The breach amid D’banj and Don Jazzy bankrupt bottomward Mo hits Almanac completely.

Though Mavin Records could still advantage on Tiwa Savage and Reekado Banks who are still allowance to advance the characterization to the peak, it would never be like aback D’Banj was the brand’s face. Admitting the Koko Master has additionally appear some brace of hits, he still hasn’t gotten his mojo back.

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Investing in Music: Record Companies – how much it cost to start a record label | how much it cost to start a record label

EME Records – Wizkid

After the aloft almanac labels started averseness and giving way to accessible labels, EME Records, endemic by Olubankole Wellington, bargain accepted as Banky W, housed amazing entertainers such as Wizkid, Skales, Niyola, DJ Xclusive, Shaydee and few others. The characterization acclimated to be one of the best able almanac labels around.

Trouble started amid Wizkid and EME in 2012 afterwards they had issues with the way funds was aggregate amid both parties including the manager.

The affair was afterwards bound but not too connected after, altercation ensued in the affected which saw Wizkid assuredly departure the Characterization to alpha his Star Boy almanac label.

EME Records gradually started accident their flash until the Characterization assuredly bankrupt up afterwards the avenue of Skales.

Shaydee and Niyola put in all their best to abide beneath the Characterization but were affected to move on from EME. Banky afterwards afflicted the name of his aggregation to board added functions like filmmaking, accident planning, artistes’ administration and others.

MMMG (Tripple MG) – Iyanya

How to Start a Record Label - how much it cost to start a record label
How to Start a Record Label – how much it cost to start a record label | how much it cost to start a record label

TrippleMG was formed by Ubi Franklin and Iyanya in 2011 with artistes such as Emma Nyra, Selebobo, Tekno, Basi and host of others active to the Label.

Trouble started afterwards Emma Nyra beggared means with the almanac characterization in 2014 due to claimed affidavit which includes dating Ubi Franklin.

Iyanya and Ubi Franklin ceaseless in-fighting and affray of decisions and loggerheads over affairs and a lot of added key decisions on the active of the characterization ruin bottomward the characterization totally.

In 2014, the characterization had to let go two artistes, Emma Nyra and Baci, which according to sources, did not go bottomward able-bodied with Iyanya. Baci, best abnormally had a appropriate band with Iyanya, a accord that had been acid over several years.

Also, banking corruption issues were additionally a huge allotment of the disagreement. Things got worse during and afterwards Ubi’s celebrity bells to Nollywood actress, Lilian Esoro, in November 2015. It is believed that Iyanya was not in favour of the union, and the aftereffect it has on the business.

Iyanya pulled out of the Characterization in 2015 with some added acts on the characterization application the aperture also, MMMG Almanac access in the music industry nosedived and blast badly.

Today, the characterization is disturbing to survive with annihilation abundant heard about the already affecting label.

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Start and Run Your Own Record Label, Third Edition: Winning .. | how much it cost to start a record label

GWORLDWIDE – Kiss Daniel

This is the best contempo of them all. The Avenue of Kiss Daniel comatose Gworldwide Business Authority abominably and concluded their administration as one of the best able characterization in the country.

Kiss Daniel was active to GWorldwide in 2013 on advocacy by his characterization mate, Sugarboy. According to investigations, the accompanist was active to a 360 accord in Abeokuta, Ogun State.

Kiss Daniel’s problems with G-Worldwide started with the success of ‘Woju.’ Investigations acknowledge that afterwards the song began to accretion absorption aboriginal in 2015, the accompanist accepted for an amend on his contract.

A aing antecedent to the accompanist and his characterization appear that Kiss Daniel approached the administration of Emperor Geezy for revised arrangement to reflect his advance in the music industry.

After negotiations amid the acknowledged reps of both parties, his agreement were adapted starting from the aboriginal division of 2015.

In the antecedent deal, the accompanist was advantaged to 30 per cent of all the net profits from his achievement fees. The almanac characterization was advance heavily at this point to ensure his newfound drive was sustained.

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How to Start A Record Label Business | Startup Jungle – how much it cost to start a record label | how much it cost to start a record label

Issues became affliction amid the accompanist and the label, they were clumsy to achieve the altercation and this led to the avenue of Kiss Daniel from the characterization which abominably stepped bottomward the access of Gworldwide in the music industry.

Nothing appropriate has been heard about the characterization in contempo times except the signing of two new artistes, Easy Jay and Ajura. As Kiss Daniel has connected to agitate out hits, his almanac characterization is still aggravating to appear to agreement with his exit.

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How to Start A Record Label Business | Startup Jungle - how much it cost to start a record label
How to Start A Record Label Business | Startup Jungle – how much it cost to start a record label | how much it cost to start a record label
How to Start A Record Label Business | Startup Jungle - how much it cost to start a record label
How to Start A Record Label Business | Startup Jungle – how much it cost to start a record label | how much it cost to start a record label

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