Every musician want (if not already) to own a record label. I feel there is a problem somewhere that needs to be fix. We are tired of low quality and cheap ass local record labels. Lets do what was done to the banks. Before you can own a record label, you should have an operating capital of N250 million....there and then I can say we are good to go.
recently, budding rapper and singer, Blackmagic, has called it quits with his record label, Syndik8 records.
Blackmagic, whose new video, Repete, does not carry the Syndik8 Records logo, has launched his own
label, Based of Belief, coupled with a management deal with Osagie Osarenkhoe‘s M.et.al Management.
According to entertainment newspaper, NET, the rapper walked away from Syndik8 when label head, Chukie ‘Lynxxx’ Edozien offered him a contract which would see Blackmagic signed on as just an artiste on the label, with no executive stake.
Sources say the rapper, who reportedly played an integral role in building Syndik8 Records, felt he was getting the short end of the stick and chose to leave the label after a fall out with Lynxx.
Blackmagic was conspicuously missing in Lynxxx’s most recent video, Eziokwu which features other members of the label including in-house producer and label president, Ikon; dancehall act Nedu; US returnee rapper, Blink; and in-house DJ, Obi.
Bukie I wount agree wit u on one condition,if rec labels are to pay such a huge sum b4 comin out, dat means some young talented upcoming artist will be at d recieving end as they would be striped of dia sums alot b4 any label showcase dem com they must make bak dia spent or borrowed money nbok?
ReplyDeleteWith d way dey r going,dat gal wey cry-sing 4 X-factor(Ramat) go vex go own her own record label......abi mk me tu own,mk i sign my hussy n 3kids as artiste?
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