Mavin Records boss, Don Jazzy, has revealed the staggering cost of breaking a new artiste into the Nigerian music industry.
Speaking on a podcast where he reflected on the evolution of the music business, the music mogul disclosed that it typically takes between $200,000 and $300,000 to successfully launch a Mavin artiste.
The host then converted the figure to naira, noting that it amounts to about N300 million to N450 million.
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Don Jazzy explained how he discovers artistes which essentially involves him scouting on social media. He narrated how he discovered Ayra Starr and other artists via social media as he encouraged upcoming acts to take posting online seriously.
Watch video belowÂ
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