Famous Afrobeats singer, Davido, has revealed that he ran his record label, DMW without collecting a dime from his artistes
for four years.
The singer said this in his interview with a US media personality, Steve Stoute.
He said he felt the need to educate them on the business side of the industry after four years following the global reception of Afrobeats.
“You know my label was really more like a family to me. I was young. I was just happy putting my boy on to me, that is what it was really all about for me.
“I ran my label for four years, and I didn’t take one dime from my artiste and I was paying for videos, accommodation and their welfare just because i was happy seeing that my success could rub up on this person, that was money for me.
“But obviously, Afrobeats got to a point now where it is global. So i now have to explain to the artiste these days that this is the music business. And you have to spend money to make money.”
Davido record label, DMW was established in 2016, and has served as the home to sensational music talents such as Peruzzi, Dremo and Mayorkun among others.
