Music Business

Is Banky W Still Trying to Maintain Control? Wizkid is Still Signed to EME, We are “Re-negotiat(ing)”” – Banky W

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Banky W EME RecordsThe statement below has been attributed to Banky W in the past few days. Clearly a bunch of baloney, if he indeed made the statement.

There is no negotiation when, in the same statement, you say, “Wizkid has his own idea of how he wants to do things and he has plans for himself too.” This statement says it all.

The trust and mutual respect is gone. They both feel betrayed by each other.

At this stage, I am doubtful these two will reconcile. Oh well. Too bad, so sad. C’est la vie. We all keep it moving. On to the next one. Have we talked about Wizkid’s alleged 50/50 deal independent of his alleged 7 album contract deal that has led to this deteriorated situation with EME?

If not, I’ll hold off on it and let’s see if these two actually get back together then we can revisit that discussion.

“Wizkid is going international and as a result we have to re-negotiate the contract he signed. Wizkid has his own idea of how he wants to do things and he has plans for himself too. Wizkid is still with us, there’s no problem, things will be sorted out soon” Banky W told Silverbird.

Industry your thoughts and advice for the young and upcoming ones that may find themselves in this situation? I want to hear from artists and labels. It is hard running a business and many artists, without judging Wizkid, do come to the table with a sense of entitlement. But, an alleged 7 album contract deal? Wow!

-Uduak

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Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law website, livestream and podcast show empowering the African artist and Africa's rapidly evolving entertainment industry through its brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

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ABOUT THE FOUNDER

Credited for several firsts in the fashion and entertainment industry, Uduak Oduok (Ms. Uduak) is a fashion and entertainment lawyer, speaker, visionary, gamechanger, trailblazer, and recognized thought leader, for her work on Africa’s emerging global fashion and entertainment markets, and the niche practice of fashion law in the United States. She is also the founder of ‘Africa Music Law,’ an industry go-to music business and law blog and podcast show empowering African artists. Her work in the creative and legal industries has earned her numerous awards and recognitions, including an award from the American University Washington College of Law for her “legal impact in the field of intellectual property in Africa." She has also taught as an Adjunct Professor at several institutions in the United States. For more information, visit her at https://msuduak.com.

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