The artist Bigiano popular for his song ‘Shayo’ is caught in the crossfires between two management companies. The allegation is that he along with management company #2, Pun Communications, tried to sideline management company #1, Goldspan Entertainment.
Goldspan has now retained the services of a law firm, who issued a demand letter in January, to represent its interests. I am unsure whether the parties are now in negotiations over possible settlement or whether they have filed/will follow through with filing a breach of contract action in court.
Nevertheless, Goldspan, according to the demand letter below, claims it introduced Bigiano to Pun Communications. During the introduction, Goldspan informed Pun that they had a management agreement with Bigiano and it appears it was also reduced in writing. The arrangement was as follows:
Pun would pay 500,000 Naira sign on fee to Goldspan in signing Bigiano.
Pun would also pay Goldspan 10% of all income generated by Bigiano, specifically his income derived from his bookings, and his performance and endorsements, whether they be from record labels or corporations. In addition, Pun was to pay Goldspan 300,000 Naira every quarter.
The allegation is that Pun and Bigiano basically tried to pull a fast one and did not follow through on the contract terms, hence the breach of contract. As a result, Goldspan is asking for 5Million Naira.
AML people, I’d be interested in what some of you in the industry have to say about the above arrangement, independent of the allegations.
Read the demand letter as seen on Nigeriafilms.com. We will have to wait to see what becomes of this case. Nevertheless, it is not unusual to hear of or see people try to pull a fast one in showbiz. Having a contract in place makes it easy to show a breach of contract, in a court of law, should you decide to sue.
Nigeriafilms.com has the full story.
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