Music Business

VIDEO: Wande Coal is highly ‘WANTED’, Signs Deal with GT Bank, Makes Clear Don Jazzy Did Not Make Him

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Wande Coal GT BankWande Coal, who was previously signed with Mo’Hits records, and operated on a verbal contract with Mavin Records, finally left the aforementioned labels to do his own thing. Long time AML readers know that when all of the crises went down with the prior labels, I wrote here on AML that Wande Coal needed to be his own man and create and walk his own path. It seemed like the most logical thing to do.

Some years later, he has done just that and remerges with a new album titled ‘Wanted.’ What’s particularly interesting is how much the industry, fans and media are embracing his music. In addition, he has now signed a deal with Guaranty Trust (GT) Bank, one of Nigeria and Africa’s leading banks, and, for the record, makes it clear Don Jazzy (CEO of Mavin Records and former owner of Mo’Hits) “did not make him.”

Where are my AML music business folks?  I am intrigued with the continued increase and shift where telecommunication companies appear to be playing the role of record labels in Nigeria. It is almost as if you don’t really need the labels anymore, in terms of the way these deals are executed. Now, I do realize Wande Coal owns his own label. Nevertheless, majority of the industry, it seems, now makes majority of its monies from endorsement deals from these telecommunication companies, and now banks are jumping in.

So my question to you AML music business heads is as follows: do you think the current business model where artists make majority of their monies from endorsement deals is a problem? If so, why?

NOTE: I deliberately excluded the live performance fees that have traditionally been the sole source of income for our artists; as I believe there is a drastic shift towards what I describe above.

-Ms. Uduak

Business of Music North Africa Roundtable

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Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law blog and podcast show by Fashion and Entertainment Lawyer Ms. Uduak Oduok empowering the African artist and Africa's rapidly evolving entertainment industry through brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

Credited for several firsts in the fashion and entertainment industry, Ms. Uduak is also a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her law firm’s intellectual property law, media, business, fashion, and entertainment law practice areas. She has litigated a wide variety of cases in California courts and handled a variety of entertainment deals for clients in the USA, Africa, and Asia.

Her work and contributions to the creative industry have been recognized by numerous organizations including the National Bar Association, The American University School of Law and featured in prestigious legal publications in the USA including ABA Journal and The California Lawyer Magazine. She is also an Adjunct Professor at the prestigious Academy of Arts University in San Francisco.
For legal representation inquiries, please email (uduak@ebitulawgrp.com). For blog related inquiries i.e. advertising, licensing, or guest interview requests, please email (africamusiclaw@gmail.com). Thank you for visiting Africa Music Law™.

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