I Run Record Label For 4 Years Without Taking A Dime From my Artists Davido reveal (Watch Video)
Davido, the Nigerian afrobeat sensation known as David Adedeji Adeleke, has revealed an interesting facet of his music journey. He opened up about running his record label, DMW (Davido Music Worldwide), without taking any payment from his artists for four years.
Davido’s commitment to managing his record label in this selfless manner is a testament to his dedication to fostering talent. Launching and maintaining a record label can be financially challenging for artists. Davido’s decision to offer a platform for his friends and fellow musicians to flourish is a commendable gesture. It underscores the spirit of community and mentorship in the music industry.
During a recent interview with American media personality Steve Stoute, Davido disclosed this unique aspect of his journey. He explained that he viewed it as a way to support the growth and ambitions of his friends.
The DMW boss made it clear to the new signees under his record label that the music industry is a business, and generating revenue is essential. He shared these insights as a panelist at UnitedMasters SelectCon 005 in New York.
Davido also expressed his joy that his own success has positively impacted the artists he initially signed to his record label, including Mayorkun, Peruzzi, and Dremo.
“I ran a record company for Four years and never took a dime from my Artistes” – Davido
🎥 – @SteveStoute pic.twitter.com/yoL7hFIqzv
— Daily Viral Gist (@Dailygistz) October 15, 2023