The news coming from the camp of Mavin Records has it that their premier artist, Wande Coal, is about floating his own record label.
The label is to be called Black Diamond Records and will have its own artists but Wande will remain a Mavin Records artist.
The formation of the label is reportedly with the blessings of Don Jazzy and it will be a similar arrangement with M.I’s Loopy Records which runs independently even when M.I is still a Chocolate City Records artist.
Don Jazzy is fully in support and it will not in any way disturb Wande’s status as a Mavin Records artist.
Inside sources claim that Wande’s desire to form his own record label goes as far back as his Mo’ Hits days when a disagreement with D’banj almost led to him leaving the label but for Don Jazzy’s intervention and promise to support him.
The time for that support has come. Wande is currently working on his sophomore album and has released a number of singles as precursors to it.
Other artists on the Marvin Records imprint are D’ Prince, Dr Sid and Tiwa Savage who is the only non-Mo’Hits member.