Wizkid will be receiving a mind blowing advance in US dollars from his record breaking deal with Sony Music’s subsidiary RCA Records, according to reports.
“According to sources, Wizkid will receive a 7 figure advance (in US Dollars) and sign to RCA Records who will handle his distribution deal in the United States”, music website NotJustOk reports.
It was revealed on September 13, 2016 Wizkid had signed a deal Sony Music Entertainment and RCA Records.
A source close to Wizkid’s camp told Pulse Nigeria that plans were in motion to announce this deal spectacularly, with many outlets reporting that Sony Music is involved.
“There’s something big coming up for Wizkid, and it happened while he was in America. The deal will be the biggest ever signed by an African, and signifies progress for the music business on the continent,” the source said.
Meanwhile NotJustOk’s head of content Ovie O. took to Twitter on September 12, 2016 to reveal some insights about the deal. He confirmed the rumoured bidding war between Universal Music and Sony Music for the star.
The deal places Wizkid and Davido on the same platform, which makes things very interesting. (Ayo Jay signed with RCA directly).
Universal made a strong play for Wizkid (a top exec travelled to London for talks months back), but Sony offered a much better “package”.
All things being equal, Wizkid will put pen to paper on a mega deal with Sony/RCA tomorrow (Tuesday). Everything is agreed in principle.
Wizkid’s signing with Sony Music will see him joining the likes of Davido who signed a deal in the same label and Ayo Jay, who is signed to RCA records.
The singer whose real name is Ayodeji Ibrahim Balogun, runs his own label imprint Star Boy has been making steady waves with his numerous collaborations with international artistes such asDrake, Swizz Beatz, Chris Brown and more.
The ‘Ojuelegba‘ crooner has also been working on dropping an album “Sounds From The Other Side” a first under the Star Boy imprint, where he has signed Ghanaian acts – Mr Eazi, Efya and R2Bees.
Sony Music is yet to make an announcement of this new deal . we are yet to receive a confirmation of this signing from Wizkid’s team.