Diamond Platnumz has finally addressed what transpired when Rich Mavoko, Harmonize and Rayvanny quit his music label.
Wasafi has seen a number of artistes quit over the past few years. Rich Mavoko, Harmonize and Rayvanny were locked in a fierce tussle with Wasafi when they demanded to leave the label before their contracts expired.
The singers were forced to pay hefty fines to buy out the remainder of their contracts. They were bound by the terms and conditions of the contracts they signed.
The trio was forced to pay millions of shillings to buy the remainder of their contracts when they quit Wasafi before their contracts expired.
Wasafi slapped Harmonize and Rich Mavoko with a Tsh500 million/Ksh23 million fine while Rayvanny was required to pay a whopping Tsh1 billion/Ksh50 million.
Diamond recently spoke about artistes leaving his music label. He noted that artistes signed under his music label lacked patience.
View this post on Instagram
The Wasafi singer said that former Wasafi signees after making money looked for ways to make the money all by themselves.
“When you are signed under a record label, you don’t just become an artiste, you become business. The problem with our signees, when they get that money, they look for ways to get that money alone.
“They start coming to the government and hiding there. They start saying they are being mistreated and the government protects them, and some investors are afraid to face the government. We want to have laws that protect both artists and investors,” Diamond said.
The Wasafi boss dismissed reports that he is exploiting musicians signed under his label by making them pay huge sums of money to terminate their contracts.
He stressed that he invested heavily in the music business and those signed under Wasafi must adhere to the terms and conditions put in place.
“We are in the music business but at first there were rumors that artistes are being exploited. It even reached to the President but we explained ourselves saying this is business and they understood it from our point of view. So you can’t just leave when we have invested millions in your craft. I invested in these people, made sure they have a name for themselves, plus shows so that we can also make money at the end of the day,” Diamond Platnumz explained.
