Popular Nigerian singer David Adeleke, widely known as Davido, has revealed plans to buy back the rights to his music catalogue from his international record label, Sony Music, before he retires from the entertainment industry.
Davido made this disclosure during a recent appearance on The Long Form podcast, where he spoke extensively about the importance of artists taking control of the business side of their music.
According to the Afrobeat superstar, independent ownership of musical works is the most critical asset for any creative artist in the modern entertainment landscape.
The singer said his main motivation for reclaiming his music masters is to secure his children’s financial future. He noted that once he secures full ownership of his songs, he intends to distribute the rights among his children so they can continue to earn long-term royalties from his hard work even after he steps down from the stage.
“I have a good music contract. But the most important thing is ownership. I plan to get my master’s back from Sony soon. With that, I can give each of my kids songs they will keep earning royalties from even after I retire.”
