• African news platforms have continued to steam from the record-breaking deal involving Mr Eazi’s portfolio company, Zagadat Capital.
• In March 2023, the multifaced artiste got recognized as the first Nigerian artiste to win a Latin Grammy Award.
• Mr Eazi has established his influence in both music, tech, and business, in Africa and globally.

Oluwatosin Ajibade, famously known as Mr Eazi, has recently stirred African News media and the rest of the world, with the recent sale of Vydia, the portfolio company in partnership with his venture capital fund, Zagadat Capital, for an astonishing $1 billion. The digital video and audio distribution company was acquired by American firm, Gamma, in an unprecedented transaction regarded by many as the biggest in Afrobeats, so far.

Gamma is a music and technology firm owned by former Apple Music Executive, Larry Jackson, who believes that Gamma’s vision is in seamless harmony with Vydia’s potential and capabilities, he is enthusiastic about the acquisition. He says “Vydia epitomizes the vision of Gamma as an ideas company.” Entertainment brands that have worked with Vydia include artists like Kanye West, Akon, Mr Eazi, and Anuel.

Source: www.nydjlive.com

Jackson said about the acquisition: “Gamma is built with the flexibility and aptitude that creators need to connect with fans on all formats and across all channels – with transparency and no restriction. We are a progressive media company powered by the best-in-class content distribution and analytics software by way of our Vydia acquisition.”

Beyond a rewarding career in Music, Mr Eazi’s influence in the business world has continued to grow. He set up and runs the music distribution platform emPawa, to promote Afro-music. The platform has worked with several artists including Namenj, Fave, Joeboy, Bella Alubo, and Mr. Eazi himself.

Source: www.nydjlive.com

Zagadat Capital, established in 2021, has speedily built a reputation for its strategic investments in different tech companies. The companies include home services provider Eden Life, remittance-based loaning firm Paisa, African fintech company Pawapay, and, newly, the South African basketball team, CapeTown Tigers. Zagadat Capital’s portfolio shows that Mr Eazi is committed to the promotion of innovation and advancement in the African tech network. Zagadat Capital’s early investments centred on music tech companies. The companies include ticketing platform SHOOBS, Mr Eazi’s enterprise emPawa, and American music distribution service Vydia.

Remarkably, emPawa used the services of Vydia before Mr Eazi made any financial investments into the platform, indicating that, from the onset, he was quite confident in Vydia’s potential. The success of this notable deal reinforces Mr Eazi’s status as a dominant figure in music, tech, and the business world. His impact on the global entertainment scene, as a many-sided entrepreneur, is undisputed. The acquisition of Vydia by Gamma will reform the music distribution scene, giving artists quality platforms and gears to reach new markets as they enlarge their careers.

Mr Eazi and his girlfriend, Temi Otedola. Source: www.gltrends.com.ng

As the digital age continues to alter the music creation, distribution, and consumption processes, Gamma’s vision mixed finely with Vydia’s infrastructure could be a possible harbinger of a new era of innovation in music. Mr Eazi’s accomplishments with Zagadat Capital and emPawa point to the tremendous potential for growth in the African tech and entertainment sectors. As more investors look towards the continent, we are likely to see more ground-breaking collaborations, offers, and deals that will all add up to push economic growth and enhance a flourishing creative network.

Mr Eazi, who recently made history by becoming the first Nigerian artiste to win a Latin Grammy Award, is set to become an in-law to one of Africa’s leading businesspersons, Femi Otedola.