Oskido: Kalawa Jazmee is not going anywhere
Johannesburg - Relax music lovers, your beloved Kalawa Jazmee is safe and sound!
Fans woke up to reports on Thursday morning claiming that the legendary music label that birthed much of SA music and gave us artist such as Trompies, Bongo Maffin, Mafikizolo and Boom Shaka, would soon shut its doors and sell its soul to a major label.
According to the reports, Kalawa would be moved into a new company, Tacwise, in which Universal Music would hold a 51 percent stake. Under the proposed deal, Oskido would be set to receive a R28 million payday.
But speaking to The Juice shortly after the reports broke, Oskido denies the deal, saying that Kalawa Jazmee is not going anywhere .
"It's not true. Our contract with Universal has expired, as it does every 5 years, and we are simply re-negotiating a deal," he says.
"Kalawa Jazmee will continue as a label going forward," he adds.
The news comes only a week or so after DJ Tira's music label, Afrotainment, was caught in a social media storm, after reports that the label was in trouble and set to lose their star act, Big Nuz (more on that here).
Who said being a music fan was good for your heart?