Mr Eazi, one of the most prominent names in the Afrobeats genre, has made history with the sale of his music portfolio company, Vydia, at a whopping price. This deal is being considered as one of the most significant deals in the history of Afrobeats.
Vydia, a digital audio and video distribution company, was recently acquired by the American company, Gamma. The company is owned by Mr Eazi’s capital fund, Zagadat Capital.
The sale of Vydia has been reported to be at an enormous sum of $1 billion. When converted to Nigerian naira, the amount is over 450 billion, making this a groundbreaking achievement for the Afrobeats industry.
This single deal has propelled Mr Eazi to the forefront of the industry, making him one of the richest Afrobeats artists in Nigeria. In fact, Nigerians are claiming that his net worth is now higher than that of Femi Otedola, his fiancée’s father.
With this impressive achievement, Mr Eazi has cemented his place in the music industry and has set a new standard for success in the Afrobeats genre.