It was an emotional moment for many at the Nigerian Entertainment Conference 2015 held at Eko Hotels and Suites, when Audu Maikori CEO of Chocolate City Music announced his plans to retire come June 2015.
According to him, his decision was based on the need to further strengthen the company and allow for the injection of new ideas into the system. He however did not reveal who will replace him.
‘I have headed Chocolate City for the past 10 years and its been the most amazing period of my life despite the many challenges that came with it. There were times, I would get home and wished I wouldn’t have to go to work the next day. Some other times, artistes will need money and even though unavailable, we still have to find a way.
At this point I have decided to step down as CEO of Chocolate City to allow for the younger generation to steer the ship. My resignation takes effect from June, but I wont disclose who will take over from me until then’, he said.
His announcement came shortly after one of the label’s super stars, MI had spoken explicitly about why record labels will continue to operate in the industry for a long time to come,
‘At Chocolate City, we have adopted what I will like to call the “360 deal” approach. This caters for the artiste as a brand in totality and seeks to promote and better his craft, sales, management, endorsement as well as appeal to fans, rather than just sell his albums’
MI later announced the merger of his Loopy Music with Chocolate City and a compilation album which will be released exclusively on STAR Music App.
The record label has had Maikori chair its affairs since it was founded in 2005 and presently boasts well over 10 artistes including MI, Ice Prince, Jesse Jagz, Ruby Gyang, Nosa, Victoria Kimani, Loose Kaynon, DJ Caise, DJ Lambo and others.