"CONTRACT REVIEW" behind Wizkid and EME split
Facts have begun to emerge regarding the
real reason behind Wizkid and The EME boss
(Banky W) fallout. The reason is connected
with the rising sensational singer (Wizkid)
being made a source of cash flow for the
EME label. An Insider opened up to
Entertainment Rendezvous that Wizkid is at
war with Banky W and EME because he
wants a contract review which Banky W has
refused. The source pointed out that since
Ayodeji Balogun popularly known as
Wizkid signed with EME, he has been getting
just 25% from whatever he gets paid to
perform at an event with Banky W. Empire
Mate Entertainment EME is owned by
Banky W and Segun Demuren,and Osagie
Wizzy’s ex- manager who introduced him to
Banky after big record labels like Mo-Hits
and Storm records rejected him, also gets
25% each from his hard earned money. “It is
true they are having problems and this
might just be the end of EME and Wizkid.
When Wizzy signed a 2- year contract with
EME late in 2009, he saw Banky as his
messiah because he was nobody in the music
industry. It was a 50-50 sharing formula.
Then Wizkid didn’t mind because he was bent
on building his musical career. In his
contract, Banky W promised to take care of
his accommodation, feeding and also his
school and based on this fact, Wizkid
accepted all the terms of agreement. Later,
Wizzy sacked his manager, Osagie replacing
her with Godwin because he felt she was
getting too much. Wizkid was getting just
25% from every show because Banky W
would take 50% while Osagie was taking
25%. Wizzy sacked Osagie because she was
not ready to receive 10% which other
management companies were taking from
artistes. This development obviously did not
go down well with Banky W but because
Wizzy was close to the end of his contract
with EME, Banky gave in. When Wizkid’s
contract expired late last year, he wanted a
contract review requesting the 50-50 sharing
formula to be reviewed to 70-30 but Banky
would not accept his proposal. This issue had
been dragging since September 2012 and
that could have explained why Wizkid moved
out of Banky’s Ogudu GRA residence and
got a new apartment in Lekki. What got
Wizzy miffed was that he was making all the
money for EME and was getting less. Also,
the money being made was being used to
finance the project of other EME stars
namely, Niyola, Skales and Shaydee.”
Apparently Wizkid’s international fame
gave him more confidence to stand out on his
own. Riding on this platform, he signed a
management deal with Disturbing London,
an international management company.
Right now, his second Album is ready and it
is with Banky W. Wizzy is bent on leaving if
they don’t agree with his terms and float his
own label STARBOI Records. Banky W
may not have given their side of the story but
insiders noted that Banky has spent a lot to
make Wizkid who he is now. He feels Wizkid
is not grateful and has forgotten where he
was coming from. This is
what Leadership Newspaper is reporting.
( This Information allegedly leaked from a
close source to EME.)
To my own opinion..what matters is where you're going and not where you're from...share your thoughts
Created at 2013-02-20 10:18:47
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UNDER MAINTENANCE
Dis guy (Wizkid) head dey dere ..y person go reap watin him no sow ...Banky won over chop from small money Wey him contribute
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