After a bidding war between Universal Music and Sony Music, the only Two Major Distribution companies in the world, Wizkid has decided to go with the latter and just inked a global record deal with Sony Music in New York last Tuesday, September 13.
According to sources, Wizkid will receive a 7 figure advance (in US Dollars) and sign to RCA Records who will handle his distribution deal in the United States.
All things being equal, Wizkid will put pen to paper on a mega deal with Sony/RCA tomorrow (Tuesday). Everything is agreed in principle.
The deal places Wizkid and Davido on the same platform, which makes things very interesting. (Ayo Jay signed with RCA directly).
Universal made a strong play for Wizkid (a top exec travelled to London for talks months back), but Sony offered a much better “package”. Yaga! StarBoy is making it real..
Congrats to him.