Afrobeats sensation Davido revealed during an interview with American media personality Steve Stoute that he managed his record label, DMW, for four years without receiving any payments from his artists.
In those early years, his label felt more like a close-knit family, and his primary focus was on nurturing talent and sharing his success.
Davido reportedly covered expenses like video production, housing, and their well-being out of sheer joy in elevating others.
However, as Afrobeats gained global recognition, Davido realized the importance of educating his artists about the business aspects of the industry.
He emphasized that the landscape had evolved, and now, he needed to convey that the music business required investments to reap financial rewards.