Asake has Reportedly Parted Way With Olamide, ending 2 Years Contracts with the YBNL.
This was reported via @Videowheeltv on their Instagram handle, 9jaglover has learnt.
Olamide has peacefully allowed Ahmed Ololade to terminate his contract and part ways with his record label, YBNL Music
Mr. Money has been given the masters to all his songs recorded under the label, but they will maintain a royalty split on the songs for a long run, which is a minimum of 10 years.
Olamide has reportedly said this:
“I didn’t create YBNL because I wanted to make money. I created it because I wanted to see other young people grow, so if any artist under me wants to leave, they are free. Asake has done his part, and I’m proud of him.”
The singer has now removed anything concerning YBNL from his social media handles and unfollowed everyone, including Olamide.
This contract was reportedly terminated a few months ago after the release of his Lungu album!
9jaglover gathered that following the expiration of Asake’s contract, Olamide presented a new contract to the music star to sign, which he declined.
However, Olamide made strenuous efforts to persuade the singer to sign the deal but to no avail.
He recently walked out on the negotiations, opting to become independent.
“The final straw happened two (2) weeks ago when the music star walked out completely out of the deal opting to be his own boss”
The singer joined YBNL in 2022 and became famed with his hit song ‘Sungba’,.
He achieved a groundbreaking milestones, including the impressive feat of selling out the O2 Arena twice.
Finally this development has generated lot of trends on X and other social media platforms.
Meanwhile,some believed that Asake will struggle just like others did after leaving their record label.
As at the time of publishing this report, Asake and Olamide have not made any statements over this issue.
In summary, we believe in coming days, the duo will issue statements either from their social media handles or other means.
