Mr Capable, Banky W, recently spoke at the 4th edition of the Nigerian Entertainment Conference, yesterday.
Banky, addressed the challenges facing the music industry, which in no measures is hindering the development of the multi million dollar industry.
According to Banky W:
I think that the structure of the music business in general needs a lot of fixing in Nigeria. We all need to come together and fix the structure. Everybody in the industry value change.
Yes the artistes record, the producer should be getting money on the back-end. They should be getting royalties for every of their music that’s played.”
I always like to use 9ice’s Gongo Aso album as example. In my opinion, it’s one of the albums that’s ever come out of Nigeria in our history.
I think the producer that worked on it, Id Cabasa should be getting royalty from the album. His children’s children should be eating from every music he has produced.
Banky W, who today co-owns one of the biggest record labels in the country spoke the minds of many at the conference as this is one of the issues that needs to be immediately and properly addressed.