The CEO of Zylofon Media and MenzGold, Nana Appiah Mensah yesterday shared a private message he received from a fan who has cautioned him to stop wasting his money in on celebrities and concert on investing on projects that will bring him returns.
According to the fan who says he has invested in MenzGold, Ghanaian celebrities will not bring him any returns so there is no need for him to waste his money trying to revive a dead horse.
Nana Appiah Mensah through the Zylofon Media label has signed musicians such as Stonebwoy, Kumi Guitar, Obibi ni, Joyce Blessing and others. He has equally signed movie actors and actresses such as James Gardiner, Benedicta Gafah, and others. He has also invested heavily in the industry.
Nana Appiah Mensah, the Zylofon CEO shared the private chat without mentioning the person’s name. He asked his fans to express their opinion on the fan’s suggestion.
A lot of celebrities was outraged by the comments shared. They accused the person of discouraging the man who is trying his best to help revive the sick industry.
Captain Planet of 4X4 fame who was obviously not happy about the suggestion commented:
Whoever u r pls mind ur own business. What makes u think this great business man doesnt know how to invest his money n if i may ask, r u the one to show him where to invest his money n where not to invest his money. He is not an illiterate he knows what he is doing so pls mind ur business . If u r saying glo has failed doesnt mean he is also going to fail. MIND YOUR OWN BUSINESS . This man is old enough to choose between the devil n the deep blue sea so mr. man MIND YOUR OWN BUSINESS. Showbiz = 50% show 50% business.
After deliberations of the fan’s cation, Nana Appiah Mensah stated that the Showbiz industry is indeed profitable and he will do what he can to fix the industry. He wrote:
Based on the many comments on the subject as to whether or not; ARTS IS A LUCRATIVE VENTURE? the million and one answers all lies in ZYLOFON CASH. This system shall create an arts regime where all artists, managers, beat makers, even backing vocalists, songs/script writers, promoters/marketers, dancers/choreographers, most importantly investors, nationals or expats and ALL RIGHT OWNERS would earn hard Cash? for the usage of their creative materials/properties by a means called ROYALTIES, which is pivotal in the creative arts enterprise worldwide.
I’m glad by yesterday’s topical discussion, following the many views, it emerged evidently clear that we have a very sensitive grave problem in our arts industry, identifying the problem is half the solution. Most importantly, lets dispel the misconception that, artists or as most people prefer to call them “celebrities” aren’t interested in investors having returns on their investments, I know they do, at least all the Zylofon signees does. They all wish investors can earn and earn many more, just so others can follow suit except that, they can’t help it as they have a very minimal role to play in the realization of that desired goal.
Their job is to create and produce/record and I know all artists in Ghana discharge that burden happily and enthusiastically. The deficit here is an effective, efficient and very potent SYSTEMS & STRUCTURES that would be utilized to monetize the works these fine, hardworking and very committed Ghanaian artists or celebrities take lots of pains sacrificing many days and sleep times at nights recording. For example; @beccafrica and @stonebwoy gave Zylofon an album each ( a product ) to sell in other to split shares as agreed. At that point, their job is done.
Therefore for anybody to say or even think that, these guys are lazy, insensitive, not committed, bent on causing losses or not great investments would be an unfair assertion to make and that misconception must be dispelled forcefully. All Ghanaian artists and celebrities are well talented and are worthy of any investment. I urge all Artists to be of good cheer and encouraged. Hope is here. I SHALL FIX THIS INDUSTRY, SO HELP ME GOD.?