By Kampala Sun writer
WCB Wasafi President Diamond Platnumz has come out to address claims of exploiting his signees – making them pay huge sums of money to terminate their contracts.
In a recent interview, Platnumz sought to clarify that WCB Wasafi is a record label that has invested heavily in music business and whoever gets signed under the label has to adhere to the terms and conditions put in place.
He made it clear that he runs the label as a full-fledged business and that’s why everyone who wants to terminate his or her contract must part with a certain amount of money.
He insists that he invests a lot in all talents signed under his label and that’s why they blowup within a short period of time.
“We are in music business but at first there were rumours that artistes are being exploited. It even reached to the President but we explained ourselves saying this is business and they understood it from our point of view.
“So you can’t just leave when we have invested millions in your craft. I invest in this people, make ensure they have a name for themselves, plus shows so that we can also make money at the end of the day,” Diamond explained.
Adding that; “If I wanted I could have invested that money in something else, but I choose to invest in entertainment. WCB artistes are some of the richest artistes right now because of the investment we put in them,”
The singer mentioned that his label has been nurturing superstars and he is proud what they have achieved under his wings.
Diamond’s explanation come days after his signee Rayvanny parted ways with his management after six years.