E.M.E BOYS WIZKID AND BANKY W FALL APART OVER REVENUE SHARING FORMULAR
The split rocking the EME duo of Banky W and Wizkid, inside sources say, resulted from an alleged high difference in what Banky W gets from revenues made by the young star, Wizkid.
Sources say the “injustice”, has been bothering Wizkid until he summoned the courage to ask for an improved contract from Banky W, which hit him (Banky) by surprise.
“You know Wizkid is the backbone of EME music label. The boy (Wizkid) feels that Banky W has been milking too much from him with the large chunk of what Banky W takes from what the boy makes.
“Wizkid has asked for an improved contract because the present one allocates much of Wizkid’s earnings to Banky W. You know when you are coming up, you sign any kind of deal because you just want to climb stardom. That may be the reason behind his post last week on popular social site twitter where he said...”Don’t take loyalty for stupidity; don’t!”
“That is the situation the boy finds himself but Banky felt hurt that Wizkid could ask for an improved offer after what he (Banky W) has done for him.
“This was the beginning of the problem between them. The boy even threatened to leave the label sometime ago but Banky W felt it was a joke. He took it with a pinch of salt. Now, he is at a crossroad and confused on what to do,” an insider source revealed.
Wizkid’s mum waded into the matter but Wizkid reportedly ignored his mum advice and stood his ground on leaving the label. “Wizkid’s mum has also tried to talk sense to her son but it seems he (Wizkid) is bent on moving on with his life.”
By the way EME stands for Empire Mates Entertainment…but everybody for the label na mate?