According to Naij.com the KORA award-winning singer left after a fallout with the label executives on a proposed new sharing formula.
Since Chidinma won the coveted MTN Project Fame Season 2 music competition about seven years ago, she has been signed to Capital Hills Records, a label managed by Clarence Peters and rapper Ill Bliss. The sharing formula from Chidinma’s concerts/shows, endorsements and other sources of revenue generation regarding her music had been 60:40 until about two years ago when the singer agitated for a 70:30 ratio, and her request was reluctantly granted by Clarence and Ill Bliss.
But what eventually became the last straw that broke the camel’s back was the beautiful singer’s recent demand for a 90:10 sharing ratio, a proposal that was instantly rejected by Clarence and Ill Bliss.
While agitating for the 90:10 ratios, Chidinma insisted that she would henceforth take responsibility for the expenses of her music videos among other things, limiting Capital Hills to handle her bookings and other management responsibilities. Chidinma’s exit from the label is said to be giving Ill Bliss more sleepless nights, owing to the fact that working with the singer is his major source of income. Clarence on the other hand is less bothered about the whole issue, as he is busy shooting different musical videos.
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