Banky w says eme no longer record label

You're referring to the recent news about Banky W and E.M.E (Empire Mates Entertainment)!

Yes, it's true that Banky W, the founder of E.M.E, has announced that the record label is no longer in operation. In a statement on his social media pages, Banky W revealed that he has decided to disband the label, citing the challenges of the music industry and the need to focus on his own projects.

E.M.E was founded in 2002 and was home to several successful artists, including Wizkid, Skales, Niyola, and Shaydee, among others. The label was known for producing and promoting Afrobeats music, and many of its artists went on to achieve significant success in the industry.

Banky W's decision to disband E.M.E is likely due to the changing landscape of the music industry, which has become increasingly competitive and challenging for record labels. Many labels have struggled to adapt to the rise of streaming and the decline of physical album sales, and some have been forced to restructure or close their doors.

Despite the closure of E.M.E, Banky W has announced that he will continue to focus on his own music and projects, and has hinted at new ventures in the pipeline.