Zylofon Music record label is in financial crisis – PRO

The Public Relations Officer (PRO) of Zylofon Music, Arnold Asamoah Baidoo has disclosed that the record label is currently facing challenges.

Speaking on Peace FM’s ‘Entertainment Review’ on Saturday, he noted that there has been a lull in the record label’s activities due to financial crisis.
In his explanation, Arnold said the challenges are as a result of the current problems the parent company Menzgold is plunged in.
“As we all know Menzgold has been of great support to the Zylofon Music record label. It is the major source of financial help for the label and as the firm is no longer in operation, it is expected that the Zylofon company would encounter challenges” he stated.
This comes on the back of rumours that the company has asked some of its managers to resign and that some of its artistes were on their way to exit the record label.