"In investing, we spend a lot of money. When signing an artiste, we have to invest so much in each so that they can be big brands, it is not a one year thing. you have to be patient to be able to get good shows."
Diamond further stated that the main challenge most music investors face is lack of support from the government.
"People are talented. singer TID is among the talented artistes in East Africa and if someone invested Tsh 1M in him, he would be big," Diamond said.
He then asked artistes to be patient in wherever they are signed.
"When you are signed under a record label, you don't just become an artiste, you become business. The problem with our signees, when they get that money, they look for ways to get that money alone," he said.
"They start coming to the government and hide there. They start saying they are being mistreated and the government protects them and some investors are afraid to face the government.
We want to have laws that protect both artistes and investors."
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