Ambitiouz Entertainment is not Shutting Down Says CEO Kgosi Mahumapelo

The CEO of Ambitiouz Entertainment Kgosi Mahumapelo has denied reports that the record label was closing due to bankruptcy.  The record label released a statement on X.

Part of the statement reads as follows, “We regret to inform that you might need to stock up on more popcorn because Ambitiouz Entertainment isn’t going anywhere, in fact we’re just getting started.,”

Below is the statement.