MMusic Business Read More 1 minute read Afrobeats adds $2B to the global music economybyRichard BamideleOctober 4, 2024 Afrobeats have exploded onto the global stage, igniting a cultural wildfire that can’t be ignored. The success of…
MMusic Business Read More 2 minute read Mdundo and Premier Records Partnership Will Breathe New Life to African ClassicsbyRichard BamideleSeptember 8, 2024 As seen with the resurgence of classics like Gentleman Mike Ejeagha’s ‘Ngwo Ngwo Ngwo,’ which recently gained new…
MMusic Business Read More 2 minute read Warner CEO Hails Burna Boy, Dua Lipa as Key Drivers of $1.55 Billion Q2 RevenuebySharon OkhideAugust 15, 2024 During the earnings call, Warner CEO Robert Kyncl praised Benson Boone, Zach Bryan, Dua Lipa, Burna Boy, and…
MMusic Business Read More 5 minute read What It Means for Africa as Rema’s “Calm Down” Joins Spotify Billion ClubbySharon OkhideAugust 13, 2024 Joining the exclusive Billions Club on Spotify, “Calm Down” is in the company of only 472 tracks out…
MMusic Business Read More 3 minute read UMG’s Majority Investment in Mavin Could REALLY Be Around $200 MillionbySharon OkhideAugust 13, 2024 UMG will account for its investment in Mavin as a business combination; meaning Mavin’s financials (assets, liabilities, revenues,…
MMusic Business Read More 3 minute read India Becomes Second-Largest Streaming Market Globally; Signals as Hotbed for African MusicbyRichard BamideleAugust 13, 2024 Amassing over 1 Trillion streams in 2023, if India maintains similar volume increase for another year, it could…
MMusic Business Read More 2 minute read Universal Music Group and META announce expanded global agreementbyRichard BamideleAugust 13, 2024 Universal Music Group and Meta have announced an expanded global licensing agreement which will, they say, enhance music integration for UMG…
MMusic Business Read More 4 minute read PRS “no longer operating in the best interests” of songwriter members says open letter in direct licensing disputebyRichard BamideleAugust 13, 2024 A group of songwriters who are suing PRS have written an open letter that is scathing of the…
MMusic Business Read More 1 minute read Sony Music reports up to 26% revenue for first quarterbyRichard BamideleAugust 7, 2024 Sony Music has reported its financial results for its fiscal first quarter ending 30 Jun, with recorded music revenue…
MMusic Business Read More 1 minute read Music Streaming Suffers Significant Dip Following Nationwide Internet OutagesbyRichard BamideleAugust 7, 2024 Premium streams fall 5-22% across artiste catalog in Nigeria on Aug 1, 2024 following nationwide internet connectivity problems. …