Music Business News: Africa News Africa-focused streaming service Mdundo reports 41% jump in active users, as Nigerian currency crisis pressures revenueThe Nigerian naira fell 38% in Q1, putting pressure of Mdundo's revenue even as user growth continued unabated Analysis News Amapiano and Afrobeats videos saw nearly 4 billion global views on Vevo in 2023Music video network Vevo recorded a 56% YoY increase in viewership of Afrobeats and Amapiano videos globally in 2023 News Spotify challenges YouTube, launching music videos for Premium users in 11 marketsThe 11 markets include the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, Philippines, Indonesia, and Kenya. News Live Nation among backers of new 12,000-seat, $100m arena in LagosThe $100-million development comes amid a boom in the popularity of West African music News Robert Kyncl highlights Warner Music Group’s ‘big ambitions’ for MENA, as WMG signs India-based star Nora FatehiFatehi will remain signed to T-Series, the Indian music label and movie studio, for her Bollywood projects. News Universal Music Group buys majority stake in Afrobeats label MavinTPG has fully exited the business, while Kupanda Capital will a remain minority investor and strategic adviser Interviews ‘Independent artists and record labels in Africa can now match and surpass their counterparts in more developed markets.’MBW’s World Leaders series meets Osagie Osarenz, Director of African Operations at ONErpm News Africa-focused music streaming service Mdundo hits 30.8M monthly active usersThe company reported a steep drop in ad revenue, but large growth in paid subscribers1 2 … 23 Next
News Africa-focused streaming service Mdundo reports 41% jump in active users, as Nigerian currency crisis pressures revenueThe Nigerian naira fell 38% in Q1, putting pressure of Mdundo's revenue even as user growth continued unabated
Analysis News Amapiano and Afrobeats videos saw nearly 4 billion global views on Vevo in 2023Music video network Vevo recorded a 56% YoY increase in viewership of Afrobeats and Amapiano videos globally in 2023
News Spotify challenges YouTube, launching music videos for Premium users in 11 marketsThe 11 markets include the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, Philippines, Indonesia, and Kenya.
News Live Nation among backers of new 12,000-seat, $100m arena in LagosThe $100-million development comes amid a boom in the popularity of West African music
News Robert Kyncl highlights Warner Music Group’s ‘big ambitions’ for MENA, as WMG signs India-based star Nora FatehiFatehi will remain signed to T-Series, the Indian music label and movie studio, for her Bollywood projects.
News Universal Music Group buys majority stake in Afrobeats label MavinTPG has fully exited the business, while Kupanda Capital will a remain minority investor and strategic adviser
Interviews ‘Independent artists and record labels in Africa can now match and surpass their counterparts in more developed markets.’MBW’s World Leaders series meets Osagie Osarenz, Director of African Operations at ONErpm
News Africa-focused music streaming service Mdundo hits 30.8M monthly active usersThe company reported a steep drop in ad revenue, but large growth in paid subscribers