5K Records is a relatively small label within the Sony Music family. When the team signed the track “People” by Libianca in early December 2022, the industry was preparing for a rush of Christmas hits to enter the charts and offices to shut down.
Streaming manipulation continues to be a source of concern for the music industry, including in Africa, according to streaming service Mdundo.
This afternoon sees the publication of the IFPI’s Global Music Report: the annual assessment of how the recorded music industry is growing.
The global music industry made $26.2bn from recorded music in 2022, according to the IFPI. That’s up 9% year-on-year.
Ultra Music Publishing is the latest western music company to step up its activities in West Africa, with a new ‘creative hub’ in Lagos.
Mdundo is one of the well-established music streaming services in Africa, and as a public company we get a regular insight into its growth.
The app enables artists and retailers to sell products to fans who can pay using bank cards or mobile payments platforms.
MBA for Africa returned for its second year in April, and evolved into a company led by its latest cohort of aspiring industry executives in September.
Sony Music Africa is giving its backing to a competition for emerging and unsigned artists in Africa.
Earlier this year, African music streaming service Mdundo outlined its ambitions to reach 50 million monthly active users [MAUs] by 2025.
Apple Music is getting back to its live roots by returning to the Roundhouse venue in London for a concert.
Music Business Academy for Africa brings together a cohort of students every year who are aspiring music industry executives.
