Daily News Briefing: Music, Tech, and Africa (03/21/22)
Recorded music market shares 2021 – Red letter year
After 2020 was constrained by the global pandemic, the global recorded music market rocketed into stellar growth in 2021, growing by 24.7% to reach $28.8 billion (the largest annual growth in modern times). 2020 growth was a much more modest (7%), but this reflected the suppressing effect of the global pandemic in the first half of the year.
Streaming revenues reached $18.5 billion, up by 29.3% from 2020, adding $4.2 billion – also a record increase. One of the key drivers of streaming growth was non-DSP revenue, representing deals with the likes of Meta, TikTok, Snap, Peloton and Twitch. Non-DSP streaming recorded music revenue totalled $1.5 billion in 2021, a massive uplift from 2020. DSP streaming (Spotify, Apple Music, Amazon Music, YouTube Music, etc.) also grew strongly too, reaching $17 billion.
Source: MIDiA
23rd Vodafone Ghana Music Awards announced the nominees
Source: Ghana Music Awards
Quickteller launchs music talent hunt show called Quickteller Barz and Notes
IT’S HERE!! Quickteller Barz and Notes!
Stand a chance to work with top celebrity producers, release an EP, and promote your music to the world for FREE with Quickteller.
Entries close on March 28th, 2022. Goodluck!
Source: Quickteller
Simi becomes the first African female artist to get 100 million plays on Audiomack
Source: Simi
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BPC published a report about Digital banking in Sub-Saharan Africa
Sub-Saharan Africa, the world’s youngest population provides an opportunity to grasp newer trends.
Based on the general trends in the market landscape for Sub-Saharan Africa, we have identified three major key success factors for new entrants to successfully enter the market and scale their operations.
- IDENTIFY THE RIGHT SEGMENTS AND GEOGRAPHIC MARKETS
- FOCUS ON ACCESSIBILITY, AFFORDABILITY, AND LOW-COST OPERATIONS
- BUILD AN ORGANISATION THAT QUICKLY ADAPTS TO CHANGE
Source: BPC
Mozilla and Open Web Docs working together on MDN
MDN and Open Web Docs began working together after the creation of Open Web Docs in 2021.
Open Web Docs is an open collective, with a mission to contribute content to open source projects that are considered important for the future of the Web. MDN is currently the most significant project that Open Web Docs contributes to.
Mozilla and Open Web Docs collaborate closely on sustaining the Web Docs part of MDN. The Web Docs part is and will remain free and accessible to all. Each organization shoulders part of the costs of this labor, from our distinct budgets and revenue sources.
MDN Plus is a new premium subscription service by Mozilla that allows users to customize their MDN experience.
Source: Mozilla