Daily News Briefing: Music, Tech, and Africa (08/17/22)
Deezer powers the launch of RTL+ music app in Germany
Paris, August 16th, 2022 – RTL Deutschland today announced the launch of music streaming app RTL+ Musik. Through its partnership with Deezer (Euronext: DEEZR), paying subscribers of RTL+ in Germany will now have access to 90 million tracks, more than 5000 curated playlists, and a user-friendly interface with key music streaming features. The music streaming service is a critical component in the expansion of RTL+ into a cross-media entertainment offering.
Source: Deezer
Audiomack Premiere Access Lets Artists Feed Fans First
As an artist, you’re constantly looking for creative ways to feed your fans and thank your biggest supporters.
Audiomack’s new feature, Premiere Access, allows artists to release their music to supporters early.
Fans get to hear new music before anyone else, while the artist opens up even more revenue than streaming alone.
Source: Audiomack
Mdundo.com hits milestone of $1 million in payouts to rights owners across Africa
One of Africa's leading music sharing platform Kenya's Mdundo.com with a whooping 20.3m monthly active users have announced that it has achieved a milestone of $1 million in payouts to rights owners across Africa.
Source: Pulse NG
Anghami Revenue Grows 29% in First Half of Year on Strong Subscription Growth
Anghami, a music streaming company that focuses on the Middle East and North Africa, improved its first-half revenue 29% — more than 50% at constant currency — from the prior-year period to $21.1 million, the company announced Monday (Aug. 15).
The Abu Dhabi-based company runs a freemium business model with a free, ad-supported tier as well as a premium tier for paying customers. In the first half of 2022, monthly subscribers grew 41% to 1.28 million while active users grew 46% to 19.5 million. It operates in 16 countries across MENA and has offices in Beirut, Dubai, Cairo and Riyadh.
Source: Billboard
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Tencent Music Entertainment Group Announces Second Quarter 2022 Unaudited Financial Results
Net profit of the Company was RMB892 million (US$133 million). Non-IFRS net profit of the Company was RMB1.07 billion (US$159 million), representing an 8.3% decrease year-over-year and a 13.4% increase on a sequential basis.
Total revenues were RMB6.91 billion (US$1.03 billion), representing a 13.8% year-over-year decrease and a 3.9% increase on a sequential basis.
Revenues from music subscriptions were RMB2.11 billion (US$315 million), representing an increase of 17.6% year-over-year. Paying users reached 82.7 million, increasing by 24.9% year-over-year. On a sequential basis, the number of online music paying users grew by 2.5 million.
Net profit attributable to equity holders of the Company was RMB856 million (US$128 million) and Non-IFRS net profit attributable to equity holders of the Company[1] was RMB1.03 billion (US$154 million).
Source: Tencent Music Entertainment
Luminate Releases Spotlight on Underrepresented Audiences Report
Luminate is pleased to share our Spotlight on Underrepresented Audiences report that takes a look at how audiences engage and interact with entertainment.
The report draws on Luminate’s quarterly Entertainment 365 U.S. study which gives insights into consumer behaviors, preferences, and attitudes when it comes to a wide range of popular entertainment today (e.g. gaming, music, film, virtual reality, podcasts, and more).
The report focuses on: Black/African Americans, Hispanics, Asian/Asian Americans, Native Americans, Women, and LGBTQ+ individuals, plus a bonus section on Gen Z.
Source: Luminate
Bandsintown Is Giving Artists More Direct Access to Fans With a New Suite of Tools
Bandsintown is giving artists complete control of their audience on the live music discovery platform with the launch of a new suite of tools designed to allow more direct communication with their fanbases.
Source: Billboard
Android 13 is in AOSP!
Today we’re pushing the Android 13 source to the Android Open Source Project (AOSP) and officially releasing the newest version of Android. For developers, Android 13 is focused on our core themes of privacy and security as well as developer productivity, making it easier for you to build great experiences for users. We’ve also continued to make Android an even better OS for tablets and large screens, giving you better tools to take advantage of the 270+ million of these devices in use across the world.
Source: Google