Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    AFCON U-20: Egypt suffers 4-1 defeat to Nigeria in penalty shootout losing bronze

    May 18, 2025

    Sanwo-Olu honours with Premier League trophy, ready to continue using sports as tools for development

    May 18, 2025

    Osimhen shines as Galatasaray win Turkish Super League

    May 18, 2025
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      Akpabio Predicts Unification of Akwa Ibom Politics Ahead of 2027 Elections

      May 17, 2025

      LASIEC gives dates for local elections

      April 12, 2025

      Shehu Sani for Kaduna central senatorial seat in 2027

      March 31, 2025

      Here’s the coalition of Atiku, El-Rufai, Tanko to challenge Tinubu in 2027

      March 20, 2025

      Jandor to spring up surprise by visiting Tinubu, Atiku, others after dumping former party

      March 14, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment May 17, 2025

      Amb.Queen Blessing Ebigieson meets Acting High Commissioner of Indian on Nollywood, Bollywood collaboration

      Recent

      Amb.Queen Blessing Ebigieson meets Acting High Commissioner of Indian on Nollywood, Bollywood collaboration

      May 17, 2025

      Hosting rights to AFRIMA 2025 goes to Lagos – African Union

      May 17, 2025

      Nollywood star, Mary Remy Njoku asks for scrap of JAMB – the time waster of students

      May 16, 2025
    • Business

      Access Holdings 2024 profits rises to N867b

      May 16, 2025

      LAPO free medical: 16,285 benefit from outreach

      May 15, 2025

      Fidelity Bank stock rises to ₦21, reclaims trillion-naira market cap

      May 15, 2025

      We’re making progress on unveiling MSMEs on global stage – FG

      May 13, 2025

      US, China meet at a point, cut retaliation tariffs in trade 

      May 12, 2025
    • Health

      NDLEA adds two forensic labs to the existing, modernize Lagos

      May 12, 2025

      Falana Demands Probe into Alleged Mismanagement of $3.4bn IMF COVID-19 Loan

      May 11, 2025

      Gov Otti approves 100% doctors salary hike, MMA reacts with praises

      May 8, 2025

      Lagos begins first round of 2025 National Immunisation Plus Days

      May 5, 2025

      Otti makes move to erect $1.3bn medical city to reduce foreign dependence

      May 2, 2025
    • Culture

      Itsekiris, Yorubas are related from source –  Alaafin Of Oyo

      May 12, 2025

      Supposed misunderstanding between Alaafin, Ooni skeptical 

      May 4, 2025

      Aláàfin Ọ̀yọ́’s Coronation a giant leap in Yoruba renaissance – Olaopa

      April 5, 2025

      Anyaduba Pens Tributes To Trudeau Says His Cultural Inclusivity, Outstanding 

      March 10, 2025

      7th Omoluabi Festival, Ooni, Alaafin, Alake, Olowu Kuta, Peller, IGP To Speak On Regionalism, Peace Building and National Development 

      March 4, 2025
    • Lifestyle

      The Economic Imperative: Repurposing Private Vehicles for Commuter Transport in Lagos

      May 11, 2025

      EDO FRONTLINE POLITICIAN, HON PASCAL UGBOME CELEBRATES 60TH BIRTHDAY WITH ORPHANS….

      May 5, 2025

      Chimamanda Adichie Had Twins Through Surrogacy, Asked Women To Set Aside Stigma Around Fertility

      May 2, 2025

      City People Publisher at 60: Celebrating Seye Kehinde with a touch of difference

      April 30, 2025

      Mike Adenuga @72: The Spirit of Africa, A Life of Impact, Sacrifice and Unending Philanthropy

      April 29, 2025
    • Sports

      AFCON U-20: Egypt suffers 4-1 defeat to Nigeria in penalty shootout losing bronze

      May 18, 2025

      Osimhen shines as Galatasaray win Turkish Super League

      May 18, 2025

      NWFL Increases Prize Money For 2025 Premiership Super 6, Announces N24.5m

      May 17, 2025

      Osimhen speaks on transfer – ‘… big decision at the end of the season.’ 

      May 16, 2025

      NOC, for National Sports Festival, unveils mental health platform 

      May 15, 2025
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»News»Recorded Music Revenue in Africa rises above 22% on Strong Digital Demand 
    News

    Recorded Music Revenue in Africa rises above 22% on Strong Digital Demand 

    Ifetayo AdeniyiBy Ifetayo AdeniyiApril 5, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Recorded Music Revenue in Africa rises above 22% on Strong Digital Demand

    Recorded Music Revenue in Africa rises above 22% on Strong Digital Demand

    Strong streaming performance helps Africa’s recorded music revenue past $100 million for the first time.

    Music revenue across Africa surged over 22% in 2024, surpassing the $100 million threshold, according to the International Federation of the Phonographic Industry (IFPI).

    Earnings were fuelled by subscription streaming, making Africa one of the fastest-growing music markets globally.

    The report’s Africa figures exclude North Africa, the addition of which would have boosted the continent’s reported total revenues well beyond the US$110 million highlighted in the IFPI’s Global Music Report 2025.

    Global Music Report 2025 numbers show Africa’s revenue growth considerably outpaced the global average of 4.8%.

    Streaming accounted for most of the continent’s revenue growth as mobile internet penetration expanded.

    Platforms like Boomplay and Spotify, partnered with telecom giants MTN and Airtel, leveraged low-cost data bundles to drive subscriptions.

    IFPI data indicate that Africa’s digital revenue now mirrors global trends, with streaming comprising 67.3% of total earnings.

    Global music revenue rose 4.8% to $29.6 billion in 2024, marking a decade of consecutive growth. Mature markets lagged: the U.S. and Canada inched up 2.1%, while Europe grew 8.3%, bolstered by vinyl sales in Germany and France. Asia’s growth slowed as physical sales, still 45% of its revenue, dropped 4.9%.

    In Africa, affordable smartphones, broader internet access, and tailored subscription models have unlocked digital platforms for millions of users.

    Flexible pricing structures geared toward mobile consumers have given streaming services a decisive edge in capturing revenue.

    Record labels have intensified investments in Africa, focusing on artist development and forging partnerships with international platforms to amplify visibility.

    Genres such as Afrobeats and Amapiano have surged beyond local audiences, reaching global markets and further boosting earnings. Strategic moves by labels to connect African artists with global streaming giants have accelerated adoption and amplified revenues.

    Continued growth “is a clear testament to the strategic actions the record companies undertake to create opportunities in the region not only for artists but also for fans of recorded music,” said IFPI Africa director Angela Ndambuki.

    “The region has, over the past few years, registered significant growth in digital revenues, especially subscription streaming.”

    She further urged governments to modernise copyright frameworks to attract long-term capital to the wider sector.

    Still, the gap between Africa and larger markets such as Europe and North America highlighted opportunities to scale infrastructure, expand licensing agreements, and deepen artist development.

    “One of the key issues we’ve looked at in this report is the role of AI in music,” said Victoria Oakley, IFPI CEO, noting that “record companies have embraced its potential to enhance artist creativity and develop new and exciting fan experiences.”

    Labels are increasingly deploying AI for mixing, hyper-targeted ads, and royalty tracking.

    However, IFPI flagged concerns over AI firms using copyrighted tracks to train models without licensing.

    Oakley asserted that “it is very clear that the developers of generative AI systems ‘ingesting’ copyright-protected music to train their models without authorisation from the rightsholders poses a very real and present threat to human artistry.

    Africa’s fragmented enforcement systems make it vulnerable to exploitation, though Nigeria recently criminalised unlicensed AI music “scraping”.

    Source: Bird Story Agency

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleAláàfin Ọ̀yọ́’s Coronation a giant leap in Yoruba renaissance – Olaopa
    Next Article Makinde presents Oba Owoade, new Alaafin of Oyo
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News May 18, 2025

    Sanwo-Olu honours with Premier League trophy, ready to continue using sports as tools for development

    News May 18, 2025

    Tinubu, Obi and Fayemi in hilarious moment in Rome

    News May 18, 2025

    Tinubu passes message to Catholic bishops in Rome

    News May 18, 2025

    CRAN General Secretary: Popular Journalist, Joshua Uloko elected

    Education May 18, 2025

    Starting from scratch, my father was jailed for my education – Atiku

    News May 18, 2025

    Edwin Clark rests, Tinubu, dignitaries  pay last respects

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    Sports May 18, 2025

    AFCON U-20: Egypt suffers 4-1 defeat to Nigeria in penalty shootout losing bronze

    AFCON U-20: Egypt suffers 4-1 defeat to Nigeria in penalty shootout losing bronze Flying Eagles…

    Sanwo-Olu honours with Premier League trophy, ready to continue using sports as tools for development

    May 18, 2025

    Osimhen shines as Galatasaray win Turkish Super League

    May 18, 2025

    Tinubu, Obi and Fayemi in hilarious moment in Rome

    May 18, 2025

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: officialmegastarmagazine@gmail.com
    Contact: +234 705 311 1111

    Our Picks

    AFCON U-20: Egypt suffers 4-1 defeat to Nigeria in penalty shootout losing bronze

    May 18, 2025

    Sanwo-Olu honours with Premier League trophy, ready to continue using sports as tools for development

    May 18, 2025

    Osimhen shines as Galatasaray win Turkish Super League

    May 18, 2025
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2025 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.