preloader
Paperless Technology Solution
Gurd shola Addis Ababa,
info@paperlessts.com
Ph: +251936515136
Work Inquiries
work@paperlessts.com
Ph: +251936515136

Global brands are taking note of Africa's music and talent – Reuters

Singer Youssou N'Dour performs during the Muslim Voices: Arts & Ideas festival in New York June 5, 2009. REUTERS/Lucas Jackson/File Photo
ABIDJAN, Ivory Coast, July 22 (Reuters) – Global media and music brands are racing to claim a stake in Africa's music market as internet and smartphone penetration popularize artists and genres far beyond Africa's borders.
Companies are taking note of global interest, with Universal Music Group (UMG.AS)launching Virgin Music Africa Label & Artist Servicesin June for independent African labels and artists. The service will digitise out-of-print music catalogues to tap into the growing market for the sounds and chart-toppers of the continent.
Music streaming platforms including Spotify (SPOT.N), Apple Music and Boomplay are also entering the market with dedicated and expanded offerings and services.
The interest from global companies is coming as African artists headline festivals and concerts such as, Afro Nation in Portugal and Africolor in France and genres including Afrobeat, Rhumba and Amapiano are topping charts.
Franck-Alcide Kacou, managing director of Universal Music Africa and the new Virgin Music Africa Label, said it has over 15,000 music titles, 50 partner labels and around 100 artists from 25 countries.
The artists include Senegal's M'balax maestro Youssou Ndour, Congo's Lokua Kanza, Magic System from Ivory Coast and Cabo Snoop from Angola.
Kacou added that the service will digitize and distribute African music currently in vinyl, cassette or CD formats to reach today's younger audience.
"It's a real opportunity for countries that are also experiencing this digital transformation to integrate all this heritage into the cultural offer that is made on platforms," Kacou told Reuters in Abidjan.
He said the service will support independent labels in digital distribution who are looking for a wider network.
"Finding a producer on the continent and distributing cultural works is a real challenge for many talents, most of whom do not receive fair remuneration for their musical works," Kacou said.
Our Standards: The Thomson Reuters Trust Principles.
Barcelona have sold a 24.5% stake in their audiovisual studio to production company Orpheus Media for 100 million euros ($102.93 million), the LaLiga club said on Friday, as they look to raise more funds to register new players.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved

source

Post a comment

Your email address will not be published. Required fields are marked *

We use cookies to give you the best experience.