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Digital Economy

Tune Global to power West Africa’s music streaming service WAW MUZIK

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B2B music streaming platform Tuned Global has sealed a deal with WAW MUZIK to power the West African streaming service as it prepares to relaunch.

Tune Global said the deal will ensure that partnership "will advance the company’s plans to deliver a more accessible platform." With Tune Global's support, WAW MUZIK will relaunch in Ivory Coast and plans to expand into other French-speaking African territories.

The new partnership will see WAW MUZIK integrate its own front-end app ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Universal Music Group in partnership with digital collectibles marketplace LimeWire

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In its initial incarnation and a peer-to-peer service, LimeWire had a few problems with rights holders, leading to the service shutting down; now, the platform is re-born as a digital collectibles marketplace and has signed a partnership with Universal Music Group (UMG).

As part of this partnership, UMG will provide licenses that will allow LimeWire to partner with UMG artists in order to launch music-based NFT projects utilising the LimeWire marketplace.

The two companies said they would...

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Digital Economy

MENA music streaming service Anghami posted revenues up 16% to $30.5m in 2021

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Anghami — the leading music streaming platform in the Middle East and North Africa — has posted revenues of $35,5 million for fiscal year 2021, up 16% from $30.5m in 2020.

The company, which is listed on the NASDAQ stock market, experienced revenue growth in both revenue streams: Subscription revenue was up 4% to $25.7m in 2021; Advertising revenues grew by 70% to $9.8m.

Anghami's financial and user metrics for 2021

"Ad-Supported revenues for the year ended December 31, 2021, increase...

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Digital Economy

Podcasts’ advertising revenues will hit the $2 billion mark in 2022 in the US

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Podcasts' estimated advertising revenues in the US in 2022 will exceed for the first time $2 billion in 2022, up 47% year-on-year, according to the sixth annual 'IAB US Podcast Advertising Revenue' study from the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC).

In 2023, the study predicts that the podcast advertising market will hit $3bn, and $4bn by 2024. The IAB said in the report that ad sales will grow at a significantly faster pace than the “total internet advertisin...

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