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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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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).

Digital Economy

Avex expands its music start-up investment programme with a $25m funding injection

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Avex USA — the US affiliate of Japanese independent music and entertainment company Avex, launched in Los Angeles less than a year ago — has committed $25 million to its Future of Music Investment Fund, with the ambition to invest in cutting edge music tech start-ups.

In parallel with the new funding, Avex USA has broadened the scope of its investment in music tech start-ups to early stage start-ups and digital assets like crypto/NFT. The fund will target projects that "contribute to the fut...

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Digital Economy

DistroKid launches new music video distribution service DistroVid

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Independent music distributor DistroKid has launched DistroVid, a new music video distribution service that enables any artist to upload an unlimited number of music videos to leading digital service providers for one fee.

DistroVid’s launch partners include Apple Music, Amazon Music, TIDAL and Vevo. The platform said "more digital service providers expected to come online in the coming months."

“I’ve always stressed the importance of music videos to every artist we've worked with–they r...

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Digital Economy

Pixelynx appoints Kimberly Knoller to the new position of Chief Marketing Officer

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Music metaverse platform Pixelynx has named Kimberly Knoller to the newly created position of Chief Marketing Officer. In her new role, Knoller oversees all marketing strategy and execution for Pixelynx and its newly unveiled first game, 'Elynxir', due to be launched later this year.

Based in West Hollywood, Knoller most recently served as CMO of SongVest. She previously held executive marketing roles at such companies as Warner Music, Sony Music, Musictoday and the relaunched Chrysalis Reco...

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