SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

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

Published

on

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, increased as bra...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

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

Texas opens investigation into streaming services over allegations of payola

Published

on

Texas Attorney General Ken Paxton has launched an investigation into leading streaming services including Spotify, Apple Music, Pandora, Amazon Music, and YouTube Music, over "alleged payola schemes in which they accept bribes to artificially promote certain songs, artists, or content." The office of the Attorney General said in a statement that the investigation was motivated by "a range of activities [that] have been identified as payola, including record labels or artists paying to be includ...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Calendar — Week 17, 2026

Published

on

2026 MAY 2026

– May 4-10: Departure Festival + Conference, formerly known as Canadian Music Week, at the Fairmont Royal York in Toronto, Canada. – May 5-7: BIME Bogotá taking place at the Universidad Ean in Bogotá, Colombia. – May 11-14: Music Biz 2026 organised by the Music Business Association in Atlanta, Georgia, at the Renaissance Atlanta Waverly. – May 13-16: The Great Escape in Brighton, England. JUNE 2026 – June 1-6: SXSW London&nb...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Key figures — Week 17, 2026

Published

on

$40 billion That's how much Google plans to invest in AI company Anthropic, according to Bloomberg. The Alphabet subsidiary will invest $10 billion now, at a $350 billion valuation for Anthropic, with another $30bn to follow. In addition, Amazon has pledged to invest $5bn in Anthropic and up to an additional $20bn in the future, in addition to the $8bn it has already spent investing in the AI firm. $1 billion That's the value of the US Latin market in 2025, up 4.2% over 2024, according to stats ...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending