SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

Anghami’s 2022 revenue up 35.6% to $48.1m; subscribers up 21% to 1.5 million

Published

on

NASDAQ-listed music streaming service Anghami, which serves the Middle East and North Africa (MENA, posted revenue of $48.1 million for 2022, an increase of 35.6% compared to 2021. The service did not disclose its profits or losses. In a statement, the company said it "aims to achieve profitability in 2023 by building on the momentum of its focus on efficiency, as reflected in its improvement in gross margin in H2 2022." The Abu Dhabi-based service ended 2022 with 1.52 million total paying subsc...

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).

Copyright & Regulation

US Senators Marsha Blackburn and Peter Welch urge ByteDance to ‘shut down’ AI video tool Seedance 2.0 — Report

Published

on

US Senators Marsha Blackburn and Peter Welch are calling for Chinese company ByteDance to "immediately shut down" its AI-powered video-generation tool Seedance 2.0 and "implement meaningful safeguards to prevent further infringing outputs." The two policy-makers made this request to ByteDance CEO Liang Rubo in a letter seen by CNBC. They describe Seedance as "the most glaring example of copyright infringement from a ByteDance product to date" due to its ability to generate videos copying existin...

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

Continue Reading

Digital Economy

Spotify paid out $11bn to rights holders in 2025, up 10% from 2024; close to 14,000 artists generated at least $100k

Published

on

Spotify earned for another year the status of "highest-paying retailer globally" with over $11 billion distributed to rights owners in 2025, up by more than 10% year-over-year, according to the streaming services' latest Loud&Clear posting. Spotify accounts for about 30% of global recorded music revenue, up from less than 15% in 2017.

(Source: Spotify)

Since its launch in 2006, the Swedish platform has paid out nearly $70bn to rights holders. Spotify claims that these payouts "aren’t conc...

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

Continue Reading

Digital Economy

Alfons Karabuda joins the board of Servo’s parent MusicDataLabs Sweden

Published

on

Swedish composer Alfons Karabuda has joined the board of MusicDataLabs Sweden, the company behind Servo.music, the synch licensing platform created by Max Flach and Greger Hagelin. Karabuda is the Honorary President of the European Composer and Songwriter Alliance (ECSA), Chair of the Polar Music Prize Award Committee, and former President of the International Music Council and music rights society Skap. “As much as I enjoy speaking my mind, words alone have only ever interested me when they lea...

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

Continue Reading

Trending