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Why African Artistes Are Not Enjoying The Full Benefits Of Streaming Services
~1.2 mins read
In 2020, Burnaboy was one of the most-streamed musicians in Sub-saharan Africa. His songs were streamed 435,570,000 times according to Billboard’s ranking of the Top 15 Sub-Saharan African Artists in 2020. He was followed by Tanzanian artiste, Diamond Platinumz, whose music had 291.98m streams.

But how much is really coming into the industry as a result of these streams? According to this royalties calculator, Burna Boy’s streams would have earned him $3.2m on Apple Music and $1.9m on Spotify. It’s tough to confirm how much Burna Boy actually earned from these streams, but these estimated earnings are about 10% of the estimated revenue from Nigeria’s music industry in 2020.

As impressive as that may seem, Burna Boy’s streams are only 5% of the number of streams for Puerto Rican artist, Bad Bunny, who was Spotify’s most-streamed artist globally in 2020.

Bad Bunny’s songs were streamed a record 8.3 billion times, and according to the royalties calculator, that would have earned him $97m on Spotify, more than double of the projected revenue for Nigeria’s music industry in 2023.

Streaming is an important source of revenue for artists. In 2019, 56.1% of total global recorded music revenue came from streaming, while 42% and 14.1% came from subscription audio streams and ad-supported streams respectively. However, in Africa, we’re barely scratching the surface when it comes to harnessing the opportunity of streaming services.


Click on this link to read the full article https://techcabal.com/2021/03/26/data-why-african-artistes-are-not-enjoying-the-full-benefits-of-streaming-services/

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