• The Jollof Diary
  • Posts
  • ROUNDUP: African Artists Are Making Notable Contributions to Major Labels' Revenue Topline

ROUNDUP: African Artists Are Making Notable Contributions to Major Labels' Revenue Topline

This is roundup of the creator economy in the last seven days; ensuring you stay ahead — and mindful — of industry events and dynamics.

Hello there,

I think we're starting to find our rhythm again and getting our email mojo back. How's your week been?

First, let's look into the Afro-Latin collaboration trend that's been making the rounds in Nigerian music lately. It's worth considering how effective these link-ups are and what benefits they actually bring. I've shared some insights on this in a 6-minute clip, but if you're short on time, I've also provided a summary below.

Question would be: Has the Afrobeats/Latin collaboration been effective? What does success look like? Is it making sense revenue-wise?

Quick answer:

- Most likely, yes

- About 70% (32) of Ayra Starr’s top 50 cities on Spotify are Spanish-speaking. Rema’s and Joeboy’s third and second most popular songs on Spotify are Spanish collaborations.

- Revenue-wise, it arguably makes sense — at least compared to what could be generated within Africa. Latin America remains Spotify’s third-largest region for premium subscriptions (where the money is) and MAUs, just behind North America and Europe.

Here are other things you might have missed while we were away

TOP STORIES

Click image to read full story

During the earnings call, Warner CEO Robert Kyncl praised Benson Boone, Zach Bryan, Dua Lipa, Burna Boy, and others for significantly impacting the company's strong Q2 performance.

Sony Music name-drops releases from Beyoncé, Tyla, SZA, and Tate McRae as major contributors to its Q2 2024 revenue topline.


According to Spotify's Managing Director, Jocelyne Muhutu-Remy, Christian podcast streams on Spotify in Nigeria have grown by 482% since 2022. 

The Jollof Diary Digital [H1 ‘24].pdf Have you downloaded the digital version of our report yet?12.71 MB • PDF File

THIS WEEK’S FIGURE

Click image for more context



FRIENDLY ADVICE...

I hear our magazine is perfect for a good digital detox over coffee. So, if you visit the Alliance Française library or Rap Joint in Ikoyi, you have some great company.

Until next time?