itemprop=”headline”>More Music Streaming Companies Set To Join The African Market This Year
Posted on April 9, 2021
The American-based digital music distribution company, TuneCore is the latest company to express interest in starting operations in Uganda and other African countries starting this year.
TuneCore is a Brooklyn, New York-based independent digital music distribution, publishing, and licensing service founded in 2005. It offers musicians and other rights holders the opportunity to distribute and sell or stream their music through online retailers but with offices in other states in USA.
The platform will join digital music platforms like Apple Music, Spotify and Tidal music that are already operating in Uganda and the rest of Africa.
Tidal was launched in 2014 by Norwegian public company Aspiro and is now owned by Project Panther Bidco.
In January 2017, Sprint Corporation bought 33% of Tidal for a reported US Dollars 200 million and In March 2021, Square agreed to buy Tidal for US Dollars 297 million from American rapper and businessman Jay Z.
Other American musicians that have stake in Tidal include Rihanna, Madonna and Beyonce.
Recently, Spotify a Swedish audio streaming and media service provider announced that it will be launching its operations in Africa.
According to a statement by spotify, their next target after Africa will be Asia, Europe, Latin America and the Caribbean.
“This is a big opportunity for African musicians to join the platform that has a worldwide audience in all continents of the world” a statement from Spotify stated.
The company recently announced that it will be marketing music and audio sounds from Uganda, Kenya, Angola, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Cameron, Chad Comoros, Cote d’Ivoire, Djibouti, Equatorial Guinea, Eswatini, Gabon among others.