Music Business News: Ghana News Kobalt to launch NFT collection, becoming ‘first global music publisher to release a set of fully licensed direct-to-fan NFTs’Music lyric NFT collection is called An Electro Revival, in collaboration with Ghanaian visual artist, Afroscope Analysis News As new Shazam charts launch in 17 countries including Nigeria and Ghana, Apple Music hails app’s role in discovery of African music globallyShazam was acquired by Apple for $400 million in 2018 News Universal Music Group strikes licensing deal with African music service MdundoMdundo reports to have 17 million active monthly users across Africa News Ghanaian superstar Stonebwoy signs global Def Jam deal with UniversalArtist to work with Def Jam Recordings in the US, Def Jam Africa across Africa and 0207 Def Jam in the UK News Kobalt founder Willard Ahdritz invests in $200m fund set up to back African tech start-upsThe fund's founding parter is Niklas Adalberth’s non-profit Norrsken Foundation News Music service Boomplay and Merlin expand licensing deal to 47 countries across AfricaBoomplay has over 60m Monthly Active Users and a catalog of over 65m tracks News Gresham Rights Management expands into five new markets in West AfricaFirm is owned by Gresham Music Group, one of the largest independent music companies in Africa News Spotify to expand into over 80 new markets across Asia, Africa, the Caribbean, Europe, and Latin AmericaNew markets include Ghana, Nigeria, Jamaica, Zimbabwe, Sri Lanka and Pakistan1 2 Next
News Kobalt to launch NFT collection, becoming ‘first global music publisher to release a set of fully licensed direct-to-fan NFTs’Music lyric NFT collection is called An Electro Revival, in collaboration with Ghanaian visual artist, Afroscope
Analysis News As new Shazam charts launch in 17 countries including Nigeria and Ghana, Apple Music hails app’s role in discovery of African music globallyShazam was acquired by Apple for $400 million in 2018
News Universal Music Group strikes licensing deal with African music service MdundoMdundo reports to have 17 million active monthly users across Africa
News Ghanaian superstar Stonebwoy signs global Def Jam deal with UniversalArtist to work with Def Jam Recordings in the US, Def Jam Africa across Africa and 0207 Def Jam in the UK
News Kobalt founder Willard Ahdritz invests in $200m fund set up to back African tech start-upsThe fund's founding parter is Niklas Adalberth’s non-profit Norrsken Foundation
News Music service Boomplay and Merlin expand licensing deal to 47 countries across AfricaBoomplay has over 60m Monthly Active Users and a catalog of over 65m tracks
News Gresham Rights Management expands into five new markets in West AfricaFirm is owned by Gresham Music Group, one of the largest independent music companies in Africa
News Spotify to expand into over 80 new markets across Asia, Africa, the Caribbean, Europe, and Latin AmericaNew markets include Ghana, Nigeria, Jamaica, Zimbabwe, Sri Lanka and Pakistan