Music Business News: Nigeria

Heatwave was launched by ex-Syco Music MD Tyler Brown and Harold Serero, a former senior A&R executive at Ultra Music Publishing

The year's biggest deals were dominated by private equity, securitization of music assets, and some blockbuster acquisitions by Sony Music

Exec to step down from his role effective January 2025

Universal Music Group acquired a majority stake in the Lagos, Nigeria-based music company in February

MBW's Trailblazers series meets Camillo Doregos and Mark Mac, co-founders of Africa focused management and booking company, DC Talent Agency

The expansion aims to provide educational resources, advocate for intellectual property rights, and celebrate the musical heritage of these regions

Company met with government officials in Nigeria's capital, Abuja last week and outlined plans to establish a creative hub in Lagos

The Nigerian naira fell 38% in Q1, putting pressure of Mdundo's revenue even as user growth continued unabated