Spotify, a global online music streaming platform, says it paid more than N25 billion to Nigerian singers as royalties in 2023.
Spotify disclosed this via a statement issued by its Managing Director for Sub-Saharan Africa, Jocelyne Muhutu-Remy, on Friday, May 10, 2024.
Muhutu-Remy noted that this double what was recorded in 2022, with 2,500 per cent increase since 2017.
Muhutu-Remy said these details were contained in Spotify’s launched annual report “Loud & Clear”, adding that the report was meant to increase transparency in the music industry by sharing data on Spotify’s royalty payments and breaking down the global streaming economy, the players and the process
She further revealed that the number of Nigerian singers earning over N10 million in royalties quadrupled since 2018.
According to her, over half of these royalties went to independent artistes or labels, showcasing the democratising power of streaming.
Muhutu-Remy stated: “Spotify listeners discovered Nigerian singers nearly 950 million times in 2023 and Nigerian artistes own over 80 per cent of the tracks featured on Nigeria’s daily top 50 chart in 2023.
“Over 1,400 Nigerian artistes added to Spotify’s editorial playlists in 2023.
“The significant growth in royalties earned by Nigerian singers on our platform is a powerful testament to their talent, creativity and global appeal.
‘Influencer, pant washer’: Wizkid, Davido trade words on X
“We are proud to amplify their voices and fuel the Nigerian music revolution.
“As a leader in the streaming economy, we are committed to supporting African creators to make a living from their art and we’ll continue to invest further in African artists to ensure this momentum continues.”
Muhutu-Remy noted that while Afrobeats remained the lead, Nigeria’s music scene was experiencing a genre revolution as Spotify data revealed an increase in popularity across local genres.
She said homegrown genres like Highlife experienced significant increase in listenership in the last 12 months by 224 per cent, Igbo Pop by 303 per cent, and Fuji by 187 per cent.
She noted that Highlife, Fuji, and Igbo Pop also saw listenership increase in Q1 2024, growing by 240 per cent, 175 per cent, and 270 per cent respectively compared to Q1 2023.
According to her, top artistes remained Fuji maestro K1 De Ultimate on top, while Highlife finds new life with Umu Obiligbo‘s energy, and Phyno for Igbo Pop.
The Spotify MD added: “For top tracks, Fuji gets a fresh spin with Adewale Ayuba’s Koloba Koloba, Highlife goes nostalgic with Chief Osita Osadebe’s Nwanem Ebezina and Igbo Pop gets a vibrant boost with KCee’s Ojapiano.
“Men dominate listeners of local music genres like Fuji (85 per cent), Highlife (89per cent) and Igbo Pop (81 per cent).
“However, Gen Z, aged 18 to 24 is the leading age group across all the three genres, making up 32 per cent of Fuji listeners, 31 per cent of Highlife listeners, and 46 per cent of Igbo Pop listeners.
“Interestingly, cities like Lagos, Port Harcourt, and Katsina all top the charts for streaming these local genres – Fuji, Highlife, and Igbo Pop.
“The top 5 exported music genres from Nigeria are Afrobeats, Nigerian Pop, Afropop, Nigerian Hip Hop, and Afro Rhymes and Blues.”
- Usyk beats Fury in heavyweight championship rematch - December 22, 2024
- Uba Sani: I’m running inclusive govt in Kaduna for devt - December 21, 2024
- Tinubu cancels Lagos events to honour Abuja, Anambra stampede victims - December 21, 2024
