African Artists Set To Earn Over $1.2 Million In Royalties From Streaming App Mdundo
Mdundo, the famous African music streaming platform, has announced an ambitious plan to increase its impressive support of Nigerian music. The venue, renowned for its seamless streaming and easy downloads, has promised to go even further to boost Nigerian artists and revolutionize the music industry. This will be achieved by implementing transparent and equitable royalty disbursement methods, ensuring artists are fairly compensated for their work.
Mdundo has announced that it expects to receive a significant payout of between $1.2 million and $1.5 million in the coming year. The company believes that this increase in income will help it establish a framework for sustainable revenue and legitimacy in the music industry.
Since 2023, about 156,000 African artists have benefited from Mdundo’s innovative payment system, which provides independent and upcoming artists with a reliable source of income. The company aims to level the playing field for digital earning among African musicians by increasing music streaming culture on the continent, which is projected to result in higher revenues.
In the press release that unveiled the anticipated earnings, Mdundo, a music streaming platform, made it clear that it aims to create an environment that fosters the growth and success of artists and the music industry. The company expressed its dedication to building a thriving ecosystem where artists can develop their talents, music can flourish, and cultural heritage can be celebrated. Mdundo’s focus on promoting cultural heritage is particularly noteworthy as it highlights the platform’s commitment to preserving and promoting the diversity of African music. The press release reflects QA@’s vision and mission to support and uplift the African music industry.
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