20220202 Music/Technology/Sea/Africa/Information Digest

Telecom operator Airtel and Spotify have announced a partnership to offer free Spotify exclusive data to Airtel subscribers in Nigeria,Users can use Spotify for free up to a certain amount of data per day.Investment in African tech start-ups quadrupled in 2021, with total funding topping the $2 billion mark for the first time.Sony Music Entertainment announced the Artists Forward program in June 2021, announcing the elimination of Artists’ advance debt.Warner Music Group said in its latest report that it would follow suit.Universal Music Group Universal will follow suit, according to sources.SONY Music reported stellar results for the fourth quarter of 2021, with recording and publishing revenues of $7.5 billion last year, up 24% from a year earlier.Source:SiriusXM announced its operating and financial results for the fourth quarter and full year of 2021, which had revenues of $2.28 billion and $8.70 billion, respectively,That was up 4% and 8% from a year earlier.Source:SiriusXMVerifi copyright data alliance launched,Founding members include Warner Music Group, Unison, Deezer and FUGA. Verifi Media has launched the Verifi Copyright Data Alliance (VRDA), which will significantly simplify information collaboration across the digital value chain.Source: Verifi Media

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