Mdundo, Universal Music Group announce licensing agreement for key African markets
Mdundo.com, one of Africa's music services provider, announced it has reached an agreement with Universal Music Group (UMG), the multinational music-based entertainment company, to license the service across key African territories. Through this new agreement, UMG's catalog will be available to Mdundo's 17 million active monthly users across Africa.
Under this new licensing agreement, Universal Music Group and Mdundo.com will strengthen Mdundo's music offering for fans by providing them access to the world's most comprehensive music catalog, as well as further increasing Universal Music Africa's (UMA's) reach within the African market in line with Mdundo's ambitions for rapid market growth across the continent.
Martin Møller Nielsen, CEO, Mdundo: ''Our focus is to provide a relevant service to the hundreds of millions of potential users in Africa that are getting online. In recent years, Mdundo.com has reported explosive growth, from 5 million monthly users in June 2020 to an expected 19-20 million monthly active users in June 2022 and a +225% growth in revenue for the year ending June 2022. As the leading music company globally, we are extremely pleased to work with Universal Music within Africa towards our vision of providing Africa with an easy and legal solution to accessing music that fits the local consumers.''
Mdundo's growth has primarily been achieved in Nigeria, with additional growth in Tanzania, Kenya and Ghana. The music service has primarily been focusing on securing music rights for local African catalog and has in the last year announced partnerships with leading telecommunication companies, Vodacom Tanzania, MTN Nigeria and Airtel Nigeria.
Ulrik Cahn, Executive Vice President, UMG, Africa, Middle East and Asia (AMEA): "Martin and his team have built an impressive platform for African artists, and we look forward to working together to expand the footprint for our African and international talent within the continent."
Over the past decade, UMA has expanded and grown its reach on the continent and has two established regional headquarters facilities in Africa – in Johannesburg, South Africa and Abidjan, Côte D'Ivoire – with additional offices in Nigeria, Senegal, Cameroon, Kenya, and Morocco. UMG has also launched a series of labels dedicated to supporting the continent's rich talents, including Def Jam Africa, Blue Note Africa and Motown Gospel Africa. UMG is committed to helping build out the continent's entire music ecosystem, helping artists succeed locally and regionally, whilst also introducing African music culture and content to new audiences around the world.
Sipho Dlamini, CEO of Universal Music South Africa and Sub-Saharan Africa: "We welcome Mdundo as a partner, and are excited for more fans across Africa to have greater access to some of Africa's most exciting musical talent, as well as UMG's unrivaled catalog of international artists."
www.universalmusic.com
www.mdundo.com
