Entertainment
Music Streaming Revenue To Hit $23 Billion In 2021 – Report
Like many other sectors, the music industry has been significantly affected by covid 19 pandemic with the massive cancellations of live events and huge ticket sales revenue drops amid the lockdown with earning from live music events shrunk to the lowest level in the industry, artistes increasingly rely on income from streaming platforms.
According to data presented by Buyshares. co.nz, music streaming revenues are expected to hit $23 billion in 2021, a 50 percent increase compared to precovid 19 figures. Even before the pandemic, the music streaming industry witnessed impressive growth with revenues rising by a CARG of 20 percent year-over-year. Statistical survey showed that in 2017 the unified market was worth $10.5 billion, in the next two years this figure jumped to $15.2 billion. However, last year music streaming platforms witnessed the biggest annual revenue growth as covid 19 halted live events. Statistic show that revenues surged by almost 30 percent year-over-year and hit $19.7 billion in 2020.
The statistical survey showed the number of people using music streaming platforms also surged amid the pandemic and jumped from 425.6 million in 2019 to 626.2 million in 2021, more than 900 million people worldwide are expected to use music streaming service in the next four years.
As the world’s largest music streaming market, the united states of America is expected to reach 100.7 million users and $8.7 billion in revenue in 2021, a 16.6 percent increase in a year.
The Chinese market, the largest market globally is forecast to grow by 20 percent yoy and hit 2.2 billion value this year, almost four times less than the leading US. Nevertheless, with 177.7 million users in 2021, the country has the largest number of people using music streaming service globally.
According to Hootsuites Digital 2021 report, more than 81 percent of surveyed internet users in China reported listening to music streaming service last year, the united kingdom (UK) ranked as the third largest music streaming market with $1.4 billion in revenue this year.
As the biggest music streaming service globally, Spotify (NYSE SPOT) hits 34.5 million monthly active users and 155 million premium subscribers in December 2020 a 25 percent jump in a year.
While Apple (APPL:NASDAQ) hasn’t publicly commented on its subscriber count since reaching 600 million in June 2019, estimates from MIDIA Research put Apple music subscribers at 72 million in 2020 or half the Spotify count.
By: Jacob Obinna
The actress reacted after Yul appeared on The Honest Bunch Podcast, where he made comments that many listeners linked to his former marriage.
During the interview, Yul hinted that certain things happened while he and May were still married and suggested those moments contributed to the decisions he later made.
The Tide Entertainment reports that Yul hints that certain things happened while he and May were still married and suggests those moments contributed to the decisions he later made.
In the interview, the controversial actor said he had accepted being seen as the villain in the story.
He also stated that, despite everything, he genuinely wished May well and wanted her to prosper because she remains the mother of his children.
Yul Edochie finally shares last moments with late son three years after his tragic death
But while saying that, Yul also hinted that there were incidents in their marriage he had chosen not to discuss publicly.
According to him, he was “too much of a man” to come online and break down over personal matters.
Reacting to the interview, Sarah, in a post on her Instagram story, pointed out what she described as irony in Yul’s words—saying he wished May well while also making statements that could create doubt in people’s minds.
According to her, if he truly meant well for his former wife, there was no reason to hint at hidden issues and leave people guessing.
“You wish her well, but you granted Podcast the power to sow doubt in people’s minds by saying she did something that led you to do what you did, but you won’t say it,” she said.
“Oga, you’re just pained that she’s doing well!”
Sarah also questioned the purpose of the interview, asking if jealousy may have played a role.
Yul Edochie recounts final moments with late son.
The actor recalled that his son came into his room early in the morning before leaving for school.
According to him, they spent time talking, laughing, and joking in what felt like a typical father-son interaction.
Yul Edochie reacts to crashed marriage
The Tide Entertainment had reported that Yul Edochie had continued to speak about his ex-wife as he appeared on the Honest Bunch Podcast.
He shared part of what happened between them and all the things he wished for her while speaking about his new wife.
The actor noted that he and his ex-wife know what happened that led to the dissolution of their union.
Nigerian entrepreneur and socialite, Pascal Chibuike Okechukwu, also known as Cubana Chief Priest, has opened up on his fallout with singer Burna Boy, alleging that the music star publicly attacked him because of his close relationship with Davido.
Speaking during an interview on The Beat 99.9 FM on Wednesday, Cubana Chief Priest said his journey to success began from apprenticeship and years of hard work, adding that fame and financial growth often attract envy and criticism.
“Success comes with a lot of hate. I started my journey from apprenticeship and service and I learnt so much about growth and perseverance. When you start becoming successful, you understand how people treat you.
“I was on my own and Burna Boy came for me, went on his big platform and started tweeting things that are not genuine, things that are not possible, things that have not existed and the attack was straight to my wealth.
“So he wanted to make people look at my wealth, disrespect my wealth, I felt bad and that happened because of my relationship with Davido,” he said.
He further stated that Davido has consistently supported his businesses and personal projects.
“David is always there for me. He opened all my nightclubs, restaurants, everything. He always shows up to support me.
“He’s investing in clubs in Lagos, and I’m making music to prove a point that I can,” he added.
Nollywood Actor, Alexx Ekubo’s family has officially announced the funeral arrangements for the late actor, describing him as a man whose life was filled with love, faith, generosity and compassion.
The Tide Entertainment had earlier reported that the Nollywood actor passed away after suffering from kidney cancer.
The Ekubo-Okwaraeke family announced the funeral arrangements in a statement released via the actor’s social media handle.
The statement read: “Forever in Our Hearts.
“With profound sorrow, yet gratitude to God for a life so beautifully lived and deeply impactful, we officially announce the funeral arrangements of our beloved husband, son, brother, friend, and colleague, Alexx Ekubo-Okwaraeke
“The overwhelming outpouring of love, prayers, messages, visits, calls, support, and strength shown to the family during this painful period has been truly humbling. Words cannot fully express our gratitude.
“Alexx was deeply loved, and your kindness continues to remind us that his light, compassion, faith, and impact on so many lives will never be forgotten.
“Though his passing came far too soon, Alexx lived a life marked by love, warmth, generosity, laughter, and an unwavering devotion to God and the people he cherished. His presence filled rooms, lifted hearts, and created memories that will remain with us forever.
“We warmly invite family, friends, colleagues, fans, and well wishers to join us as we honor and celebrate his beautiful life, enduring legacy, and the precious memories he gave us all.
“SERVICE OF SONGS
Date: Wednesday, 10th June 2026
Venue: The Monarch Event Center, Lekki, Lagos Time: 4:00 PM – 6:00 PM
Dress Code: White
“WAKE KEEP
Date: Wednesday, 17th June 2026
Venue: 7 Ekubo-Okwaraeke Avenue, Aziukwukwa, Ujari Village, Arochukwu, Abia State
“FUNERAL SERVICE
Date: Thursday, 18th June 2026
Venue: Mary Slessor School, Amanagwu Village, Arochukwu, Abia State
“INTERMENT
Date: Thursday, 18th June 2026
Venue: 7 Ekubo-Okwaraeke Avenue, Aziukwukwa, Ujari Village, Arochukwu, Abia State
“RECEPTION
Reception to follow immediately after the interment at Mary Slessor School, Amanagwu Village, Arochukwu, Abia State.
Dress Code: White
“Please continue to keep Alexx, his wife, and the entire family in your prayers during this difficult time.”
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