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
Entertainment
Stephanie Linus, First Black Recipient Of Lennox K. Black Prize
The Lennox K. Black International Prize for Excellence in Medicine is a prestigious accolade awarded by Thomas Jefferson University, recognising outstanding individuals.
The actress was honoured with the Lennox K. Black International Prize for Excellence in Medicine by Thomas Jefferson University in America in recognition of her outstanding contributions to social activism and impact through her work.
This remarkable achievement, they said, highlights her dedication to societal well-being and marks her as the first Black recipient of this distinguished award.
The Tide Entertainment reports that the Lennox K. Black International Prize for Excellence in Medicine is a prestigious accolade awarded by Thomas Jefferson University, recognising individuals who have made significant contributions to the medical field, promoting scientific discovery and advancements.
Named after Lennox K. Black, a Canadian manufacturing executive known for his philanthropic efforts and service on various boards, including Thomas Jefferson University, the prize celebrates excellence in medical innovation and global contribution to health and medicine.
The actress is renowned for her activism and impactful work in areas concerning women’s health and rights, including her efforts to combat issues like fistula and gender-based violence.
According to the award organisers she has been instrumental in bringing about social change through her films and campaigns. They added that her work extends beyond borders, affecting lives and policies internationally, embodying the spirit of the Lennox K. Black International Prize.
On receiving the award, Stephanie expressed her gratitude and reaffirmed her commitment to using her platform for social good.
“This recognition goes beyond me; it is for all the women and girls fighting for a healthier, safer world. It amplifies our message and our work. It strengthens my resolve to continue advocating for gender equality, social justice, and improved maternal and reproductive health in Africa,” she said
Susan Aldunge, Interim President of Thomas Jefferson University, admired the actress, saying, ‘‘Your ability to educate while humbly addressing the cultural obstacles impeding progress for young women is commendable. Your intelligent, personal take on the necessary human rights changes has deeply impacted all lucky to encounter you. Congratulations once more on this well-deserved award and the acknowledgement of your efforts.’”
Ms Aldunge further said that Thomas Jefferson University, a leader in medical education and research, hosts the award to underscore its mission of improving lives through innovation in health care.
‘‘The university is proud to honour Stephanie Linus, whose work aligns with Jefferson’s values of creativity, collaboration, and compassion in pursuing excellence in medicine and beyond.
“Awarding the Lennox K. Black International Prize to Stephanie Linus celebrates her achievements and signals a broader recognition of the importance of social activism in medicine and health,” she added.
“Her pioneering efforts continue to inspire and effect change, paving the way for a healthier, more equitable world’’.
Stephanie, who was named Chairperson of the Nigerian Official Selection Committee (NOSC) for the Best International Feature Film (IFF) category of the Oscars in August 2023, is best known for her 2015 advocacy movie ‘Dry’, which tells the story of a 13-year-old girl whose parents marry her off to a 60-year-old man, with devastating consequences.
Entertainment
‘I’ll Continue To Ask For My Balance’ – Phyna reacts.
Ilebaye’s revelation came just after Phyna had publicly called out the organizers for withholding some of her prizes.
Phyna, who revealed this to Newsmen insinuated that Ilebaye broke the gender code by announcing that she got her full prize money.
She also stressed that she would continue to demand for her balance, stating that she worked hard for the money during the show’s 72-day duration.
“I believe I should at least get what I worked so hard for 72 days. You all suddenly remembered your alert screenshots and IG Live………… Common……one among others is 1BTC which is over 80m in today’s market.
“To those who got their money in full
I’m happy for you. As a poor man’s child, let me ask for my money and other items remaining.,” She added.
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