NEWS
Nigerian Artists Earn N11 Billion On Spotify In 2022 – Spotify Reveals
Spotify has disclosed that Nigerian artists earned 11 billion naira on its platform in 2022.
Spotify, the leading music streaming platform with the over 500 million users across the world, estimated the total revenue generated by Nigerian artists on the platform in 2022 alone to be 11 billion naira, in a latest report on the growth of Afrobeats.
Punch reported that the company noted that the number of Nigerian artists that generated more than N5-10 million in royalties from Spotify alone grew by 25 per cent in 2022. The figure represented only revenue generated from Spotify and did not consider earnings from other services and recorded revenue streams, concert tickets, or merch.
Spotify’s Managing Director for Sub-Saharan Africa, Jocelyne Muhutu-Remy, was quoted to have said: Our commitment at Spotify is to ensure that professional musicians make a living from their work. Releasing the revenues generated by Nigerian artists in 2022 on our platform is our way of keeping ourselves accountable, and keeping true to our mission to enable artists to live off their art.
The company also released a list of ‘Top Exported Afrobeats Artists’, highlighting 10 most exported Afrobeats artists, starting with Rema, the 23-year-old superstar whose global song ‘Calm Down’ is the best-selling African song of all-time. He is followed by Grammy-winning Burna Boy.
See the full list below:
