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Global music sales rise to $15.7bn

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*Music streaming revenue jumped 60 percent in 2016.

Music sales rose robustly for a second straight year, posting growth not seen in two decades thanks to the rapid adoption of streaming, the global industry body said Tuesday.

Despite sliding CD sales and downloads, revenue from recorded music around the world grew 5.9 percent in 2016 to total $15.7 billion, the International Federation of the Phonographic Industry said.

The growth tops the previous year’s 3.2 percent increase and marks the fastest rate since 1997 — when the recorded music industry first suffered a jolt with the dawn of the internet age.

Streaming revenue jumped 60 percent in 2016. Spotify led the way but the report said the market was buoyed by rising consumer choice among on-demand platforms including Apple Music, Tidal and Deezer.

Music executives cautioned that the market remained fragile and that the industry will need to keep adapting, with streaming only in its infancy.

“Remember, we’re only two years into our recovery after a decade and a half of decline,” Stu Bergen, CEO for international and global commercial services at Warner Music Group, told reporters on a conference call.

“We must remain alert, resourceful and ambitious. We’re no longer running up a down escalator, but that doesn’t mean we can relax,” he said.

– Boom felt around the world –

Frances Moore, CEO of the industry federation, said it was critical for the music business to keep investing in artists, who ultimately carry the industry’s fortunes.

She also renewed calls for a global overhaul in regulations that allow internet companies to skirt most responsibility for users’ uploads — which, music executives charge, leads to unfairly low revenue from omnipresent video site YouTube.

Music sales expanded in almost all major markets. Latin America had the highest rate of growth at 12 percent, led by a boom in Mexico even as the region’s largest market Brazil slipped slightly.

Revenue in China soared by more than 20 percent as international music labels expand in the billion-plus country and leading local streaming company Tencent pulls in new customers.

The industry body saw the potential for major growth ahead in China, which despite its size remains only the 12th largest music market in the world.

Globally, downloading revenue from sites such as iTunes tumbled more than 20 percent. Physical sales slipped 7.6 percent although CDs remain a major force in the key markets of Japan and Germany.

Michael Nash, executive vice president for digital strategy at the world’s largest music group Universal, said the balance among formats was complex, with downloads clearly slipping in the face of streaming but vinyl winning a growing market among collectors.

“The digital transition is not a journey with a beginning, middle and end — physical to download to streaming,” he said.

“It is an ongoing transformation driven by a rate of technological change that shows no signs of decelerating,” he said.

The report found that Canadian hip-hop superstar Drake was the most popular global artist of 2016 on the back of infectious singles such as the streaming sensation “One Dance.”

Rock legend David Bowie, who died last year, came in second, while Beyonce’s conceptual “Lemonade” was the top-selling album worldwide.

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Entertainment

BBNaija’s Erica, Kiddwaya Throw Jabs At Each Other On Twitter

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BBNaija’s Erica, Kiddwaya Throw Jabs At Each Other On Twitter
Kiddwaya, Erica

Kiddwaya, Erica

Popular reality TV stars, Kiddwaya and Erica had quite an interesting exchange via Twitter on Monday.

The duo entertained their fans as they threw jabs at each other.

It all started when Kiddwaya told his fans to ask him any question.

Erica then asked him why he couldn’t speak ‘pidgin english’ properly.

The Abuja based big boy hit Erica with a low blow as he asked why she can’t cook.

Well, it didn’t end there as the conversation went on and it uncovered more details about the duo’s relationship.

Their tweets sparked an influx of responses from their fans.

Read Also: BBNaija’s Erica, Kiddwaya Set Tongues Wagging With New Video

See the exchange below:

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Entertainment

Davido Celebrates His Son, Ifeanyi On His First Birthday

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Davido Celebrates His Son, Ifeanyi On His First Birthday
Davido and his son

Davido and his son

Popular Nigerian singer, Davido took to his Twitter account on Tuesday to celebrate his son, Ifeanyi as he clocks a new age.

Information Nigeria recalls the singer welcomed his first son and his third child with his fiancée, Chioma Avril Rowland on Sunday, October 20, 2019.

Taking to the micro-blogging site, Davido penned a happy birthday message to his son which reads;

“Happy birthday to my beloved son DAVID IFEANYI ADEDEJI ADELEKE Jr !!! Today a king was born!! 🤴!! May you become more than me in Jesus name! LOVE YOU SON”

Read Also: #EndSARS: Nigerian Leaders Feel Our Unhappiness Shouldn’t Cost Them Their Sleep – Davido

See his full tweet below:

The singer’s tweet

The singer’s tweet

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Boy, 13, dies after falling off moving truck during #EndSARS protest in Delta

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A 13-year-old boy died on Monday, October 19, after falling off a moving truck during the #EndSARS protest in Sapele, Delta State.

According to a witness, the young boy reportedly jumped on the back of the moving truck that was headed out of Sapele, fell off and died of injuries sustained.

He jumped on a moving truck that was heading outside town and the next thing was that he fell from the back of the moving truck and before we could rush him to the clinic, he died,” a witness narrated.

The corpse of the teenager was wrapped in the Nigeria green-white-green flag and put on the back of the open truck for display at the Amukpe area of Sapele.

The tragedy was said to have caused a massive traffic gridlock to and from Benin and Warri.

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