Spotify royalties for Nigerian, South African artists surged in 2024

Reuters Videos

Updated Fri, Apr 4, 2025, 1:12 PM

STORY: Audio streaming elephantine Spotify’s royalty payments to artists from Nigeria and South Africa spiked to astir $59 cardinal past twelvemonth arsenic performers rode a question of increasing involvement successful euphony from the continent.

The Swedish institution paid retired immoderate $10 cardinal successful royalties worldwide successful 2024.

And portion Africa represents lone a tiny portion of its offering, involvement successful African artists has ballooned, buoyed successful portion by internationally recognized acts similar South African vocalist Tyla and Nigeria's Burna Boy.

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Around 250 cardinal user-created playlists present diagnostic astatine slightest 1 Nigerian artist, and 220 cardinal incorporate a South African, Spotify said connected Thursday.

Nigerian artists received implicit $38 cardinal successful royalties past year, much than treble from 2023.

Royalties for South African performers reached $21 million, up 54% year-on-year.

Much of the involvement comes from extracurricular their location markets.

Nigerian artists saw a 49% summation successful export maturation implicit the past 3 years portion South Africa saw export maturation of 104%.

The fig of Nigerian artists earning implicit $6,500 doubled year-on twelvemonth and has tripled since 2022.

In South Africa, the fig of those earning betwixt $5,000 and $26,000 doubled implicit the past 3 years.