The Middle East’s music business has huge potential - News Summed Up

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The Middle East’s music business has huge potential


In 2022 his song “El Bakht” (“Luck”) was streamed 45m times—the most ever recorded by Anghami, the leading Arabic music-streaming platform. Revenues from recorded music in the Middle East and north Africa rose by 24% in 2022, says IFPI , a trade body. Revenues from recorded music climbed by 23.4% in 2022Governments want to capitalise. The UAE will introduce a new system to protect intellectual property ( IP ) in 2024—the first of its kind in the Middle East. In August the world’s biggest record company, Universal Music Group, acquired Chabaka, a firm in the UAE which represents 150 artists across the region.


Source: The North Africa Journal November 13, 2023 14:38 UTC



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