Now Targeting ‘Hyperlocal Markets,’ African Streaming Service Mdundo Forecasts Over $1 Million in 2025 Royalty Payouts
Picture Credit: MdundoNow with about 36 million regular monthly active users to its credit, African streaming service Mdundo states it's on track to pay north of $1 million in royalties throughout 2025.Nairobi-headquartered Mdundo divulged that artist-compensation projection in a quick release. We last signed in on the platform in February, when higher-ups were promoting a monthly-user turning point of over 30 million.Versus the background of an industry-wide concentrate on progressively profitable emerging markets, the figure has actually obviously accomplished double-digit development in the interim. The user (and customer) growth is likewise driving earnings at Mdundo, which, factoring at today DKK-USD currency exchange rate, reported creating $295,827 in 2021, $1.04 million in 2022,...