A new annual year-end report by America’s Recording Industry Association shows overall recorded music revenue increased by roughly 9.2 percent in 2020 — $12.2 billion USD. Much of this was due to the growth of music streaming ($10.1 billion USD), fueled by the COVID-19 pandemic.==This revenue growth is a relatively significant increase compared to 2019’s reported $8.9...
Month: <span>March 2021</span>
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Discovery Limited Financial Results Performance – Group CEO
Insurance Group Discovery Limited reported a 10% drop in interim profit for the six months ended 31 December. It fell to R1.875 billion from R2.078 billion for the previous half-year period. Discovery founder and group CEO Adrian Gore says, their group earnings were negatively impacted by exchange rate volatility but Covid-19 provisions resilient. Exchange rate volatility...
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Twitter Hope to Double Revenue with its New Paid Subscription Service ‘Super Follow’
Twitter is hoping to double its revenue stream by 2023 as it introduces its new paid subscription feature/service, Super Follow. It remains to be seen if the social media platform can able to achieve its ambitious goal of doubling its income. Media insiders says is the first time for social media platform powerhouse set long...
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CNN International Executive Mike McCarthy’s take on Twitter & Facebook ban on Trump
The Twitter and Facebook ban on Trump and others is quite controversial. What is your take on it, and how do you see the regulatory battle unfolding in the coming months and years? How does it affect the traditional media? Social media platforms have existed in a grey area for a long time; because they...
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South Africa Moved to Level 1 Lockdown
South African head of state and president Cyril Ramaphosa has announced that lockdown restrictions in Mzansi will be relaxed, with the country moving to COVID-19 alert level 1. In his national address on Sunday evening 28 February, Ramaphosa announced that the lockdown level of the country will be reduced in line with the decline in...
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Beautiful Island Nation Maldives is Hosting Incrypted 2021 – Blockchain and Crypto Realm
Beautiful island nation Maldives is hosting Incrypted 2021 with key stakeholders in the blockchain and crypto realm. Are you joining? Incrypted is said to be one of the premier Blockchain conferences that connects with the investors, start-up entrepreneurs, digital currency funds, family offices, and top entrepreneurs in the blockchain and cryptocurrency spheres since 2016. This...
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Takealot is Looking for a New Group CEO
Takealot group is making changing at the executive level. This comes after the founder and current CEO Kim Reid is transitioning to Group Chairman of the organisation. According to ITweb, the company says the search for a new group CEO is underway and when the right person is found to succeed Reid, this will be...
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Challenges for Africa’s Entrepreneurial Leaders in the Digital Era writes Regina Njima
Africa is booming with entrepreneurs, from women selling vegetables in a roadside shack, to youths launching innovative technology startups. According to the African Development Bank, 22% of Africa’s working-age population are starting new businesses–the highest entrepreneurship rate in the world. At a glance this sounds promising, but once you dive in you realize that Africa has...