Two of Africa’s largest music markets receive modest chunk of Spotify’s $10 billion payout – Business Insider Africa

In a significant advancement for the music industry on the ⁢African continent, Spotify has‍ announced a‌ distribution of ⁤$10 billion in payouts, a⁤ move that is poised to ⁤influence the economic landscape ⁢of music ⁤markets across the region. However, as two of Africa’s largest music markets—Nigeria and​ South Africa—scrutinize the allocation ⁣of this ample sum, stakeholders express both hope and concern over the modest ⁤shares they stand to receive. This…