Mdundo has entered into a licensing agreement with Davido Music Worldwide (DMW) to distribute the catalogue on the platform. Davido Music Worldwide is a record label owned by one of Nigeria’s biggest artists, Davido, and represents a number of Nigerian top artists including Mayorkun and Perruzzi. Expanding the music catalogue is a key driver of user growth for the company. DMW is expected to account for a significant share of music consumption on the service as well as attracting new users to the service.
Company Announcement No. 5-2021
Mdundo is aiming to grow from 7,000,000 monthly active users to 18,000,000 monthly active users by 2022 and the African music offering is key. Signing major African labels as a supplement to the more than 100,000 African musicians directly signed to the platform is a crucial pillar in the strategy for the company. In addition, Mdundo has licensing agreements with major international and pan-African record labels and distributors like
Contacts
- Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com
About Mdundo.com A/S
Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector. More info: https://mdundo.com/
Mdundo.com A/S
Jagtvænget 2
2920 Charlottenlund
www.mdundo.com
Certified Adviser
Jernbanegade 4
1608 København V
+45 89 88 78 46
www.kaptalpartner.dk
Attachments
- Download announcement as PDF.pdf
© Ritzau Denmark, source