Sony Music Entertainment today announced it is
expanding its operational presence across Africa as part of a long-term
strategy to open offices in a number of key markets in the region. The company
has opened an office in Lagos, Nigeria to serve as the new hub of it’s on the ground
operations in West Africa, and has named music
business entrepreneur Michael Ugwu
General Manager for the West African region.
It also
recently began the process of registering to do business in Nairobi, Kenya, which
will anchor the Sony Music’s physical operations in East Africa.
In connection with the opening of operations in
Lagos, Sony Music recently signed Nigerian superstar Davido to a worldwide deal.
In East Africa, SME has partnered with local
artists in the region as well, recently signing Redsan amongst others.
“Expansion in Africa has been part of our strategy
for several years,” said Adam
Granite, President, Northern & Eastern Europe
and Africa, Sony Music International,” said Sean Watson, Managing Director of
Sony Music Entertainment Africa, “We are really keen to partner with African artists
to deliver local, African and global success stories. With over 800 million
people living in Sub Saharan Africa, the African continent is a market with
huge potential for local artists wanting to expand their horizons.
”These moves
build upon Sony Music’s existing business initiatives in Africa, where the
company is already a market leader.
Sony Music has long had offices in South Africa, in
both Johannesburg and Cape
Town, and throughout the continent, Sony Music
earns revenue from partners including Vevo, YouTube, Apple Music and iTunes.
In addition,
in West Africa, music content is currently available through MTN Nigeria’s service
via IMI, and in East Africa it currently conducts trade with Kenya’s largest mobile
network operator, Safaricom, a company that boasts in excess of 10 million CRBT
subscribers.
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