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Mpmania Mix 39

Mpmania Mix 39

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revenue

Spotify breaks own record, beats Q1 revenue forecast

Entertainment
Spotify breaks own record, beats Q1 revenue forecast

Music streaming company Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as it hit 100 million paid subscribers for its premium service, sending its shares up nearly 5 per cent. The global leader in the sector, with double the number of subscribers of nearest rival Apple Music, Spotify has launched in regions like India, Middle East and North Africa in recent months, seeking to fuel the…

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Nigeria’s Entertainment Industry Revenue Estimate by 2021

Gist & Gossip
Nigeria’s Entertainment Industry Revenue Estimate by 2021

It is estimated that Nigeria’s media and entertainment industry will generate an estimated revenue of up to $3 billion by 2021. You should note that Nigeria is one of the fastest developing countries. According to Nigeria entertainment news today, this figure ought to be treated with a lot of caution. This is because a lot of that growth will come from revenue generated from internet access. For instance, about $450 million…

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Real Madrid displace Manchester United to become world’s highest earning club

Gist & Gossip
Real Madrid displace Manchester United to become world’s highest earning club

Spanish giant, Real Madrid have been confirmed as the World’s highest earning football club after their latest rise in financial figures. The 11-time European champions posted record revenues over the course of 2015-16, with earnings rising 7.4 per cent to €620million. A club statement read: ‘Operating revenues for the financial year 2015-16, without taking into account capital gains obtained as a result of player transfers, have topped €600million euros for…

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