MATHEW KNOWLES, FATHER OF BEYONCÉ AND SOLANGE, INVESTS IN AFRICAN MUSIC STREAMING STARTUP MEPLAYLIST

Mathew Knowles, the father (and former manager) of artists Beyoncé and Solange Knowles, has made an undisclosed investment in Nigeria-based music startup, MePlaylist.

MePlaylist is a music streaming platform founded by Olakunle Oladehin in 2017.

The service is available across Nigeria, Ghana, Kenya, Uganda, Tanzania, South Africa, Zimbabwe, as well as the UK and North America.

The app, currently available for Android only (there is also a web player) focuses heavily on personalization and social features, with a feed that displays “updates on new friends, followers, playlists of friends, artists, and celebrities.

The platform also features what the company describes as “unique administrative royalty distribution”  plus DDEX standards for ingesting and reporting usage.

MePlaylist has an ad supported tier and a premium tier which is free for the first seven days, and $7.99/month thereafter.

Elsewhere in the Nigerian Music streaming business,  Boomplay recently inked a licensing deal with Merlin, the global digital rights agency for independent labels and now has over 62 million users.

Boomplay has also previously inked licensing deals with Universal Music Group (announced in November 2018) and Warner Music Group (March 2019).

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