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    The Music Industry in South Africa 2024

    Yasmin Mahomedy | South Africa | 22 October 2024

    The Music Industry in South Africa 2020

    Yasmin Mahomedy | South Africa | 22 September 2020

    Report Info

    Report Summary Table of Contents
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    Report Coverage

    This report on the music industry in South Africa includes information on publishing, recording, streaming, royalties and retail. It includes information on digital and physical music sales, major streaming services, streaming income challenges and industry developments, as well as key trends and issues, notable players and regulations. There are profiles of 12 companies including the major international companies present in South Africa such as Sony, Universal and Warner, local companies such as Arena Holdings (which owns Gallo) and The David Gresham Record Company, and retailers such as Takealot and Mr Vinyl.

    Introduction

    • The South African music industry is sub-Saharan Africa’s fastest-growing music market, with a 20% revenue increase in 2023 following a 32% rise in 2022.
    • Streaming accounts for nearly 75% of total music income.
    • Music streaming is growing rapidly due to increased smartphone penetration and the popularity of local artists.
    • Spotify and YouTube Music are the major streaming services.
    • In 2023, South African artists generated 28% more royalties on Spotify than in 2022.
    • Although streaming services have benefited more local artists, they have struggled to generate significant income from streaming.

    Trends

    • Digital platforms continue to enable a wider distribution of music.
    • Emerging artists are using social media platforms to share their music.
    • High industry growth.
    • Increase in the consumption of South African music by locals.
    • Integration of AI in music is steadily advancing.
    • Social media is contributing to increased streaming.
    • South African music and artists have been gaining international recognition.
    • The use of paid music streaming services is growing.

    Opportunities

    • Artists can take advantage of current global and local interest in South African music.
    • Platforms like TikTok, Instagram, and YouTube offer opportunities for musicians to promote their work and engage with a global audience.

    Challenges

    • Fair distribution of artists’ royalties.
    • Lack of affordable data infrastructure.
    • Limited availability of payment options make it difficult for some consumers to subscribe to streaming services or purchase music online.
    • Piracy.

    Outlook

    • South Africa is expected to remain Africa’s biggest music market.
    • Although increased internet access has exacerbated unauthorised distribution of music, higher digital sales, rising smartphone penetration, and the growing number of paid streaming subscribers indicate that the industry is set to grow.
    • There is still a large consumer base that streaming companies are looking to convert to paid subscription account holders.
    • Social media platforms offer opportunities for musicians to promote their work and engage with a global audience.
    • South Africa’s digital music sector is attracting global attention.

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    The Music Industry in South Africa
    The Music Industry in South Africa 2024

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    Industry Landscape

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    The Music Industry in South Africa 2020-09-22

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    Table of Contents

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    PAGE
    1. INTRODUCTION 1
    2. DESCRIPTION OF THE INDUSTRY 1
    2.1. Industry Value Chain 9
    2.2. Geographic Position 9
    2.3. Size of the Industry 10
    3. LOCAL 12
    3.1. State of the Industry 12
    3.2. Key Trends 18
    3.3. Key Issues 19
    3.4. Notable Players 19
    3.5. Trade 20
    3.6. Corporate Actions 20
    3.7. Regulations 21
    3.8. Enterprise Development and Social Development 22
    4. AFRICA 24
    5. INTERNATIONAL 26
    6. INFLUENCING FACTORS 29
    6.1. Economic Environment 29
    6.2. Labour 29
    6.3. Technology, R&D, Innovation 30
    6.4. Government Support 31
    7. COMPETITIVE ENVIRONMENT 31
    7.1. Competition 31
    7.2. Ownership Structure of the Industry 32
    7.3. Barriers to Entry 32
    8. INDUSTRY SUMMARY 33
    9. OUTLOOK 33
    10. INDUSTRY ASSOCIATIONS 34
    11. REFERENCES 34
    11.1. Publications 34
    11.2. Websites 34
    ANNEXURE 1 - Industry Legislation and Regulations 36
    APPENDIX 1 - Summary of Notable Players 38
    Music Publishing and Reproduction of Recorded Music 38
    Music Retail 40
    COMPANY PROFILES – Music Publishing and Reproduction of Recorded Music 41
    Arena Holdings (Pty) Ltd 41
    Content Connect Africa (Pty) Ltd 44
    David Gresham Record Company (Pty) Ltd (The) 46
    Sheer Publishing (Pty) Ltd 48
    Sony Music Entertainment Africa (Pty) Ltd 50
    Sony Music Publishing South Africa (Pty) Ltd 52
    Universal Music (Pty) Ltd 53
    Universal Music Publishing (Pty) Ltd 54
    Warner Music South Africa (Pty) Ltd 56
    COMPANY PROFILES – Music Retail 57
    K Morby 57
    Mr Vinyl (Pty) Ltd 58
    Takealot Online (Rf) (Pty) Ltd 59

    Report Coverage

    This report focuses on the music industry and includes the publishing of records and other recorded audio media, the reproduction/recording of records, audio, video and CDs from master copies and the retail of music. There are profiles of 24 companies including major multinational companies such as Universal, Sony and Warner, and local companies such as Arena, which houses Gallo Music, music publishers such as Dojam and Red Igloo and vinyl record sellers such as My Vinyl.

    Introduction

    This report focuses on the music industry and includes the publishing of records and other recorded audio media, the reproduction/recording of records, audio, video and CDs from master copies and the retail of music. South Africa’s music industry is dominated by international music companies, Universal Music Publishing Group and Sony/ATV Music Publishing, that are also the global industry leaders. Although South Africa’s music revenue (which includes all channels such as physical, digital, live events and podcasts) has been increasing steadily annually, 80% of music sold and consumed locally is international and 20% is local. Music revenue in 2018, the latest information available, was R2.4bn compared to R2.2bn in 2016 and it has not been confirmed if the 2019 forecast of R2.6bn was met. Revenue from physical format sales such as CDs and records has been declining in South Africa as streaming has increased.

    Strengths

    • Demand for South African jazz music.
    • Music can be created at low cost.
    • South African artists are talented, and some have an international following.

    Weaknesses

    • Dominated by multinational companies.
    • Musicians are not covered by the Unemployment Insurance Fund.
    • No local vinyl pressing plant which makes vinyl records expensive.
    • Price of imported products such CDs and records are affected by the exchange rate.
    • There is a long wait for revenue that each artist earns from airplay.

    Opportunities

    • Growth in streaming as internet connectivity improves and data prices reduce.
    • Roll out of 5G technology.

    Threats

    • Competition from international artists.
    • Constrained consumer spending driven by worsening economic situation.
    • Increased copyright infringement, and piracy.
    • Uncertainty of duration of coronavirus pandemic.
    • Unreliable power supply.

    Outlook

    Although South Africa’s music industry has been growing steadily, it continues to reap only a small percentage of recorded music revenue. Musicians remain exploited by television and radio stations that delay royalty payments as there are no regulations to protect them in this regard. According to PwC, “streaming’s popularity is set to bolster recorded music revenue in the market as the rising take-up of streaming music subscriptions will more than offset the ongoing decline in physical recorded music sales going forward.” However, the impact of coronavirus is expected to affect industry revenues in 2020 as the economy contracts further and unemployment increases. Concerts and live events have been postponed indefinitely or in many cases cancelled and many artists have had to delay releasing new material due to being unable to use tours to promote their albums.

    Read More..
    The Music Industry in South Africa
    The Music Industry in South Africa 2020

    Full Report

    R 1 900.00(ZAR) estimated $101.31 (USD)*

    Buy Now +

    Industry Landscape

    R 1 330.00(ZAR) estimated $ 70.92 (USD)*

    Buy Now +

    Historical Reports

    The Music Industry in South Africa 2024-10-22

    R 20 000.00(ZAR) estimated $1066.39 (USD)*

    View Report Add to Cart

    Table of Contents

    [ Close ]
    PAGE
    1. INTRODUCTION 1
    2. DESCRIPTION OF THE INDUSTRY 1
    2.1. Industry Value Chain 8
    2.2. Geographic Position 9
    3. SIZE OF THE INDUSTRY 9
    4. STATE OF THE INDUSTRY 13
    4.1. Local 13
    4.1.1. Corporate Actions 18
    4.1.2. Regulations 18
    4.1.3. Enterprise Development and Socio-Economic Development 19
    4.2. Continental 20
    4.3. International 23
    5. INFLUENCING FACTORS 25
    5.1. Economic Environment 25
    5.2. Coronavirus 25
    5.3. Piracy 26
    5.4. Royalty Dispute with SABC 27
    5.5. Technology, Research and Development (R&D) and Innovation 28
    5.6. Labour 30
    5.7. Effects of Load Shedding 31
    6. COMPETITION 31
    6.1. Barriers to Entry 33
    7. SWOT ANALYSIS 33
    8. OUTLOOK 33
    9. INDUSTRY ASSOCIATIONS 34
    10. REFERENCES 35
    10.1. Publications 35
    10.2. Websites 35
    APPENDIX 1- SUMMARY OF NOTABLE PLAYERS 36
    Reproduction of Recorded Media & Music Publishing 36
    Music Retail 38
    COMPANY PROFILES - REPRODUCTION OF RECORDED MEDIA & MUSIC PUBLISHING 40
    ARENA HOLDINGS (PTY) LTD 40
    CONTENT CONNECT AFRICA (PTY) LTD 43
    DAVID GRESHAM RECORD COMPANY (PTY) LTD (THE) 44
    DOJAM PRODUCTIONS CC 46
    ELECTROMODE (PTY) LTD 47
    KVN PUBLISHING (PTY) LTD 49
    RED IGLOO MUSIC PUBLISHING CC 51
    SHEER PUBLISHING (PTY) LTD 52
    SM PUBLISHING SOUTH AFRICA (PTY) LTD 53
    SONY MUSIC ENTERTAINMENT AFRICA (PTY) LTD 55
    UNIVERSAL MUSIC (PTY) LTD 57
    UNIVERSAL MUSIC PUBLISHING (PTY) LTD 58
    WARNER MUSIC SOUTH AFRICA (PTY) LTD 60
    COMPANY PROFILES - REPRODUCTION OF RECORDED MEDIA & MUSIC PUBLISHING 61
    CONNOISSEUR ELECTRONICS (PTY) LTD 61
    GROUP 187 HOLDINGS C C 63
    K MORBY 64
    LOOT ONLINE (PTY) LTD 65
    MASSMART HOLDINGS LTD 67
    MEDIA24 (PTY) LTD 73
    MR VINYL (PTY) LTD 80
    NEW CLICKS SOUTH AFRICA (PTY) LTD 81
    PICK N PAY STORES LTD 84
    SPOILER TAGS (PTY) LTD 88
    TAKEALOT ONLINE (RF) (PTY) LTD 89

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