business

Spotify Announces Exit of Kevin Brown, Head Of Label Relations for U.K. and International

Kevin Brown, Spotify’s head of U.K. and international artist and label services, is to leave the company after five years. Brown’s exit was confirmed in a statement by Spotify’s global head of artist and label services Rob Harvey, who said that the executive “has decided to leave Spotify after having supported [the platform’s] growth over the last five years.” “We thank him for his contributions and wish him the very best in his future endeavours,” said Harvey. Spotify would not comment on when Brown’s role at the streaming service ends, although Billboard understands that it will be before the year ends.  Brown is yet to publicly comment on the reasons for his exit or what his future plans are. The London-based executive joined Spotify...

Be realistic in oil, gas industry reforms, OPS tells FG

By Ediri Ejoh The Organised Private Sector, OPS, has called on the federal government to take a more realistic path in the ongoing efforts to restructure the country’s oil and gas industry. In a statement by Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, MAN, the group regretted failure of the 7th National Assembly to pass the Petroleum Industry Bill, PIB, even when additional efforts were made to pass the 2012 version of the Bill as well as similar failed attempts at prior parliamentary sessions. Oil “We have observed over the past 10 years the inability of Nigeria to drive reform in the oil and gas industry that will position our country as the preferred destination for investment in that sector of the economy. “One of the reasons fo...

E-payment transactions drop to N19.33trn in Q3, 2017

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, has said that the value of e-payment transactions recorded by banks in third quarter (Q3), 2017 declined to N19.33 trillion from N19.78 trillion in the second quarter (Q2) of the year, representing 2.3 percent decrease. In its report, “Selected Banking Sector Data,” released yesterday, the NBS did not explain factors responsible for  the decline but said the amount was recorded in 213.69 million transactions. mobile money It also noted that the Nigeria Inter-Bank Settlement System, NIBSS, Instant Payment (NIP) transactions dominated the volume of transactions during the period recording a volume of 97.53 million transactions valued at N13.963 trillion. In the Q2, 2017 ATM transactions dominated the space. T...

Kobalt Music Signs Global Deal With Eric Church’s Little Louder Publishing Company

Kobalt Music announced on Wednesday (Dec. 13) it has signed a worldwide creative and publishing deal with Little Louder, covering all future works and back catalog.  Little Louder is the publishing company formed by Eric Church and Arturo Buenahora in 2013. Its roster includes Casey Beathard, Luke Dick, Oscar Charles, Jeff Hyde, Haley Georgia and Ryan Tyndell.  “We are excited about what the future holds with Kobalt,” said Church in a statement.  Effective immediately, Kobalt will be pitching Little Louder’s writers’ songs for placement on records and sync projects, as well as offering co-writing and collaboration opportunities.  “Eric Church is more than a singer-songwriter, he is force to be reckoned with in the music business,” said Kobalt’s chief cre...

Wizeline expands its outsourced IT services business into southeast Asia

Wizeline, a provider of outsourced programming services, is expanding its global footprint with agreements to partner with a slew of development shops across Southeast Asia. Founded in 2014, the company has a similar vision as Andela — providing programming jobs for developers in emerging markets to unlock the local talent pool and expose a new generation and geographies to the startup world. While Andela has focused on opportunities to employ developers in Africa, Bismarck Lepe, Wizeline’s founder and chief executive, initially focused on Latin America. The company currently employs 300 people in Guadalajara, Mexico and opened its second office a year ago in Ho Chi Minh City. Now, the company is expanding its footprint by leveraging third-party developer shops to add additional programmer...

Skye Bank, six others awarded platinum prize as top donors of Lagos security trust fund

Skye Bank Plc., one of Nigeria’s leading retail commercial banks and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State. R-L: Lagos State Governor, Akinwunmi Ambode, with his wife, Bolanle; Vice President, Prof. Yemi Osinbajo and Deputy Governor, Dr. (Mrs.) Oluranti Adebule; during the commissioning and handing over of Patrol Vans, Power Bikes and other security kits to Security Agencies in the State, at the Tafawa Balewa Square, Lagos on Monday, May 23, 2016. The top donor awards to Skye Bank and six organisations were part of the activities at the 11th Town Hall Meeting on Security with the Governor of Lagos which coincided with the 10th anniversary of Lagos State Security Trust Fund (L...

$250m un-remitted fund: Reps threaten to arrest 10 oil firms

Lagos – The House of Representatives Committee on Oil and Gas, on Wednesday threatened to issue warrant of arrest on Managing Directors of 10 oil firms, if they failed to appear before it on Thursday to account for unremitted 250 million dollars to the Federal Government’s purse. House of Rep members Mr Jerigbe Agom, the Chairman of the committee, issued the warning at its sitting in Lagos. The Chairman berated the companies, including, Aiteo Energy, Neconde Energy, Frontier Energy and seven indigenous oil companies for allegedly not showing interest to remit the fund. Agom also ordered the Managing Director of the Nigerian Petroleum Development Company (NPDC) to appear before the committee in Abuja on Dec. 19 over Operating Mining Lease (OML) 119, to explain why the b...

Apple Gains Power With Shazam, But It’s Still ‘No Silver Bullet’ For Music Discovery: Analysis

If integrated effectively, Apple’s ownership of Shazam data could help position it as a genuine music-industry leader, rather than as someone casually joining the streaming bandwagon. While there are countless differences between Apple and Shazam, perhaps the most culturally significant one is that “Apple” is not yet a verb. In contrast, “Shazaming” a song is now second-nature in music discovery, and the namesake audio recognition app has become the top utility for music identification, discovery and monitoring — for consumers and content creators alike. As a tech behemoth, Apple aims to be a similarly omnipresent utility in its customers’ lives. Notorious for its secrecy and insularity, the company excels at keeping users active 24/7 within its proprietary ecosystem of hardware and ...

Spotify Gifts Artists With ‘2017 Wrapped’ Year-End Data

The campaign for creators, musicians and their teams distills insights from the past year into custom micro-sites. Spotify unveiled its “2017 Wrapped” for creators campaign on Wednesday (Dec. 13), offering year-end insights to artists with custom micro-sites celebrating their successes on the music streaming service.  The campaign is the latest in Spotify’s “2017 Wrapped” initiative that rolled out a consumer-facing option last week, chronicling users’ listening habits from the past year. The artist offering delivers similar results, but for their own music.  Musicians and their teams can access and share their “2017” wrapped pages via the dashboard in their Spotify for Artists accounts. Among the data points included are the biggest days of ...

T-Mobile plans pay TV service in 2018 fueled by Layer3 acquisition

T-Mobile is getting into the paid TV business, with the acquisition of Layer3 TV, a TV tech company, and plans announced to launch its own offering sometime next year. T-Mobile’s John Legere revealed the pay TV ambitions for the so-called “Un-carrier” on its YouTube channel today. [embedded content] The plan involves building a service that avoids long-term contracts, as well as complex bundles and billing. Layer3 TV, which offers streaming TV and online video combined into a single service offering, might provide some idea of what it’ll look like in practice once it launches, though the acquisition could also be more about its underlying technology. T-Mobile already offers preferential streaming for select video services using its “Binge On” unlimited streaming program – it’ll be interest...

HAAWK, Which Tracks Down Revenue for Rights Holders, Buys RoyaltyClaim and TuneRegistry

HAAWK, a rights management and content monetization firm started by Ad-Rev co founder Ryan Born, has acquired RoyaltyClaim and TuneRegistry. Terms of the deal were not disclosed although Haawk had previously raised $2.5 million in seed venture capital from Rincon Venture Partners. Prior to this current acquisition, HAAWK bought certain assets from Dart Music, which specialized in cleaning up music rights metadata, among other rights management services. That company filed for bankruptcy last summer and its assets were sold in separate deals to HAAWK and Core Rights LLC this fall. As part of the current deal, RoyaltyClaim founder Dae Bogan will become CEO of HAAWK while Born will retain the titles of chairman, president and CFO. “HAAWK’s mission is to create and retrieve newfound reve...

Yoghurt: Consumers force producers to innovate

By Princewill Ekwujuru …Chi, Fan Milk, Viju battle for market share Yoghurt producers are innovating with various flavours of    yoghurt products to sustain their  market share, a step that has propelled growth of the industry. This came at the backdrop of  campaign by food nutritionists  insinuating that Nigerians are not drinking enough milk compared to global consumption rate.  As a result of this,  there has been an increasing pressure on yoghurt producers to meet the growing demand for high-value yoghurt and sour milk products in the market. This has led to the sub-sector growing at an unprecedented rate and the driving force behind this enormous surge is a combination of population growth, rising incomes and urbanization. The producers are also positioning their ...