Sheer Music Publishing Joins Downtown’s Portfolio Of Global Music Businesses To Bring Enhanced Services to African Creators And Expands Downtown’s Global Footprint To Sub-Saharan Africa
Global music company Downtown Music Holdings (Downtown), announced today that it has acquired South Africa-based Sheer Music Publishing (Sheer). Building on a long-standing relationship between Sheer and Downtown’s eponymous music publishing division, this acquisition formally expands the company’s geographic footprint to the African continent, while also providing the African music industry greater access to artist and label services available through Downtown.
Sheer, the largest independent music publisher in Africa and a longstanding advocate for creators’ rights across Africa, will continue to function as a standalone business within Downtown’s portfolio of music publishing, distribution, monetization, artist and label services businesses. As part of a broader enterprise, Sheer will further the ability of African creators to receive proper compensation for their work in partnership with other Downtown companies, including CD Baby, Songtrust and FUGA. Additionally, Sheer and Downtown plan to develop new services specifically designed for the needs of African creators.
Related Articles: After Years In Search Of Funding, South Africa’s Ed-tech Startup Syafunda Raises $140k Funding To Scale
“Africa is a high potential market for digital music services due to its large population, high proportion of youth and the people’s passion for music of all genres,” said David Alexander, managing director of Sheer. “The rapid penetration of broadband services along with lower data price points makes the African continent a rising star in the music business of tomorrow. We are excited to grow our current relationship with Downtown to leverage their strong team, services and technology to elevate the thriving African music culture beyond the continent to the rest of the world, and return significant value to African creators.”
|
About Downtown Downtown Music Holdings is a global company that owns, manages, and develops businesses with a vision for a more equitable and innovative music ecosystem. With operations across North America, Europe, Asia, Australia, and Latin America, we are the world’s leading provider of end-to-end services to artists, songwriters, labels, music publishers, and other rights holders. Through our portfolio of companies — Downtown Music Publishing, Songtrust®, CD Baby®, Soundrop®, DashGo℠, AdRev®, FUGA® and Downtown Music Studios — we manage millions of music copyrights, with a catalog that spans nearly 100 years of popular music, including music for film and television, and the single largest independent sound recording catalog in the industry. Our integrated platforms help democratize global music rights management and simplify the distribution, monetization, and promotion of creative works.
|
Other Article: Reasons Why Your Startup Is Still Not Getting Investment
About SheerSheer Music Publishing is the largest independent music publisher on the African continent and has an established presence across the key markets in Africa. As the first pan-African music publishing company, Sheer offers a world class experience with local solutions to teach and transfer skills to the music industry. Sheer’s team members play a pivotal role in the establishment of industry bodies such as SAMEX, MOSHITO & CAPASSO and supporting MUSIC IMBIZO and MUSIC EXCHANGE, ONGEA, AZGO, BUSHFIRE and others. Sheer represents the rights of composers and authors ensuring their royalties are paid whenever and wherever their songs are used. Sheer’s Creative team actively explores channels for the songs to be commercially disseminated across industries and around the world. Sheer Publishing has a wide presence across the continent, with a vision to deepen this presence through focused investment in growing existing geographies and continuing exploration of opportunities in new markets.
Attention Venture Capitalists and investors GFA needs your help. Click Here
“GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation“
Introducing our latest feature writer, Martin N. Chukwuezi who recently wrote an insightful article called ”The impact of Covid-19 pandemic on Oil and Gas Projects in Nigeria
If you would like to raise funding for your next big business or project in Africa send us an email on mary@getfundedafrica.com
