$33 billion live music industry, how much can Shatta, Stonebwoy hive for Ghana

$33 billion live music industry, how much can Shatta, Stonebwoy hive for Ghana

The brawl between Shatta and Stonebwoy at the VGMA and its resultant decisions could actually be a launch pad for the two acts.

How do you bounce back in the mist of misfortune? Tiger Woods has done that perfectly after infidelity issues that ended in his divorce his comeback earned him the highest national award, Presidential Medal of Freedom, presented to him by President Donald Trump.

Live music and event promotion in the USA this year according to IbisWorld will contribute not less than $28 billlion to the economy. Instead of fighting, trolling or insulting let the two acts get to work and make more money for themselves, unearth talents and be more relevant.

PwC (Pricewaterhouse Coopers) estimates streaming music will grow at a CAGR of 18%. Streaming music revenue will grow to slightly over $23 billion by 2022.

However, it won’t match the strength of the live concert industry which will generate 33 billion dollars in the next 4 years.

The ban presents the two musicians the opportunity to really sell live music and boost Music tourism in Africa and to the rest of the world.

So how much of this global cash are you two men cashing in on. You may have your own plans but unity is strength and this rivalry may not necessarily earn you as much. I know your popularities thrive on controversy but this is also controversial. That you two finally decided to work together? Wow

What about a music tour guys? Do it in all the major sports stadiums round the country send it to other countries promote peace especially now that we are getting to election 2020.

 

 

Source:Myjoyonline

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Artistes that performed at Medikal’s Indigo show footed their own bills – OK Frimpong

Ohene Kwame Frimpong, the man behind Medikal’s sold-out concert at the Indigo at the O2, ...