Module 1 of the Music Business Academy for Africa 2022 concluded on the 10th of July, 2022. You are missing out on a lot If you are an aspiring music industry enthusiast yet to enroll in the ongoing MBA for Africa ‘22. It has no doubt been an eye-opening experience so far for the cohorts. They have learned a lot and there is still a lot to learn.
MODULE 1 HIGHLIGHTS
Module 1 had different faculty guests for each class, including:
CLASS 1 [African Music Industry History]: Obi Asika, the Co-Founder of SocialMediaWeek Lagos, and Panji Anoff, the Founder & Creative Director of the High Vibes Music Festival & CEO of Pidgen Music
CLASS 2 [Music and the African Economy]: Piriye Isokari, Founder & CEO, Aristokrat Group and Iredumare Opeyemi, a Creative Industries Lawyer & Principal Managing Partner at Technolawgical Partners Law Firm.
CLASS 3 [Entrepreneurship in the Music Industry]: Akinyemi Ayinoluwa, Partner & Co-Founder at HighTower Solicitors & Advocates and Camille Storm, Founder of Camille & Co. Company Limited.
CLASS 4 [Finance Basics For Music Business]: Titilayo Adesoga, Founder of Royalties, Ledgers and Reports (RLR).
You can download the complete MBA For Africa Curriculum here: → http://lnkd.in/g2RPAVxH
The MBA For Africa 2022 program's Module 1 ended on July 10. This Module covered the Introduction to the African Music Industry. Short highlights from the Module's classes are included in this video.
— Music Business Academy For Africa. (@mbaforafrica) July 15, 2022
Visit https://t.co/VhNPq4ZRDE to register now!#MBAForAfrica22 pic.twitter.com/nhSeK1vQdY
CLASS HIGHLIGHTS
To start with, The class on African Music Industry in summary examines the historical evolution of various African sounds. This also includes how African sounds have traveled globally and exploration of new sounds like Ethiopiyawi, Ggom, and Singeli among many others. In addition, the current landscape of the African Music Industry, the global attraction and most importantly, how to build a favorable ecosystem for Africa were discussed.
Furthermore, the class on Music and the African Economy enunciates the importance of music in various industries that contribute to the growth of the economy. In addition, the students learned about the importance of music in other industries such as film and advertising. However, a strong music economy drives value for society in job creation and tourism, and attracts business investments. Therefore, a structure is required to help the music economy thrive, this discussion was not left out.
In conclusion, the class on Entrepreneurship in the Music Industry highlighted the importance of business structures within the various industries in the Music Industry. Also, business models & types available within the 4 industries of the music industry were discussed.
Below is some feedback from the students on the conclusion of Module 1:
We need to make sure home (Africa) is well structured and well placed to accommodate artist that are here and the ones that wants to come back.#MBAForAfrica22 #LearnFromMBA22
— ???? ???? (@MiahEneh) July 14, 2022
It's also important to track your finances. It's starts by keep a record of what you spend, how it benefits you or takes away from your finances. #MBAFORAFRICA22 #LEARNFROMMBA
— Sir PDB ??? (@NanaKojoMula) July 10, 2022
Therefore, it’s paramount that we build an ecosystem that benefits Africa. The goals of this ecosystem is;
— Hojay Barbs ? (@Oj_barbs) July 5, 2022
1. To build local businesses that connects to the global market and return revenues to our local businesses. #MBAForAfrica22 #LearnFromMBA22
MODULE 2 PROGRESS
Module 2 of the MBA For Africa 2022 program began on the 16th of July. This Module covers the Industries Of the Music Business.
This module is in partnership with Dr. Carlos Chirinos Ph.D. from the New York University Music Business Program.
The classes include:
CLASS 1: The Publishing Industry (Royalty Collection and Distribution)
CLASS 2: The Recording Industry
CLASS 3: The Live Music Industry
CLASS 4: The interactive industry ( Syncs, Placements and opportunities in the digital industry)
The Module 2 of the #MBAForAfrica22 program begins today! This Module covers the Industries Of the Music Business.
— Music Business Academy For Africa. (@mbaforafrica) July 16, 2022
This module is in partnership with @carlosasteroid
Visit https://t.co/VhNPq4ZRDE to register now! #MBAForAfrica22 pic.twitter.com/C0CKQraeBe
There is no doubt how exceptional the impact of the classes has been on the students so far. This module seeks to educate on the various workings of the industries present in music. To begin with, The first 2 classes in this module examine different kinds of copyrights, the jobs of publishers, the importance of having wills, and the assets involved. Also, there is an extensive discussion on the roles of record labels, and A&Rs in the music industry. It only gets more interesting from here.
Below is some feedback from the students on Module 2 so far.
A&Rs are critical to labels. They're a core part of the label structure. Their work goes beyond just having a good ear for music and being able to identify new talents. They're also part of big financial decisions in the label. #LearnfromMBA22 #MBAForAfrica22
— Sir PDB ??? (@NanaKojoMula) July 17, 2022
If you're still thinking there is only one industry in music and it's not that profitable, uh uh! You need to register for MBA Africa now. @mbaforafrica #LearnFromMBA22
— Han'nan?? (@hannan_ola) July 17, 2022
Visit https://lnkd.in/dYJdW_u to register for the MBA For Africa 2022 program now!
N/B: When you register for the full program, you will have access to all the classes and live sessions that you have missed.
The MBA For Africa 2022 Program in partnership with Creative Industries Initiative For Africa & Music Ally is officially sponsored by YouTube Music.
Stay informed on the activities of the Music Business Academy for Africa 2022 on our website as we bring you weekly updates here.