.DowntownMusic Acquires Sheer Music, Africa’s Largest Independent Publisher
Downtown Music Holdings announced today that it has acquired South Africa-based Sheer Music Publishing, the largest independent music publisher in Africa. 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’s key South African clients include Cassper Nyovest, Kwesta, Philip Miller and the Parlotones; other prominent African writers include Sauti Sol, Willie Paul and Eric Wainaina from Kenya, Orezi, Bracket and Harrysong from Nigeria, Salatiel from Cameroon and Stonebwoy from Ghana. Companies that Sheer sub-publishes for Africa include Warner Chappell, Kobalt, Concorde, Bucks Music and Budde Music.
Sheer will maintain its current independent royalty platform to service its existing international publishers for sub-publishing in Africa, and will adapt global best practices on data matching techniques and income tracking. The African music industry has expanded in recent years, thanks to a combination of digital platforms, high-profile collaborations between major African and international artists, accelerated adoption of smartphones, and demographic trends. According to data in The Africa Growth Initiative at Brookings Institute’s annual “Foresight Africa” report, approximately 60 percent of the African continent’s 1.
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