Africa Entertainment And Telecommunication Market Share

Market Share of Africa Entertainment And Telecommunication Industry

The media & entertainment market landscape is highly competitive and consists of some of the prominent players leading across the industry. In terms of market share, some of the major players currently dominate the market. However, with the advancement in the emerging network technology (5G) across the OTT services, new players are increasing their market presence thereby expanding their business footprint across the region.

• October 2023 - Sony Ventures launched a USD10M fund to invest in African entertainment startups through the Sony Innovation Fund: Africa. This fund will support the growth of entertainment businesses in Africa.
• July 2023 - Pan-African telecoms provider MTN Group has set to invest USD 3.5 billion (R65 billion) in Nigeria over the next five years. Africa’s largest mobile network operator, MTN, has been calling for partnerships for progress across Africa. The company wants to partner for progress with nation-states and twin its aspirations with its host countries.

Africa Entertainment And Telecommunication Market Leaders

1. 264 Cru

2. Sony Music

3. Iflix

4. MTN Nigeria Communications PLC

5. Safaricom

*Disclaimer: Major Players sorted in no particular order