Wazing Zang is a groundbreaking music technology startup based in Nairobi, Kenya, that is revolutionizing the music industry. Founded in 2021 by Joakim Cornelius, the company's mission is to empower musicians by providing seamless digital distribution and global royalty collection. Wazing Zang sets itself apart by offering a range of services including self-governing record label operations, digital distribution to major platforms like iTunes, Deezer, Spotify, Amazon Music, Google Play, and Tidal, as well as music publication and leasing. Notably, Wazing Zang's impact is already evident, with the company accounting for approximately 40% of iTunes' 100,000 music tracks and nearly 29% of all online downloads in Kenya. The startup's first client, Kapello, saw success as the company facilitated the distribution of their music, signaling the potential for growth and influence in the industry.
In terms of revenue, the musicians managed by Wazing Zang received a total of $10 million in royalties during the first quarter of 2020, with distribution sales reaching $3 million, reflecting an impressive 28% year-on-year improvement. With its innovative approach and impactful results, Wazing Zang is poised for significant expansion and success in the music and marketing industries.
Taxonomy:
digital distribution, record label, music industry, music technology, global royalty collection, artist management, music publication, Kenyan startup, music streaming platforms, music royalties, online music distribution, African music industry, music publishing, music recording services, independent record label
