West Music Corporation (WMC), a leading global entertainment company, is making significant strides in the Nigerian entertainment industry with its music investment and content acquisition deals.
This move is part of WMC’s broader strategy to expand its global presence into Africa’s booming music market, marking a crucial step in establishing Nigeria and Ghana as a central hub for its African operations.
At the heart of this mission is WMC’s legal advisor and business consultant, *Omowunmi Oladipupo* , who spearheaded the negotiations and facilitated the acquisition of music copyrights for the company and its subsidiary, Wahoo Music Entertainment.
“West music and its subsidiary companies plan to work with Artists in Nigeria and other West African Countries to support them with music production costs. We plan to share the publishing and distribution copyright in these projects and also licensing and marketing of master recordings of classic contents. We have signed content acquisition contracts with artists like Young Twelve, and also licensing and marketing service agreements which will help us commercialize these creative assets. These contracts are vital to WMC’s investment plans in Africa, facilitating smooth collaborations among artists, producers and industry players” Oladipupo stated.
WMC’s leadership is confident that this expansion will deliver considerable advantage to both the company and the Nigerian entertainment industry. “Nigeria has a rich and vibrant entertainment industry, and we are excited to contribute to its growth by creating more opportunities for local artists, producers and collaborators.
Our goal is to build long-term partnerships that will strengthen the music industry and promote African talent on a global scale. So far, we have done deals worth over $500,000 and looking to do more as the company is expanding business to major countries in Africa. The Company are also looking to collaborate with record labels and we are already in Partnership talks with major record labels like Hypertek, Chocolate City, Fierce Nation” said *Wang Meiqi, MD of West Music Corporation.
*Steve XU* , CFO of West music further emphasized the importance of this move: “By acquiring and commercializing music catalogs, we’ve opened up new revenue streams for these Nigerian artists through effective licensing and royalty management. The contracts we’ve negotiated have already facilitated cross-border collaborations with international artists and record labels. This goal is to help our partners gain global relevance in the music industry and drive foreign investment into the Nigerian entertainment industry”
Nigeria’s Ministry of Industry, Trade, and Investment has lauded WMC’s investment as a major economic boost for the country. “This move by West Music Corporation is a positive development for Nigeria’s creative economy. It not only brings in foreign investment but also strengthens our cultural exports,” said Mr. Mohammed Bala, Director of Industrial Development at the Ministry. “We see this as a model for other international companies looking to expand into Africa’s growing entertainment sector.”
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