How do Boomplay make money and how there pay artistes
Boomplay is currently the Number one and fastest growing music community, lifestyle and entertainment app with a focus on music that aims to build the largest and most sustainable digital music platform in pan-Africa & African diaspora markets. Boomplay’s music service helps artists and content providers monetize their content effectively.
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Do you know how Boomplay sells music to make money? It’s by allowing premium subscribers to download and stream the content of their choice. However, it follows that same method to decide a pay rate and pay the artist who contributes to the media streaming platform. They can choose to pay for:
When a subscriber streams the content, artists get paid a proportionate share of Boomplay’s monthly subscription revenue. The paid amount is calculated as per Distributor blanket agreement with the store. Payments do not remain the same each month; it ultimately depends on how often particular artist music is streamed or depends on the amount of subscription revenue generated.
The streaming content download rate on Boomplay is based on territory-specific rates; hence for downloading streaming content, individuals have to pay the price calculated in your distributors blanket agreement with the store.
Compared to other streaming platforms targeting African continents, including Kenya-based Mdundo, France’s Deezer, telecom carrier’s offerings such as MTN Nigeria’s MusicTime, and local startups such as Boomplay currently hold a dominant position. Recently, the company has signed deals with global labels like Warner Music, Universal Music, and local independent-label digital rights agency Merlin.
Boomplay provides its users access to more than 37 million songs. Around 1 million content in the Boomplay music database is native to Africa. To provide an improved experience to platform users, Boomplay supports multiple payment methods such as Mpesa, Transitions PalmPay, and Flutterwave.
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Advance Features of Boomplay Making it Primary choice
Boomplay is a feature-rich digital solution that comes with numerous features that provide an improved experience to platform users. We have listed a few of the advanced features right have:
- Suggested Users
- Seamless Cross-fade
- Transfer Coins
- Chat and Notifications
Boomplay users can enjoy many other features to provide them with an improved experience each time they use the app.
Boomplay Revenue Model: Learn How Boomplay Makes Money
Boomplay offers most of its streaming content for free; however, it also provides a premium option to its users. The monthly subscription plan of Boomplay starts at USD 1.99 per month, enabling users to enjoy ad-free streaming and download experience; they can listen to unlimited customers by subscribing to subscription plans.
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To compete with Boomplay, Apple and Spotify have also brought the subscription fee down in African countries. Apple Music’s one-month subscription costs in Nigeria are NGN 900 (USD 2.3). The streaming giant offers a 50% discount for students, whereas, in South Africa, Spotify offers a monthly premium plan for ZAR 59.99.
Accounts and Subscriptions
As stated above, BoomPlay is working on a “freemium” model; it enables users to access an ad-supported version of the service for a paid ad-free and free streaming content, a premium version that enables users to stream as well as download songs and videos. Boomplay subscription has two types that offer unlimited listening time and improved sound quality to its users.
Boomplay enables users to stream, download, and share music and videos from their favorite artists from a comprehensive video and music content library using mobile data and WiFi. Boomplay users also enable users to create a personalized playlist of their favorite music, listen, and share to other user’s public playlists and celebrity playlists. There is a Buzz section for the latest entertainment news.
Users can enjoy different services like music and video streaming, playlist creation, entertainment-related news, download, purchase streaming content, coin transfer, comments, follow share, charts, etc. There are many other advantages that Boomplay provides to its users.
And if you are looking to build an app like Boomplay, Alphanso Tech can help you with it. Contact us to know development costs, integrated features, and much more. Our team tries to understand all your requirements and provide you with the best solution to help you build a solid online presence.