FEATURED STORY

Nation Media bets on music to grow revenue

Share
Share

Nation Media Group (NMG) has now ventured into the music industry by launching a record label that it says will conduct talent scouting and development of new artistes as well as manage their brands and copyrights. It will also coordinate the production, manufacture, distribution, marketing and promotion of Kenyan music talent.

The launch of Lit Music record label is part of NMG’s quest to expand its revenue streams in the face of reducing ad and sales revenue that have seen it post depressed profits in recent years. In a statement, NMG said the record label is set to revolutionalise the traditional record labels by ensuring artistes get full value for their talent.

“We believe that through the new record label, we will bring something unique and fresh for the local artists and make it easier for them to commercialise their talent. This record label is also an initiative by NMG to support the music industry in Kenya and find ways to make it efficient for local artists to have transparency on revenues earned through various platforms,” acting group CEO Stephen Gitagama said.

He said the initiative had received “very good response” from a number of artistes who have already signed with Lit Music. This is also in line with NMG’s strategy to transform itself into a modern digital content company for a sustainable and profitable business, he added.

SEE ALSO; NEW REPORT SHOWS RADIO IS STILL KING OF MEDIA INDUSTRY

Lit Music will promote local music talent through a 360 offering across all NMG platforms in broadcasting, print and digital. The media house will today (Thursday) night introduce a one-hour lifestyle TV show called Lit 360, which will start airing at 10pm on NTV.

It will feature local and international artistes, latest fashion trends and events around the country and is set to debut the various artistes signed under Lit Music record label. “Lit 360 has provided an amazing opportunity to showcase my talent and advance my career. I struggled for years trying to promote myself through social media without success. Thanks Lit 360!” said Hellen Ken, the Mambo Yabadilika singer.

READ: DID DP RUTO FINALLY SHAKE HANDS WITH MOI?

Listeners will access the music through the Lit Music website, YouTube and other platforms such as radio through Lit 963 morning show on Nation FM and TV.

Some of the artists signed under Lit Music include Gloria Muliro, Mwenye Haki, Redemption, Rachel Adiyo, Hellena Ken, Vanessa, Bugz, Dee and Alex Munyiri.

NEXT: HOW DJ RUINED STANDARD GROUP’S RADIO PLANS

Written by
BT Reporter -

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

WHAT YOU NEED TO KNOW IN POLITICS

FOLLOW US ON SOCIAL MEDIA

Related Articles
Ochieng Rapuro - Editor in chief Standard Group
MEDIANEWS

Standard Group CEO Releases Fresh Details on Sudden Exit of Editor in Chief

Standard Group management has revealed circumstances leading to the recent exit of...

Elias Makori - Sports Journalist
SPORTS

Ex-NMG Sports Editor Makori Lands World Athletics Media Job

Celebrated sports journalist Elias Makori has been appointed Press Delegate and Media...

Joe Muganda NMG Baord
MEDIANEWS

NMG Board Appoints Former CEO as Independent Director

Former Nation Media Group (NMG) CEO Joe Muganda has returned to the...

Leonard Mususa NMG Director
LEADERSHIP

NMG Director Exits After Serving Nearly a Decade

The Nation Media Group has announced the retirement of Leonard Mususa as...