ITV

Tag: JioMusic

  • JioMusic and Saavn integrate to create South Asia’s largest platform for music, media and artists – JioSaavn

    JioMusic and Saavn integrate to create South Asia’s largest platform for music, media and artists – JioSaavn

    MUMBAI: Saavn Media Private Limited, a subsidiary of Reliance Industries Limited (“RIL”), today launched JioSaavn, South Asia’s largest streaming, entertainment and artist platform. JioSaavn represents the official integration of JioMusic, India’s most popular music app, and Saavn, India’s leading global over-the-top platform. The new integrated JioSaavn app will be available across all App Stores including the Jio app store, on JioPhone, as well as, at www.jio.com/jiosaavn.

    As announced in March 2018 at the time of acquisition of Saavn by Reliance Industries Ltd, the implied valuation of the combined entity at over US$1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world.

    JioSaavn combines the streaming media expertise of Saavn with Jio’s digital services ecosystem. Jio is India’s largest digital services network with over 252 million subscribers. The integrated app has a massive addressable market opportunity both in India as well as for the Indian diaspora.

    With the integrated JioSaavn app, users can expect a suite of new in-app products and music experiences, including an interactive lyrics feature, localized vernacular display, custom integrations with concerts and live events, as well as exclusive video content to roll out over the next few months.

    The service will be offered on a freemium model in India with all users having access to the ad-supported product. Jio subscribers would enjoy seamless access to the integrated app. Additionally, as part of this launch, Jio users will also get a 90-day extended free trial of JioSaavn Pro, the streaming service’s premium product.

    Speaking on the launch of JioSaavn, Akash Ambani, Director, Reliance Jio, said, “JioSaavn represents a turning point for the music streaming industry in India, as the country continues to experience accelerated tech innovation, rapid adoption of digital services, and a digital music industry at par with global leaders. Powered by Jio’s advanced digital services infrastructure and complemented by its widespread user base, JioSaavn will be the largest streaming platform in India.”

    Supported by the resources and connectivity of India’s most powerful digital services network, JioSaavn will continue to build on Saavn’s groundbreaking Original Programming and artist development platform, Artist Originals (AO). Saavn’s Original Programming, which has redefined the development, marketing and distribution of original audio entertainment, produces and exclusively distributes some of India’s most popular audio podcasts, like ‘#NoFilterNeha‘, ‘Thank You For Sharing’, ‘Take 2 with Anupama and Rajeev’, ‘Talking Music’ and ‘Kahaani Express with Neelesh Misra’.

    The Saavn co-founders – Rishi Malhotra, Paramdeep Singh and Vinodh Bhat – continue in their leadership roles to drive the growth of the company. JioSaavn’s team of more than 200 employees also continues to operate out of its five global offices at Mountain View and New York in the United States and Bengaluru, Gurugram, and Mumbai in India.

    Rishi Malhotra, Co-Founder and CEO, JioSaavn, stated, “Since announcing our merger in March 2018, the Jio and Saavn teams have been working to integrate and reimagine a combined platform in JioSaavn. Today, we have one of the most personalized and capable media platforms in the world, an unmatched content catalog, regionalized editorial and original programming and music that’s redefining how artists and creators connect directly with audiences worldwide.”

    Paramdeep Singh, Co-Founder and Executive Vice Chairman, JioSaavn added, “The launch of JioSaavn marks a new era for music streaming in India and, the global music industry at large. Combining the scale and quality of the Jio network with our highly engaged product experience, JioSaavn is positioned for a steep growth trajectory that will benefit the entire ecosystem of label partners, brand advertisers, and independent artists to bring content, commerce and culture together.”

  • Phonographic Digital will license & collect fees from telcos & streaming services

    MUMBAI: Significant change is afoot in the Indian music industry. Almost unnoticed, a new organisation has cropped up to licence and collect fees from the various telcos and streaming services. Called the Phonographic Digital Ltd (PDL) it was incorporated in March 2017, just as the financial year was coming to a close, with its registered office in Kolkata.

    Earlier, the Phonographic Performance Ltd (PPL), which was headed by Vipul Pradhan as its CEO, was mandated to assign licences on behalf of its Indian label members to the various telecom operators such as Airtel, JioMusic, Idea, Vodafone, and streaming services and collect royalties from them.

    The PPL will continue as in the past to be a collection organisation for public performance of sound recordings from establishments, events and radio.

    Read the full report here:

    Indian music industry sets up PDL, a new association for telco licensing

  • Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6  crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

    Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”

    Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore. 

    The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.

    RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.

    RIL numbers

    RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.

    Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil &  Gas business due to lower volumes and weak price environment says that company.

    Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17

  • Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    Q2-17: Reliance: Jio busts records, organised retail grows 63 percent

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.

    The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6  crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

    Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”

    Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.

    Organised Retail

    RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore. 

    The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.

    RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.

    RIL numbers

    RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.

    Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil &  Gas business due to lower volumes and weak price environment says that company.

    Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year. 

    Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.

    Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17