MX Player isn’t one of the Indian streaming services we’ve written much about, in comparison to Gaana, JioSaavn and Wynk Music. It’s interesting though: a video-streaming service that has a catalogue of music videos alongside TV shows, films, news and sports content. It’s certainly on our radar now though: this week MX Player has announced a $110m funding round, with Tencent and Times Internet the investors.
Times Internet (the parent company of Gaana) already acquired a majority stake in MX Player in 2018.
According to industry site Radio and Music, the video service has more than 275 million monthly active users globally, including 175 million in India, making it the second-biggest video service there behind YouTube. “MX Player was our most ambitious investment last year, and it has the potential to change mobile entertainment in India and in the world,” said Times Internet vice chairman Satyan Gajwani, in a statement.