Saregama trails plans to invest $100m in its music business
Indian films and music company Saregama is planning a major investment of "up to Rs 750 crore" (that's around $100m) in the latter part of its business.
January 31, 2022
Indian short-video app Chingari signs deal with label Saregama
India has been a fascinating market for short-video apps since TikTok was banned there in the summer of 2020. That sparked a surge of launches of local rivals, with Moj, Josh and Chingari among those to have grown rapidly. In...
November 25, 2021
Spotlight on India: Saregama’s revenues up 37%, with a focus on regional and “non-film” music
Each day this week, journalist Amit Gurbaxani focuses on some interesting stories in the Indian music business, with plenty of links for you to explore. India’s oldest record label Saregama is among the country’s few...
August 4, 2021
Indian music company Saregama reports latest financials
Saregama is one of the Indian media firms focusing on both music and films – and, indeed, music for/from films. Its latest financial results reveal that the business is holding up despite the Covid-19 pandemic’s...
January 25, 2021
Spotify adds ‘Group Session’ feature, signs Saregama deal
Spotify is getting a bit more social, although its new ‘Group Sessions’ feature requires people to be in the same place. That means for now it’ll mainly be handy for families quarantining at home, but...
May 12, 2020
Indian music industry debates potential for paid music subs
“I think we’re on course,” said Blaise Fernandes, the president and CEO of India’s official recorded music industry body the Indian Music Industry, when asked on a status update on the country’s plan to break into...
August 28, 2019
Saregama sold 219k of its Carvaan music players last quarter
Indian music and film company Saregama published its latest quarterly results yesterday, revealing a 6% year-on-year increase in its consolidated music revenues, which account for 90% of the company’s overall turnover....
August 16, 2019
India’s latest music app is from… its Ministry of Culture
There’s a big market in India for recordings of ‘devotional music’ – songs that accompany religious services and rituals. An app called Sangam Music provides a big catalogue of devotional songs and instrumentals,...
May 20, 2019
Spotify loses Saregama catalogue in India after licensing snag
Just as Gaana announced its 100-million-users milestone in India, so its latest rival was revealing a new dispute with a key label partner in that country. Spotify has promised to remove the catalogue of one of the key Indian...
April 25, 2019
Saregama music revenues grew by 68% year-on-year
Indian music and films company Saregama has published its latest quarterly financial results, including strong growth for its music division. In fact, music generated 92% of Saregama’s revenues in the final quarter of 2018...
January 28, 2019
Indian firm Saregama sees growing music and video streams
Indian music and film company Saregama has been talking about the strong growth it’s seeing from audio music-streaming services, as well as from YouTube. By the end of 2017, the company’s music catalogue was generating...
June 11, 2018