Times Internet Limited has infused fresh capital of Rs 2.48 billion into its online music streaming service Gaana as it prepares to battle giant Amazon's Prime Music service which was launched in India late last year.The investment comes hot on the heels of Amazon signing deals with Bollywood music labels Zee Music and T-Series to make all their content available to its Prime members. Prime Music is currently available to users of Amazon Echo devices but will roll out more broadly in the near future.The disclosure of the fresh investment in Gaana to the Registrar of Companies (RoC) was sourced by Business Standard through Paper.vc.Gaana is the fastest growing business in Times Internet's portfolio, with the company claiming that it had 40 million active monthly users in September last year. The service is considered to the largest of its kind in India, offering users both free and paid access to Bollywood and regional music on its app.Amazon, whose Prime Video has already become the ..
from Companies http://ift.tt/2EMK8y8
Sunday, February 25, 2018
Sunday, February 25, 2018
MZ Digital Marketing Agency
BUSINESS NEWS
No comments
Related Posts:
LATEST BUSINESS NEWS from Bloomberg https://bloom.bg/2RQSOKv … Read More
LATEST BUSINESS NEWSBy March 31, 2019, the state government plans to ensure that projects, for which memorandums of understanding (MoUs) were signed in the recent VGGS 2019, would either commission or progress from Economy & Policy http://b… Read More
LATEST BUSINESS NEWSNet interest margin increased to 3.06%, as against 3.02% for the third quarter of the previous fiscal from Companies http://bit.ly/2S6bR2H … Read More
LATEST BUSINESS NEWS from Bloomberg https://bloom.bg/2RdaYAF … Read More
LATEST BUSINESS NEWS from Bloomberg https://bloom.bg/2FNiWzk … Read More
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment