‏إظهار الرسائل ذات التسميات Music Streaming. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات Music Streaming. إظهار كافة الرسائل

India’s 1st Regional and Independent Music Streaming App Damroo Raises Funding from Marwari Catalysts, Dr. Kumar Vishwas and Others

India’s 1st Regional and Independent Music Streaming App Damroo Raises Funding from Marwari Catalysts, Dr. Kumar Vishwas and Others

India’s first regional and independent music streaming platform Damroo on Monday announced that it has raised an undisclosed amount in seed round funding. The round was led by a host of marquee investors, including Marwari Catalysts, one of India's fastest growing startup accelerators and popular poet-litterateur Dr. Kumar Vishvas. The early-funding round also saw the participation of revered Jagadguru Nimbarkacharya Shriji Maharaj, along with corporate leader Umed Singh Rao and Ratnawali Singh. The company has declared that it envisions leveraging the fresh capital towards Platform upgradation & performance, Branding & promotion, User acquisition & retention, Content creation and Team building & structuring.

Despite the entertainment and music industries scaling fresh heights, there is persistent struggle among independent talents in our country. While they are deprived of a level-playing field due to streaming giants’ populist approach, regional audience too, which is buzzing with aspirations and resources, remains very poorly served. In other words, as I always say -the richest Bharat is poorly served, and we are here to fill this void. We are encouraged by the faith shown in Damroo by all investors” said Ram Mishra, Founder and Managing Director of Damroo.

Ram Mishra, Founder and Managing Director of Damroo
Ram Mishra, Founder and Managing Director of Damroo
Sushil Sharma, Founder of Marwari Catalysts, a startup accelerator with 60+ portfolio startup, added, “We have been instrumental in the growth of country’s D2C space by strengthening startups with products built by Bharat, for Bharat. We relate with Damroo’s ethos to cater specifically to artists, audience and brands/businesses alike in the regional and vernacular space. Mr Ram’s diverse and rich experience of 20 years in the Indian music industry further ticks the critical founder-business fit aspect. Furthermore, this investment is a manifestation of our undeterred zeal to support home grown brands amid the prevailing competitive scenario.”

Noted poet, author and litterateur Dr. Kumar Vishvas also spoke on the occasion, highlighting the need to promote and support talent on the grassroots. “India has always been identified as a culturally vibrant land that is home to innumerable great artists. No matter which part of the country you hail from, no matter what your mother tongue is, music is probably in the blood of every Indian. It is a matter of enormous satisfaction to back a platform where regional artists, music lovers and localised businesses across linguistic boundaries get access to exactly what they seek.”

Damroo intends to foster a 360 degree ecosystem for regional &independent artists, wherein they can earn, grow and own copyright of their music in a most transparent environment. Home to diverse musical genres, including folk, classical, devotional, contemporary etc, Damroo India is also functional in the domain of Sync License Rights. With the regional music industry currently holding over 40% of the Indian music market share, Damroo has swiftly emerged as a game changer for scores of talented artists and localised businesses in the remotest parts of the country.


Huawei AppGallery & Hungama Music Join Hands to Provide Exceptional Streaming Experience in the Middle East



Unlimited streaming of over 12mn+ popular songs, music videos and podcasts in 20+ languages on Huawei devices, for Huawei AppGallery users in the region

New Delhi, 7th July 2021: Huawei AppGallery, the third largest app marketplace globally today announced that its year-long collaboration with Hungama Music, one of the leading music streaming services in India is now expanding to the Middle-East countries. With an aim to boost their global reach, Huawei has taken an initiative to bridge the gap between Indian apps and global users, starting from the Middle-East.

The association will help Huawei’s Middle-East users to indulge in an enriching streaming experience with Hungama Music and allowing them to access over 12 million songs, music videos and podcasts in 20+ languages from the biggest Indian and international labels on its platform.

The strengthening of the partnership between Huawei and Hungama Music through the AppGallery’s expansion in the Middle-East region, will offer the users a fluid music experience along with the availability of a large local library. Hungama Music has association with Mazzika Group, a leading Arabic music production & distribution company in the region. The partnership will allow Hungama Music to offer more than 10,000 tracks from popular artists like Ahmed Saad, Hisham Abbas, Abu and Ahmed Gamal.

Hungama Music is the first Indian integration with Huawei to go live in international markets, namely, UAE, KSA, Kuwait, Egypt, Oman, Qatar, Bahrain and more. To create a holistic mobile ecosystem without geographical barriers, Huawei AppGallery is working with more Indian applications to support them with global exposure. This initiative will further diversify its existing app portfolio of over 2.3 million registered developers and offer a range of cross-border applications to its users. Previously, to attract app developers as well as to benefit them, Huawei AppGallery rolled out various incentives which included up to 90% of ad revenue to go to the app owners.

Commenting on the association, Mr. Lu Geng, Vice President Middle East and Africa, Huawei Global Partnerships & Eco-Development said -
We are excited to take our partnership with Hungama to the international markets. This association will allow an exceptional experience of audio and video streaming to Huawei’s users outside of India. It is a step forward to further strengthen our efforts to build a diverse app experience for our users. Starting from Middle-east, we are looking forward to taking the tie-up to the world’s market. Huawei has been committed to create an ecosystem where everyone has an opportunity to thrive. We will work with more Indian applications and take them to global markets.


Commenting on the association, Mr. Siddhartha Roy, COO, Hungama Digital Media said -
We are excited to strengthen our partnership with Huawei and expand the availability of our platform on Huawei AppGallery in the Middle East region. As a platform, we have always believed in building a robust distribution network that allows us to reach users across geographies and device ecosystems. We are certain that Huawei device users in the region will appreciate Hungama Music for its large and diverse library of Indian and international songs, music videos and podcasts.
Hungama Music is amongst the most popular music streaming platforms in the country, offering content across formats, languages, genres, and categories. Huawei AppGallery is amongst the top three global app marketplaces. It offers a wide variety of global and local apps across 18 categories, including navigation & transport, news, social media, and others. AppGallery is available in more than 170 countries and regions with over 540 million monthly active users.

Emphasizing utmost importance on privacy and cyber security, AppGallery is a trusted platform where every app goes through four major types of tests to ensure they offer 360-degree security to the user.

Chingari Ties Up with Koinage Records A Music Label; Gets License To Use Their Music On Its Platform


India, April 2021: Chingari, Bharat Ka Super Entertainment App & the pioneering indigenous short video app, to make a mark in the world of new age music, has joined hands with Koinage Records, a popular music label from Delhi. Chingari is amongst the most popular entertainment apps in India with a focus on adding value to its users and content creators.

Koinage Records, since its inception, intends to produce multiple genres of music content with a focus on producing music for every genre and age. The Record Label is now all set to dive deep into the world of short video content by making its tracks available to create videos. All the released and upcoming tracks will now be available to Chingari application users to create content over the short video platform.

Koinage Records not only intends to collaborate with known artists from the industry but with independent artists across the country. Since their kickoff in October, they have composed songs with the uncooked, swamped talent to Bollywood singers like Ash King. They have already released 13 tracks and are now set to release many more tracks from different artists in the upcoming months.

Speaking on the occasion, Ramit Bhat, Business Director, Koinage Records said- "We intend to bring forth original content in independent music space by identifying the right talent and provide them an opportunity to showcase their talent at the highest level."

He further added - "With our collaboration with Chingari which is one of the fastest-growing Indian short video platforms, we feel our vision to bring forth multi-genre music content will get the right and wider audience."

Chingari Founder, Sumit Ghosh said, "We are thrilled to partner with Koinage Records as our digital partner, we are privileged to be part of their motive to bring forth new age artists and music for every taste. This collaboration further substantiates Chingari to provide that's in sync with the preference of youth in India. Last week, we happily announced Salman Khan as our official brand ambassador and investor. I hope these high-impact collaborations and campaigns will help us impel more audience.

In the end, he said "Our future outlook is to continue being the most favourable and most preferred platform to connect with brands, artists, production houses, music labels, and online users like never before, and our ethos to reach out to across every state of Bharat"

Talking about the collaboration Deepak Salvi, (Co-founder & COO) Chingari says, "We are happy to announce Koinage as our ally, which intends to produce multi-cultural music records and songs library. This alliance will not only help us to localize content in every language; but, also help us to mutually benefit from each other's perks that come along with this collaboration." In the end, he says, "We see this pact as a renaissance to invite our users and audience to be vocal about their own roots and to bring back multicultural music, Independent music in the mainstream media."

About Chingari:



Chingari is one of the most popular media super entertainment app in India. It is owned by Tech4Billion Media Private Limited. Through this app, users can create and upload videos in more than 12 multiple languages including English and Hindi. Chingari was launched on Google Play Store in November 2018. The app scaled new heights in 2020 and became India's #1 Super Entertainment App and the most popular short video sharing application by August 2020. As on date, Chingari has clocked more than 56 Million users in India and the user base continues to grow by the minute.

Download the free Chingari app on Google Play Store here —

https://play.google.com/store/apps/details?id=io.chingari.app&hl=en_IN


And get the app for your iPhone here — https://chingari.io/trending

Spotify Launches in South Korea




Today Spotify (NYSE: SPOT) launches its service in South Korea, giving Korean listeners access to over 60 million tracks and over 4 billion playlists from around the world. As the world’s most popular audio streaming subscription service, Spotify offers an effortlessly simple interface, an innovative technology framework, everyday new music discovery and algorithmic recommendations personalized to each listener’s music taste. This launch brings Spotify’s total number of markets to 93.

As the sixth-largest music market in the world*, South Korea is a critical next step in Spotify’s global expansion journey. Not only is South Korea among the most digitally inclusive markets in the world, but it is also widely recognized as a cultural and music epicenter, in part due to the global phenomena K-Pop. Since Spotify debuted its first K-Pop playlist in 2014, the share of K-Pop listening on the platform has increased by more than 2,000%. With this launch, Spotify plans to accelerate the growth of Korea’s entire music streaming ecosystem, benefitting creators, labels, distributors and fans. 

“We always want to be where the listeners and artists are, and Korea is rich in both,” said Alex Norström, Chief Freemium Business Officer of Spotify. “This launch presents a massive opportunity for us to not only further our mission of bringing new and quality content to more audiences, but also help local Korean artists tap into Spotify’s 320 million listeners worldwide. We hope to create more opportunities for Korean artists across all genres to be discovered by listeners around the world.”

Spotify has uniquely tailored the music experience for each market. As a part of today’s launch, Spotify is introducing a range of new playlists made exclusively for South Korea. These playlists offer curated and the latest music from our team of Korean music experts, across some of the most popular genres. These include:  

These new playlists will join Spotify’s K-Pop genre hub that encompasses a wide range of Korean music, including K-pop, Hip Hop, Indie, OST, R&B and more, as well as ‘RADAR Korea’, a playlist uncovering fresh K-music finds and a part of Spotify’s global emerging artist program. The hub is localized in over 72 countries, including Russia, India, Brazil and the UAE.

 

In Korea, new listeners can try out Spotify Premium 7 days-free on their mobile phone with no credit card information and a total of 3 months-free with credit card information, if subscribed before the end of June 2021. Listeners can engage with Spotify across a wide range of devices and app integrations including Instagram, Facebook, Samsung mobile and TV, LG TV, Microsoft Xbox, Bose and more.

 

The Spotify app is available to download for both Premium Individual and Duo plans. To enjoy music the way you want it, download the Spotify app today via the Android or iOS app store or by heading to www.spotify.com/kr-ko/.

 

Click here for further imagery.

 

* According to IFPI (https://www.ifpi.org/wp-content/uploads/2020/07/Global_Music_Report-the_Industry_in_2019-en.pdf)

 

About Spotify Technology S.A.

 

Spotify transformed music listening forever when we launched in 2008. Our mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators.

 

Today, with over 60 million tracks and over 4 billion playlists, we are the world’s most popular audio streaming subscription service with a community of more than 320 million listeners across 93 markets.

 

We use our Investors and For the Record websites as well as other social media listed in the “Resources – Social Media” tab of our Investors website to disclose material company information. For more information, images, or to contact the press team, head over to https://newsroom.spotify.com/.

 


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