News

Recent coverage and official press releases.

Press Releases · Apr 8, ’19

JioSaavn’s Programmatic Audio Inventory Now Available on Google’s DV360 in India

JioSaavn’s programmatic audio inventory is now available on Google’s Demand Side Platform (DSP) – Display & Video 360 (formerly known as DoubleClick Bid Manager), adding all-new dynamics to the digital advertising gameplay in India. India registered about 150 million music streaming users at the end of 2018, paving the way for programmatic audio[af1] in the…

Coverage

JioSaavn only Indian company to make it to ’50 Most Innovative Companies’ list

India-based global audio and music streaming service JioSaavn on Friday announced that it has secured the first rank India-wise and 28th rank globally in the 2019 list of "50 Most Innovative Companies"...

Business Standard Feb 22, ’19
Coverage

#1 in India & #28 in the World – Fast Company’s “Most Innovative Companies 2019”

"...to achieve scale in India you need local advantage,” says JioSaavn CEO Rishi Malhotra...

Fast Company Feb 19, ’19
Coverage

How the Battle for the Indian Streaming Market Will Heat Up in 2019

"It is absolutely a game changer," said Paramdeep Singh, co-founder and executive vice chairman at JioSaavn, told Billboard over a Skype call recently. "We are anticipating that we'll add tens of millions of new users on top of the existing base of Saavn and JioMusic every month. Right now, we're projecting north of 100 million monthly active users on JioSaavn at the end of Q1. We're planning to leverage the growth of the Jio network, and their ecosystem at large, to be able to drive a lot of these users."

Billboard Jan 2, ’19
Press Releases · Dec 4, ’18

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

New integrated platform now available across all App stores and at jio.com/JioSaavn With a catalog of more than 45 million songs and award-winning original content, JioSaavn brings users a wide-ranging audio experience Current JioMusic and Saavn users to migrate to the integrated JioSaavn platform Jio subscribers would enjoy seamless access to the integrated app December 4,…

Coverage

Leading Indian Streaming Services Saavn and JioMusic to Form Country’s Biggest Music Platform

Two of India's leading digital music services, Saavn and JioMusic, have joined forces in a bid to grow their global reach and take on the giants of the streaming sector...

Billboard Mar 27, ’18
Coverage

Reliance JioMusic to combine Saavn with itself in $1 billion-plus deal

Reliance Industries Limited, India’s petroleum-to-entertainment conglomerate, has struck a definitive agreement to combine music-streaming business Saavn, with its own digital music service, JioMusic, the companies said in their respective press statements on Friday...

Forbes Mar 23, ’18
Coverage

Saavn to merge with RIL’s JioMusic

Combined entity will have a valuation of over $1 billion with JioMusic’s implied valuation at $670 million...

Fortune India Mar 23, ’18
Press Releases · Mar 23, ’18

Integration of JioMusic and Saavn in a Transaction Valued at Over US $1 Billion

Reliance Industries Limited announces strategic transaction with Saavn to form India’s largest platform for music, media, and artists. Integration of JioMusic and Saavn in a transaction valued at over US $1 Billion. Reliance to further invest up to US $100 Million for growth. Saavn founders to drive growth of the combined entity. Mumbai, India and…