Mumbai, Dec 4 (IEEntertainment) Saavn Media Private Limited, a subsidiary of Reliance Industries Limited (RIL), on Tuesday launched JioSaavn, South Asia’s largest streaming, entertainment and artist platform.
JioSaavn represents the official integration of JioMusic, India’s most popular music app, and Saavn, India’s leading global over-the-top platform. The new integrated app will be available across all App Stores, including the Jio app store, on JioPhone, as well as, at www.jio.com/jiosaavn.
As announced in March 2018, at the time of acquisition of Saavn by Reliance Industries Ltd, the implied valuation of the combined entity at over USD 1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world.
JioSaavn combines the streaming media expertise of Saavn with Jio’s digital services ecosystem. Jio is India’s
largest digital services network with over 252 million subscribers. The integrated app has a massive addressable
market opportunity both in India as well as for the Indian diaspora.
With the integrated JioSaavn app, users can expect a suite of new in-app products and music experiences, including an interactive lyrics feature, localized vernacular display,custom integrations with concerts and live events, as well as exclusive video content to roll out over the next few months.
The service will be offered on a freemium model in India with all users having access to the ad-supported product.
Jio subscribers would enjoy seamless access to the integrated app. Additionally, as part of this launch, Jio
users will also get a 90-day extended free trial of JioSaavn Pro, the streaming service’s premium product.
Speaking on the launch of JioSaavn, Akash Ambani, Director, Reliance Jio, said, “JioSaavn represents a turning point for the music streaming industry in India, as the country continues to experience accelerated tech innovation, rapid adoption of digital services, and a digital music industry at par with global leaders. Powered by Jio’s advanced digital services infrastructure and complemented by its widespread user base, JioSaavn will be the largest streaming platform in India.”