MUMBAI: Spotify<\/a>, the music streaming service, is in the final stages of negotiations with top Indian labels T-Series<\/a>, Times Music, Eros Music and Zee Music for local content as it prepares to enter the country in six months, top industry executives told ET. 孟买:Spotify音乐流媒体服务,在与印度的谈判的最后阶段标签扬,乘以音乐,厄洛斯的音乐和Zee音乐本地内容,准备在6个月内入境,行业高管告诉等。
One of the most popular music apps in Europe and the Americas, Spotify<\/a> recently added 13 countries in the Middle East and North Africa to expand its global presence to 78 markets as of November 14. The company’s plan to enter India through an acquisition failed after those talks collapsed.
In its second attempt, Stockholm based Spotify is going solo and has hired over 300 employees in India, including former Olx India CEO Amarjit Singh Batra as country head, and has taken up a large office space in Mumbai. Batra did not respond to ET’s text messages and calls seeking a response till press time.
In its earlier attempt, Spotify could not get Indian labels to share their music, a senior music industry executive told ET.
“India is very different… and here you can’t run a music service without T-Series<\/a>. So far, they have had only small labels, so a launch was difficult,” the person said on condition of anonymity.
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T-Series is close to signing a deal with Spotify, Bhushan Kumar<\/a>, managing director of T-Series, told ET. “We are in the final stages of negotiations for a two-year deal. Our music will be available in the international markets on Spotify in the first quarter and later in India, when they launch here,” Kumar said.
Times Music has an international deal with Spotify and is in talks for an agreement on India, COO Mandar Thakur said. Times Music is a part of the Times Group<\/a>, which publishes The Economic Times and owns music streaming service Gaana. “We are in active negotiations for India with them. As and when (Spotify) launch in India, we are hopeful to be available,” Thakur said.
Executives at Eros International and Zee Music confirmed that talks are on with Spotify.
Daniel Ek<\/a>, cofounder of Spotify, told investors in March that the company is working on launching in “some of the biggest markets” including India, Russia and Africa.
Industry experts said the Indian market will be tough for Spotify as it is already dominated by services including Gaana, which passed 75 million users this year, Saavn<\/a>, Hungama, Airtel-owned Wynk and global services Apple Music<\/a>, Google Play<\/a> and Amazon Music<\/a>.
Spotify has 87 million paid subscribers and its monthly active users grew 28% to 191 million at the end of the third quarter, of which 109 million were ad-supported. It posted an operating loss of € 6 million in Q3 on revenue of € 1.35 billion
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最受欢迎的音乐应用在欧洲和美洲,Spotify最近增加了13个国家在中东和北非地区扩大其全球影响力,78年11月14日的市场。该公司计划通过收购失败后进入印度这些谈判破裂。
在其第二次尝试,斯德哥尔摩Spotify独奏,雇佣了超过300名员工在印度,包括前Olx印度首席执行官特·辛格巴特拉头,并在孟买的一个大型办公空间。巴特拉没有回应ET的短信和电话寻求反应直到截稿时间。
“印度有很大的不同…这里你不能音乐服务没有运行扬。到目前为止,他们只小标签,所以发射是困难的,“这个人不愿透露姓名的说。
扬和Spotify接近签订协议,Bhushan库马尔董事总经理扬告诉ET。“我们在谈判的最后阶段为期两年的协议。我们的音乐可以在国际市场上Spotify在第一季度,后来在印度,当他们发布在这里,”Kumar说。
*音乐国际处理Spotify和是印度在谈判一项协议,首席运营官都Thakur说。*音乐的一部分《纽约时报》集团出版《经济时报》并拥有Gaana音乐流媒体服务。“我们正在积极与他们谈判对印度。当(Spotify)在印度推出,Thakur说:“我们希望可用。
厄洛斯国际和Zee的高管和Spotify音乐证实谈判。
丹尼尔•埃克3月,Spotify,告诉投资者,公司正在着手建立“一些最大的市场”包括印度、俄罗斯和非洲。
业内专家表示,印度市场对Spotify将是艰难的,因为这已经是由服务,包括Gaana今年超过7500万用户,Saavn、Hungama Airtel-owned Wynk和全球服务苹果的音乐,谷歌玩和亚马逊的音乐。
Spotify 8700万付费用户,其月度活跃用户增长了28%,1.91亿年第三季度末,其中1.09亿是广告支持。该公司公布的营业亏损在13.5亿年第三季度营收为€€600万
MUMBAI: Spotify<\/a>, the music streaming service, is in the final stages of negotiations with top Indian labels T-Series<\/a>, Times Music, Eros Music and Zee Music for local content as it prepares to enter the country in six months, top industry executives told ET.
One of the most popular music apps in Europe and the Americas, Spotify<\/a> recently added 13 countries in the Middle East and North Africa to expand its global presence to 78 markets as of November 14. The company’s plan to enter India through an acquisition failed after those talks collapsed.
In its second attempt, Stockholm based Spotify is going solo and has hired over 300 employees in India, including former Olx India CEO Amarjit Singh Batra as country head, and has taken up a large office space in Mumbai. Batra did not respond to ET’s text messages and calls seeking a response till press time.
In its earlier attempt, Spotify could not get Indian labels to share their music, a senior music industry executive told ET.
“India is very different… and here you can’t run a music service without T-Series<\/a>. So far, they have had only small labels, so a launch was difficult,” the person said on condition of anonymity.
\n
T-Series is close to signing a deal with Spotify, Bhushan Kumar<\/a>, managing director of T-Series, told ET. “We are in the final stages of negotiations for a two-year deal. Our music will be available in the international markets on Spotify in the first quarter and later in India, when they launch here,” Kumar said.
Times Music has an international deal with Spotify and is in talks for an agreement on India, COO Mandar Thakur said. Times Music is a part of the Times Group<\/a>, which publishes The Economic Times and owns music streaming service Gaana. “We are in active negotiations for India with them. As and when (Spotify) launch in India, we are hopeful to be available,” Thakur said.
Executives at Eros International and Zee Music confirmed that talks are on with Spotify.
Daniel Ek<\/a>, cofounder of Spotify, told investors in March that the company is working on launching in “some of the biggest markets” including India, Russia and Africa.
Industry experts said the Indian market will be tough for Spotify as it is already dominated by services including Gaana, which passed 75 million users this year, Saavn<\/a>, Hungama, Airtel-owned Wynk and global services Apple Music<\/a>, Google Play<\/a> and Amazon Music<\/a>.
Spotify has 87 million paid subscribers and its monthly active users grew 28% to 191 million at the end of the third quarter, of which 109 million were ad-supported. It posted an operating loss of € 6 million in Q3 on revenue of € 1.35 billion
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