Saavn, India’s answer to Spotify, has just raised $100 million in funding from VCs and plans to use the cash to build out its music-streaming offering. Saavn’s music catalogue has tracks from 900 labels and boasts music in 11 languages. Hindi accounts for 65% of Saavn listening, English 15% and Punjabi 5%.
India will have 236 million mobile Internet users by 2016, up from 159 million at end-2014, according to a new study, India On The Go – Mobile Internet Vision 2015 from the Internet and Mobile Association of India and KPMG. The research also forecasts 314 million mobile Net users by 2017.
Views of branded content from the leading 100 brands on YouTube have almost doubled over the past 12 months, while brand channel subscriptions are up 47% year-on-year. And according to research from YouTube and Pixability, brands are now actively managing their channels, with Interbrand Top 100 brands collectively uploading a video to the platform every 18.5 minutes.
Start-up watch: Not only has Flipagram just completed a $70 million funding round, but the short-form, visual storytelling outfit has also snagged a series of licensing deals with the likes of Universal Music, Sony Music, Warner Music, Merlin and The Orchard, along with Sony/ATV Music Publishing, Universal Music Publishing Group and BMG. The new agreements will enable consumers to deploy millions of music clips in their Flipagrams.
IC tomorrow has launched a £210,000 contest to find the UK’s virtual and augmented reality innovators, with start-ups and small business able to apply for funding to trial ideas across areas including music, retail, healthcare, education, construction and tactile technology. Six winners will also get to partner with industry leaders including Columbia Records, Crossrail, John Lewis, Pearson, Queen Mary University of London with Enteric HTC and Royal London Hospital, and King’s College London with Konica Minolta and Ericsson.
Chile, Australia and the US stand out as countries with particularly good conditions for female entrepreneurs relative to their per capita GDP, while Singapore, Saudi Arabia and Iran all have relatively unfavourable conditions, according to the 2015 Female Entrepreneurship Index. The report also finds that European nations tend to have better conditions for entrepreneurship than would be expected from their per capita GDP, while Sub-Saharan Africa and MENA countries on average score worse than would be expected.
Music tourism generated £3.1 billion in spending in the UK last year, as 9.5 million music tourists attended live music events. And there were more than half-a-million overseas music tourists visiting the UK, a demographic which has spiked 39% since 2011. The average spend by and overseas music tourist in the UK? That would be over £750, according to UK Music’s Wish You Were Here 2015 report.
Coca-Cola’s German distributor Coca-Cola Erfrischungsgetränke is rolling out the brand’s GetHappy smartphone and tablet app out for small restaurants in a dozen cities in Germany, enabling them to post their menus and prices online. The idea is that this will enable them to better compete with larger establishments. Participants will have to pay a $20-plus fee a month for the service, along with a cut of order a delivery charges. Eateries can also lean on an in-app feature from Salesforce so that they can operate a digital loyalty card programme.