Active Stocks
Tue Mar 19 2024 11:21:05
  1. Tata Consultancy Services share price
  2. 4,024.95 -2.89%
  1. Tata Steel share price
  2. 148.45 -0.77%
  1. Power Grid Corporation Of India share price
  2. 263.10 -0.72%
  1. NTPC share price
  2. 313.00 -1.31%
  1. HDFC Bank share price
  2. 1,449.95 0.26%
Business News/ News / India/  Streaming of audio grows nearly 40% in India in 2020
BackBack

Streaming of audio grows nearly 40% in India in 2020

People are multi-tasking, switching between household chores and professional engagements, to the sound of music
  • India’s audio streaming market is dominated by Gaana, with a 30% share, followed by JioSaavn (24%), Wynk Music (15%), Spotify (15%), Google Play Music (10%), and others (7%)
  • India’s audio streaming market is dominated by Gaana, with a 30% share, followed by JioSaavn (24%), Wynk Music (15%), Spotify (15%), Google Play Music . (Photo: Reuters)Premium
    India’s audio streaming market is dominated by Gaana, with a 30% share, followed by JioSaavn (24%), Wynk Music (15%), Spotify (15%), Google Play Music . (Photo: Reuters)

    Winced out of daily commutes, music has now emerged as the preferred stress-buster for the millions who are working from home, playing a therapeutic role for these multi-tasking times.

    Both the number of subscribers of audio streaming services and the time they spend listening have grown nearly 40% in 2020 across platforms, said Blaise Fernandes, president and chief executive officer of Indian Music Industry, the apex body of music companies and record labels.

    The soundtrack to the pandemic, going by industry executive accounts, looks eclectic: there’s the usual Bollywood film fare, but also, increasingly, K-pop and indie Indian. People are multi-tasking, switching between household chores and professional engagements, to the sound of music.

    Despite the absence of new Bollywood offerings, Indian film music continues to top the charts with artistes like Arijit Singh emerging among the most streamed singers. At the same time, indie music too has made significant inroads, with Jubin Nautiyal and Darshan Raval bringing out new songs this year.

    India’s audio streaming market is dominated by Gaana, the streaming service owned by Times Internet Ltd, with a 30% share, followed by JioSaavn (24%), Wynk Music (15%), Spotify (15%), Google Play Music (10%), and others (7%), according to a study by Kantar and audience measurement and analytics company VTION this January.

    “In the absence of new movie releases, non-film music has shown tremendous increase year-on-year," said Prashan Agarwal, CEO, Gaana. In 2019, 40% of Hindi top 100 charts comprises non-film songs, the figure has risen to 65% in 2020 with the number of independent artistes with more than a million plays of their songs on the service having registered a 70% increase y-o-y, Agarwal added.

    Amarjit Batra, managing director - India, Spotify admitted while the majority of India’s most-streamed songs on the service this year are from Bollywood, international and independent music have seen significant growth, reflecting India’s appetite for all kinds of music. For instance, 60% of the top 10 albums of 2020 on Spotify were by international artistes, with love for Korean pop music remaining consistent and K-pop band BTS making it to the top five artistes streamed in India on Spotify this year. On Gaana too, K-Pop has seen growth of 350% in 2020.

    “While Arijit Singh, Tanisk Bagchi, A. R. Rahman, Neha Kakkar, and Shreya Ghosal are the most streamed Indian artistes outside the country, among independent artistes, Prateek Kuhad, Ritviz, Nucleya, Lost Stories, and The F16s are most streamed abroad," Batra pointed out.

    Vikram Mehra, managing director at Saregama India Ltd, said while established artistes have been able to build on their fan base in 2020 by actively involving audiences in virtual sessions, newer singers have emerged.

    “Singers who were typically associated with film music had already started exploring avenues outside the film ecosystem in 2019. 2020, seemed to help build them in this direction further," said a JioSaavn spokesperson referring to singers like Jubin Nautiyal and Darshan Raval.

    Spotify’s Batra cited the example of Diljit Dosanjh whom Spotify collaborated with for his non-film album - G.O.A.T., to host a ‘Listening Party with Diljit’ on Twitter in July this year. Batra said this resulted in millions of streams from India as well as the US, UK, Canada, and Australia with G.O.A.T emerging as the only non-film, Indian album in this year’s top 10 albums on the platform in India.

    Apart from the rise of regional language music which now contributes 39% of all streams, up from 33% a year back across services, the lockdown also saw growth in specific playlists such as cleaning, home workouts, kids’ content and cooking. People developed relaxation and sleep rituals where audio has become an important part of the process. Specific activity based or 'intent music listening' is a habit that is here to stay, the JioSaavn spokesperson said.

    In India, during April-June, Spotify saw a 37% increase in listeners using the desktop version of the app, while there was a 55% increase in listeners using the app on their tablets. AdditionallyTV and gaming consoles listening grew in excess of 55% globally.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    ABOUT THE AUTHOR
    Lata Jha
    "Lata writes about the media and entertainment industry for Mint, focusing on everything from traditional film and TV to newer areas like video and audio streaming services. She loves movies and spends a lot of her free time watching them, which makes her job both fun and a bit of a challenge. Lata tries to find and write about things in the entertainment world that most people don't notice, even though a lot of people in her country are really into movies and entertainment news often just talks about the glamorous side of things. "
    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 15 Dec 2020, 03:16 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App