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Saavn expecting to turn a profit next year

India-focused streaming service Saavn is projecting that it could turn a profit by the end of 2018. Co-founder and CEO Rishi Malhotra said that the company is slated to reach revenue between $18 million and $20 million this year. With just 22 million monthly active users, the platform has pursued a combination of niche content and geographic tiers that appears to be delivering success. Continue Reading

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Saavn, KKBox each announce live music integrations

Two streaming services operating out of Asia announced new integrations or partnerships that add a live music angle for their listeners. India-based streaming service Saavn announced plans for a series of live acoustic shows and musician interviews. KKBox, a music streaming service from Taiwan, has invested in ticket vending startup WalkieTicket and is now its largest institutional shareholder. This could be a new business trend for the streaming market. Continue Reading