Amazon Prime Music

Globally, it now has 217 Mn monthly active users

Spotify reported total revenue of €1.511 Bn

Spotify had launched its services in India on February 27

Amazon also announced the net sales of $59.7 Bn in Q1 2019

Net sales include $4.3 Bn from subscription services

Amazon also introduced one-day prime delivery

Amazon already has Prime Music in India, as part of its Prime subscription bundle

The free music streaming service will be offers with Amazon Echo devices

Spotify and YouTube Music launched in India earlier this year to great market reception

Growing user interest in Spotify may be a major factor behind this aim

The development comes at a time when the central government has been focusing on promoting domestic tech players

Spotify has been looking to launch its operations in India since March 2018

Spotify has reportedly secured deals with Indian music companies

Will face tough competition from foreign and local players

Spotify has already hired top executives for India launch

Audible services are available on a 30-day trial for all users and a 90-day trial for the prime members

Amazon said that the service is still available in beta in India

At present, Indian users will have access to more than 200K audiobooks

Times Bridge will guide Smule to help it engage in the multilingual music culture

Smule also plans on increasing its exposure in the Indian digital music market

This investment deal is the third investment by Times Bridge this year

Important Indian Startup News Stories Of The Week [26-31 March 2018]

Amazon Prime Music Will Now Stream Music From Lahari Music, Muzik 247 And The Indian Performing Right Society

With This, Reliance Is Also Acquiring A Partial Stake In Saavn From Its Existing Shareholders For $104 Mn

The Company Has Leased An Office Space In Mumbai And Has Also Hired The Head Of Indian Market Operations

Important Indian Startup News Stories Of The Week [26 Feb-03 Mar 2018]