Vodafone Idea to Launch a New Music Streaming App, Hints Towards Partnerships

Vodafone Idea, which is the largest telecom operator in the country boasting of a massive subscriber base will now be launching a new music streaming application. With only three prominent players in the industry, the companies are looking at different avenues to generate cash flow. Notably, the other two players, Bharti Airtel and Reliance Jio claim to have successful music streaming applications under their banner. While Airtel has the fairly popular Wynk Music app, Reliance Jio has acquired Saavn which boasts of millions of subscribers. On the other hand, the Idea Music app does not put up a strong front. To compete better in this segment, Vodafone Idea will be introducing a new music streaming application and will be discontinuing its Idea Music app.

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Competition Imminent from JioSaavn and Wynk Music

From the subscribers’ retention and revenue point of view, this will be a significant move on Vodafone Idea’s part. The new service will not only generate revenue but will also drive data consumption. As per a Livemint report, Balesh Sharma, CEO of the merged entity said, “We are sunsetting the Idea Music app, and we will come up very soon with an offering that will provide the best-in-class music streaming services, through a partnership that we are in the final stages of closing.”

Sharma also added that music streaming is a significant segment for the company and it would be on the forefronts about it. He also said that Vodafone Idea would work on it through partnerships. Idea Music has more than 3 million songs from across the country and from international artists as well. When the new music streaming service is launched by Vodafone Idea, it will see significant competition from Wynk music which already has 100 million users. On the other hand, Reliance Jio’s JioSaavn is claimed to be the largest streaming, entertainment, and artist platform in South Asia. There are also some other players like Google Play Music, Apple Music and with Spotify planning to enter the Indian market in March, the competition might further heat up.