Saavn Media Private Limited, a subsidiary of Reliance Industries Limited (RIL), on Tuesday launched JioSaavn, South Asia’s largest streaming, entertainment and artist platform.
JioSaavn represents the official integration of JioMusic, India’s most popular music app, and Saavn, India’s leading global over-the-top platform. The new integrated app will be available across all App Stores, including the Jio app store, on JioPhone, as well as, at www.jio.com/jiosaavn.
As announced in March 2018, at the time of acquisition of Saavn by Reliance Industries Ltd, the implied valuation of the combined entity at over USD 1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world.
JioSaavn combines the streaming media expertise of Saavn with Jio’s digital services ecosystem. Jio is India’s
largest digital services network with over 252 million subscribers. The integrated app has a massive addressable
market opportunity both in India as well as for the Indian diaspora.