On Saregama's Music Store; Need For An Independent Aggregator; Meta Search For Music? |
| Published: December 10, 2007, 12:39 am |
| Tags: 239, 240, 497 |
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Saregama's online store has gone live, with an initial database of 40,000 songs. The tracks are priced at Rs. 12 each, and Saregama has plans to scale up to 4.76 million music tracks online, believed to be be India's biggest music archive. Mint adds that the company has digitized 300,000 songs and recordings since 2001; most importantly, 60 percent of Saregama's business is generated by the old repertoire. Apparently, Saregama has stopped bidding aggressively for new content, picking up just 10-15 percent of new music rights. This reduces financial risk, but conversely, Saregama also misses out on potential blockbusters. They'd focused more on distribution - retail stores and corporate clients - since it's owned by the RPG Group...but physical sales have been declining, hence the attempt at online play. The company's publishing income has gone up by 132 percent because of FM stations and mobile users. More at FE. I'd love to know how Saregama arrived at a pricing of Rs. 12/song. [ Full article ] |
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