Get All Access for $5/mo

After Videos, Now Audio Streaming Giants Turn To Originals To Capture Indian OTT Market Music streaming platform Gaana announced the launch of its exclusive line-up of podcasts and shows

By Shreya Ganguly

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

d8nn / Shutterstock.com

With the increasing demand for OTT services and original content, music streaming-giant Gaana has announced the launch of its exclusive line-up of podcasts and shows. According to the company, this is a part of its aim to provide a diverse range of original audio content by the end of FY 2021.

For this segment, shows & podcasts in multiple languages across categories such as comedy, bollywood, devotional, news, kids, motivational, astrology, business, lifestyle, culture and self help will be available on the platform. According to the company, several shows including "Ummeed' with Zakir Khan, "Confessions' with Sunny Leone and "Life ki Ranneeti' with Rannvijay Singha will go live on Gaana within this month.

"Shows & Podcasts have the potential to be among the most popular mainstream non-music genres in our country owing to the diversity of our audience. At Gaana, we have been investing steadily in this space, and have now taken it up a notch with our Original Shows & Podcasts that would engage our users with interesting content that will inform, entertain and enthral them in more ways than one," said Gaana CEO Prashan Agarwal.

Competing With Spotify

With the launch of original podcasts, Gaana will be competing with Sweden-based music streaming giant Spotify. In November, media reports revealed that Spotify has launched India-focused podcast originals.

According to reports, Spotify is slated to launch its first three India focused original podcasts on December 3rd including cricket themed"22 Yarns with Gaurav Kapur', fiction thriller "Bhaskar Bose' narrated by RJ and actor Mantra, and "Love Aaj Kal' by Aastha & Ankit. The company has also announced that it will ensure better discovery of the content, data, and monetisation for the podcast creators.

Growth of OTT Space In India

Deeper penetration of the internet and smartphones have drastically changed the way content is being consumed . Video and audio content has moved from TV and radio to mobile phones and tablets.

According to a report by Redseer, the Indian OTT market is projected to grow 80 per cent from 170million in 2019 to 300 million by 2022. According to the PwC report, India is the world's third largest podcast market after the US and China

Video streaming companies such as ZEE, Netflix, Amazon Prime, Hotstar, and Voot is also looking to capture the market with originals. Recent reports revealed that Netflix India clocked in a revenue of INR 466.7 crore for FY19 with a net profit of INR 5.1 crore and original content for India has been a major factor behind this growth.

Shreya Ganguly

Former Features Writer

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.