JetSynthesys to invest Rs 200 Cr in Indian entertainment sector; inks exclusive strategic partnership with Warner Music.
- ByAyushi Ray | September 30, 2021
Multinational entertainment company JetSynthesys to invest Rs 200 Cr in Indian entertainment sector; inks exclusive strategic partnership with Warner Music. With this association, JetSynthesys becomes WMG’s official India partner for all things related to music label licensing and acquisition, artist management, event management, original content creation across music, short videos and films, along with mobile gaming and esports.Additionally, JetSynthesys, which has a global foray in gaming, digital entertainment, and interest-based social community platforms, will invest Rs 200 crores into the Indian entertainment sector over the next three years to further strengthen its foothold in the space.
Speaking about the development, Perez-Soto Alfonso Javier, President of Emerging Markets, Warner Music Group, said in a press note, “India is one of the strongest emerging markets globally when it comes to entertainment, across formats and verticals. Valued at around Rs 15 billion in 2020, the Indian music industry itself is estimated to reach Rs 23 billion by the end of 2023 according to recent industry reports. He added, “JetSynthesys has shown remarkable growth in the last few years, especially in gaming, esports, and digital products and platforms. They have a keen understanding of the Indian market, also bringing incredible creativity and technical proficiency to the table, and we couldn’t have asked for a better partner to strengthen our foray into the country.”
Follow Startup Story
Related Posts
