Maverick Records CEO Guy Oseary joins Saavn as investor and partner

NEW DELHI: Legendary record executive, investor, talent manager, and CEO of Maverick Records Guy Oseary is joining entertainment streaming service Saavn as a partner and investor.

Oseary’s career in the entertainment industry spans decades of achievement. At Maverick Records, he led the label to sales of over 100 million records, worldwide. His Maverick Films oversaw the Twilight movie series for a combined gross of more than $2 billion in global sales.

In addition to working with Madonna for over 25 years, Oseary works alongside some of the best managers in the music business, representing some of the world’s greatest artists, including U2, Miley Cyrus, Britney Spears, Paul McCartney, Nicki Minaj, Jason Aldean, Fifth Harmony, G-Eazy, and the Weeknd.

As an investor and partner in Saavn, Oseary will help the company continue to build a robust platform for streaming entertainment in India. With a foundation of more than 20 million music tracks, streaming to 196 countries in 13 languages, Saavn claimed its uniquely localized approach has established a new, effective model for international streaming entertainment.

Oseary said: “I have been a big supporter and investor in music streaming for years. Saavn is the leading music service in one of the world’s largest and most dynamic markets. Many artists would love for their music to reach India’s over one billion residents. From the time I’ve been in the music business, that process has always been too complicated; now, through Saavn, it is finally possible to have a true local partner in India that gets it, and will work hand-in-hand with artists and their managers. I’m very impressed by Rishi’s vision and his exciting plans for Saavn moving forward.”

Saavn’s disruptive business model, built around a native mobile advertising platform, fast-growing subscription base, and partnerships with leading mobile carriers, demonstrates a sustainable way forward for the streaming industry, while its original programming initiative is introducing Indian audiences to new modes of premium audio content never before heard in the country. In a region that has traditionally seen music and film consumed simultaneously, Saavn is into OTT distribution of new music and original programming for the millennial generation.

Saavn CEO and Co-founder Rishi Malhotra said: “As we continue to evolve Saavn into the first stop for streaming entertainment in India, we focus on marrying the best content with the best mobile products. Our global perspective and local approach has enabled us to create a powerful streaming economy in India. Guy and I are developing unique artist collaborations for Saavn and we’re honoured to have him as a partner and investor. Guy has incredible instincts across entertainment and media. He understands that we are not building the Spotify or Pandora of India. We are building Saavn in India, for India, and we’re thrilled to work with him to build the company for the long term.”

Latest Reads

Voot to stream Big Boss's 'Unseen Undekha' videos

Viacom18's OTT platform, Voot, will showcase exclusive content of its reality show Bigg Boss 10. The on-demand destination has developed a special space called Unseen Undekha wherein users can stream videos of any celebrity or commoner of their choice from inside the house anytime.

iWorld Over The Top Services
IoT is risk to networks; Netflix, PayPal, Twitter and Amazon temporarily shut in cyber attack

MUMBAI: Nobody is safe until everybody is safe, it is said. The most hyped and happening currency in the world of communication as well as the best weaponry in the wireless world -- the Internet -- was under attack. Cyber attackers can DDoS (Distributed denial of service) for a range of purposes,...

iWorld e-commerce
Interconnect tussle: Vodafone, Airtel, Idea may move court against proposed Rs 3,000-cr penalty

MUMBAI: The Telecom Regulatory Authority of India (TRAI) plans to impose a heavy penalty on three major telecom operators for failing to provide adequate interconnectivity to RJio even as operators attempted to comply with the rules. Jio had written to the TRAI seeking action against incumbent...

iWorld Telecom
How broadcasters can use Facebook better?

MUMBAI: Facebook’s daily active user base in India clocked a whopping 22 per cent growth rate by the second quarter of 2016, which is much higher than the 17 per cent growth rate the social media giant enjoys globally. Naturally, addressing its India-only usage and the issues concerning it is of...

iWorld Social Media
How to make your content viral?

MUMBAI: How often do we hear the term ‘viral’? From the germination of an idea to its execution, the only target people want to achieve is making it go viral. Be it a concept or a new initiative, grabbing the maximum number of eyeballs or reaching out to the masses remains the crucial part.

iWorld Social Media
Culture Machine launches digital channel Om Bhajan Bhakti

Culture Machine has launched its new digital brand on devotion and spirituality, titled "Om Bhajan Bhakti". The channel explores the spiritual and devotional space by providing unique experiences and learning to viewers.

iWorld Video On Demand
Welcome offer lands Reliance Jio in 4G speed soup

Even as Reliance Retail today launched 4G F1, the first device under the LYF brand outside the four elements branding, Reliance Jio seems to have received a setback with TRAI declaring its speed to be the poorest among five telecom operators. LYF F1 has been launched with advanced 4G for Reliance...

iWorld Telecom
Vodafone India announces roaming free from Diwali

Vodafone India, one of India’s leading telecom service providers, has announced free incoming calls while roaming nationally for all its customers. Starting this Diwali, all Vodafone India customers, travelling anywhere in the country, can continue to talk worry free without having to cut short...

iWorld Telecom
Facebook updates architecture for India's next billion coming online

GURGAON:  "We (Facebook) are now launching a new architecture so you can see less grey boxes, and more relevant stories quickly, regardless of your network connection. This new architecture of News Feed allows stories to be ranked on the client after being sent from the server. We avoid spinners...

iWorld Social Media

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories