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Indian music streaming services JioMusic and Saavn will merge

Merged company to be valued at $1 billion

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Reliance Industries (RIL) has inked a deal to combine over-the-top (OTT) music platform Saavn with its own digital music service JioMusic in a transaction worth over US$ 1 billion, the oil-to-telecom behemoth said in a statement on Friday.

The combined entity is valued at over US$ 1 billion, with JioMusic’s implied valuation of US$ 670 million, the statement added. RIL said that it will also invest up to US$ 100 million, out of which US$ 20 million will be invested upfront for growth and expansion of the platform into one of the largest streaming services in the world.

JioMusic will also acquire a partial stake from existing shareholders of Saavn for US$ 104 million. Shareholders of Saavn include Tiger Global Management, Liberty Media, and Bertelsmann, among others.

The three co-founders of Saavn — Rishi Malhotra, Paramdeep Singh and Vinodh Bhat — will continue in their leadership roles and will drive the growth of the combined entity.

“The integrated business will be developed into a media platform of the future with global reach, cross-border original content, independent artist marketplace, consolidated data, and one of the largest mobile advertising media,” Reliance said.

JioMusic currently has over 16 million HD songs in 20 languages. Saavn, on the other hand, has been around much longer than JioMusic and features 36 million tracks across 15 languages, with over 900 existing music label partnerships.

The deal comes at a time when music listeners in India are warming up to a palette of streaming services available in the country, including Gaana, Wynk, Saavn, Apple Music, Google Play, and now Amazon Prime Music. The number of music streaming users in India has more than tripled since 2015 to 87.6 million, according to an EY India report. The Jio-Saavn deal comes weeks after rival Gaana announced a US$ 115 million investment in a funding round led by China’s Tencent Holdings.

RIL launched its LTE mobile network operations under Jio in 2016. By November 2017, it accounted for a 14.5 percent share of India’s wireless telecom market for the second quarter of the year.

Apps

Canva adds new features for presentations on the go

Responsive presentations anytime, anywhere

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Having a well-designed document goes a long way in engaging your audience. That’s where Canva comes in, simplifying the creation of well-thought documents, posters, and more. Now, Canva is adding more features which would delight presenters on the go.

The first feature is responsive presentation — users can now create presentations on their laptops and view it on their mobile devices. Presentations adapt to different screens, so the days of fussing over the right screen size is over. Plus, users can edit and view presentations made with Canva anywhere, anytime.

The second feature is presentations playlist, which would suit well for team presentations. With this feature, teams can create accessible spaces for collaboration through shared folders. This feature also builds a single coherent event with transitional slides introducing each speaker.

Lastly, there is live Q&A, which Canva will add to its mobile apps soon. Audiences will be able to participate in from any device and have the option to send in questions anonymously. This should enable a more dynamic and engaging presentation with audiences.

With over a thousand designer-made templates, 50 million premium images and videos, Canva makes it easier to create beautiful documents, posters, and graphic materials. It is available on the web, on Android, and iOS devices. Users can sign up today for a free tier, with a premium tier also available to unlock more features.

SEE ALSO: 10 free apps to improve your Instagram stories

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Spotify releases the 2019 wrapped, here’s how you can see it

Find out your guilty music pleasures

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Every December, Spotify releases the much-awaited “Spotify Wrapped,” where users find out their top songs of the year. Since this year and this decade is ending, Spotify added a different twist in this year’s wrap-up.

The 2019 Wrapped will include songs, albums, artists, and podcasts you listened to throughout the year, and the artists you listened to the most throughout the decade. When I saw my wrap-up, I found it funny how I listen to the same songs every year. Spotify knows what songs we obsess over.

Furthermore, Spotify highlights the places where your top artists hail from through a world map. Additionally, podcasts are added to the “Wrapped” experience.

Spotify Wrapped 2019 showcasing your top artist of the year.

Spotify users, particularly those who were subscribed to a premium subscription, get a personalized recap, too. Some insights include a user’s top artist every year and the number of minutes they streamed music throughout the decade. Premium users also get info on the artist they vibed most with this year.

Luckily, your personalized info can be shared through Instagram, Twitter, Snapchat, or Facebook. To access your “Spotify Wrapped,” make sure to update your Spotify app and open it or head to Spotify.com/wrapped. Enjoy looking back!

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Lazada launches ‘digital giving’ platform LazadaForGood

Spread the love, not just for the holidays

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Lazada’s 12.12 Grand Year End Sale is just around the corner but the company is also giving you another option to spend your hard-earned cash. It’s one that will give you warm fuzzy feelings inside.

Launched alongside the announcement of their massive year-end sale, Lazada partnered with 11 local and international advocacy partners: Habitat for Humanity, Young Focus, Caritas Manila, MovEd, UNHCR, HEro Foundation Inc., UNICEF, WWF, Tahanan ng Pagmamahal, HOPE, and CCEF.

The digital giving platform won’t just be available for Christmas, it will be a permanent fixture on the Lazada app. This means you can give love 24/7 and 365 days a year.

To donate, simply open the Lazada app, hit Load, Bills, & eCoupon, then click on Donation. The list of the advocacy partners will be there.

Lazada’s 12.12 Grand Year End Sale

Of course, we can’t forget the grand year end sale is indeed happening. Up to 90 percent off on more than 12 million deals will be available. Expect great offers and discounts from Xiaomi, Olay, FitFlop, Pampers, Hydro Flask, Wyeth, LEGO, Apple, Jansport, Coocaa, Tefal, and Reebok.

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