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Saavn and JioMusic merge into JioSaavn, valued at $1 Billion

Reliance Industries Ltd has merged its two music streaming service — JioMusic and Saavn into one, months after RIL bought Saavn for $104 million and said that it would be merging the two. The new app is called JioSaavn (no surprises there) and is downloadable on all app stores, including the Jio app store and JioPhone. JioSaavn is valued at over $1 billion, said the company in a statement. JioSaavn will roll out features such as lyrics, concerts and live events, and video over the next few months. The service is offered in a freemium model where basic services are available for free with advertisements, while other features have to be paid for. Jio users would get a 90-day free trial of JioSaavn Pro, the paid service. Paid plans are offered for 1 day, 7 days, 1 month, 3 months, 6 months and 1 year. The monthly plan costs Rs 99, similar to the subscription prices of most music streaming services for monthly plans, including Google Play Music, Hungama, and Amazon Music. The annual plan on JioSaavn costs Rs 999. JioSaavn features content from 14 India languages, including Rajasthani, Haryanvi, Punjabi, Tamil, Telugu, Kannada, Malayalam, Assamese and Odia, among others. It is also available on the website. Saavn was always available on a website, but JioMusic was tied down to a Jio phone number and could not be downloaded on another operator number. Like Saavn, JioSaavn will continue to feature original programming and Artist Originals. Under Original Programming, Saavn featured podcasts such as 'NoFilterNeha'…

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