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Saregama and Tips reel as India music revenues slip 2 percent in 2024
Economy
Published on 24 April 2026
Streaming is no longer the full answer for labels
India’s music industry revenue fell 2% in 2024 to about INR 5,300 crore, leaving listed labels like Saregama and Tips Music under pressure as stocks dropped sharply. With streaming growth uneven, insiders are looking for new routes to revive demand and margins beyond playlists—yet the biggest question is what actually scales now.
- Music industry revenue slipped 2% in 2024 to INR 5,300 crore
- Saregama and Tips Music shares fell 3% to 18%
- ET Prime finds uncertainty as growth looks harder beyond streaming
- New avenues for labels are being explored to restore momentum
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times