Zee Music Company, an arm of financially stretched Zee Entertainment, which has become Number 2 player within six years of entry into the otherwise monopolistic music industry, plans to add at least 1,000 songs this year despite the film industry remaining crippled by the coronavirus-induced lockdown.
The domestic music industry has for long been unorganised, controlled by a few legacy labels like T-Series, and is largely film-dependent except perhaps the Punjabi music industry that has plenty of independent music labels.
But, monopoly gave way to healthy completion in 2014 when the Subhash Chandra-led Zee Group entered the cluttered market.
Today, Zee Music claims to be the second-largest music label in the country with over 60 million YouTube viewers or streaming and the company plans to release 1,000 songs this year, having started with just two Bollywood studios.
Last year, it released around 900 songs.
“From starting off with just two film production houses, we have now become the second-most subscribed Indian music channel on YouTube, acquiring 55-60 per cent of Bollywood music annually,” the music label’s business head Anurag Bedi said.
Bedi said, “We intend to remain a strong Number 2, despite the massive disruptions to the film shooting following the coronavirus pandemic-driven nationwide lockdown.(PTI)
