Music streaming

RIL-owned music streaming platform Saavn profit surged 3X in 2017

Music streaming app Saavn has recorded 3X surge in profit in the fiscal year ending December 2017. It has posted a revenue of Rs 45.9 crore in the calendar year 2017 (Jan to Dec), reveals RoC filings. The Indian entity of the company has recorded a profit (after tax) of Rs 3.22 crore as compared to 1.08 crore in CY16.