Saavn Media, a subsidiary of Reliance Industries, launched JioSaavn, South Asia's largest streaming, entertainment and artist platform. JioSaavn represents the official integration of JioMusic, India's most popular music app, and Saavn, India's leading global over-the-top platform.
As announced in March 2018 at the time of acquisition of Saavn by Reliance Industries, the implied valuation of the combined entity at over US$1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world.
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