The share price of Tips Music is trading higher by over 2% at Rs. 866 on the NSE, reflecting market excitement over the company’s latest announcement. Tips Music Limited, one of India’s leading music labels, has entered into a strategic partnership with TikTok, the globally popular short-form video platform, to expand its music library’s reach worldwide.
This direct partnership enables TikTok to host Tips Music’s extensive catalogue of over 31,000 songs, allowing global audiences to enjoy a wide variety of Indian music. Excluding China and India, the agreement caters to the growing appetite for Indian music among international users, including NRIs and expatriates. With genres ranging from Bollywood classics to regional hits, Tips Music aims to connect diverse cultures through its melodious offerings.
Kumar Taurani, Managing Director of Tips Music, emphasized the growing global demand for Indian music and its strong presence on TikTok. “Several TikTok trends showcase the increasing popularity of Indian music. This partnership marks a significant step in strengthening our global footprint and enhancing user engagement with our music,” said Taurani.
Tips Music is known for its rich legacy of blockbuster hits from the 90s and beyond, including iconic albums like Rangeela and Taal. By collaborating with a platform like TikTok, the company seamlessly blends traditional music roots with modern, digital outreach. The partnership aligns with its vision of making Indian music accessible and appealing to audiences worldwide.
Founded in 1988, Tips Music has become a household name in India’s music industry, credited with producing timeless hits and nurturing prominent artists. With an impressive catalogue that spans Bollywood and regional music, the company continues to lead the industry in creating and distributing high-quality music content.
Investors have welcomed this move, as reflected in the over 2% increase in Tips Music’s share price, trading at Rs. 866 on NSE. The strategic partnership not only enhances the company’s growth prospects but also strengthens its global presence.
With this collaboration, Tips Music reaffirms its commitment to bridging the gap between Indian music and global audiences. As the digital music landscape evolves, such partnerships are set to revolutionize how we experience music across borders.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Nov 25, 2024, 2:34 PM IST
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