Warner Music India Expands Into Live Entertainment With Strategic SkillBox Investment

Warner Music India Expands Into Live Entertainment With Strategic SkillBox Investment

By Marcus Hartley

November 18, 2024 at 02:05 AM

Warner Music India (WMI) has acquired a minority stake in SkillBox, a ticketing and live events platform, as part of Warner Music Group's strategy to expand in emerging markets.

Men standing against brick wall

Men standing against brick wall

The investment aligns with WMI's three-pronged growth strategy:

  • Bringing Indian music to global audiences
  • Establishing a major cultural presence in India
  • Securing a top-three market position in revenue and market share

SkillBox, founded by Amnol Kukreja and Sandip Ranjhan, has evolved from a ticketing platform into a comprehensive live entertainment company. The platform serves over 1.5 million users, offering:

  • Artist tours
  • Ticketing solutions
  • Branded event experiences
  • Community-driven events
  • Artist management
  • Live technology solutions

Jay Mehta, Managing Director of WMI, emphasizes that this investment supports their artist-first, fan-first approach while capitalizing on India's growing live entertainment market.

The partnership enables WMI to:

  • Expand artist services
  • Enhance technological capabilities
  • Create new revenue streams beyond traditional music sales
  • Connect artists with fans across India
  • Strengthen their position in the region's developing live entertainment space

This strategic move reflects Warner Music Group's broader focus on emerging markets, with CEO Robert Kyncl identifying India as a high-growth potential market for future expansion.

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