With this, ShareChat inks first collaboration in the music licensing space.
Sharechat and T-Series partner up for a music licensing deal
ShareChat, an Indian homegrown social media app, has signed a licensing deal with T-Series, India’s largest music label, for licensing its music catalogue on its platforms that will give its users access to thousands of songs for video creation. With this partnership, ShareChat inks first collaboration in the music licensing space.
This partnership will enable more than 180 million active users on ShareChat and Moj to explore songs from the T-Series music library.
Berges Y Malu, Director of ShareChat, said, “Music brings out the best of emotions and nostalgia to our users as they share their creativity on our platform. Our partnership with T-Series would help our community of users to access thousands of songs from the T-Series catalogue on ShareChat and Moj.”
We are delighted to partner with ShareChat, and this association sets a fresh beginning between us & the social media platforms, and we commend ShareCHat for respecting the copyrights. Bhushan Kumar, Managing Director at T-Series, stated, “Its great to see ShareChat agree with our philosophy.”
Neeraj Kalyan, President at T-Series, added, “Everyone needs to respect the copyrights and use our copyright content through proper licensing arrangements. Social media platforms need to keep working together with the music rights owners and evolve together towards a collaborative environment.”
According to reports, ShareChat is also in talks with Google & Microsoft for a deal that could ramp up its valuation to over $1billion, from current $650billion.
