“Warner Music India’s vision is to be a top three music label in the country,” Jay Mehta, managing director, Warner Music India, told ET. Launched in March 2020, Warner Music India is a late entrant to the Indian music market which is worth Rs 2,100 crore, according to Statista. “For that to happen, we need to have a pan-India presence. Regional music is very important and within regional, South India is very important,” Mehta said, explaining the rationale behind stake acquisition in Divo.
