Saregama acquires majority stake in India’s leading digital entertainment company Pocket Aces 

Aditi Shrivastava - Co-Founder and CEO, Pocket Aces
Saregama acquires majority stake in India’s leading digital entertainment company Pocket Aces

A new chapter in Saregama’s growth story commences with majority acquisition in a fast-growing digital  entertainment company Pocket Aces Pictures Private Limited, that owns direct relationship with 95M+  younger digital-first customers across Instagram, YouTube etc. Saregama will acquire 51.8% shares for ~Rs  174 crores with a clear path to further acquire another ~41% stake in next 15 months at pre-agreed multiples.  The transaction is an all-cash deal. 

This acquisi�on will further strengthen Saregama’s strategic ambi�on to take leadership posi�on in New  Music across all Indian languages.  

Pocket Aces, a Youth-focussed digital content creator and publisher, boasts of an IP catalog of over 3000  content pieces ranging across web series, sketches, music videos and reels on its channels FilterCopy,  Nutshell and Gobble, and releases over 30 new pieces of content every day. The company’s talent  management arm, Clout, manages over 100+ digital influencers, and its long-form studio, Dice Media, has  created relatable youth-centric web series across OTT platforms such as Netflix, Hotstar, and Amazon. 

Pocket Aces’ Revenue from Operations was Rs. 104 cr in FY23. Revenue has grown by 34% CAGR over the  last 4 years and is expected to grow even faster in future. 

Acquiring Pocket Aces will add on a whole new dimension of IP and a distribution network of over 95 million  followers, which Saregama will leverage to further popularize its music library among the 18-35 audience  segment. It will also create synergies across the artiste & influencer management and long-format video  creation businesses of the two companies. 

Avarna Jain, Vice Chairperson Saregama, said, “This acquisition signifies the confluence of tradition and  innovation. While we have always been leaders in the realm of music and media, this partnership with Pocket  Aces will add new dimensions to our business as we tap into the burgeoning young digital audiences.”