International music is another potentially lucrative off-shoot. According to Suresh Thangiah, managing director, EMI Music India, 70% of his catalogue reaches out to the 12-25 age group. “Our research indicates that music and discovery of new music is a big part of their existence,” he says. The passion for music, adds an EMI study, is as high as 8.5 out of 10, with an average of 39 hours each week devoted just to listening to music.
In fact, international music makes up 70% of EMI’s catalogue. Concerts are another big front for business. When electronic music star David Guetta, a huge draw in the 16-24 years age segment, played at concerts in Delhi, Pune and Bengaluru in March this year, “We had 30,000 fans attending the shows,” says Thangiah. Tickets priced at ₹2,000 per head were sold out, the fans were well-behaved, and 700,000 people who live in India ‘liked’ David Guetta on Facebook. “The music preference for Indian youth has become multi-genre and multi-cultural with both social media and television getting us across to a larger audience.”