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Lytus Technologies enters the audio entertainment sector with the launch of Radio Room, India's first regional Audio OTT platform
Lytus Technologies PTV. .Lytus Technologies PTV. .(US:LYT) GlobeNewswire News Roomยท2024-06-20 13:48

Core Insights - Lytus Technologies has launched Radio Room, an audio streaming platform aimed at the Indian diaspora, offering diverse audio dramas across various genres [1][6] - The launch signifies Lytus' strategic entry into the audio OTT market, with plans to expand into original film and television content in multiple Indian languages [2][6] - Lytus aims to leverage its existing customer base of 4 million subscribers to rapidly scale Radio Room's operations and reach [3][7] Company Overview - Lytus Technologies is positioned as a forward-thinking platform services entity focused on technological innovation and enhancing user experiences [6][8] - The company emphasizes a customer-centric approach, continuously innovating to meet the evolving needs of its clients [3][8] Market Positioning - Radio Room is expected to become a significant player in the audio streaming sector, transforming audience engagement with digital content [2][7] - The platform plans to target a diverse audience by offering content in various Indian regional languages and expanding into international languages [7]