March 4, 2024
Audio leisure app Pocket FM on Thursday stated it has put aside Rs 250 crore for writers who will contribute to its platform in 2024. The corporate stated that the highest 10 writers on its platform have been capable of earn over Rs 2 crore in the course of the present 12 months. Pocket FM Cofounder and CEO Rohan Nayak stated that the audio sequence as a class has been instrumental for writers, enabling them to share their tales with thousands and thousands internationally.

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“Hundreds of writers are becoming a member of our group on daily basis, impressed by the success tales of present writers, turning us right into a launchpad for storytellers by way of audio sequence.

“To assist and reward our writers, we have now put aside a Writers’ Fund of Rs 250 crore for the writers group, making certain they keep financially motivated of their inventive journey,” Nayak stated in an announcement. It has doubled its audio sequence catalogue to finish the 12 months with over 2,000 titles, the corporate stated.

It added that “17 audio sequence surpassed 100 million performs, whereas 40 titles exceeded 50 million performs. By way of income, 13 audio sequence surpassed the Rs 10 crore mark, and 25 sequence achieved Rs 5 crore in collections. Insta Millionaire turned out to be a mega-blockbuster with Rs 100 crore income collections.”

Uncover the tales of your curiosity

Pocket FM stated that it has exceeded 75 billion minutes of streaming, with a mean month-to-month streaming of over 6 billion minutes. The listener group has crossed 130 million throughout the globe. It has registered over 20 million transactions in 2023, closing the 12 months with 2.5 million month-to-month transactions, the assertion stated.

“In 2023, the highest genres have been Drama, Romance, and Sci-Fi & Fantasy. Males confirmed a choice for Drama sequence, whereas females exhibited a larger curiosity in Romance. Surprisingly, each genders demonstrated equal pleasure for Sci-Fi and Fantasy sequence consumption,” it stated.

Delhi-NCR, Mumbai and Bengaluru turned out to be essentially the most lively cities for Pocket FM, with over 5 billion minutes being streamed right here.

Rising cities like Jaipur, Lucknow, Surat and Pune additionally ranked in Pocket FM’s Prime 10 Indian cities for 2023, it stated.