The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Sega is pursuing an effort to expand into the broader entertainment business. That has led the company to invest in Flutin, an Indian music-discovery startup service. Flutin uses data to surface new musical artists based on various factors. This is important for Sega, because indie music is especially popular in Japan.
With Sega as a partner, Flutin will work to reach out to more music fans. Streaming music is growing in popularity in India, and the app wants to continue to grow in its home territory. But it also wants to establish the app in markets like the United States and Japan.
“Investing in Flutin is part of Sega’s effort to advance into the music industry,” Flutin founder and chief executive Vishu Gupta said in a statement. “They believe in us because of the approach we are taking in supporting emerging musicians and providing them substantial tools to grow their fanbase.”
Gupta says that 63% of Japanese music revenue comes from indie artists.
Three top investment pros open up about what it takes to get your video game funded.
“Sega understands that this will be reflected globally in a few years,” said Gupta. “They believe that platforms like Flutin that support emerging artists and help surface new talent in the industry are going to play a vital role in the next wave of change in the music industry.”
Sega says this is all part of its current strategy of approaching entertainment with a broad view. It wants to seek investment opportunities within and beyond video games.
“In markets like India and in areas like streaming music and music-based mobile apps, we see a great potential for growth and innovation,” Sega investment boss Toshihisa Kiyomiya said. “Which is why we’re excited to support Flutin as it continues to create value for musicians and music lovers worldwide.”
GamesBeatGamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
- Newsletters, such as DeanBeat
- The wonderful, educational, and fun speakers at our events
- Networking opportunities
- Special members-only interviews, chats, and "open office" events with GamesBeat staff
- Chatting with community members, GamesBeat staff, and other guests in our Discord
- And maybe even a fun prize or two
- Introductions to like-minded parties