The Indian music industry is facing a major challenge with a significant loss of Rs 10,000 crore in the music licensing market. This loss is attributed to the lack of a robust music licensing system, which has led to a significant amount of royalty payments being unaccounted for. Hoopr, a music licensing platform, is working to address this issue by providing a platform for music creators to license their work and for businesses to access licensed music. The company aims to bridge the gap in the music licensing market and ensure that music creators receive fair compensation for their work. The music licensing market in India is estimated to be worth Rs 1,800 crore, but the actual revenue generated is much lower due to the lack of a proper licensing system. Hoopr is working to change this by providing a user-friendly platform for music licensing. The company has partnered with several music labels and independent artists to offer a wide range of licensed music to businesses. Hoopr’s platform allows businesses to search for and license music for various purposes, such as background scores for restaurants and cafes, music for advertisements, and music for events. The company is also working to educate music creators about the importance of licensing their work and the benefits of using a platform like Hoopr. Hoopr’s founders believe that the music licensing market in India has the potential to grow significantly if the right infrastructure is put in place. The company is working to create a robust music licensing ecosystem that benefits both music creators and businesses. Hoopr’s platform is designed to be user-friendly and efficient, allowing businesses to quickly and easily find and license the music they need. The company is also working to ensure that music creators receive fair compensation for their work, which will help to promote the growth of the music industry in India. The music licensing market in India is expected to grow significantly in the coming years, driven by the increasing demand for licensed music from businesses. Hoopr is well-positioned to capitalize on this growth and become a leading player in the music licensing market. The company’s focus on creating a robust music licensing ecosystem and promoting fair compensation for music creators is expected to have a positive impact on the music industry in India. Hoopr’s platform is also expected to help reduce the loss of revenue in the music licensing market, which will benefit both music creators and the industry as a whole. The company’s efforts to educate music creators about the importance of licensing their work and the benefits of using a platform like Hoopr are also expected to promote the growth of the music industry. Overall, Hoopr’s mission to bridge the gap in the music licensing market is expected to have a significant impact on the music industry in India and promote the growth of the industry. The company’s focus on creating a robust music licensing ecosystem and promoting fair compensation for music creators is expected to benefit both music creators and businesses. With the music licensing market in India expected to grow significantly in the coming years, Hoopr is well-positioned to become a leading player in the market. The company’s user-friendly platform and efficient licensing process are expected to make it a popular choice for businesses looking to license music. Hoopr’s partnership with music labels and independent artists is also expected to provide a wide range of licensed music to businesses, which will help to promote the growth of the music industry. In conclusion, Hoopr’s efforts to bridge the gap in the music licensing market are expected to have a significant impact on the music industry in India and promote the growth of the industry. The company’s focus on creating a robust music licensing ecosystem and promoting fair compensation for music creators is expected to benefit both music creators and businesses.