iWorld
Audio streaming platform Eshtory readies for an aggressive push
MUMBAI: Even as many a player is rushing into the video streaming platform space, here’s one which is stepping into audio streaming. Called Eshtory, it is founded by former MyFM CEO Harrish Bhatia, radio vet Viplove Gupte, and sales vet Nilesh Kadam. At some stage or the other the trio was employed at MyFM, which was a part of the Dainik Bhaskar group.
Funding has come their way through strategic investments from Abhijit Realtors founder Abhijit Majumdar and Radio Orange CEO Inu Majumdar, who has also taken on the position of chairperson of OrangeGlobal Stories, the firm behind Eshtory.
Eshtory’s logo was unveiled by minister for road transport and highways Nitin Gadkari in Nagpur recently. Scheduled for launch in January 2025, the app promises to offer listeners a seamless and immersive experience with original, high-quality, compelling narratives. Beyond entertainment, the platform will serve as a hub for homegrown storytellers, showcasing regional tales to global audiences and fostering a vibrant ecosystem of creative talent, says the company.
OrangeGlobal Stories co-founder Bhatia pointed out that the team is not just building a platform, it is flagging off a movement. He expounded: “We are united by a shared vision to celebrate the boundless power of imagination and creativity. In a fast-paced world, stories have the power to inspire, entertain, and connect. Through Eshtory our mission is to transform storytelling into an immersive experience, delivering original fiction that resonates across cultures and geographies. We aim to redefine how stories are told and experienced. We aim to bring voices from every corner of the world to light, offering narratives that are original, fresh, and unforgettable.”
The company says it has kept aside a marketing and digital promotion war chest of $36 million to be spent over the next three years to build up its user base. This strategic allocation aims to enhance the platform’s reach and engagement via, large-scale brand awareness, advanced digital strategies, targeted ad campaigns and tailored content promotion.
They will need all the muscle power they can muster. The Indian audio streaming marketing is teeming with competition with the likes of Audible from Amazon, Pocket FM, Kuku FM, Pratilipi among others. But the good part is the global audio storytelling market is expected to grow to $53.46 billion by 2032, with strong contributions from emerging markets like India and rapid growth in the Asia-Pacific region. In India, the convergence of affordable data, widespread smartphone penetration, and evolving consumer preferences has propelled the audio OTT sector into a high-growth trajectory.
Amid this momentum, the company says, it is uniquely positioned to fill critical gaps in the market. By prioritising quality and originality, the platform says, it will stand apart in a space often dominated by tech-driven approaches, offering listeners a reimagined storytelling experience that caters to both local and global audiences. With India emerging as a creative hub for diverse storytelling, OrangeGlobal Stories seeks to redefine the audio landscape by showcasing compelling narratives that resonate across cultures and geographies. .
Added OrangeGlobal Stories chairperson Majumdar: “As an ardent enthusiast of audio entertainment and the only female CEO leading a radio channel in India, I am incredibly confident that the team will be able to redefine the storytelling experience. OrangeGlobal Stories is not just a platform but a testament to our commitment to delivering the finest audio content that resonates deeply with listeners.”
Now, it’s up to the audience to listen.
Gaming
Sony raises PS5 prices for second time in under a year
US disc edition jumps $100 to $649.99 as memory costs surge.
MUMBAI: Sony just hit the pause button on affordable gaming because when memory prices skyrocket, even the Playstation has to pay the premium. Sony has announced its second price increase for the Playstation 5 range in less than a year, citing pressures in the global economic landscape and a sharp rise in memory component costs driven by AI demand.
In the US, the PS5 disc edition will rise from $549.99 to $649.99, a $100 hike while the digital edition increases to $599.99. The more powerful PS5 Pro will jump $150 to $899.99. The Playstation Portal remote player will also rise by $50 to $249.99. The new prices take effect on 2 April 2026.
Similar increases have been applied in the UK (£90 per model), Europe and Japan. Sony last raised PS5 prices in the US in August 2025.
“We know that price changes impact our community, and after careful evaluation, we found this was a necessary step to ensure we can continue delivering innovative, high-quality gaming experiences to players worldwide,” Sony said in a blog post.
The hikes come amid an unprecedented surge in memory prices, as manufacturers prioritise supply for AI data centres. Analysts say Sony had likely secured price protections for components that have now expired, forcing the company to protect its hardware margins.
Ampere Analysis research director of games Piers Harding-Rolls told CNBC that further increases from Microsoft and Nintendo would not be surprising, though Nintendo may hesitate to raise the price of its recently launched Switch 2 while establishing the new platform.
The increases arrive eight months before the highly anticipated release of GTA 6, which is expected to drive strong console sales. However, early reactions online have been a mix of disappointment and resignation, with growing concern that premium gaming is increasingly becoming a hobby for higher-income players.
In a sector already grappling with tariffs, inflation and component shortages, Sony’s move underscores a tough reality: even the most popular consoles are not immune to the rising cost of keeping up with the latest technology.
