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Anjula Acharia is the founder and CEO of 5 Junction, a joint label with Warner Music Group focused on investing in South Asian artists in the U.S.
Anjula Acharia, founder and CEO of 5 Junction
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"That sounded crazy, to think we were 20 years too early, but now, 20 years later, with the explosion of people like Diljit Dosanjh and Karan Aujla ... there's all these South Asian acts that are coming here and really selling out, particularly in the live arena," Anjula Acharia told CNBC.
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According to the International Federation of the Phonographic Industry, global music revenues surpassed $30 billion in 2025.
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Spotify reported that streams of Indian artists in international markets grew more than 2,000% between 2019 and 2023.
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Nearly 50% of royalties from Indian artists on Spotify in 2024 were from listeners outside India.
Anjula Acharia, founder and CEO of 5 Junction
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"We're in a different time, and I think digitally things travel just so much faster," Anjula Acharia said.
Anjula Acharia, founder and CEO of 5 Junction
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"A lot of big hits were made with samples from Indian music, so it's been in the zeitgeist for a long time — it's just not been given a face," Anjula Acharia said.
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Warner Music Group held roughly 17% market share by distribution ownership in the U.S. as of the first quarter of 2026, according to Billboard.
Anjula Acharia, founder and CEO of 5 Junction
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"I think the business proposition is this global Indian fandom," Anjula Acharia said.
Anjula Acharia, founder and CEO of 5 Junction
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"How do we galvanize this audience and this fandom, and how do we serve it?" Anjula Acharia said.
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5 Junction represents singer and songwriter Rhea Raj.
Rhea Raj, singer and songwriter
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"We're seeing more artists at bigger festivals and at award shows, and I think the best of it's yet to come," Rhea Raj told CNBC.
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Rhea Raj got her start on "American Idol" nearly a decade ago.
Rhea Raj, singer and songwriter
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"South Asian music, it is so diverse, and within that, there are so many countries and regions and styles and things to break down and explore, and I just hope that as time goes on and we have more artists in the mainstream pop world, we'll get to see more and more pieces of that," Rhea Raj said.
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Karen Kwak is the executive vice president and head of artists and repertoire at Warner Records.
Karen Kwak, executive vice president and head of artists and repertoire at Warner Records
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Karen Kwak told CNBC that when she got into the music business, there were practically no other executives or artists who looked like her.
Karen Kwak, executive vice president and head of artists and repertoire at Warner Records
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"That is what is so great about the music world we live in today, is that everybody is embracing who they are, and I think youth all over the world, they want to see stars that look like them," Karen Kwak said.
Karen Kwak, executive vice president and head of artists and repertoire at Warner Records
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"It's a rabid fandom in India ... and it's exactly where we want to be," Karen Kwak said.
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Warner Records is focused on encouraging collaborations between South Asian musicians and popular American artists to help them break into the music scene.
Karen Kwak, executive vice president and head of artists and repertoire at Warner Records
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"It's really about building worlds, and yes, of course, we're going to continue investing [in South Asian talent]," Karen Kwak said.
Karen Kwak, executive vice president and head of artists and repertoire at Warner Records
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"It is what music is. We're changing and impacting and creating the new music culture," Karen Kwak said.
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Warner Records is investing in South Asian talent that spans multiple types of music, languages and audiences.
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The streaming era has helped Warner Records narrow its focus on the South Asian music business because it lowers the barriers to entry.
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Rhea Raj and her sister Lara Raj are members of the girl group Katseye.
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South Asian artists in the U.S. are building fan bases that span backgrounds and ethnicities.
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The South Asian music market in the U.S. has remained largely untapped.
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South Asian talent is making a case to investors as the next big business opportunity amid increasing globalization of music.
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The business around South Asian music in the U.S. is currently in a stage of experimentation, figuring out what works and how fan bases will evolve.
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Younger generations, especially in South Asia, are driving current music trends.
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