TV9 Network appoints Raktim Das as COO of Studio9
Raktim Das will be responsible for driving the convergence of TV & digital revenue function with focus on branded content innovation
TV9 Network today announced the appointment of Raktim Das as COO of Studio9. In his new role, Das will be responsible for driving the convergence of TV and digital revenue function, with focus on branded content innovation.
He has been mandated with setting up an independent profit centre that will design and monetize Web+TV custom content products across multiple language platforms. As per the statement shared by the network, Das will also be responsible for building talent relationships and strategic partnerships for nurturing new growth avenues.
In his previous assignment as Executive Cluster Head – Innovation Studio & Custom Content at Zee Entertainment, Das had set up the business and made it a significant revenue contributor to Zee Media Corporation. He also collaborated with leading brands to co-create many award-winning content campaigns.
Das’s media career features many success stories in organizations like the Times of India, India Today Group, Zee Media Corporation Limited, and Network18.
Commenting on the appointment, Barun Das, CEO, TV9 Network, said: “Studio9 is a concept which will enable the convergence of traditional TV & Digital in our network. Digital is the future – Hindi and regional news will certainly make a transition from traditional TV to the Web format. This convergence in the revenue field is of extreme importance. Studio9 will also work with clients to develop creative solutions for their communication challenge. Raktim is certainly the best in the industry to build it from scratch.”
Looking ahead, Barun Das said that he expects the way the M&E industry conducts its business to change drastically in the post-Covid world. “Those who will adapt to solution-driven models in business, with the infusion of right technology, will lead the revival. While the broader economic environment will be highly challenging, the television news industry will possibly be better off compared to other genres,” Barun Das pointed out.
Designed to be a self-sufficient, digital creative powerhouse, Studio9 will be a one-stop shop for marketers’ new-age communication needs. It will offer innovative business solutions to clients, design platform-agnostic content to weave brand stories and sustain meaningful conversations with consumers, curate television special shows, enable digital activations, and develop IPs that align with the marketing objectives of clients. In doing so, Studio9 will bring together some of the finest professionals in the industry with proven expertise of having created pioneering, benchmark-setting initiatives, and managing leading content platforms.
Commenting on his new assignment, Raktim Das said, “I am looking forward to be part of the TV9 family. I see a huge opportunity for growth in the language markets as nine out of every 10 new internet users in India are likely to be Indian language users. In the new normal, when we are all managing tight business situations, clients and agencies are looking for compelling solutions that are woven around smart innovation to enable purpose-driven, meaningful brand engagement. Ultimately, driving cross-screen engagement will provide the edge to brands.”
The network’s industry-beating performance, Barun Das added, had given it the confidence to give a big push to its digital plans, which so far had been modest. “I believe that video content across linear TV and digital platforms will converge before completely shifting to the digital model. Our digital business model will centre around 3Cs: Content, Context and Commerce. To me, the digital content business is as much a tech business. Technology is a differentiator and not an enabler. Then comes the ability to innovate as per changing viewers’ taste,” he said.
Prior to Raktim Das’s induction, the network had in June made some strategic leadership moves, including the promotion of President Sales Vikram K as COO South to drive the group’s flagship channels - TV9 Telugu and TV9 Kannada - while Amit Tripathi was brought on board from Network18 to serve as the new Chief Revenue Officer.
TV9 Network is India’s No. 1 News Network with more than 56 crore average weekly impressions as per the most recent data from television audience measurement body BARC.
The network comprises four regional language leaders in TV9 Telugu, TV9 Kannada, TV9 Marathi and TV9 Gujarati, and the national Hindi news channel, which has earned a place for itself in the league of the Top 5.
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