Billion is passé; trillion the new baseline for Indian M&E industry: BCG-CII report

India's unique multimodal growth is twice that of China and 9X that of the US


Boston Consulting Group (BCG) and Confederation of Indian Industries (CII) has released a report, 'One Consumer, Many Interactions', that reimagines the media house of the future. The report highlights the massive, unparalleled change the media and entertainment industry is going through, with the exponential growth of media and type of content available creating a trillion customer touch points.

Speaking about the report, Sudhanshu Vats, Chairman, CII committee on Media & Entertainment and Group CEO Viacom 18 Media, India said, "This change is not the future but rather is here & now". He added, "This is an unparalleled situation even for an industry which has always been at the forefront of disruption. The industry will now need new answers, and will need them fast even on the most fundamental things like talent pool to run our companies, methodology for measuring the impact we are delivering to advertisers on our platforms"

According to the report, India's media consumption has been growing at 9% CAGR over the past six years, which is almost twice that of China and nine times that of the US. But there is still ample headroom for faster growth in the future. The report points to India's unique multimodal growth across all major media, which is unlike any of the other key markets.

Kanchan Samtani, Partner & Director, Boston Consulting Group India, elaborated upon this uniqueness: "India is one of the few countries in the world where we are witnessing most mediums growing hand in hand and we see this continuing in the foreseeable future. For example – video consumption on OTT is supplementing linear TV versus cannibalizing it."

This growth will fundamentally change the way media houses look and operate; the changes will range from rethinking the front end content involving format and language to reorganizing the back end with newer skill sets and partnership models. New age technologies like artificial intelligence and analytics are getting ingrained in each function of media operations. "The industry has to re-write many definitions and conventions on almost a daily basis. While the erstwhile, fixed prime time for TV for family in the evening remains, many new personal viewing occasions have come via OTT (over the top) screen consumption," observed Karishma Bhalla, Partner & Director, Boston Consulting Group India.

The report showcases real-life examples of successful new age media and entertainment companies and highlights the need for media houses to work closely with other stakeholders. In Samtani's view, "The media industry is leveraging technology at a very fast pace. We expect media companies to invest a significant amount of time and resources to create technical prowess as a key pillar of differentiation. Mr. Vats highlighted the call for action: "The questions are manifold but this is a tremendous opportunity for our industry to reimagine itself. We hope that this report helps our industry executives think through the imperatives and drive action."

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18th edition of India Today Conclave to be held on March 1 and 2

PM Narendra Modi to be key note speaker; other top politicians to include Nitin Gadkari, Piyush Goyal and P Chidambaram

india today

The eighteenth edition of the India Today Conclave will host a range of debates and discussions on a range of issues over March 1 and 2 in New Delhi.

Prime Minister Narendra Modi is the key note speaker at the Conclave and is likely to speak on the India Story under him.  
Aroon Purie, Chairman and Editor-in-Chief of the India Today Group, said, “We are honored to have Prime Minister Modi as the keynote speaker at the India Today Conclave. As India heads towards a major election, it will be a privilege to hear him assess his term and spell out his vision for India at the Conclave.”

The two days will witness national and international minds converge and deliberate on issues across a spectrum of topics. While Boris Johnson — Brexit leaver, politician, historian, journalist — will explain his choices and why the lessons from Brexit are significant for India in a session titled The Devil & the Deep: Bitter cocktails from Brexit; Nitin Gadkari, Union Minister for Road Transport & Highways, Shipping & Water Resources, River Development and Ganga Rejuvenation will speak on his roadmap for the BJP’s political success in the session, ‘My Way. And the Highway’.  

Piyush Goyal, Interim Finance Minister and P Chidambaram, Former Finance Minister are expected to feature in back-to-back sessions in which they will present their assessment of the economy and election promises in front of a common jury of eminent economists and experts. The session is titled Split Wide Open: What ails the Indian economy?

Bollywood stars Ranveer Singh and Kangana Ranaut will not only add glamour to the event but reveal personal insights and what makes them both so unique and individualistic in an industry built on PR images.  Ranveer Singh will be speaking on his 7 deadly sins while Kangana Ranaut will be speaking on creativity, kicking ass and rewriting the rules of being a woman in a session titled #BreakingBad. 

The two days will also see an impressive range of  politicians, thinkers, economists, analysts, sports stars and artists who will deliberate, debate and decipher the conclave theme of Hard Choices in their respective spheres.

Zee management in talks with investors: Sources

Comcast and Sony making bids to acquire promoter stake


Zee’s top management has been in talks with investors for a stake sale, media reports have said.

Comcast and Sony are reportedly vying to acquire a promoter stake and their bids are likely to be nearly Rs 540-560 per share.

Promoters of Zee may also enter into an exclusive binding agreement this week, reports said.

In an interview to a leading business newspaper last week, ZEE CEO Punit Goenka reportedly said that US companies were at the “forefront” for the stake sale.  Sony Pictures and Comcast were the two names doing the rounds even then.

Tags Zee

TrendLoud bags top honour at Talentrack Awards 2019

This is another award in the digital agency’s kitty


Chennai’s premier digital agency, TrendLoud hit another milestone, claiming an honour at the Talent Track Awards in Mumbai on Friday. 
They have won a certification of their production efforts in Tamil web series Door No. 403 and an award in the Best Web Series – Regional category with a Special Jury mention for their prowess in the field. 

The third edition of Talentrack Awards received participation from over 500 industry players, including major names like Viu, Zee5, Hotstar, Voot, ALT Balaji, SonyLIV, Warner Bros and TVF apart from other digital-content industry players. 

Amongst such elite company, TrendLoud’s fifth original web series, Door No. 403 won the Best Web Series - Regional (Special Jury Mention) award.
CEO of TrendLoud Mr Chidambaram said, “At this moment, would like to thank TalentTrack, Ernest & Young and other Jury members for this award. It's indeed a great motivation for us to produce many more quality originals in the coming years”. He also thanked Viu for the association in producing this series. 

“Thanks to Vishal for his guidance and support. Door No. 403 remains special to us - it was our fifth production and now we have grown and have rolled out our tenth series,” he said.  The Chennai-based company’s web series stood tall in a talent pool comprising of Amazon's Mirzapur which won a silver & Netflix's highly-acclaimed Scared Games, which won gold.

With another accolade in their kitty, TrendLoud is now looking into developing more interesting concepts and aiming at more such recognitions like this in the coming years.

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Independent Committee clears Russell Barrett of sexual misconduct allegations

BBH Global issues statement saying no evidence was found to support accusations against Barrett, Chief Creative Officer & Managing Partner, BBH India 


BBH Global has issued a statement saying that an investigation has cleared Russell Barrett, Chief Creative Officer & Managing Partner, BBH India, of allegations of sexual harassment.

The statement said: 
"A few weeks ago, unsubstantiated allegations of sexual harassment were published online by a #MeToo campaigner about Russell Barrett, Chief Creative Officer & Managing Partner, BBH India. Given the serious nature of the allegations and our zero tolerance policy towards any form of harassment in the workplace, we immediately began an investigation.

A thorough investigation was conducted by an Independent Committee and found no evidence of misconduct whatsoever. The Committee has fully cleared Russell Barrett of the allegations and any misconduct.

BBH strongly believes in providing a safe, fair and just working environment to all our employees without exception."

MIB to hold conference of its media units on Feb 13

The opening session of the conference will be chaired by Col. Rajyavardhan Rathore, Union Minister of State (IC), Information & Broadcasting and Youth Affairs & Sports


The Ministry of Information & Broadcasting (MIB) is organising the first Annual Conference of Media Units under it on February 13, 2019. The event will be held at Vigyan Bhawan, New Delhi. 

The opening session of the conference will be chaired by Col. Rajyavardhan Rathore, Union Minister of State (IC), Information & Broadcasting and Youth Affairs & Sports.
The ministry in a statement said that the conference aims to give a unique platform to the officers of the Indian Information Service working under different media units to converge at an All-India level where they can discuss and deliberate upon the emerging areas of the evolving communication paradigm. 

Through the conference, the ministry aims to strengthen synergy between the media units in order to ensure last-mile delivery, while simultaneously brainstorm the use of new technology in communication.
The participants will also discuss the ways of using social media to reach target audience groups and push the boundaries of communication outreach in terms of geographical and cultural barriers.

India’s ad investment to reach estimated Rs 80,678cr this year: GroupM adex forecast 

As per the GroupM report ‘This Year, Next Year’, India tops the list as the fastest growing major ad market in the world


GroupM, the media investment group of WPP, has announced their advertising expenditure (adex) forecasts for 2019.  

As per the GroupM futures report ‘This Year, Next Year’ (TYNY) 2019, India tops the list as the fastest growing major ad market in the world. TYNY forecasts India’s advertising investment to reach an estimated Rs 80,678 crore this year. 

This represents strong estimated growth of 14 per cent for 2019 (approx. 2x of the GDP growth). 

India will be the third highest contributor to the incremental ad spends, only behind China and the US and the tenth fastest growing country with respect to ad spends across the globe.  

The Cricket World Cup and Elections in 2019 are expected to boost ad spends. FMCG, Auto, Retail, e-commerce, Tech/Telecom are expected to contribute to two-thirds of the Adex.

Speaking on the TYNY 2019 report, Sam Singh, CEO - GroupM South Asia said, “While we are estimating the global advertising expenditure to grow at 3.6%, India would be witnessing the fastest growth at 14% and reach an estimated Rs.80,578 crores. This would be approximately 2x of the estimated GDP growth in India. This also makes India the 3rd largest adex growth to the worldwide ad spends. We expect sustained and stable media investment growth across categories in India”

This year 37% of incremental ad spends will go towards digital advertising including mobile. The scale at which we are witnessing this digital transformation, GroupM estimates the Digital Adex to continue to grow by 30% in 2019 to Rs 16,038 crore.  

Prasanth Kumar, Chief Operating Officer - GroupM South Asia said, “Indian ad spends CAGR between 2014-2018 is at 13% and 2019 expected to witness a higher growth. India is unique among key markets and will witness growth in all media segments and not just digital. Offline media is poised to continue to grow and will contribute to being around 80% of ad spends in 2019.” 

Television will continue to grow at a steady pace. This year, the growth rate for TV is estimated to be 15%. 
Print is estimated to grow by 2.2% and the share of print to all media is expected to be at 23%. While it is expected for both English and regional languages to grow, regional will see slightly higher growth. Vernacular will continue to thrive on both TV and print.

This year, Radio is expected to grow at 15% which is higher than the last couple of years. Cinema will grow at 25% in 2019, as 2018 saw more titles winning audience at the box office. In 2019, GroupM expects cinema to shift from title-based advertising to continued advertising through the year. Lower tax on cinema tickets is expected to drive more footfalls to theatres. 

Tushar Vyas, President Growth and Transformation - GroupM South Asia said, “With the surge of technology, better insights and relevant engagement across different platforms, we are expecting marketers to build superior consumer connections for brands. 2019 will witness a faster growth in digital and we are expecting digital to be at 20% media mix. As we are witnessing one in every three Indians digitally connected, we can expect the convergence of data, digital and content to deliver seamless and powerful solutions to brands as well as constantly adding inventive practices into the market.” 

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Sun TV Network Ltd’s revenues up 32% for quarter ended Dec 31

Subscription Revenues for the quarter was up 24% at Rs 349.6 crore as against Rs 281.8 crore for the corresponding quarter in 2017

sun tv

Sun TV Network Limited’s revenues for the quarter ended December 2018 was up by 32 per cent at Rs 904.45 crore, as against Rs 683.28 crore for the corresponding quarter in 2017. 

The total income for the quarter ended December 31, 2018, was also higher by 34 per cent at Rs 956.04 crore as against Rs 712.39 crore for the corresponding quarter ended December 31, 2017. 

The Subscription Revenues for the quarter was up by 24 per cent at Rs 349.60 crore as against Rs 281.82 crore for the corresponding quarter ended in 2017. 

The Profit Before Taxes for the quarter ended December 31, 2018, also was higher by 33 per cent at Rs 542 crore as against Rs 406.63 crore for the corresponding quarter ended  in 2017. 

Sun TV Network Limited’s profit after taxes for the current quarter grew by 32% at Rs 351.33 crore as against Rs 266.97 crore for the corresponding quarter ended December 31, 2017. 

After accounting for the other comprehensive income (net of taxes), the Total Comprehensive Income for the quarter ended December 31, 2018, was up 32% at Rs 351.39 crore as against Rs 267.03 crore for the corresponding quarter ended in 2017. 

The Earnings Per Share for the current quarter grew by 32% at Rs 8.92 as against Rs 6.77 for the corresponding quarter ended December 31, 2017. 
At the Board Meeting, the Board of Directors have declared an Interim Dividend of Rs  2.50 per share (50%) on a face value of Rs 5.00 per share. 

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Namma Bengaluru Awards enters 10th edition

NBA is one of a kind non-partisan awards function that seeks to recognise Bengaluru's unsung heroes

Namma bengluru

Every day all of our lives are shaped by individuals doing great things – often behind the scenes, or away from the glare of publicity. People are the key to making our society and communities the special place that they are. So, what could be better than to choose some of them for a recognition with Namma Bengaluru Awards (NBA).
Namma Bengaluru Awards is one of a kind non-partisan awards function that seeks to recognise the city’s unsung heroes, who brave all odds to make Bengaluru a better city.

The award is unique because Bengaluru’s citizens play a crucial role in nominating worthy individuals. An esteemed panel of jury comprising some of the city’s leading personalities and urban experts will deliberate and choose winners for the categories of: Citizen of the Year, Rising Star of the Year, Media Person of the Year, Social Entrepreneur of the Year, Government Official of the Year. 

These awards also carry a cash prize. Another point about the awards is that the jury chooses the 'Namma Bengalurean of the Year' from the list of winners from different categories.

In addition to recognising the city’s heroes, the objective of the awards is to motivate both winners and Bengalureans to strive and work to better the city and the lives of people living here.

Talking about the 10-year journey, Suresh N R – Founder/Managing trustee on Namma Bengaluru Awards Trust, said, “Over the last 9 years, each story has been an inspiration and has also enthused several concerned citizens to work towards the betterment of our city. With a positive change in our hearts and a holistic future for Bengaluru in our minds, we hope the Namma Bengaluru Awards (NBA), 2019, recognises several such heroes.” 

“The award has recognised and celebrated efforts of the change makers in Bengaluru and so far has received 2,58,468 nominations and recognized 87 unsung heroes out of the 261 finalists in these nine years,” Suresh added.

Speaking about the brand refreshment NBA has undergone, Suresh said: “Owing to the growing popularity of NBA, we have decided to create the Namma Bengaluru Awards Trust in our pursuit to recognize, honour and celebrate the efforts of individuals nominated by Bengalureans. The awards this year are being presented with a new logo and a new tag line ‘My City My Heroes’ to encourage Bengalureans to nominate their heroes.”

Eminent jury panel of 2019 NBA

Jury members consisted of leading individuals in their respective fields, humanitarians and experts in policy, some of whom have been with the awards since its inception in 2009.

Shri Ramesh Arvind is the ambassador of NBA and has made a comeback to the awards after a sabbatical of 8 years (one of the juries in 2010). 

The other jury members for the 10th edition of the awards are— Pradeep Kar, Chairman and Managing Director, Microland, Ashwini Mahesh, Founder, Social Technology Firm, MapUnity, Dr. Vishal Rao, Oncology Surgeon, Sanjay Prabhu Director, ANMEL, V Ravichandar, Chairman, Feedback Consulting, CN Kumar, Chairman, Advantage Offshore Knowledge Services, Jishnu Dasgupta, Musician and Marketing consultant, NS Mukunda, Founding President, Citizens’ Action Forum, S Vishwanath, Water Conservation Expert,  Sajan Poovayya, Senior Advocate, Supreme Court of India, Sudarshan Ballal, Chairman, Manipal Group of Hospitals,  Tara Anooradha, Cine Artist, G Manjusainath, Senior Correspondent - Press Trust of India, DS Rajashekar, Past President - Citizen Action Forum, Anita Reddy, Founder Trustee, AVAS

Nominations this year were accepted by either of the following: -

•    Online submissions by visiting –

•    Nomination forms from - Fill the details of your hero and send the forms by post to Namma Bengaluru Awards Trust, Ground Floor, #54, Richmond Road, Bengaluru – 560025 so that the nomination forms reach us by February 28, 2019.


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I&B Ministry and CII to set up India Pavilion at Berlin International Film Festival

Festival that takes place between February 7 and February 10 will have a government delegation of senior officials at the India Pavilion

Ministry of information and broadcasting

The I&B ministry has collaborated with CII is setting up an India Pavilion at the 69th Berlin International Film Festival.

While Indian cinema has been going places in terms of increased viewership and box office collections, the government is putting its best foot forward to promote the industry internationally. 

The festival that takes place between February 7 and February 10 will have a government delegation of senior officials at the India Pavilion. 

The sole motive of the delegation is to popularise Indian cinema in the overseas market and facilitate new business opportunities through facilitating co-production treaties. The Information and Broadcasting officers would also be looking at promoting cinematic tourism and audio visual services in India through the pavilion at the film festival.

The pavilion would also promote the upcoming International Film Festival of India's golden jubilee year. A delegation will meet officials of Venice International Film Festival and Cannes Film Festival among others.

The India Pavilion will be showcasing Indian films, hosting topical events and providing a platform for Indian filmmakers and producers to market Indian films with international territories and engage in co-production discussions.

The festival has an interesting line-up of Indian films that would be showcased. Udita Bhargavas Dust will have its world premiere at the Berlin International Film Festival 2019. Zoya Akhtar's ‘Gully Boy’ and Rima Das's ‘Bulbul Can Sing’ are some of the other films to be watched out for.

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Beating predictions, Walt Disney Co. reports profit in first quarter

Disney has said that its profit in the quarter has come to $1.84 a share


Proving predictions wrong, Walt Disney Co. has reported first-quarter sales and reported gains in the company's broadcast division, as per media reports.

Disney has said that its profit in the quarter has come to $1.84 a share, going against the $1.54 a share that analysts had predicted. 

ESPN+ its direct-to-consumer service has been reported to have more than 2 million paid subscribers. This is more than double where it was five months ago.

The profit in cable TV, led by ESPN Sports Network, has gone down to 6 per cent. ABC's earnings have gone up by 40 per cent.

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