Potential of the media industry is untapped and humongous: K Madhavan

Madhavan, Chairman of CII National Committee on Media & Entertainment and Managing Director, Star & Disney India, delivered the Valedictory Session at the CII Big Picture Summit on Friday

e4m by exchange4media Staff
Published: Dec 18, 2020 5:52 PM  | 4 min read
K Madhavan

K Madhavan, Chairman CII National Committee on Media & Entertainment and Managing Director, Star & Disney India, delivered the Valedictory Session at the CII Big Picture Summit on Friday.

Here’s the complete speech:

Good afternoon, and welcome to the closing ceremony of the exciting Big Picture Summit. This 9th edition, held virtually over the last three days, has seen a great number of exciting discussions, from leaders in the industry, policy-makers, and knowledge experts.

This summit’s theme – Big to Bigger – highlights the possibilities of the Media and Entertainment industry which is currently only about 1% of the country’s GDP. As I mentioned earlier, the industry has the potential to grow from $24 Bn to 100 Billion by 2030, which is what our vision is and our target should be. The potential of the media industry is untapped and humongous.

We are in the business of entertaining viewers, our audiences. The audience demand for entertainment has never been changed – is only going up. But only the mode of distribution has changed. The television penetration in this country is only 70% - i.e. we have 300 Mn households and even today barely 200 million households are connected to TV. That is another positive thing for the industry, 1/3rd of the market is still away from the television.  Television and streaming ARPUs in India remain much lower compared to developed markets. Out of 1.2 Bn mobile phones, only half of them are smartphones – i.e. 600 Million. Mobile phones act today as personal screens and play a major role in content consumption. The number of screens has gone up dramatically from 200 mn to 600 Mn screens, and it is growing.

On the film industry – it  was passing through a critical phase. It suffered in theatrical revenue in 2020, but they grew in digital and non-linear space, which is expected to grow at 30% CAGR in the coming two years. The film industry has to take full advantage of new forms of distribution, to expand to new markets. For example, Hollywood has been earning almost 50% of its theatrical revenues from outside the United States. Whereas In India, it is just 10-12%. Our content must be created with a global appeal for global audiences and distributed around the world.

The Print sector still accounts for nearly 20,000 cr rupees of advertisements, as part of its overall 30,000 cr of revenue. In the last few years, growth in Print has come from the regional markets, where the focus is on local and hyper-local news. Across the world, reputed publishers in the print space have expanded their operations to podcasts, online apps, and other extensions – all run on a subscription model. In India, there has recently been a rise in subscription-only journalism, especially online.

Technology is no longer just an enabler for delivering content, but it can play an essential role in the content itself. Artificial Intelligence can take the consumer experience to the next level – whether in gaming or simply in personalized recommendations for what consumers should watch. Interactive games could be the future of education – especially now that most children are learning from home.

Animation and visual effects are also at an inflection point. India has less than 10% of the global market share in VFX and animation, despite costs being almost 1/5th of developed markets. An effort in creating a skilled production base and offering incentives will help India capture a larger share of the growing global market.

The most important point, which I mentioned in our opening remarks, is that we need light-touch regulation. The industry needs to be able to experiment with content and technology, needs to be able to invest in growth – for which you need huge support of capital. The regulatory framework has to be supportive to grow the sector. We hope that through continued discussion and collaboration with the policymakers, we will be able to fully implement the principles of ‘Ease of Doing Business’

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Shobhna Yadav quits ABP News

Yadav started her career with India TV in 2003

By exchange4media Staff | Jan 27, 2023 5:26 PM   |   1 min read

Shobhna Yadav

Shobhna Yadav who was associated with ABP News and face of some of the most popular evening shows on the channel has quit.

Highly placed sources have confirmed this development.

It is worth mentioning that in the last 40 days, several major steps have been taken to strengthen the editorial and managerial staff of the channel. It is also learnt that the cost efficiency and KRAs of the people working in the organisation are also being assessed and accordingly decisions are being taken.

Yadav started her career with India TV in 2003. She has also produced a bollywood film ‘Dear Maya’ in  2017 in which Manisha Koirala played the lead role.

The popular bollywood film ‘Batla House’ is based on the real life story of Shobhna Yadav and her husband Sanjeev Kumar Yadav who is a nine time gallantry award recipient.






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Gunjan Taneja quits WION as VP & Head of Global Sales

Taneja joined WION in August 2020

By Ruhail Amin | Jan 27, 2023 1:45 PM   |   1 min read

Gunjan Taneja

Gunjan Taneja, Vice President and Head of Global Sales WION has stepped down from her role.

Taneja confirmed this development to e4m. She joined WION in August 2020 and was associated with the channel till Novemeber 2022.

Prior to joining WION, Taneja was Sales Director at Republic World for over three years. She has also served two stints at NDTV and worked with Aidem Ventures and Zee Media in the past.

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Zee Media’s Daiba Pradeep Roy joins Mitwa TV as National Sales Head

Roy has more than 21 years of experience in media sales.

By exchange4media Staff | Jan 27, 2023 12:00 PM   |   1 min read

Daiba Pradeep Roy

Daiba Pradeep Roy who was the National Sales Accounts Head with Zee Media Corporation has joined Mitwa TV as National Sales Head.

Mitwa TV is a new age subscription free premium OTT platform for 45+ Crore audiences spread across Hindi Heartland. Roy will lead the sales team nationally and be responsible for revenue generation at MitwaTV.

A veteran media professional, Daiba has more than 21 years of experience in media sales. Prior to his tenure in ZMCL, Pradeep was heading the Business Team, at ETV a Subsidiary of Network 18 Media, where he was designated as Business Head.

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‘GEC genre ad volume went up in 2022’

According to a TAM AdEx report, 2022 saw GEC claiming the highest share, 28.5%, in overall TV ad volumes since 2018

By exchange4media Staff | Jan 27, 2023 8:50 AM   |   2 min read

TV

The general entertainment channel (GEC) genre witnessed a 2% increase in ad volume in 2022 compared to 2021. According to TAM AdEx - Rewinding 2022 for GEC Channel Genre on TV report, 2022 had the highest ad volumes since 2018, with a 29% increase in 2022 compared to 2018.

As per the report, the third and fourth quarters of the year 2022 saw more ad volumes than the first and second. The report also stated that 2022 saw the highest GEC share i.e 28.5% of overall TV ad volumes since 2018.  

During both 2022 and 2021, Hindi GEC topped with more than 20% share of the GEC channel genre’s ad volumes. The top five subgenres accounted for around 69% share of ad volumes during 2022. 

Meanwhile, the count of categories and advertisers on the GEC genre dropped in Q3-Q4 '22 over Q2’22, whereas the count of brands peaked in Q3 '22. As per the report, Food & Beverages sector topped with 28% share of the GEC genre’s ad volumes, followed by Personal Care/Personal Hygiene with 20% share. Additionally, Biscuits and Aerated Soft Drinks were the new entrants among the top 10 categories. 

HUL, Reckitt Benckiser and Brooke Bond Lipton India retained their top three positions as advertisers during both 2021-22. Coca-Cola India and Procter & Gamble Home Products were the new entrants among the top 10 advertisers in 2022. Also, over 2800 advertisers were present on GEC on 2022. 

Meanwhile, over 800 exclusive advertisers were present on GEC with  Ullu Digital leading the list in GEC genre followed by Mangalam Matrimony.com.

Over 5600 brands advertised on GEC in 2022 with Dettol Antiseptic Liquid leading the top brand list followed by Harpic Power Plus 10x Max Clean. Also the top four brands were from Reckitt Benckiser (India).

 

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‘IPL on TV provides scale and impact for brands across categories’

At e4m TV First conference, a diverse panel of brand leaders touched upon how associating with IPL on television brings instant reach at scale and unlocks newer audiences for their brands

By exchange4media Staff | Jan 25, 2023 7:20 PM   |   4 min read

tv first panel

IPL on television has been an advertiser’s delight across categories. The sheer scale of the platform and its ability to drive instant results for brands makes it a preferred medium for impact.  At the e4m TV First conference held in Mumbai on Tuesday, a panel discussion was held on the topic, ‘Television - The chosen destination for IPL viewing.’ The panel was chaired by Vanita Keswani, CEO, Madison Media Sigma - Madison World and consisted of Anjali Krishnan, Head of Media, Mondelez India, Ajay Dang, President, Head - Marketing, Ultratech - Aditya Birla Group, Lalitha Nayak, In Charge - Marketing, NPCI, Nilesh Malani, CMO, Polycab and Girish Hingorani, Head - Marketing & Ecommerce, Cooling & Purification Appliances Group, Blue Star Limited.

Ajay Dang started the discussion with his thoughts on television advertising on IPL, which according to him, is distinct for brands in terms of viewer receptiveness and engagement. “IPL on television is a brilliant platform in terms of the number of eyeballs and effective storytelling of brand messaging. I think as marketers, there are a few shining examples like Mondelez, which have leveraged the platform fabulously well. It is a fabulous platform to engage with viewers.”

Nilesh Malani then spoke about how Polycab built their brand at the back of IPL associations on television since 2018. “At Polycab, the brand building exercise started maybe a decade ago. The philosophy was let's reach out to the heartland of the country from a distribution point of view and supply chain point of view. That's where we started going to consumers and we wanted to reach out in the most effective and faster way. IPL on TV gave us the best reach in the shortest period of time. So that's the reason we chose IPL. Then in 2019, we went public. And again, we wanted to reach out to consumers with a larger portfolio of products. That's where we decided to continue our journey on IPL.”

Anjali Krishnan gave some valuable insights in terms of how brands can best creatively leverage IPL on television. “We have launched all our new campaigns on our proposition of ‘acknowledging the unacknowledged’ through IPL on TV. We’ve observed over the past few years of partnering with Star Sports for IPL that the effectiveness of our campaigns was twice as they were compared to any other inventory we bought. IPL on TV is the ideal platform to launch new brand communications. It gives you a great reach in a very short period. New users that brands want to reach out to are present on IPL on TV. IPL on TV has played a pivotal role in brand building for Cadbury Dairy Milk.”

Girish Hingorani, who has been a strong believer in IPL on TV as a media property since its inception, spoke about how the platform has been a key factor in the success of Bluestar over the years. “We’ve been advertising on IPL on TV since 2008 and have leveraged the platform every year since. IPL on TV brings the country together and associating with a platform like this brings a lot of gravitas to a brand. We have focused on consistently creating good content and IPL on television has provided the largest platform for us to launch new communication every summer.”

Lalitha Nayak went on to talk about how the demographic profiling for Rupay matched with IPL TV audiences and how the association helped the brand launch new products successfully. “We launched our ‘Rupay - On The Go’ proposition last summer through IPL on television. Demographic compatibility is a key factor for us when we look at platforms to advertise on and IPL on television was a match for us. We advertised on IPL on digital as well, but saw a high recall for the brand after we begun the TV association. IPL on TV is a clutter breaking phenomenon if you can create good content that blends in.”

 

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‘TV is by far the most powerful and effective in building equity and awareness’

At e4m TV First conference, industry experts discusse how TV is still a strong medium over digital media to reach a wider audience in India

By exchange4media Staff | Jan 25, 2023 7:10 PM   |   5 min read

Tv first

Due to the pandemic, digital media has become an easy as well as affordable medium for brands to reach out consumers without much hassle. However, TV still has a strong presence in Indian households. Advertisers across genres prefer TV over any other medium in order to increase their credibility amongst consumers.

At the recently held e4m TV First conference, industry leaders discussed why TV is still a preferred medium and how advertisers are making the most out of it. The panel discussion was moderated by Dheeraj Sinha, CEO & The Chief Strategy Officer, South Asia, Leo Burnett; Chairman, BBH India. The panel consisted of Sambit Dash, Partner - RPSG Capital Ventures, Girish Hingorani, Head - Marketing & Ecommerce, Cooling & Purification Appliances Group, Blue Star Limited, Gaurav Dhawan, Chief Revenue Officer, Times Network, Rajan Amba, VP-Sales, Marketing & Customer Service - Tata Motors Ltd- Passenger Vehicles. 

Speaking on why TV is still is the popular medium, Dash of  RPSG, said, “ I think television is still the key medium for a brand to gain  the trust of consumers and create an impact. What I mean by trust is that it's just human conditioning; when you see an ad for a brand on TV, you think this brand has enough money and so must be having enough consumers and so it's big enough for me to trust. That's where the trust comes from and impact is all about reaching a large audience at the same time.”

While Amba of Tata Motors said, “I think one of the things, that we often forget is that, families take decisions, it's all not always individual. For brands like us, which are high-value purchase brands and where the decision to buy is taken by the family and not individual, TV makes a lot of sense. It's got the most widespread of a penetration in that sense and I think that it allows us to tell stories, the larger screen allows us to tell stories in a family setting in a much more inclusive way than digital does and that certainly help brands like us.” 

Hingorani of Bluestar said, “TV is by far perhaps the most powerful and effective in building equity and awareness. A brand like Bluestar has been built on television over the last two decades or so. We still kept investing on TV because as brand equity cannot be built in private and one has to be reaching out to as many consumers as you can, even if you're a B2B brand. The audio-visual experience that TV gives you, without you having that option of skipping the ads, there's nothing to beat television.”

Dhawan of Times Network said, “What TV does is, it very beautifully helps you address key behavior points so if you want to impact the behavior of any particular market, you will see that TV actually works beautifully. TV has a far bigger impact, you trust the TV word very easily, there's a lot of credibility that come with it. TV even today is the highest reached medium in India as 70% of India is connected through television in one way or the other.”

The discussion then shifted to IPL.

Speaking on the impact of IPL, Amba said, “We've been investing in IPL since 2018 as partners and not just as advertisers. We've seen some tremendous boost arising out of that. But having said that I think that every brand needs to think very carefully about that kind of investment. It is a massive investment and it's a one-time huge investment which can blow you out of the water. If you're a brand looking to make a big impact and you've got something new to offer and you can afford it, it certainly makes sense because you will get that mileage.”

Similarly Hingorani, said, “Bluestar has been on IPL ever since the first season, I've been on every season of IPL. We've been there, we're not a big brand in terms of deep pockets, we have very limited money available but we choose to use it wisely. Of course IPL has a great timing advantage for us because it's the start of the summer season, most of our campaigns are launched on IPL but what we've learned is that IPL is very different from other television advertising. One thing for IPL is that you have to acknowledge the fact that your break hours will be the lowest, which means people would want to obviously wait for the next over so they are not really going anywhere. So that advantage of engagement is there with IPL.”

The panel also discussed about Connected TV and how it is emerging in India but will take time for the masses to follow as people are becoming more accessible to broadband connections. Dhawan said, “It looks very small as we speak because not too many people into it but with the passage of time and improved data speeds, it will catch up. Right now it looks like it is in the sushi category you know good to have it sometimes but can't have it as a daily meal, someday it will become part of your daily meal.”



 

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Sesame Street co-creator Lloyd Morrisett is no more

Morrisett was known as an experimental educator for using TV as a medium of education

By exchange4media Staff | Jan 25, 2023 11:15 AM   |   1 min read

Sesame

Sesame Street's co-creator Lloyd Morrisett has passed away. He was 93.

Known as the experimental educator, Morrisett collaborated with TV producer Joan Ganz Cooney to create Sesame Street upon seeing his daughter interact with the television.

TV show Sesame Street was a big hit among children around the world.

According to Cooney, his co-founder and close friend, “Without Lloyd Morrisett, there would be no Sesame Street. It was he who first came up with the notion of using television to teach pre-schoolers basic skills, such as letters and numbers."

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