Experts caution the industry: “Shed short-term benefits, & adorn a long-term vision”
‘How should media respond to clients’ needs in the current environment’ was the second topic of the day at the exchange4media Conclave on June 5, 2009 in New Delhi. The event was presented by STAR News and powered by Hindustan Times. Yuva was the associate sponsor for the event.
‘How should media respond to clients’ needs in the current environment’ was the second topic of the day at the exchange4media Conclave on June 5, 2009 in New Delhi. The event was presented by Star News and powered by Hindustan Times. Yuva was the associate sponsor for the event.
The speakers for this discussion were Ravi Kiran, CEO, Starcom Media Vest Group-South Asia; C V L Srinivas, Director, Times Private Treaties; KC Jacob, Vice President, The Muthoot Group and Shruti Bajpai, Country Manager, HBO South Asia. The panel was moderated by Amit Agnihotri Co-Founder and Director of the exchange4media group. The session began with a hot discussion on how media should respond to clients’ need in current environment? The panel looked back at the past nine months and shared their vision for the next one year.
Bringing the perspective, the he said was “rooted in our culture”, Ravi Kiran observed, “We are very extreme people -- we are happy one day and sad the other. So, in recessionary times we contract our thinking and investment.” He added that terms like ROI, visibility and impact have become meaningless and metaphorical terms.”
HBO’s Bajpai shared a similar view on the subject. She said “The stock market falls and we wonder what happened; the next morning once the markets are up, we are all exuberant. We need to realise that the honeymoon period is over and we need to get back to the very basics.” She also stressed that the first lesson that these times teach us is that, it is not about the costs but about the value addition. Instead of looking at short-term benefits, the industry needs to develop a long term vision. Bajpai shared her experiences both as a media owner and a client.
CVL Srinivas added here, “At the macro-level, things are not in control because there are external issues like government policies. However, at a micro level we can set our own industry in order. And at this micro-level, we have always been in depression. We did not see any massive growth in the industry simply because there have been no disruptive innovations.”
While Srinivas stressed on innovation to drive the growth of the industry, bringing the advertiser’s perspective, K C Jacob explained, “The whole thing stems out from whether there is enough money in the market. The banks have money but they have become stricter because of which, we feel the money has dried up. Also, recession or no recession, my expectation as a client is to get return on the money spent. But I need to tighten my belt when I choose a media, and see if it really fits the bill. I expect the media to look at their clients differently and creatively.”
The discussion concluded with panellists emphasising on the fact that though times are difficult, but the situation is not all that bleak and seemed to be getting better. The panel seemed to agree that the measures being adopted toady should also be looked at when the going is tough.
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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
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Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
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Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
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Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
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KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
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