FICCI Frames 2008: Financing celluloid dreams

There is no biz like showbiz, and given the booming entertainment industry in India, emerging trends and film finance options were discussed at length at the session on ‘Raising Capital: Showbiz attracts the moolah’.

e4m by exchange4media Staff
Published: Mar 25, 2008 6:20 PM  | 3 min read
FICCI Frames 2008:  Financing celluloid dreams

There is no biz like showbiz, and given the booming entertainment industry in India, emerging trends and film finance options were discussed at length at the session on ‘Raising Capital: Showbiz attracts the moolah’. The session, which was moderated by was moderated by Shardul Shroff, Managing Partner, Amarchand Mangaldas, brought together CEOs, financers and filmmakers to discuss the current state of entertainment financing.

Domestic FIs and companies have always been apprehensive about investing in films and the media industry in India. It was only after the advent of foreign investors and institutions in the Indian media industry that we saw a rise in domestic FIs coming into the sector.

Ravi Sardana, Senior Vice-President, ICICI Securities Ltd, said that FIIs had not only invested in the Indian media industry but also forced Indian investors to rethink about their investment strategies. Elaborating further, he said, “India is the fastest growing economy in the world with a GDP of 8 per cent, and the total spend on advertising and entertainment are much ahead of the GDP growth. However, a lot is still underexplored and there is space for more players in the market. The media sector is just about $50 million, while a company like Walt Disney alone is valued at approximately $60 billion.”

Sardana added, “The growth in the Indian economy is a consumer-led growth and India consumes two times more movie tickets in the world. However, there is a talent crunch in the industry, which in turn leads to a crunch of good content, resulting in investors in India holding back.”

Mahesh Chhabria, Director, 3-i India Pvt Ltd, remarked, “Although investors in India were quite apprehensive about investing in media, I think platforms like the digital formats have paid off. The pay-for-use model is nascent in India, but people are appreciating this format and investing in this as well.”

Akhil Gupta, Chairman, Blackstone, said, “More than the GDP, per capita consumption is more important. There should be more stress on domestic consumption.”

Agreeing with Sardana, Sheetal Talwar, who has just floated a film fund, said, “There is a huge depth of talent in the industry and each film would be a separate issue for us. We have also funded newcomers in the industry on the basis of their scripts and other prospects.”

John Mathew, Chief General Manager, EXIM Bank, spoke about the RBI regulations for financing a film or a media company. “We strictly follow the RBI rules and stand by them. We evaluate a film on the basis of the track record of the production house or the producer. We also keep the rights of the film as a security and the loan is paid before the film is released,” he added.

Yes Bank’s Karan Ahluwalia, however, noted, “We also follow the same principles laid down by the RBI, however, we are also open to financing newcomers and beginners depending on their profile and other company policies. Our repayments also depend on the profile of the company, and not necessarily before the film has been released. We also finance television content.”

The session ended on a unanimous note that the Indian media industry should not haste and launch IPOs, but rather financial institutes must advice their companies to seek venture capital rather than private equity share as was the case in the US.

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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

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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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'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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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 by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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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

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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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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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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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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