FM players welcome Govt decision to demerge radio business
The Union Cabinet on September 11 gave its nod to FM broadcasters to set up subsidiaries, amalgamate or demerge through transfer of shares of companies less than five years in operation. However, the FDI limit, which is at 20 per cent, remains untouched. Reacting to this decision, most FM players that exchange4media spoke to have welcomed it and said it was a wise move by the Government.

The Union Cabinet has fulfilled the wishlist of the FM industry. On September 11, the Cabinet gave its nod to FM broadcasters to set up subsidiaries, amalgamate or demerge through transfer of shares of companies less than five years in operation. However, the FDI limit, which is at 20 per cent, remains untouched.
It may be recalled that as part of our coverage on Independence Day celebrations this year, exchange4media had spoken to a cross-section of FM players in India, where nearly all of them had said that they wanted ‘independence from regulations’.
Following the Government’s decision on September 11, exchange4media went back to the FM players to gauge their reactions and found that they are happy with this move and see the Government decision as positive for the growth of the radio industry in India.
Apurva Purohit, President, AROI and CEO, Radio City, said, “This comes as a very favourable move for the industry, especially for broadcasters who had applied for this demerger. We are hoping that this announcement will also pave the way for further deregulation for the industry by way of increased FDI, multiple licensing and allowing news and current affairs on FM radio. We eagerly look forward to Phase III and hope that the Government works on expediting the process.”
Anurradha Prasad, Managing Director, BAG Films and Media Ltd, said, “It is a very positive move by the Government, which helps us unlock the value of our companies. It should be like broadcast companies, where there is a different section for content, marketing, sales and so on. It would help us in growing the FM as an industry because of the fixed FDI norm. I believe this is a good way to have mergers. This way, your holding company will not be involved.”
Himanshu Shekhar, Regional Head-North and West, Big FM, said, “We are happy with the decision taken by the Cabinet today. This is a step in the right direction. It would help companies having multiple businesses carve out the radio business into a separate legal entity. Being an independent legal entity, it would have financial flexibility to raise resources for future growth. Valuation of the FM radio business on stock exchanges would help substantial unlocking of shareholder value.”
S Keerthivasan Business Head, Fever FM was not happy with the Government’s decision to not hike the FDI rates. “With a mere 20 per cent of FDI what can you expect from the industry?” he asked.
Anil Srivatsa, COO, Radio Today, said, “It is a wise move by the Government. Increasing the FDI rates could be looked into next time round. Phase III means a lot for us now, and the decision made by the Government is a step in the right direction. The business has finally grown up.”
The Indian radio industry definitely has come of age with the Government showing some signs of deregulation, leaving an upbeat mood in its wake.
Also read:
Radio industry optimistic about leftover Phase II channels merger with Phase III
Freedom from regulations tops Indian radio industry’s wishlist
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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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