Possibility of Zee being an Indian multinational setting up businesses outside India: Punit Goenka

A Power Dinner, hosted by the exchange4media Group in Mumbai on June 11, was witness to a riveting conversation between GroupM’s Irwin Gotlieb and ZEEL’s Punit Goenka. While Gotlieb gave his views on the current media space, Goenka hinted at the possibility of Zee being an Indian multinational that would set up businesses outside the country.

e4m by exchange4media Staff
Published: Jun 15, 2010 8:26 AM  | 3 min read
Possibility of Zee being an Indian multinational setting up businesses outside India: Punit Goenka

A Power Dinner, hosted by the exchange4media Group in Mumbai on June 11, was witness to a riveting conversation between Irwin Gotlieb, Global CEO, GroupM and Punit Goenka, CEO, Zee Entertainment Enterprises Ltd (ZEEL). The Power Dinner was part of the exchange4media Group’s 10-year celebrations and a fitting finale to the exchange4media Conclave 2010. The session was chaired by Anurag Batra, Chairman and Editor-in-Chief, exchange4media Group.

Batra set the ball rolling asking the two distinguished industry leaders as to how business had been different in the last 18 months in India. Gotlieb, who was returning to India after a year, said, “India seems to have survived the economic turbulence that had affected the rest of the globe.” He, however, also warned, “The whole world had changed at that unique point, but India has not reached that unique point yet, but it may sooner than we know.” To this, Goenka replied that his company had anticipated the slowdown well ahead of time. “We revised our business strategy to question every investment we had to make, if it doesn’t generate revenues, we would leave it out,” he added.

Batra then asked Goenka what was the one lesson that his father, Subhash Chandra, had taught him that guided him in business. Goenka replied that his father had advised him to be completely honest and truthful. “No matter how harsh the reality is, you must be honest to your peers and partners, and in the long term the business would succeed,” he said.

Batra reiterated that throughout the whole Conclave, several panellists had similar arguments to present and had agreed on common grounds regarding business. He wondered if that was true, then why the agencies were not working together to influence media owners and make the changes needed in the media business. Gotlieb pointed out that changes were happening and cited the tie-up that GroupM had with WPP group. According to him, “One needs to have a vision and act as a catalyst to make sure that vision is fulfilled. If one sat around passively expecting things to work out, it would never serve the best interest of either the clients or the stakeholders.

“Fundamentally, the media space is overcrowded and people who worked closely together were also competitors,” Gotlieb said, adding, “People tend to overlook the long term implications of deals that they push, newspapers in the US closed doors during recession because they had lost their advertisers. If one cannot afford to build content, then there will be no audience and no business.” He concluded by stressing that the business ecosystem required the individual entities to stop being disruptive.

Goenka opined that collaboration between the clients, media agencies and media owners would have to be a win-win situation for all the three involved. “Agencies in the past have signed deals for ridiculous amounts. Almost 60 per cent of the business goes unserviced and media owners cannot afford to service that business. If the media owner feels that his product is not worth the price, he should refrain from signing the deal.”

Talking about Zee’s future, Goenka highlighted his three pillars – the Chairman’s vision, the guiding principles of excellence, creativity and editorial integrity, and finally, the possibility of Zee being an Indian multinational that would set up businesses outside the country.

(Written by Jhinuk Sen.)

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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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