Category: ADVERTISING

  • Fun in Category Creation

     

     

     

    By Shaziya Khan

     

    Shaziya KhanAs a species, the childhood of humans is the longest, which implies the longest time for play. As life expectancy rises, there is more time for leisure (globally life expectancy has increased by 6 years, as per one estimate). For this reason alone, and several others, fun matters.

    It is both interesting and important to see how vital fun, playfulness, bliss, enjoyment, liberation are. Relatedly, how businesses and brands can tap into this understanding of fun, playfulness, for making more meaningfully, apt connections with people.

     

    SPARK OF INSPIRATION

    This article was sparked by a pattern observed for several years (which recent experiences, cemented). This is the story of how it came about:

    Travelling to a peaceful part of a war torn country overseas, on a longish work assignment, is where the inspiration struck.

    I was surprised to see people having so much fun, the same people had lived through and were living through uncertainty, trials and tribulations. Yet, their zestful spirit, generosity, warmth, humour spilled over and embraced all. These qualities were not only intact, but abundant right in the midst of rather trying circumstances.

    Meal times were grand, fashions were extravagant, plans were exciting.

    Basking in their effervescent spirits, as a visitor, but still mystified by them – I finally asked : how are you people like this? how are you able to be so fun loving and care free given your circumstances? Most of their answers were to the effect: when life is uncertain, or problematic, one makes the most of every bit of good one has, rather worry about what is going to happen. The views shared were surprising, impressive, simple but also quite profound. There must be more to learn here, I imagined.

     

    FUN – A SERIOUS MATTER

    I was set on a path of curiosity – to discover more about the real place of fun in the human experience. Again, to my surprise, I learnt that even in serious fields like philosophy the topic of fun is regarded as important!

    Indeed for philosophers, fun is vital to the human experience, contributing meaningfully at several levels. Democritus believed that the goal of life was contentment or cheerfulness.

    Homo Ludens (“Man the player”), a book brings out the natural basis of playfulness and fun. It argues that “Play is older than culture, for culture … always presupposes human society, and animals have not waited for man to teach them playing.”

    On a related note, another book Play, Playfulness, Creativity and Innovation, argues that playfulness facilitates originality in nature and society (so a lack of it should be particularly worrying).

     

    FUN – AN UNLIKELY BUT MEANINGFUL ROOT OF GROWTH

    In short, fun, playfulness can be the basis of a lot of good. It is not only an ancient root of personal growth, it is so – across a variety of human experiences.

    Fun is an unlikely but meaningful emotional root of growth for: learning, education; adjustment; well-being, health; social engagement and life skills.

    Thus, businesses and brands, operating in these areas, definitely, and in others too potentially, could find it useful to leverage the fun, playfulness lens and potential of their category.

    I believe modern day businesses and brands could benefit from seeing or making a fun connection! Especially for new categories, for spurring growth.

     

    BUSINESSES FIND IT HARD TO CAPTURE EMOTIONS

    Businesses find it hard to capture emotion, especially a ‘non serious’ emotion like fun.

    The roots of an emotion like fun can be harder to take note of, discern and capture let alone articulate. Yet, the pursuit of growth, demands, I believe, tools and analyses to uncover new (especially surprising) roots of growth.

    This analysis brings additional clarity, sheds biases, baggage, helps businesses and brands stay alive to their unique human connection; stay true to what is emerging now and for the future, and can be the basis of thriving, surviving.

    This clarity is required – to pursue fresh human centred design, customer experience, engagement, innovation, communication, evolution and re-crafting category and brand worlds to be in step with people, and times.

    Non-linear tools (like mind maps) are a useful type of analysis to get going. Sharing a brief map of why fun matters (more so now than ever). Sharing a short take on a very large topic based on synthesis of multiple reports and studies related to the topic (source: Warc, Medium, psychology studies, GFK, Brandz)

     

    RELEVANCE OF FUN – IN EFFECTIVENESS, VALUES, MEANING

    What puts a bow on the growing relevance of fun for people, and brands engaging with them is – that as leisure time has increased, so have opportunities for play, fun.

    If people are going to enjoy more leisure, playfulness and fun, they will love brands that echo more fun, playfulness, and associated aspects like liberation, engagement, spontaneity.

    These shifts have already been showing up in research studies for several years- signalling a change of expectations from communication and engagement from brands and businesses.

    1. Shifts in effective ways to communicate: A recent study (Kantar) on Five Fs Of Creative Effectiveness on what makes some brand communication more effective than others points out fun as being among the top 5 factors of the most effective brand communications.

    2. Shifts in core consumer values: A study on Core Values (GFK) revealed enjoyment or fun are among the top core values of consumers along with long standing core values like security and achievement.

    3. Measure of meaningfulness: Last but not last, we already know, from measures of brand meaningfulness that one part of the measure of a meaningfulness is UTILITY based (consumers answer is this “useful to me”), the other important part of the measure of meaningfulness is AFFINITY based (consumers answer do I “love this brand”) (BRANDZ).

    Studies reveal six major psychological underpinnings of fun: novelty, spontaneity, connectedness, boundedness, engagement, liberation. These are potentially rich emotional zones for businesses and brands to meaningfully create connections with their customers, across categories.

    In sum, for modern day brands, fun is a serious matter.

     

    ROLE OF FUN IN CATEGORY CREATION

    Many already know, that fun is key to learning and interaction. This by itself, is a big and useful (perhaps overlooked) starting point for a business or brand – operating directly in any kind of education or any category where it is important to educate. A category that focuses on adopters, triers upgraders, relatively nascent consumers.

    The fun key to learning can aid category creation in four ways – safe place creation, social interactivity facilitation, weaving in improvisation and richer types of gamification.

     

    SAFE PLACE CREATION:

    Several experts in the social sciences share that play, fun create a safe place to learn. A safe place to adopt new tricks and tips, use tools and solve problems.

    Creating a safe place for consumers in a new category – to spur more learning is starting point for brand and business owners, custodians.

    An enlightened parenting view, again with universal application, quoted in one of the reports: “I’ve been trying to weave more fun into my days with my kids”.

    I loved that – and ask are enlightened brand and business custodians trying to weave more fun into the regular days of consumer interactions, in the apt way.

    Unboxing, is now a thing, but it was really a way to mindfully weave more fun into an everyday experience. What are fun ways to “open the box”, so to speak, for consumers of a new category, is a question to start with.

     

    SOCIAL INTERACTIVITY FACILITATION:

    Social scientists emphasise that play is also key to learning social engagement, finding ones’s place in a hierarchy, learning how to interact. Emotional control, curiosity, resilience are positive results of play. (Researchers have found that play deprived children manifest responses ranging from unhappiness to aggression).

    Creating zones for interaction, facilitates relationships beyond the day to day transactions – indeed provide a foundation for building life time value with target audiences. The notion of community has already captured the imagination of many; the findings on play, fun re-iterate the importance of facilitating social interaction in the community via more playfulness, fun experiences.

    To share a recent example (there are many) – simply the fun way in which an airline crew handled an unfamiliar situation for customers : of a 6 hour delay, sitting in a stationary plane – created a few life life long fans of an airline brand. And it was just two crew members – whose fun attitude, constant interactivity kept spirits up in a plane load of disappointed, tired and hungry people and one howling baby. Their being in the zone meant a lot to customers – keeping the channel of interaction open and ‘on’ mattered and was noticed and appreciated (distinct from other crew members who were not interacting socially).

     

    WEAVING IN IMPROVISATION:

    Social sciences experts say that unstructured play is most important for development, because that is when rules are created, improvised, negotiated.

    I loved this quote from one of the research reports, which can be universally true in its local adaptation:

    “The kids skateboarding down the street, sipping imaginary tea, and building a pillow fort are learning just as much—perhaps more—as a peer in a piano lesson”.

    Many know how the modern day aspiring but sceptical, well informed consumers, love to think for themselves. Consumers, especially Millennials, love to figure it out on their own.

    Crafting brand experiences that facilitate the amateur, the first time user, the learner, the experimenter, the non serious flirter matter more than ever; this field is demanding requisite attention, care from business and brand custodians.

    As an aside, it is these type of consumers (who are on the fringes or on the edge) who can often inspire the best innovations and improvisations for the future, in several elements of the mix (packaging, ingredients, usage/dosage etc.) .

     

    RICHER TYPES OF GAMIFICATION:

    Gamification is key to creating modern brand experiences and connections with consumers. There can be several types of fun experiences designed that are based on gamification.

    A commonly known type is Challenging fun (objectives, rewards, levels, etc.). Yet there are others too that experts point out:

    1. Easy fun (imagination, curiosity, content, experiences, exploration)

    2. People fun (niche interests, collaboration, community, co-operation)

    3. Creative fun (individuality, personalisation, avataars, customisation, expression, creativity)

     

    WRAPPING IT UP

    Fun has received a lot of worthy attention from social scientists. Philosophers and psychologists regard fun to be a vital life goal.  Fun is seen as essential not only to learning (as described above) but to many other areas, especially health, well-being, living an ideal life. More on that another time perhaps. For now, for brand and business custodians:

    1. It is timely to audit funand explore if there is a fun deficit in the experiences being provided for consumers – at present, for the future.

    2. Most immediately, leverage the learning benefits of funto spur category creation – via provision of a safe place, enabling social interactivity, facilitating improvisation, and a richer, varied embrace of gamification

    The fun of category creation is putting fun in category creation, too!

     

    Shaziya Khan is National Planning Director, Wunderman Thompson. This is republished from a post first published on LinkedIn

  • Mixed Route Juice wins mandate for JungleBerry

    Mixed Route Juice, a marketing agency, has announced that it has won the mandate for JungleBerry, a player in the organic and all-natural lifestyle sector. A campaign has also been shot.

    Said Amrita Sharma, Founder at Mixed Route Juice: “The concept behind the campaign is to convey the inherent goodness of JungleBerry’s products through a visually striking and authentic representation. Nature is the ultimate source of beauty, and our collaboration with JungleBerry aims to celebrate that in a way that resonates with consumers. Advertising needs to be honest. With this campaign, we wanted to show the world the truth in our products. Simply put, the DVC works like a cross between a behind the scenes montage, testimonial and proof of work video.”

    Added Nitin Dhawan, Co-founder of JungleBerry: “We are delighted to collaborate with Mixed Route Juice for this campaign. Their creative approach and dedication to highlighting the natural goodness of our products align perfectly with JungleBerry’s ethos. We believe this collaboration will resonate strongly with our audience.”

  • Leo Burnett appointed the lead AOR for Birla Opus

    The Aditya Birla Group has aligned its creative and strategic mandate with Leo Burnett India for the launch Birla Opus. Leo Burnett has been tasked with designing the brand architecture for the main brand – Birla Opus and drive the strategic, creative, and digital initiatives for their luxury and premium portfolio of brands. The account will be handled by the Leo Burnett Mumbai team.

    Inderpreet Singh
    Inderpreet Singh

    Speaking about the appointment Inderpreet Singh, Head, Marketing, Birla Opus, said: “Birla Opus is a brand that is designed for today’s dynamic and audacious new India. Keeping this in mind we were looking for a partner who would be able to support our vision and craft a narrative that appeals to today’s audiences. We look forward to working with team Leo Burnett.”

    Rajdeepak Das
    Rajdeepak Das

    Ådded Rajdeepak Das, CCO Publicis Groupe South Asia and Chairman Leo Burnett South Asia: “Birla Opus is undeniably one of the biggest brand launches that the country will witness this year. But what’s more exciting for us at Leo Burnett is the drive to bring in the next revolution in the paint category. We’ve found that the visionary, agile and nimble, Aditya Birla Group, is the perfect partner for creating such revolutions. At Burnett we believe in work that ‘Impacts a Billion’ and we know that Birla Opus with its brand vision will do just that.”

    Abhimanyu Khedkar

    Said further Abhimanyu Khedkar, Executive Director, Leo Burnett India: “An opportunity to work on a brand like Birla Opus comes once in a while. We are excited to help shape the brands roadmap and create groundbreaking work at the cusp of culture, creativity, data, and technology.”

  • MRSI honours Partha Rakshit & Pranesh Mishra with Lifetime Achievement

    In 2019, the Market Research Society of India (MRSI) instituted the Golden Key Awards in to recognise the contribution of insights for the growth of India’s market research and insights industry. Each year, MRSI also recognises the industry’s veterans for their significant contribution. MRSI’s recently held Golden Key Awards 2023  honoured Partha Rakshit and Pranesh Mishra, two senior professionals from across the research and insights industry for the Lifetime Achievement  Award.

    While Rakshit last served as the Managing Director South Asia at Nielsen, from where he retired in  2010, Mishra, is Chairman  and Managing Director at marketing analytics and insight consulting company Brandscapes Worldwide which he founded in 2008.

    Notes a communique: “The Market Research Society of India extend their gratitude to both Partha Rakshit and Pranesh Mishra for their valuable contribution to the Indian and global research and insights sector.”

  • Goafest 2024 to sizzle from May 29 to 31, 2024

    By Our Staff

     

    The 17th edition of Goafest, the biggest advertising festival in South Asia, will be held from May 29 to 31, 20024 at the Grand Hyatt, Bambolim, Goa. Co-hosted by The Advertising Agencies Association of India (AAAI) and The Advertising Club, Goafest 2024, the fest will showcase knowledge sessions, masterclasses, networking opportunities, partying, and of course the Abby Awards.

     

    The fest was held from May 24 to 26 last year, and while one thought it would be horribly hot, we thought it was pretty bearable.

     

    Prasanth Kumar
    Prasanth Kumar

    Said Prasanth Kumar, President of the Advertising Agencies Association of India and CEO of GroupM, South Asia: “Goafest has firmly established itself as the pinnacle of creative celebrations in South Asia, uniting the foremost talents in the creative and marketing realms. Our goal is to offer our industry peers an immersive experience over three days filled with learning, meaningful engagement, interactivity, and curiosity.”

     

    Rana Barua
    Rana Barua

    Added Rana Barua, President of The Advertising Club and Group CEO of Havas India, South East, and North Asia: “Every year, The Abby One Show Awards at Goafest stand as a testament to the biggest and most prestigious awards in the Indian advertising industry, celebrating innovative and groundbreaking ideas. Once again, I invite the brilliant minds of Indian advertising to join the celebrations and embark on an exciting journey at Goafest 2024, where creativity takes the spotlight.”

     

    Jaideep Gandhi
    Jaideep Gandhi

    Said Jaideep Gandhi, Chairperson of Goafest 2024: “Persistently, Goafest has progressed and pioneered, solidifying its status as the foremost advertising festival in India. From insightful knowledge-sharing sessions to featuring distinguished speakers, we are confident in welcoming global guests who will significantly contribute to the industry, particularly benefitting younger professionals. I would also like to mention that Mr Mohit Joshi, CEO of Havas Media has very kindly agreed to join me as Co-Chair and contribute immensely to take this event to greater heights.”

     

  • Abby 2024: Jon Austin & Kate Stanners appointed as Jury Chairs

    Jon Austin
    Jon Austin
    Kate Stanners
    Kate Stanners

    From now to at least three to four weeks more, get set for announcements on jury chairs of the Abby One Show 2024. We would’ve loved to have all the announcements in one go, but remember this is the Ad Club. And no one knows better the art of sustained publicity and being top-of-mind. Right?

    Jon Austin, Co-founder of Supermassive, Sydney Australia, and Kate Stanners, Chairwoman and Global Chief Creative Officer, Saatchi & Saatchi have been appointed as Jury Chair of Branded Content & Entertainment category and Jury Chair of Film Cinema Digital OTT (above 1 min duration) category respectively, at The Abby One Show Awards 2024.

    While Austin will chair the Branded Content & Entertainment category, Stanners will be Chair of Film Cinema Digital OTT (above 1 min duration) category

  • Awards Governing Council announced for for Abby 2024

    The Advertising Club and Advertising Agencies Association of India have announced the Awards Governing Council (AGC) for the 2024 edition of the annual awards.

    Representing Advertising Club:

    1. Ajay Kakar, Chairperson, Awards Governing Council, Abby One Show Awards 2024 and Managing Committee Member, The Advertising Club
    2. Dheeraj Sinha, Group CEO – India and South Asia, FCB, and Co-chair Awards Governing Council, Abby One Show Awards 2024
    3. Ajay Chandwani, Managing Committee Member, The Advertising Club
    4. Alok Lall, Executive Director, McCann World Group India
    5. Sonia Huria, Head Communications – APAC, Prime Video
    6. Subramanyeswar S., Group CEO, MullenLowe Lintas Group & Chief Strategy Officer – APAC, MullenLowe Global

     

    Representing Advertising Agencies Association of India:

    1. Prasanth Kumar, President of the Advertising Agencies Association of India and CEO of GroupM, South Asia
    2. Jaideep Gandhi, Chairperson, Goafest 2024
    3. Mohit Joshi, CEO, Havas Media
    4. Sam Balsara, Chairman, Madison World
    5. Rohit Ohri, FCB Global Partner
    6. Anupriya Acharya, CEO South Asia, Publicis Groupe

    Speaking on the AGC, Rana Barua, President of The Advertising Club, said: “Over the years the Abby One Show Awards has not only honoured creative excellence but has helped strengthen South Asia and especially India’s position in the global arena. It is imperative that we turn the spotlight on work that is deserving, innovative and socially and culturally relevant with creativity at its heart. The awards has encouraged talent and brought to light work that was impossible to even imagine. We are excited for this edition and are certain that the Awards Governing Council has a tough task at hand given the level and amount of work showcased over the last year.”

    Added Prasanth Kumar, President of the Advertising Agencies Association of India: “The Abby One Show Awards has evolved, becoming a level playing field not just for India but the entire South Asian region. We have witnessed agencies and brands of all sizes put their best foot forward, and have been humbly surprised with the kind of work that this region is home to.  We are confident that the awards will continue to empower the creative community and provide them with a global stage to showcase innovation and insight behind their creative communication.”

    Said Ajay Kakar, Chairperson, Awards Governing Council, Abby One Show Awards 2024: “The Abby One Show Awards continue to bring the spotlight on great ideas that manifest into great work. I am humbled by the opportunity to Chair the Awards Governing Council, that comprises stalwarts of our industry. An award, I believe, is as good as the Jury that judges it. So, the AGC is committed to have a stellar line-up of jury chairs and jury members, who have earned their spurs at a global and local level. They will help identify and recognise the best of best that the industry has created, this year. The Abby One Show Awards 2024 will continue to encourage, empower and accredit work to find its rightful place at a domestic level, and as a stepping stone to the global stage.”

    Added Kevin Swanepoel, CEO of The One Club for Creativity: “It is with great enthusiasm that we continue our association with The Advertising Club for the Abby Awards. What The One Show brings to the Abby ABBY Awards is a legacy of integrity, a reputation that resonates worldwide. Last year’s collaboration with the Abby Awards has pushed the creative envelope further, setting new benchmarks in recognising and celebrating creative excellence. We are delighted to be a part of this property that fosters a culture of excellence in the creative industry and are excited to witness deserving campaigns being honoured with an Abby.”

    Said Jaideep Gandhi, Chairperson, Goafest 2024: “Goafest and the Abby One Show Awards have over the years crafted a premiere position bringing together the industry to learn, unlearn and celebrate. Like past editions, this year too we are confident of witnessing work that goes on to set new benchmarks of their own. While we are looking forward to a diverse creative showcase, we are confident that the task won’t be as easy for our jurors and AGC given the level of competitiveness.”

    Jointly organised by Advertising Agencies Association of India and The Advertising Club, Goafest 2024 will be held on May 29 to 31, 2024 at Grand Hyatt hotel, in Bambolim, Goa.

  • Das ka Dum with Dr Bhaskar Das | Abby One Show has announced its governing council for the awards. As an industryperson and an Abby-watcher, what are your expectations from this year’s awards?

    Bhaskar DasIf you wish to access the archives, please go to the Das Ka Dum tab on the website’s top navigation bar or click here: https://www.mxmindia.com/category/columns/das-ka-dum/

    Q: Abby One Show has announced its governing council for the awards. As an industry person and as an Abby-watcher, what are your expectations from the awards this year?

    A: The existence of Abby creative for more than five decades is a testimony of its ability to celebrate creative excellence in a sustained manner. The Abby One Show, as it is called now post a partnership with One Show, is a unique award programme that has been recognised as the gold standard in the Indian advertising, media, and marketing industry.

    My expectations are not different from the values that have differentiated itself from other awards—that is, it is an award of our industry, and has been nurtured by the industry, for the industry. The awards have consistently tried to be in sync with the expectations of various stakeholders for nurturing and showcasing excellence with a spotlight on the young professionals.

    So, even in this year, I expect to witness great creative work which inspires the industry, specially the budding creative talent. I would also love to see applications of technology in accentuating the creative excellence of all forms of communication.

  • Kyoorius & Zee together again for KCA 2024

    Kyoorius has announced the twelfth edition of the Kyoorius Creative Awards and is going to be presented by Zee. Notes a communique: “The directive for 2024, is to galvanize the community to GiveBack to the industry that has given them so much. To kickstart the initiative, Kyoorius GivesBack, for every entry that does not make it into the first list (that is, beyond the first round of judging), Kyoorius will pay back 50% of the entry fee to the entrant.

    “A deep dive into the global awards ecosystem revealed that over 75% of all entries in any award show go unrewarded or are literally, rejected in the first round of judging itself.”

    Rajesh Kejriwal
    Rajesh Kejriwal

    Said Rajesh Kejriwal, Founder and CEO of Kyoorius: “Beyond recognising excellence, Kyoorius also stands to recognise obstacles,” adding: “Addressing the pain points of our entrants and the award ecosystem has always been our mission.”

    Punit Goenka

    Added Punit Goenka, MD and CEO, Zee: “We’re proud to continue our support for the Kyoorius Creative Awards and its newly launched ‘GiveBack’ initiative, building upon our longstanding commitment to fostering creativity and supporting the advertising fraternity.”

    The deadline for entries to the Kyoorius Creative Awards 2024 is April 19, 2024.

    Details at: kca.kyoorius.com.

  • Moloco announces partnership with Viacom18 for ad serving on JioCinema

    Moloco, a player in operational machine learning (ML) and advertising technology, has announced a strategic partnership with Viacom18 and JioCinema.

    Said Sunil Rayan, Moloco’s Chief Business Officer: “As the streaming media industry continues to focus on monetization, we’re excited to partner with leading players such as JioCinema to develop their performance advertising engine. We have leveraged Moloco’s deep experience in advertising technology over the last decade to build an ad serving solution for JioCinema that ensures stability at scale and improves user experience during peak times. Looking ahead to Tata IPL 2024, we anticipate an even bigger opportunity to engage millions of viewers while also creating measurable value for advertisers,” he added.

    Added Akash Saxena, CPTO, JioCinema: “By using Moloco’s advanced algorithms and highly optimized ad serving infrastructure, we were able to deliver ads to 32M viewers concurrently during Tata IPL 2023 and offer new monetization opportunities to our advertisers.”

    Speaking on the announcement, Siddharth Jhawar, Moloco’s General Manager for India, said, “India’s 700 million digital population has shown a growing preference for consuming video content online. As streaming platforms scale and look for more monetisation opportunities, Moloco Streaming Monetization can help them grow profitably.”

  • AAAI announces Young Lotus Contest winners

    The Advertising Agencies Association of India (AAAI) announced the winners of the AAAI Young Lotus Contest, 2024. The winning team comprises  Shagun Agarwal and Chaitali Mane of Ogilvy. Their work stood out among more than 40 entries received from talented young professionals across India, a comunique informs.

    Said Rohit Ohri who spearheaded the 2024 edition of the AAAI Young Lotus Contest: “The AAAI Young Lotus Contest provides a platform for young minds to use their creativity to make our world a better place. This year, it’s been encouraging to see the participants’ enthusiasm to tackle one of the burning issues of our time – the need for clean air.”

    Notes a communique: “Under the theme ‘Breath of Change: Innovating for Clean Air in India’ contestants were tasked with conceptualising integrated campaigns advocating for cleaner air and environmental sustainability. Shagun Agarwal and Chaitali Mane’s winning entry demonstrated ingenuity and a profound understanding of the theme, earning them the opportunity to represent India at the Young Lotus Workshop during Adfest 2024.” The jury members for the contest were Romit Nair, NCD, FCB Ulka, Moumita Pal, Creative Head, Enormous and Kartikeya Tiwari, NCD, FCB Kinnect.

    The Young Lotus Workshop at Adfest Pattya happens from March 19 to 21. The duo will also participate in Adfest 2024 from March 21 to 23.

  • The Reliance-Disney deal in 10 points

    The Reliance-Disney deal in 10 points

    1. Reliance Industries Limited (RIL), Viacom 18 Media Private Limited (Viacom18) and The Walt Disney Company (Disney) announced on Wednesday the signing of binding definitive agreements to form a joint venture that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (SIPL) through a court-approved scheme of arrangement.

    2. The Board of Directors of the Company, at its meeting held on Wednesday, approved primary investment of Rs 11,500 crore (~US$ 4 billion) in Star India Private Limited (SIPL) to acquire 16.34% of the paid up equity share capital of SIPL in terms of the subscription agreement between the Company and SIPL. SIPL was incorporated on February 8, 1994. The turnover of SIPL, as per its audited standalone financial statement, for financial years 2022-23, 2021-22 and 2020-21 was Rs 17,332.78 crore, Rs 15,500.77 crore and Rs 11,761.90 crore, respectively.

    3. The transaction values the JV at ₹70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding Post completion of the above steps, the JV will be controlled by Reliance Industries (RIL) and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. Disney may also contribute certain additional media assets to the JV, subject to regulatory and third-party approvals. Currently, Paramount also has 13% stake in Viacom18, but there are rumours that it may exit the venture in some time.

    4. Uday Shankar and James Murdoch (Lupa Systems) own Bodhi Tree Systems which owns 13% of Viacom18.

    5. Nita M Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV.

    6. Disney to provide content licence to the joint The JV see the coming together of the linear TV and digital streaming properties from both stables. That is: Star Plus, Colors, Star Sports and Sports18. All the regional channels.

    7. Jio Cinema and Hotstar are likely to be merged.

    8. The JV will have over 750 million viewers across India and will also cater to the Indian diaspora across the world. So basically it will be the combination of the media expertise, cutting-edge technology and diverse content libraries of Viacom18 and Star Plus the domestic and global entertainment content and sports livestreaming services. Also. Disney’s films and shows to Viacom18’s renowned productions and sports offerings. The JV will also be granted exclusive rights to distribute Disney films and productions in India, with a licence to more than 30,000 Disney content assets, providing a full suite of entertainment options for the Indian consumer.

    9. The transaction is subject to regulatory, shareholder and other customary approvals and is expected to be completed in the last quarter of Calendar Year 2024 or first quarter of Calendar Year 2025. This includes the all-important clearances from the Competition Commission of India (CCI).

    10. The news operations of Reliance Industries (under Network18 Media & Investments Limited) are not part of this deal.