Category: NEWS

  • Bol Bachchan stars announce Dainik Bhaskar Bollywood Awards

    By A Correspondent

     

    Dainik Bhaskar.com’s CEO, Gyan Gupta, alongwith the Bol Bachchan team to launch the Dainik Bhaskar Bollywood Awards 2012

    Dainik Bhaskar Group launched the second edition of the Dainik Bhaskar Bollywood Awards. The awards were announced by the star cast of the film, Bol Bachchan.

     

    2011 witnessed the first edition of the awards, where the cine stars are judged by their fans. The awards are by the public, for the public, of the public.

     

    Gyan Gupta, CEO Dainik Bhaskar Digital Division said: “After the success of the previous awards, Dainik Bhaskar is delighted to announce the launch of the second edition. I am really thankful to the team of Bol Bachchan, as they graced this occasion with their presence.”

     

    Ajay Devgan, known for his acting skills and with two National awards in his kitty, does not believe in the award ceremonies. But as the DB Bollywood awards are decided purely by audience voting, he humbly accepted the award in 2011.

     

    The awards not only let people choose their favorite stars as winners, but also the 10 lucky winners get to walk on the red carpet and hand over the award to the winning stars.

     

    Dainik Bhaskar Group has brought a fair award show where Best Character, Best Dialogues & the Hottest Item Number will also be awarded.

     

    RadioCity and E-24 are partnering with Dainik Bhaskar for the their Bollywood awards

     

  • ‘Amazing Spiderman’ largest Hollywood film release in India

    By Binoy Prabhakar

     

    The Amazing Spider-Man will open with over 1,000 prints, the largest ever release for a Hollywood film in the country, according to a statement from Sony Pictures India. The film will release on Friday in 3D, 2D and IMAX formats and in four languages – English, Hindi, Tamil and Telugu – with over 1,000 plus prints, according to the statement.

     

    Kercy Daruwala, Managing Director – Sony Pictures India said: “The Amazing Spider-Man is fittingly our biggest release ever in the country. The fact that Spider-Man is the most consistently successful movie franchise in India, combined with an increased audience in dubbed versions, growth of 3D, the pre-US release date and a local connect in the film, has led to a record demand for prints.”

     

    The Motion Picture Dist. Association (MPDA – India), the Indian arm of the Motion Picture Association (MPA) representing the six major Hollywood studios is beefing up its enforcement action across the country in preparation for the release. Uday Singh, Managing Director, MPDA (India) said: “With every big film release comes the threat of Content Theft through Camcording in cinemas and movie downloads through illegal websites. We have chalked out a strong enforcement action plan to keep Camcording pirates at bay and urge movie-loving audiences to watch The Amazing Spider-Man at the nearest theatre.”

     

    Source: The Economic Times

    Copyright © 2012, Bennett, Coleman & Co. Ltd. All Rights Reserved

     

  • Forum malls appoints AliveNow for social media

    By A Correspondent

     

    The Forum Mall, one ofBangalore’s first full-fledged malls, has appointed AliveNow as its social media partner. AliveNow will carry out digital marketing activities for Forum Mall, Koromangala and Forum Value Mall, Whitefield.

     

    Rama Raju, GM – Mall Operations said: “Forum Mall, being one of the pioneers of the mall culture inBangalore, is gearing up to elevate the brand proposition to the next level. Understanding the demographics of our TG who are significantly prevalent on social media platforms, we are pursuing to establish a better user interface to engage them further. We aim to create such an experience wherein our customers, even while being seated within the comfort of their homes, can still interact with us. Our goal is to enable our customers to carry the experience of visiting our mall out of the premises and beyond, thus creating effective brand recall.”

     

    AliveNow CEO, Adhvith Dhuddu added: “We are very excited to partner with Forum Mall and the Prestige Group to promote this iconic mall on social media. Malls could benefit from these social media tools and push the brand towards better visibility, and we plan to execute some very innovative and interesting campaigns for Forum Mall on Facebook and other social platforms.”

     

  • Madison wins Parag Milk media AOR

    By A Correspondent

     

    Madison Media Infinity has announced the win of Parag Milk Foods, the makers of Go and Gowardhan milk-based products like cheese, milk, ghee, and so on. The account was previously handled by Carat.

     

    Mr Gautam Kiyawat, Group CEO,MadisonMedia & Platinum Media said: “We are delighted to add Go to our portfolio of clients and are confident of adding a lot of value to their businesses and starting a long and mutually beneficial relationship.”

     

    Mr Devendra Shah, Chairman, Parag Milk Foods Pvt Ltd said: “We have partnered with Madison Media, considering their strength and hopeful that their strength will definitely help us to draw our future growth path strategically.”

     

    Madison Media was recently in the news for winning Dixcy Textiles, Enamor and Crompton Greaves Media AORs.

     

  • It’s wrong for us to say that India is slowing down: Muhtar Kent, Coca-Cola

    Muhtar Kent

    By A Correspondent

     

    Unfazed by the economic slowdown and talks of policy paralysis, Muhtar Kent, global chairman and CEO of beverage maker Coca-Cola, on Tuesday announced a fresh investment of $3 billion (approx Rs17,000 crore) over an  eight-year period for expanding its bottling, cooling, and distribution operations as well as accelerating its pace of growth in India.

     

    “Whether or not the government makes policy changes, we continue to announce investments in India,” Mr Kent said, adding that the company’s focus would be on ‘continuing to be flexible, and work with more speed than ever before’.

     

    “Yes, there are some issues in the world economy. But it’s wrong for us to say that India, or China, or Brazil or any emerging market is slowing down. As you go up, the oxygen gets thinner. What’s being created today at 6-7 per cent GDP is incrementally much higher than it was some years back… what’s more important is sustainable growth and not growth that can’t be controlled, ” he added.

     

    The $3-billion investment is over and above the $2 billion, the maker of Thums Up cola and Kinley water had announced last November. The company has invested $2billion in India since 1993, when it-entered the country.

     

    Mr Kent said he expects India to be among its top 5 markets soon’, up from its current No 7 ranking. “This is a realistic goal. India’s demographic, economic and social trends are all huge drivers of growth. Six years ago, we were not strong here, not at all… but India has been a remarkable turnaround story,” he said.

     

    The CEO, who got a pay package of $21.2 million last year, up 10 per cent from the previous year, flew down in his private jet with close family and friends on what is his first India visit as Chairman on Monday night. During his three-day India stay, he is visiting the Taj Mahal in Agra, making a flying visit to Amritsar to meet a handful of key bottlers and attending a Coke Studio concert in Delhi. Thrown in between is a town hall meeting with Coca-Cola employees, a few market visits and a visit to the beverage giant’s headquarters in Gurgaon. Unlike rival PepsiCo’s Chennai-born global CEO and Chairman Indra Nooyi who’s a frequent visitor to India – a key growth bastion for both cola majors – Turkish American Kent had not visited India since he took over the corner office at Coca-Cola’s headquarters in Atlanta in 2008.

     

    Coca-Cola’s portfolio in India includes aerated drinks Coke, Thums Up, Fanta, Sprite and Limca, Kinley water and Minute Maid juices. Even after two decades of being here, the beverage maker’s top-selling drink here remains Thums Up, which it acquired from Ramesh Chauhan-owned Parle Bisleri.

     

    But Mr Kent said the choice depended on ‘the consumer’. “We remain “constructively discontent and we believe we are just getting started. We need to make sure we provide choices to consumers… responsible choices. And help create solutions for over-nutrition and under-nutrition,” he said.

     

    Like most food and beverage firms worldwide, Coca-Cola too is trying to transform itself as a ‘health and nutrition-focused company’. But over three-fourths of Coca-Cola’s revenues continue to come from sugary aerated drinks . “We let the consumer decide what he wants…. and we label our products responsibly.” said Mr Kent.

     

    Like its American rival PepsiCo, Coca-Cola too, has been depending on India for driving double digit growth. For fiscal 2011, for example, Coca-Cola said its global volume grew 5 per cent, aided by key emerging markets such as Latin America, India and China. A consistent growth performer, Coke’s India business has been growing for the last 23 quarters, of which 17 were in double digits.

     

    Source: The Economic Times

    Copyright © 2012, Bennett, Coleman & Co. Ltd. All Rights Reserved

     

  • Not PR, strategic communications advistory!

     

    Michael J Berland

    The communications space in India has been witnessing some high-decibel action in the recent past with players reporting above-average growth story and also with a host of players trying to break ground into India . At such times, it becomes challenging for a new entrant in the space to come up with innovative and unique ideas, while at the same time continue to charm clients with high-value solutions.

     

    Making a mark since its planned entry a year ago; Penn Schoen Berland, which defines itself as a global research-based communication advisory, has been having an unstoppable and impressive run in India . Credit for its super showing goes to its MD & Chief Executive -South Asia, Ashwani Singla, a familiar name in the PR and Communications space. He is joined in his quest by an unflappable team from diverse fields – including its first employee Shefali Khanna, who is the Director-Marketing for PSB in India.

     

    Ashwani Singla

    On the sidelines of an internal meet to assess PSB’s preparedness to launch in Mumbai next month and also to chart out the road ahead, Michael J Berland, President of Penn Schoen Berland took some time off his busy schedule to converse with MxMIndia’s Johnson Napier.

     

    He was joined by Ashwani Singla who was elated on the agency completing a gratifying year one of operations in India . Together they spelt out the reasons for the impressive growth story of PSB in India , on the USP that makes PSB a force to reckon with and what to expect from the agency in the next five years. Excerpts:

     

    While you have a number of agencies today that operate as full-service PR offerings, what was the positioning that you intended for PSB while you were formulating a strategy for its launch in India ?

    Ashwani: I would define PSB as a research-focussed strategic communications advisory that specialises in the area of politics, corporate and M&E. Under politics, we run campaigns for candidates – voter segmentation, messaging, and so on while for corporates, we do corporate imaging, corporate affairs and issues/crisis management, reputation monitoring etc. As for M&E, the focus is on movie marketing, movie positioning, and so on. So we are not a PR agency but a very niche communications advisory.

     

    We are different in the sense that we look at research or what we call the science of persuasion to be the cornerstone for all advice that we give to companies or to political candidates or media and entertainment clients.

     

    Did you use the global lineage of PSB to your advantage when you launched in India last year?

    Ashwani: This is probably the first PSB international office that I would call a cold start office. It means that we didn’t start because there was a client that was migrating to a country and wanted support or because we had global alignments and needed to have presence in India… it was a very conscious decision taken by Michael Berland and the management team to launch in India. We started because we felt India was an important market and that there was an opportunity to be sought here, and to the credit of the company when I made a case here for the fact that this should be a full-service infrastructure, they readily agreed to my demand. It’s now a fully indigenous operation with global expertise and talent that has migrated from diverse fields.

     

    Michael Berland: Coming from a core heritage where we have worked for clients like Bill Clinton, Michael Bloomberg and others, we take the lessons from the campaign trail and apply it to corporate situations. When you look at a campaign, it’s about one candidate versus the other – it’s all head to head and in real time where decisions and actions have to be taken or you lose. That’s the same situation you get to see in marketing where you have to go head to head and it’s important to gain to that level of immediacy.

     

    You have been in existence globally for over three decades, what took you so long to arrive in one of the most promising markets that the world is in awe of?

    Michael: There are four countries in the world that are setting the global standard – BRIC countries. So it’s important to have a presence in these countries. The office in India opened about a year ago under the leadership of Ashwani Singla, and in that span they have had the fastest growth in any of the PSB markets across the world. So there’s not only an opportunity from the client perspective, but there is also an amazing group of talent that is here in India. Our goal was to build an India n office with India n talent in India and take the tools and techniques and help the companies (clients) that need them. Very often talent is brought in from outside and we knew that that model wouldn’t work here in India.

     

    So many companies make a mistake of getting people from other countries to run an office in some other country. That’s not how we operate; we wanted to come in by buying a company and then trying to teach them. It has to be done through an organic route. We had our board meeting in Washington recently and it suffices to say that they were happy with the progress put up by India . The client roster includes the who’s who of the MNCs and other clients and we are operating at the highest level to help companies achieve their rightful place at the global stage.

     

    Ashwani: Frankly, there is nobody we compete with, so the space that we operate in is completely blue. In my view, the level of sophistication that clients are demanding, which I call the new communication normal, where clients want work that is rich in insight, has to be of the highest quality. In fact, we had done a poll last year where we asked clients as to what has changed in your world and that is what they gave us as an answer – high level of sophistication. I am actually delighted that we are shaping up exactly as what our poll had showed us last year. We got a very good roster of clients in Mumbai and so we thought it was about time that we launch here.

     

    Will Mumbai be the new hub for PSB as you seek to expand presence in India?

    Ashwani: We would be launching our Mumbai office in July and also would be launching a Capital Market Communications vertical. The new vertical would be about hardcore investor relations, but there would be only an element of engagement with investing community. The goal will be to help companies find and discover their true value.

     

    What is the growth that you managed to throw up in year one of your operations?

    Ashwani: We have grown fantastically in the last one year. Since there was no benchmark, I would say we have grown by over 2,000 per cent. For us it’s not the numbers game; it’s the value game. What we do is at the boardroom level.

     

    Michael: Also, the thing is that on a global level, we tend to focus on the Fortune 100 clients. Our goal is to not work for everyone, but it is to help provide high-value solutions to top clients.

     

    How do you plan to do that?

    Ashwani: There are three kinds of high-value problems that you tend to see from the clients’ end. One is negative reputation that is predominantly characterised by a lot of negative press. So we help understand the force of public opinion, we help understand how messaging must be done and what actions the companies need to take and communicate with their TG. The second problem is that of regulatory. If you look at the whole telecom scenario, natural resources etc, they are facing hurdles because of regulatory issues. We help manage and engage information-based advocacy. The third high-value problem that boardrooms have is lack of understanding of valuation or lack of understanding of the company’s inherent strengths and, therefore, an attack on the stock front, so how do we help CEOs and CFOs engage with those markets and manage the sentiment through rationale dialogue is what we specialise in. So that in a nutshell is the model that we work on.

     

    We spent the whole of last year refining ourselves and our corporate offering and have completed that portfolio of services. That by itself is an achievement as we have been able to establish a full-fleet capability. It’s very easy to say that we offer every service but if you do not have the talent and the process excellence behind it, then you cannot deliver it. So we have started work on a few political clients right now. Due to certain constraints I wouldn’t be able to name them. As for M&E, it has been parked for now. We will take it up in 2014-15. This year we will do the Mumbai office and it will take us a while to get the office together. We will be building up our business step by step. I am committed with my team to see that in the next ten years PSB becomes one of the most renowned brands in strategic boardroom consulting.

     

    With digital being highly sought after by clients for the purpose of communication, what is the plan that PSB has drawn up for this medium?

    Ashwani: We implement at a strategic level so if there is a digital need because that’s the relevant touch point then we have digital partners for the same. We would be able to offer solutions ranging from Search Marketing to Search to everything…

     

    Michael: In our line of business, you have to be communication agnostic so that you can use the best solution in the right circumstances. Having the flexibility to choose what is best for the client gives us the freedom to work with different mediums and agencies. Our business is not to advocate a certain solution; we look at each situation and decide what would be the best way to address the issue.

     

    The communications space is grappling with its share of challenges as well. What are the some of the challenges that you have encountered in the past one year since you started?

    Ashwani: The biggest challenge is the fact that we do not have a category; we are creating a category by ourselves. A lot of our work is about concept selling and the good news about that is that people get the concept, which I am pretty much surprised about. There are two or three things why we have been able to succeed despite the numerous challenges. The first is that we have a team that is very experienced and the best that you will find. The second thing is that working in a company like WPP they gave us complete freedom to do what we wanted to do. The third thing is that just the level of sophistication that we have been able to embed in our service – people have seen the difference in each and every proposal that we have sent. So that is what has been critical for us where we have been able to innovate something in the market and were able to move with speed. The challenge of creating a new category continues to remain but I think we are making a very good progress.

     

    If you say you are the first in the category that you operate in, how would you be able to judge your performance when you have no competition around?

    Ashwani: At the end of the day the respect the client gives you and the fact that he says you made a difference is the best assessment. I do not judge myself by competition, I judge myself by my stakeholders. If a client comes and tells you that you have done a fantastic job and are delivering the goods then that is the best thing to happen. I think we make a mistake by trying to drive our car by looking in the rearview mirror. We have to look through the front screen and drive and not worry what’s happening behind.

     

    Is the slowing economy a concern for PSB – both in India and globally?

    Ashwani: I am not worried about the slowing economy. I think the value proposition will have to be different. If we keep selling adverts or press articles then there is no value proposition but if you are able to help clients compete in a difficult economic environment and still win in the marketplace then there is no shortage of budgets for that.

     

    Michael: Historically our business has weathered economic downturns quite well because high-value problems happen no matter what state the economy is in. Often, the CEOs are looking for creative solutions and innovation that will help drive growth and business in tough times.

     

    What are the next emerging markets for PSB as you continue to expand your base across continents?

    Michael: We are analysing China and a few other markets, but I think India is the model that we look forward to. As you go to other markets there is a much more heterogeneous divergent environment but when you talk about Asia there is not just one Asia, there are many Asias and each one has a unique culture and business environment. So I think for now our focus would be majorly around India.

     

    What is the way forward for PSB in India?

    Ashwani: We have a clear five-year agenda. This business is not built on a quarter to quarter or yearly basis. I think in five years we would have created a niche for ourselves and so far we have done well in whatever we have handled.

     

  • Scarecrow bags creative for Justbooks

    By A Correspondent

     

    Community library chain Justbooks Clc. has appointed Scarecrow Communications as its creative agency. The account will be handled out of Scarecrow’s Mumbai office. R Sundar Rajan, Founder & CEO, JustBooks, said, “We are excited to partner with Scarecrow in our attempt to redefine libraries as a new generation platform connecting books and readers. Building a brand around a traditional neighborhood service, can present lot of interesting challenges and we look forward to work with the creative team at Scarecrow in getting people back to reading.”

     

    Raghu Bhat, Founder Director, Scarecrow Communications, added, “Justbooks is our first ever client from Bengaluru. This is a huge moment for Scarecrow. Being a book lover myself, it will be doubly satisfying if our campaigns succeed in making more people visit Justbooks, which has the most charming libraries I have ever seen.”

     

    On the new win, Arunava (Joy) Sengupta, Founder Director, Scarecrow Communications, added, “Justbooks is a great concept and if handled well has the potential to become a real cult brand. And that’s what excites me the most.”

     

    Owned by Strata Retail & Technology Services Pvt. Ltd and incubated and nurtured at IIM Bangalore, Justbooks is already present in 10 cities including Mumbai, Bengaluru, Pune and Hyderabad

     

  • Karan Darda to head Lokmat ops, COO Jwalant Swaroop takes on advisory role

    By A Correspondent

     

    Jwalant Swaroop
    Karan Darda

    The winds of change are blowing at Marathi daily, Lokmat. Senior mediaperson and a veteran newspaper business professional Jwalant Swaroop, who was the Chief Operating Officer of Lokmat Media since June last year, will now take on an advisory role. Meanwhile, executive director Karan Darda, who was being groomed to take full charge of the business operations, is likely to assume the role of the COO.

     

    As Executive Director, Mr Darda has been involved in the operations and circulation areas of the group and has been working towards conceptualizing and implementing marketing programmes. He has been on the board of the Company since April 2009 and is credited with conceptualizing and successfully implementing Aurangabad Premier League for cricket and Kolhapur Premier League for football, thereby creating new opportunities for the group in sports.

     

    Mr Swaroop has been with the Lokmat group since 1992 and was instrumental in the group’s wide acceptance in Delhi amongst marketers and media agency professionals. Mr Swaroop has also worked with the Northern Indian Patrika for a bit and spent around six years in ad agency, Advertising & Integrated Marketing (AIM).

     

     

  • The Dark Knight Rises in India with Bournville

    By A Correspondent

     

    As the countdown to Christopher Nolan’s epic conclusion of the Batman trilogy, The Dark Knight Rises, kicks off around the world, Cadbury Bournville has partnered with Warner Bros to celebrate the release of the most anticipated Hollywood blockbuster of 2012.

     

    Cadbury Bournville will pull out all stops for the cinema release of The Dark Knight Rises (TDKR) in India with one of their biggest and innovative integrated marketing campaign yet.

     

    The Cadbury Bournville-TDKR integration comes to life with special brand packaging, in-store branding, on-ground activities and television and cinema campaigns. The campaign has been designed and created, going through great lengths to ensure engagement across all touch points to reach out to dedicated fans of the movie franchise as well as Bournville loyalists.

     

    However, the biggest component will be Bournville’s digital campaign, especially created for the TDKR association. The digital campaign has been brought to life with a large format online contest that will add to the wave of anticipation and excitement with the legion of movie buffs and dark chocolate aficionados.

     

    The Dark Knight has already taken centrestage on Cadbury Bournville’s Facebook page, which has over 1.5 million fans, with contests and gave 100 lucky fans prizes through an innovative pixel contest.

     

    The digital campaign also features a specially created 30-second ‘digital commercial’ viewed exclusively on Cadbury Bournville’s official YouTube channel. The video is interactive in nature as daily trivia around the Batman franchise will be posted on it with exciting prizes for lucky winners. Those with the right answers will win passes to the pre-screenings of TDKR which will be organized in Delhi, Mumbai, Bangalore, Kolkata and Chennai.

     

    Mr. Chandramouli Venkatesan – Director, Snacking & Strategy, Cadbury India said: “As the fans await the movie of the year to be released in India, we plan to take the ‘The Dark Knight Rises’ release to greater heights and even greater excitement among Bournville consumers. The movie characterizes strong feeling of emotions among youth, something that Bournville lovers are known for. The Bournville brand fit with the Dark Knight franchise cannot be any better than this. It’s like the Dark Knight really has a Dark companion in India.”

     

    A specially created 30 second TVC on the Cadbury Bournville-TDKR promotion will be starting in the second week of July. The TVC will be aired on television channels and cinema theatres.

     

    The special TDKR packs of Bournville will run an online contest for customers where one lucky winner will stand a chance to win a free trip for two to Warner Bros Movie World in Australia. The contest will be available on all packs of Bournville.

     

    The association will be promoted in-stores through heavy trade activations in traditional and modern trade throughout the month of July. The campaign will continue to be driven through direct marketing and promotional activity.

     

  • Vizeum propels Aegis Media’s expansion in Chennai

    By A Correspondent

     

    The Vizeum operation, which began in August 2009 in Chennai, has not only managed to create an interesting niche for itself, but has paved the way for Aegis Media India to make larger investments in the market. Consequently, Aegis Media India is moving to a  bigger, state-of-the-art-office, which will house Vizeum, Isobar (Digital), Iprospect (Search), Iprospect (OOH), Hyperspace (Retail), Carat  and Carat Fresh Integrated (Activation). The new office will function from the Raheja Towers, Chennai, from July 2.

     

    Commenting on the development Ashish Bhasin, Chairman India & CEO South East Asia, Aegis Media said: “We believe Chennai will be an extremely important market in the years to come and the spectacular success of Vizeum has proven that.  Vizeum has won several businesses and expanded rapidly in Chennai. As a part of the Aegis Media’s geographical expansion plan, we are very happy to launch Carat Media in Chennai and further strengthen the Posterscope Group and Carat Fresh in Chennai. We are investing in a world class, state-of-the- art office, with the latest systems, technologies and connectivity. Shortly our clients in Chennai will have available to them all specializations under one roof. We will soon announce the launch of a few more of our services later this year. Our One Aegis promise will, from July 2nd, be available to our clients in Chennai, too. ”

     

    S Yesudas, Managing Director, Indian sub continent, Vizeum added: “I have to place on record my appreciation for Team Vizeum Chennai who saw the merit in our story and chucked their other established jobs to put their hands on ours when we were just beginning.  We will stay focused on this market in terms of our investment in our product as well as talent. My gratitude also goes out to each of our clients who have stood by us, with a special thanks to Amrutanjan  and Sambhu for being the inspiration for our launch in Chennai.”

     

  • News Corp announces intent to split news & ent biz

    By A Correspondent

     

    News Corporation announced that it intends to pursue the separation of its publishing and media and entertainment businesses into two distinct publicly traded companies.

     

    Upon closing such a transaction, shareholders would hold interests in a publishing company, consisting of the largest collection of best-in-class publishing assets and a new digital education group, and a global media and entertainment company, each of which would benefit from enhanced strategic alignment and increased operational flexibility with respect to an unparalleled portfolio of assets, brands and franchises.

     

    News Corporation’s board authorized management to explore this separation after a board meeting.

     

    The proposed transaction would create global category leaders in both publishing and entertainment: a publishing company, which would be comprised of News Corporation’s newspapers and information businesses in the US, UK and Australia, the Company’s leading book publishing brands, its integrated marketing services company, its digital education group, as well as its other assets in Australia; and a global media and entertainment company, which would encompass News Corporation’s broadcast and worldwide cable networks, leading film and television production studios, television stations and highly successful pay-TV businesses in Europe and India.

     

    “There is much work to be done, but our Board and I believe that this new corporate structure we are pursuing would accelerate News Corporation’s businesses to grow to new heights, and enable each company and its divisions to recognize their full potential – and unlock even greater long-term shareholder value,” said Rupert Murdoch, Chairman and CEO of News Corporation.

     

    “News Corporation’s 60-year heritage of developing world-class media brands has resulted in a large and unparalleled portfolio of diversified assets. We recognize that over the years, News Corporation’s broad collection of assets have become increasingly complex. We determined that creating this new structure would simplify operations and greater align strategic priorities, enabling each company to better deliver on our commitments to consumers across the globe. I am 100 per cent committed to the future of both the publishing and media and entertainment businesses and, if the Board ultimately approves a separation, I would serve as Chairman of both companies,” he added.

     

    News Corporation believes that a separation of the businesses into distinct public corporations with their own identities and strategies would enhance overall shareholder value and allow each company to:

    • Focus on and pursue distinct strategic priorities and industry-specific opportunities that would maximize their long-term potential.
    • Benefit from greater financial and operational flexibility and better position each company to compete.
    • Respond and react more quickly to rapidly-evolving technology and global market opportunities.
    • Tailor its capital structure, and allocate and deploy resources in a manner consistent with its strategic objectives that best enhances value for its respective shareholder group.

     

    With more focus devoted to each business’ financial and operational structure, investors would be able to more clearly evaluate the inherent value of both portfolios of assets and invest in each company accordingly.

     

    The new global media and entertainment company that would be created through the proposed transaction would consist of News Corporation’s highly-profitable cable and television assets, filmed entertainment, and direct satellite broadcasting businesses, including Fox Broadcasting, Twentieth Century Fox Film, Twentieth Century Fox Television, Fox Sports, Fox International Channels, Fox News Channel, Fox Business Network, FX, Star, the National Geographic Channels, Shine Group, Fox Television Stations, BSkyB, Sky Italia and Sky Deutschland, among others.

     

    As a pure-play content producer and distributor, the company would build on its deep heritage in developing incredibly strong, premium content for distribution on screens of all sizes by leveraging its leading content across its entertainment and cable news verticals, as well as its unparalleled collection of regional sports networks, and the industry’s leading movie and TV production and distribution company.

     

    In addition, the entertainment company would benefit from its rapidly growing, high-margin cable network and pay-TV assets, and the distribution capabilities and opportunities associated with its unrivaled global footprint with significant scale across North and South America, Europe and Asia.

     

    The new global publishing company that would be created through the proposed transaction would consist of News Corporation’s current publishing businesses, as well as its book publishing, education and integrated marketing services divisions. The new publishing company would create a scaled publishing platform that would be one of the best capitalized in the industry. The publishing company would have the opportunity to leverage its trusted brands for innovation and value creation across all traditional and digital platforms.

     

    The publishing company would incorporate some of the world’s most successful print, digital and information services brands including Dow Jones, The Wall Street Journal, Dow Jones Newswires, HarperCollins, The New York Post, and The Daily, as well as offer the rich diversity of assets in Australia, including leading brands such as The Australian, The Herald Sun, The Daily Telegraph and The Courier Mail.

     

    In addition, the Company would include The Times, The Sun, The Sunday Times, as well as News Corporation’s integrated marketing services group and its ground-breaking digital education group, including Wireless Generation. With a balanced portfolio of stable and growing news publishing brands and other assets, shareholders would benefit from strong and consistent free cash flow generated by these businesses, over multiple platforms.

     

    Upon closing of the proposed transaction, News Corporation’s shareholders would receive one share of common stock in the new company for each same class News Corporation share currently held. Following the separation, each company would maintain two classes of common stock: Class A Common and Class B Common Voting Shares.

     

    Upon closing of the proposed transaction, Rupert Murdoch would serve as Chairman of both companies and CEO of the media & entertainment company. Chase Carey would serve as President and COO of the media & entertainment company.  Over the next several months, the Company will assemble management teams and Boards of Directors for both businesses.

     

    The separation is expected to be completed in approximately 12 months. Management is developing detailed plans for the Board’s further consideration and final approval. To execute the transaction requires further work on structure, management, governance, and other significant matters.

     

    After receiving final approval of the Board of Directors, News Corporation will convene a special shareholder meeting to consider the transaction.  This meeting is not expected to take place until the first half of calendar 2013.  During the closing process, News Corporation will remain focused on delivering the best possible results for the benefit of its consumers, customers and shareholders.

     

    In addition to shareholder approval, the completion of the separation will also be subject to receipt of regulatory approvals, opinions from tax counsel and favorable rulings from certain tax jurisdictions regarding the tax-free nature of the transaction to the Company and to its shareholders, further due diligence as appropriate, and the filing and effectiveness of appropriate filings with the U.S. Securities and Exchange Commission.

     

    The Company will provide interim updates as appropriate.  There can be no assurances given that the separation of the Company’s businesses as described in this announcement will occur.

     

  • Hathway launches music channel in Bengaluru

    By A Correspondent

     

    Hathway Cable & Datacom Limited has launched a 24-hour Hindi music channel, Hathway Music, on its Digital Cable Network in Bangalore. The channel will showcase the best of Bollywood songs from the classic era of the 50’s-60’s to the melodious hits of 80′-90’s to the latest Bollywood hits.

     

    A non-stop music channel playing back-to-back superhit Hindi film songs packaged with appealing graphics depicting the theme of Bollywood music with various other aspects of Hindi film music. Hathway Music shall have different categories/themes such asDown Memory Lane, Music Stars, Smash Hits, Bollywood Beats, Jumping Jacks, Dancing Queens, and Romantic Melodies and so on.

     

    Haresh Gehaney, Head-Channel Business said that there will be no anchors hosting any shows or distracting viewers with their never ending talks but the channel shall give the audience nonstop super-hit film songs without any interruptions, thus giving a complete dose of entertainment. He added that very soon English content will be added to the channel’s list.

     

    This channel will be initially available in Mumbai, Pune, Nasik, Indore, Jaipur, Hyderabad and Bangalore.