Tag: KKR

  • Mullen Lintas wins communication partner for KKR

    By Our Staff

     

    Kolkata Knight Riders (KKR) has appointed Mullen Lintas as its communication partner for the cricket team’s creative mandate for Tata IPL 2022. The creative agency will be responsible for delivering the campaign idea for the latest IPL season.

     

    Speaking on the partnership, Binda Dey, CMO, Kolkata Knight Riders said: “KKR fans have always been the focus of our campaigns. We are fortunate to have one of the biggest fan communities that passionately root for the team. Our new campaign for this game season, designed by the Mullen Lintas team, aims to capture the frenzy and love our fans have always shown us unconditionally. We look forward to watching our fans cheer us on as they always have and have a great season together.”

     

    Priya Balan
    Priya Balan

    Commenting on the association, Priya Balan, Executive Director, Mullen Lintas added: “IPL is as much about the franchises and players as it is about fans. The game is incomplete without the latter. Teams thrive on fans’ love and enjoy a sense of responsibility towards them. IPL is a shared space between the team’s players and their fans. Being the year of change and induction of new team members, our campaign for KKR seeks to strengthen and widen this beautiful bond with its large community of fans.”

     

  • IPL Cricket & Ads: The Parallels

    Screengrab from Disney+Hotstar website (https://www.hotstar.com/)

     

    By Vikas Mehta

     

    Vikas MehtaI write this review while watching the final of the Indian Premier League (IPL). For me, the tournament and the players had lot of parallels with the ads that were on the air. Let’s dive into these.

     

    This tournament saw a revival in fortunes of established teams like Chennai Super Kings (CSK) and Kolkata Knight Riders (KKR). As well as some old stars like Uthapa and Du Plessis. Advertisements which ran in the first edition of this IPL and were then forgotten saw a revival in this extended edition of IPL. Finolex, Phone Pe, Unacademy, Dream 11, Mutual funds….

     

    This IPL saw a lot of established players disappoint. Rohit Sharma, the Pandya brothers, Rahul Chahar, Hazelwood, Morgan, Dinesh Karthik, Rabada… all disappointed. Similarly ads from established brands like Coke, Thums Up, Ceat, Berger Paints, Sprite… disappointed. Eminently forgettable performances.

     

    In the league stage, Delhi Capitals dominated the tournament by winning 10 out of their 14 games. Similarly edtech as a category dominated the ad scene. Byju’s, Byju’s Adarsh, Byju’s Whitehat Jr, Lido small group tuitions, Unacademy, UpGrad, Great Learning etc showed the potential and dominance of the category.

     

    For M S Dhoni there was double success. While his contribution to CSK lifting the trophy was not all that significant, his single-handed contribution of appearing in most number of ads was unmatched. Homelane, Dream 11, ITC Yipee, Mutual Funds sahi hai, Indigo paints all benefitted with the free time he has since his retirement. I won’t be surprised to see him soon in some ed tech ad too.

     

    The last few matches of the tournament saw a new campaign by Dream 11. Captioned Dream Big, the campaign I thought was a standout. Using different players, they used a different narrative for each under the Dream Big Umbrella. It’s interesting storytelling and flexible format was excellent. I liked almost all the ads, with Hardik Pandya, Dhawan and Bumrah being my favourites. A standout performance almost like the performance of K Rahul and Harshal Patel who stood tall amongst the batsmen and bowlers respectively.

     

    Venkatesh Iyer was the star new kid on the block. He played aggressively and even had a good differentiation because he can roll over his arm effectively. The Oven Story ad was a good parallel here. A seemingly new entrant, at least as an IPL advertiser, the brand had interesting differentiation in the Pizza category and created a good enough impact for my daughter to order for it.

     

    While the performer of the tournament was a difficult choice between Gaikwad, Iyer and Patel,  for me the best ad performance came from Neeraj Chopra in the Cred ad. He blended well into the narrative and looked as natural as he does on the athletic field. But the new Cred ad featuring Kapil Dev on the last day was a total disappointment. It did not have the energy and joie de vivre that all the other Cred ads have had. It looked like the opening ceremony of most IPL tournaments. Too much pomp. Very little narrative.

     

    But overall the ads were very tepid. The use of celebrities dominated the scene. Dhoni, Ranveer Singh, Kohli, Bumrah etc were omnipresent. The narrative though was predictable and in most cases just relying on star power. Frankly, the second half of IPL was similar. With just two-three games going to the wire, the one-sided final was a reflection of how most of the games panned out.

     

    The parallels continued right till the end. There was a lot of speculation about Dhoni’s retirement from IPL as a player. And the suspense continued even in the post-match interview. Will he retire or continue?  Exactly the same thing happened with the Kamla Pasand surrogate ad of Amitabh Bachchan. With a holier-than-thou attitude, he made a grand statement of withdrawing from the ad and returning money for the ad as he did not know it was a surrogate ad. He obviously does not live on earth. But like Dhoni, the ad was not retired, even five days after AB’s statement. It was there in the finals too. What did disappear, albeit briefly were SRK Byju’s ads. But blink and they were back. All the twitter brouhaha lasted for just a few days.

     

    There was one area where the parallels ended. CSK proved that old is gold. A team led by a 40-year-old with many players above 30 and retired from all other types of cricket, the team did well to win the tournament. The same, of course, cannot be said of the old traditional brands which have ceded ground to new category and brands and have been totally eclipsed. Let’s hope these new categories and brands do create new benchmarks in their advertising too. The next edition of IPL will tell us if that comes true. Till then au revoir, sayonara, alvida, tata.

     

  • KKR backed EuroKids Group unveils new identity

    By Our Staff

     

    EuroKids Group, backed by global investment firm KKR, unveils its new identity ‘Lighthouse Learning Private Ltd.’ The new identity reflects the company’s vision to be a high quality educational platform which offers the best educational experiences through its various brands.

     

    Said Prajodh Rajan, Co-founder & Group CEO, Lighthouse Learning: “As we focus on an emergent future, we are embracing change in the form of a new identity. We offer high quality education to over 150,000 children every day across our 1,200+ pre-schools and 38 K-12 schools. Our child-first, outcome-driven approach emboldened with our new vision will continue to seek the highest benchmark in learning. However, our greatest joy will always lie in witnessing how education ignites a sense of curiosity – not only in young minds but in the education community and in shaping who we are. Lighthouse Learning will serve as a guiding beacon in setting new standards in education and driving new strategic initiatives for the organisation. Like a lighthouse, we strive to guide our students towards being change-makers of tomorrow.”

     

  • TV9 Network bags sponsorship of KKR, bets big on cricket

    By Our Staff

     

    TV9 Network has extended its partnership with Indian Premier League 2021 (IPL 2021) team Kolkata Knight Riders for the second consecutive year. The TV9 brand will be on the Kolkata team’s jersey starting April 9 and until May 30, when the final match will be played. Last year, TV9 Network had also sponsored Trinbago Knight Riders, KKR’s sister franchise in the Caribbean Premier League.

     

    In addition to KKR sponsorship, TV9 Network has signed a deal with Star Sports for sponsorship of the Action Replay Bug across all the IPL matches and multiple feeds of Star Sports. The Action Replay Bug will showcase logos of the network’s key channels, including TV9 Bharatvarsh, TV9 Telugu, TV9 Kannada, and TV9 Bangla. TV9 Bharatvarsh, the network’s Hindi news channel which made television history by catapulting itself to the top 3 position in record time, will also be taking spots on Star Sports during the two months of IPL.

     

    Barun Das
    Barun Das

    Speaking on the network’s aggressive growth plans, CEO Barun Das, said: “We became the biggest TV news network less than a year ago, and now it’s the turn of our digital business. To have grown at this dizzying pace feels great but, honestly, we have just begun. You can expect a series of globally benchmark-setting moves from the network in the months ahead.”

     

    Welcoming TV9’s return as a sponsor, Venky Mysore, CEO of KKR said: “TV9 is a perfect partner for KKR because it is a rapidly growing brand across television and digital, with a phenomenally strong regional footprint to boot. So, we are glad to have them on our jersey in IPL 2021 as well. The recent launch of the Bangla news channel, TV9 Bangla from the network is sure to add tremendous value to both our brands by building a connect with the spirit of Kolkata. We look forward to continuing this association for years to come”.

     

    TV9 Network is also the only news brand to leverage IPL 2021 on Star Sports with strategically deployed commercials, notes a company communique. Said Arshad Shawl, Director, Alliance Advertising & Marketing, the agency that facilitated the deal: “IPL provides the perfect platform for high visibility in the right frame of entertainment and sports. TV9 is already a formidable player in the TV News genre, coupled with fastest growing digital news platform in India in the recent months. The positive associations & reach from IPL will help TV9 increase the channel footprint nationally and respective regional feeds as a part of their envisaged growth trajectory.”

     

     

  • KKR invests in CA Media, set up Emerald Media to further media investments. Rajesh Kamat to co-lead Emerald

    By A Correspondent

     

    Rajesh Kamat

    Global investment major KKR and The Chernin Group, LLC have announced a multi-faceted partnership that includes the creation of Emerald Media, a new enterprise to fund investments in the media and entertainment industries across Asia. KKR has committed up to $300 million to the Emerald Media platform from its KKR Asian Fund II and The Chernin Group will join as a minority co-investor. KKR has also acquired a significant, minority stake in CA Media, the existing Asian media portfolio of The Chernin Group.

     

    Leading industry veterans Rajesh Kamat and Paul Aiello will jointly head Emerald Media and will be joined by an experienced team of operating executives. Emerald Media will have offices in Mumbai, Hong Kong, and Singapore. Kamat and Aiello will continue to manage the CA Media platform, which includes assets in India (Endemol Shine India, Graphic India, Fluence, and Only Much Louder or what’s better known as OML) and in Indonesia.

     

    Emerald Media will focus primarily on providing growth capital ranging from US$15 million-US$75 million for both control and significant minority positions to media, entertainment, and digital media businesses in Asia, according to a communiqué.

     

    Said Joseph Y Bae, Member of KKR & Managing Partner of KKR Asia: “The growing middle class in the region is using its discretionary income on Internet connectivity, but the industry itself is fragmented. Investing behind proven leaders in industries with high growth potential and partnering with them to grow their business is a cornerstone of KKR’s Asia strategy. We look forward to working with experienced media leaders Rajesh and Paul in this dynamic sector.”

     

    Sanjay Nayar, Member of KKR & CEO of KKR India, added: “The media, entertainment and digital media segment across Asia especially in India enjoys attractive macro fundamentals, mirroring the trajectory of the region’s consumer sector. This is a fragmented industry, and we are excited to work with industry veterans to identify the next generation of media and entertainment companies we can partner with and support.”

     

    Peter Chernin, Chairman and CEO of The Chernin Group noted: “This partnership provides TCG and its fellow investors in CA Media with a unique opportunity to continue to work with a best in class management team and leading global investors at KKR in Asia.”

     

    Added Kamat: “The media and entertainment sector is on the cusp of a strong growth phase—driven by media convergence, an attractive investment environment, and rising discretionary spends. With the building blocks for growth in place, there is a significant opportunity to create a diversified portfolio of assets in this space, building on our accomplishments and ongoing work with CA Media and The Chernin Group,”

     

    Said Paul Aiello: “With the Asia media industry experiencing rapid and transformational changes driven by digitisation and growing internet and mobile penetration, Emerald Media will invest across mediums, demographics, and revenue models to continue driving such transformation.”

     

  • Can Brand Mumbai be revamped?

     

    By Rahul Sachitanand

     

    Rahul da Cunha

    The raid by the social service branch of the Mumbai police dominated dinner chatter at Cafe Zoe, a hip restaurant in Lower Parel a few days ago. Affluent diners whispered about the people who were stuck in the restaurant on the day of the raid, how rudely the police behaved and even made bad jokes about what to do if they should turn up again mid-meal.

     

    All this was a bit much for Rahul Da Cunha, ad man and theatre person who was having dinner at the joint recently. “Mumbai’s brand has taken a bad beating,” he complained.

     

    “The spirit and hustle that defined the city is ebbing away.” Over-reaching law enforcement tangling repeatedly with the city’s commercial capital is hardly the sole factor battering its brand. Living in a city of 15 million people – give or take a couple of million hapless immigrants – has become increasingly impossible.

     

    Narinder Nayar, chairman, of NGO Bombay First, has worked with four chief ministers and five chief secretaries, and a raft of other politicians and bureaucrats to try to rejuvenate India’s commercial capital, but has rarely seen his forum’s ideas get beyond the stage of conceptualisation. “Everyone is receptive to ideas and suggestions,” said Mr Nayar in his office in the commercial district of Nariman Point. “There are lots of ideas but the thought behind them is poor and their execution tardy.”

     

    He points to the Bandra-Worli Sea Link, initially planned as a Rs400 crore proposal to connect the suburb of Bandra to Haji Ali towards the southern tip of the city. While the sea link up to Worli in central Mumbai helps decongest some of this north-south traffic, commuters will have to slog through jams for some time more, since the second leg of this sea link has been scrapped.

     

    “Mumbai has 15 different agencies responsible for its upkeep …some are based in the city and some like the railways in Delhi and they rarely talk to each other,” said Mr Nayar. The city’s infrastructure as a result has struggled to keep pace – no new railway lines have been added to the existing network in over four decades and monorail and metro plans are behind schedule.

     

    Mumbai’s perception only takes a further beating when you look at other factors that influence a city’s brand image. For example, it has few open spaces and gardens for its inhabitants to relax in, antiquated laws, exorbitant rentals for matchbox housing and once a year during the monsoons they prepare for the worst as clogged insufficient drains usually bring India’s capital of commerce to a standstill.

     

    “We are a city living with 19th century infrastructure and 21st century population,” said Mr Nayar. While the administrators of Mumbai may seek to position it as a global business nerve centre, the likes of Shanghai, Dubai, Hong Kong and Singapore have stolen a giant march on it.

     

    Sanjay Nayar, who returned to India a decade ago – after stints in the US and Europe – to run Citibank’s India unit and then moved to private equity giant KKR, is incensed at the state of affairs.

     

    “As a city to live in, Mumbai’s reputation has crumbled,” he said. “There is little governance and the city is in total neglect.” Hobbled by two different parties controlling Mumbai and the state administration, few sweeping civic reforms have been possible and the patience of corporates is beginning to wear thin. “There is a lack of direction and conviction with the people running this city and that’s adversely affecting its perception,” he added.

     

    Some corporates have even begun to work out of Singapore and Hong Kong, even though they live in India, he claims. It is these over-the-top solutions that are hurting Mumbai’s reputation and its brand on the global stage the most.

     

    Luis Miranda, a veteran investor who lived in south Mumbai before moving to the tony suburb of Bandra, said overall the city’s no longer the same.

     

    “There is a sense of lawlessness in this city and a breakdown in civic sense everywhere,” he said. The result is that characteristics that defined Mumbai – like lifestyle and diversity have vanished. For instance, the city was always one that welcomed outsiders and despite the odds, gave them a fair opportunity to start from scratch.

     

    “This is no longer the can-do city where you can get your job done and then relax without being worried that you’ll be thrown in jail,” said Rahul Akerkar, managing director and director, cuisine of de-Gustibus, a hospitality business which runs the popular Indigo chain of fine-dining restaurants.

     

    Jacques Challes spent four years in India as managing director of cosmetics and personal care giant L’Oreal’s country operations and has seen the city evolve in that time. While he lived a cushy life in south Mumbai, he began to increasingly look forward to heading out on an Enfield motorbike to take in the Indian countryside.

     

    “I was happy as an expat, although I could understand the desperation of my Indian friends with a city that is evolving so slowly and maybe in the wrong direction,” said Mr Challes who returned to France in May this year to take up a bigger role at L’Oreal. For a multinational, the opportunity for growth in India may outweigh valid concerns pertaining to quality of life. “As long as there is growth and potential in India, people will live with these conditions,” Mr Challes admitted.

     

    Agnello Dias

    Agnello Dias, co-founder of Taproot, says the city may be paying a price for its commercial success. “Mumbai’s economic rise has resulted in its spirit being taken away,” said the long-time resident who has seen the character of the city transform over the past decade or so to a point where people have little ownership of it and therefore, take little interest in its upkeep.

     

    “Mumbai has become a cash cow for the country,” he added. “Bombay has been broken up into many Mumbais.” Mumbai is doubtless a struggling brand, and ad folk have a few suggestions on how to renew its jaded brand.

     

    Josy Paul

    According to Josy Paul, chairman & chief creative officer of BBDO, Mumbai should focus on its people, arts, culture and heritage. “Mumbai is a melting pot of talent,” he said. “People can make cities great.”

     

    Mr Paul also says that as part of a re-branding exercise, the city’s administrators can use existing natural resources to brighten brand Mumbai. At the end of the day, Mr Paul says, Mumbai is like the world’s largest piece of blotting paper, willing to absorb an astonishing amount of people. “The key to fixing Mumbai’s brand is building a sense of belonging among everyone who call the city home.”

     

    Source: The Economic Times

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    Photograph of Gate way of India: Fotocorp