Tag: PM Balakrishna

  • Enough backers for payback series?

     

    By Johnson Napier

     

    The India-England cricket series that kicks off from November 15, 2012 is being billed as a revenge or payback series by most scribes who follow the sport closely. Be it the media, analysts, critics or even players/commentators, virtually all are going gaga about how the current series would be the one to watch out for as India will be fighting to prove its mettle as being the best in the business. The fact that the men in blue were thrashed badly by the Englishmen the last time they played each other makes the cause even more compelling. But is the prevailing sentiment as positive as is being made out to be, or will it be a tough ask for the channel as it begins its quest to draw in more audiences? And, more importantly, what is the response that can be solicited from the advertisers who of late are opting to stay aloof from their association with the sport?

     

    To begin with, the good news is that the tournament begins at a time when most of India is in the mood for celebration what with the festival season already underway. So while partying, visiting relatives and relaxing would be top of mind for most it would also mean being able to sit at home and watch Sachin Tendulkar or Virendra Sehwag get India off to a roaring start. And that’s what is leading everybody to believe that the Series will at least kick off on a high note.

     

    Ayaz Memon

    Anticipating a huge response, senior journalist, sportswriter and now commentator Ayaz Memon is hopeful that the current series will be a success. As Hindi commentator for the current series, Mr Memon sounded positive: “I feel the pressure is more on India as they have to prove a point on the home turf. The fact is that India hasn’t lost a home series since 2004, and also the record since the last 12 months hasn’t been good so the pressure is squarely on the Indian team. Also the team is not in peak form as can be inferred from their recent performances across other tournaments. So one can expect the Indian team to put up a compelling fight, to say the least.”

     

    Backing up his claim, Mr Memon said that the channel has been doing a good job promoting the series. “I will be doing commentary for Star in Hindi and I can tell you that they have done a good job in building up the tournament and promotion-led activities. Even on the print platform the exposure has been pretty good. But we will have to wait and see how it pans out over the next few weeks. But I am sure that the viewership will be higher than the previous Test matches. The fact that you have Sachin Tendulkar playing in the series along with Yuvraj, Harbhajan and also Kevin Pietersen from England etc, I think it will be a marquee series.”

     

    Balakrishna

    Backing Mr Memon’s optimism is PM Balakrishna, COO, Allied Media, who said, “From a cricket and sentiment point of view, I feel people are looking forward to the series. It is being touted as the Grudge Series going by the promotional activities that are being carried out by the broadcaster. The audience really wants to see India thrash the English. So based on the hype, I expect to see more crowds at the stadium and also more ratings for the broadcaster.”

     

    But while the initial sentiment seems bright it is definitely not easy predicting results before the start of the tournament. The prediction becomes even more difficult when the series begins with a Test match and not ODIs or T20 that can guarantee some decent TVRs. When asked about the possible ratings that can be expected, Mr Balakrishna said, “Test matches have never been about ratings like ODIs or T20. But maybe because of the fact that this is a long holiday week, one can expect high ratings at least from the initial match itself. While it would be difficult to hazard a guess, I would be happy to go with an average TVR of 2-3.”

     

    Kartik Sharma

    Kartik Sharma, Managing Partner, Maxus India was more forthright, saying, “Any cricket tournament involving India is always unpredictable but exciting. As Indians, we obviously want our country to win but a sport like cricket is always difficult to predict. If you ask me, the sentiments are purely driven by the results of the first few matches. And going by our ability to digest defeat, we Indians don’t really fare well in that department. By that I mean that if we lose a match or two, we tend to divert our attention to other sports or television properties. But then again, this being a festival/holiday season I expect at least the first few matches to have a decent viewership as people will be at home and thus would be able to watch the matches. By nature, Test matches anyway do not draw in more audiences compared to what the T20 or ODI matches do. So I am expecting an average TVR of 2+ for Test matches and an average TVR of 4+ for ODIs.”

     

    Mahesh Ranka

    Presenting another factor that could guarantee ratings or dismiss them, Mahesh Ranka, CEO, Indus Sports asserted that it may even depend on the opponent playing against India: “If it is Australia or even England, there could be some decent ratings expected, as these teams are ranked higher compared to what a Bangladesh or Zimbabwe series would draw. The thing about England is that we lost to them badly when we went there so hopefully, we can look forward to avenging that result through the current series. And if India happens to win the first match, you could expect more audiences (in the range of 20-30 percent more on the base figure) who will come in for the second match, and so on.”

     

    But in the overall analysis, Mr Ranka is of the opinion that the current series will not have anything great to offer in terms of viewership, at least as far as the Test matches go. “The ratings that Test matches have thrown up in the recent past kind of puts everything under the scanner. Though people (particularly media) tend to hype any tournament, Test matches have never really managed to draw in the audience (viewership). That’s because people have their own mindset behind watching any match and advertisers will always have to move along taking into account the risk of losing out on viewership.”

     

    On the interest shown by advertisers, Mr Ranka said, “From an advertiser’s perspective, one has to always look at why cricket is typically watched: it is brought for reach. There are two things to that. Firstly it is the festival season where advertisers have monies to spend and whether it is cricket or no, they will eventually spend at this time of the year. The rates that could be expected for Test matches in the current series would be in the range of Rs 50,000 to 1 lakh for ten seconds.”

     

    Taking a diplomatic stand Mr Sharma said, “The advertiser sentiment depends on the packages that are being offered by the broadcaster and there are various deals in store. But I wouldn’t be able to comment if the rates are more or less compared to the previous tournaments.”

     

    Presenting a bullish outlook, Mr Balakrishna said that from the advertiser’s standpoint, the sentiment seems pretty positive. “Against the backdrop of digitization, one genre that is the least affected always is cricket, as the sport is not always about being CPRP-led but also about hype and other such factors. So I do see a positive resonance to the whole series from an advertiser standpoint. Also, I am sure that the channel would have factored in the tough economic scenario and therefore would have come up with a competitive package for the advertisers, making it a win-win for both of them.”

     

    So whether it will be a winner or a dampener, what the India-England Series is managing to do is turn the spotlight back to cricket. Which is a good move considering that the recently held Champions League tourney didn’t go down too well with audiences. The icing on the cake would be if India manages to whitewash the team from England. TVCs have been saying that India “Angrezon ki band bajaayega” – that is, will thrash the English. Music to our ears or hitting the wrong notes? The game will tell.

     

  • The Best of Print Ads – 2011

     

    By A Correspondent

     

    You may have seen only a few of them and probably even forgotten the underlying message that the campaigns had to tell. But now you could make a dash to have a hard copy of MOSAIC, a compilation of the Best in Print (campaigns) to have hit India n shores in 2011. The compilation has been put together by 23 creative agencies who have submitted their best pieces of work for the category in 2011. Conceptualised by Sanjeev Kotnala and team from the Dainik Bhaskar Group, the initiative has been made special through the “insights” and “personal favourite” sections that have been provided by Media agency bosses. These include Lynn de Souza of Lintas Media Group, Mallikarjun CR, CEO, Starcom MediaVest Group, PM Balakrishna, Chief Operating Ofiicer, Allied Media and Punitha Arumugam, Director – Agency Business, Google India.

     

     

    Lynn de Souza, Chairman and CEO, Lintas Media Group, Chairman, Aaren Initiative and Director, Karishma Initiative

    “An excellent idea to recreate interest and remind all about the power and impact of the print medium. My only reservation is that there were too many submissions of ‘pretty pictures-pithy headlines’ work that may or may not have been published and did not appear to fully grasp how the medium must be used effectively.”

     

    TOP 5 Choices:

     

     

     

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    1) DNA – ISKCON (Scarecrow India)

    Reasons for choosing: The intelligent use of the cigarette-turned-food visual immediately targets the smoker and invites him/her to contribute in a very simple way to a cause that benefits both beneficiary and the giver – something not easy to achieve. I like the simple, clean look of the ad and the directness of the headline and copy.

     

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    2) Flying machine “What an Ass” (Lowe)

    Reasons for choosing: This is my idea of perfect ad! One that has used all the elements of the print medium – headline, visual, copy to present a bold, modern attitude through a perfectly harmonised contribution of all three. It’s an unmissable ad whether you are a guy or a gal.

     

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    3) Parker – Ramnath Goenka Excellence in Journalism Awards (Lowe)

    Reasons for choosing: A stark headline supported by the simple bottle of ink that says it all. An attention grabbing reminder of the power of the pen to influence the world. Perfect synergy for the subject – Journalism awards and the ‘always memorable’ image of a gold Parker fountain pen.

     

     

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    4) The Times of India – A day in the Life of India (Taproot India)

    Reasons for choosing: Fantastic art direction – great visual appeal that hooks you into reading the whole ad. The contemporary feel, using India n kitsch, with attention to detail, is riveting. (Check out the dog lifting his leg to pee on the bed of nails!) Bright, colourful, crowded yet not messy. I could read it again and again!

     

     

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    5) Vaseline ‘Dear Mr. Vaughan’ (BBH India)

    Reasons for choosing: The kind of ad that every Creative Director who woke up to it that morning would have said: “I wish I had written this”. There are some things you can do impactfully in a topical yet ‘permanent’ medium like print that you can’t do anywhere else, and this ad fits the bill. Nose-thumbingly outstanding!

     

     

    Mallikarjun CR, CEO, Starcom MediaVest Group

    “This is a fantastic initiative. As media agency professionals, our lenses to view the world are different. However, what comes across is that great creative work is universal. Really enjoyed it.”

     

     

     

    TOP 5 Choices:

     

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    1) Audi – World Cup (Creativeland Asia)

    Reasons for choosing: Great connect with the Champion’s Trophy ’85 win. Most of the target audience that can buy an Audi will connect immediately with that moment. For a lot of us India ns, that was the first moment of connect with Audi.

     

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    2) DNA ISKCON Food Relief Foundation (Scarecrow)

    Reasons for choosing: A nice calculus linking smoking to food relief. Very innovative, eye catching visuals.

     

     

     

     

     

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    3) Indigo Campaign (Weiden+Kennedy)

    Reasons for choosing: Stark, consistent visuals. The colours, space everything reflects the qualities of the airlines. Nice word play that grabs your attention and makes you read the copy. The reference to price is as value and not cheap.

     

     

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    4) Nissan Micra (TBWA\ India)

    Reasons for choosing: Simple stark visuals. Driving home the relevance of a small car without talking price, affordability etc. Great, understated use of a celebrity.

     

     

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    Reasons for choosing: Great expedient use of Michael Vaughan’s comment. Superb cut through and great visuals.

     

     

    PM Balakrishna, Chief Operating Ofiicer, Allied Media

    “I think this is a wonderful initiative and exposes the fantastic creativity. It is a very different platform as it is more an appreciation of great work rather than a competition as I believe each creative is great on its own.”

     

     

     

    TOP 5 Choices:

     

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    1) Bajaj Fans (Leo Burnett)

    Reasons for choosing: The best part of this creative is the way it has integrated everyday common issues and weaved them into the core communication of the product. The creative is also very well crafted visually using the very cause of the product making it very effective.

     

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    2) Birla Cellulose (Salt Brand Solutions)

    Reasons for choosing: The sheer aesthetic treatment to the communication draws you and I like the beautiful and colourful way the creative has used nature and the human body (woman). It brings out the environmental friendly nature of the product in a very soft and appealing manner.

     

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    3)Fuji(Grey)

    Reasons for choosing: Colour and background are intrinsic material for any great creative and nothing better than drawing inspiration from Mother Nature and wildlife. The beautiful use of the animals brings the message home effectively and creatively and connects with any photographer or photo enthusiast.

     

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    4)NipponPaints (JWT)

    Reasons for choosing: They say a great picture is worth a thousand words and the effect is breathtaking when it is beautifully woven into the message making the communication very compelling and effective. In this case the product USP, a central factor in the category has been brought home very beautifully for correct impact.

     

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    5) Zee 24 Taas (Draftfcb Ulka)

    Reasons for choosing: Ganpati Bappa has a significant connect with the India n diaspora and especially with Maharashtrians who revere the elephant God. I like the way the creative has beautifully engaged the viewers in an innovative and personal manner and makes it unique and different.

     

    Punitha Arumugam, Director – Agency Business, Google India

     

    “This initiative continues the long tradition of Dainik Bhaskar – breaking boundaries and setting new trends in the industry.”

     

     

     

     

     

    TOP 5 Choices:

     

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    1) DNA Mumbai Marathon (Scarecrow)

    Reasons for choosing: The power of long copy. It brings back memories of the old era, which was marked by a great headline and the power of long copy. It inspires and bonds with its audience.

     

     

     

     

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    2) Murphy Richards epilators (Contract)

    Reasons for choosing: The power of a picture. The visual intrigues, makes you pause, demonstrates the benefit and brings a smile – all this without a single word.

     

     

     

     

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    3) MTR Spicy Pickle (Ogilvy)

    Reasons for choosing: The power of insight. A true South India n like me will see this ad and can only say “How true!” Equating spicy with ‘tears’, the way the ad captures the cultural nuances – awesome!

     

     

     

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    4) Parker – Ramnath Goenka Excellence in Journalism Awards (Lowe)

    Reasons for choosing: The power of words. While most entries used the power of the picture, this ad stands out because it uses print for what it does best – leverage the power of words and intriguing headlines.

     

     

     

     

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    5) Saffola Healthy Heart (McCann)

    Reasons for choosing: The power of an innovation. A great collaboration between the creative agency, the brand team, the media agency and the publication to convey the brand message interestingly and inclusively so as to trigger an action from the reader.

    Best of Print in Dainik Bhaskar Group’s MOSAIC
     

    Some may see India’s performance of bagging just four Press Lions at Cannes out of the 30 that were shortlisted as a drab effort, but then there are some who would like to think of it as being otherwise. After all, Press Lions as a category managed to get India its largest tally of four metals versus any other category at the awards – a valiant effort considering that India finished 2012 with just 14 metals in its kitty.

     

    While the category may have received its fair share of fame at the pinnacle of creative awards, many would agree that Indian adland has failed to laud the finesse that stems out from Print creatives over the years. While such is not the case in some large international markets where creative works across categories gets noticed and rewarded that gesture seems to be missing when it comes to India. Luckily for the creative frat in India, an opportunity to showcase their best works – besides the awards shows – were given a fillip by the Dainik Bhaskar Group that released the first of its kind creative compilation of the finest works produced in Print in the form of MOSAIC 2011.

     

     

    Elaborating on the initiative, Sanjeev Kotnala, VP & National Head, Dainik Bhaskar Group said, “This has been a first year for MOSAIC, which is a rich collection of 150 creative units part of 77 campaigns that have been submitted by 23 agencies.” The creative showcase has been made special through some individual comments and insights that have been posted by creative leaders of individual agencies.

     

    Elaborating on the thought process behind the compilation, Mr Kotnala said: “As a group, we believe that the Indian creative across mediums and media is of international standards, in its thinking, relevance and in its execution. Unfortunately there has been no single reference point for the same. MOSAIC bridges this gap and we would want it to be referred by the creative, clients, media and trade.”

     

    As for the method that was adopted in getting the agencies to submit their campaigns, Mr Kotnala said that it began with Dainik Bhaskar requesting the creative heads at the agency to send their best Print work. “They know better than us – as by placing it in MOSAIC affirms it to be their best work. Though we did have constraints on the number of campaigns we could place in Mosaic from a single agency. This has all been a by-invitation. On the other side, there were few agencies that sent lesser number of creative units as they felt others were not up to the standard to feature in such a compilation. So it was created and evaluated by the creative teams themselves.”

     

    On how print has evolved over the years as a medium, Mr Kotnala said: “Today print ads are working on all fronts of communication. They are not just for the purpose of awareness building or as a source of providing tactical information; they engage and involve the readers and are very result-oriented in their approach. We always held that the idea is more important than the medium. And it will automatically find its right medium for better efficiencies and effectively delivery of the message.”

     

    In fact, the compilation has been made special with the involvement of four media agency heads who’ve provided their assessment of the campaigns. They include Lynn De Souza, Chairman and CEO, Lintas Media Group, Chairman, Aaaren Inititative and Director, Karshma Initiative; Mallikarjun CR, CEO, Starcom Mediavest Group; PM Balkrishna, Chief Operating Officer, Allied Media and Punitha Arumugam, Director- Agency Business, Google India.

     

    With the first edition already finding appreciation within the industry, the Dainik Bhaskar group have their task cut out for the next year too. On his plans for a sequel, Mr Kotnala said, “We would want to see more regional and language work in the collection – and they still should meet the standards set. We would and could try getting clients and media owners also picking their favourites and definitely may wish to incorporate a section on media innovations. Though we have taken the task and brought out the book, in our mind it is an industry level initiative and we would want to keep it that way.”

     

    Mosaic 2011 can be accessed and downloaded at http://i10.dainikbhaskar.com /dainikbhaskar2010/books/ Final_Book.PDF

     

  • The Half-Year That Was-II

    By Team MxM

     

    Continuing with the feature we carried on July 2 (Link: http://www.mxmindia.com/2012/07/the-half-year-that-was/), we bring in more views from the industry on the six months gone by. This half-yearly report card is again a mixed bag – while some have had an excellent run, others had few hitches on the way. Here’s bringing views from some leading players of the industry.

     

    Broadcasting:

    Rohit Gupta

    Rohit Gupta, President, Sony Entertainment Television

    So far, it’s been an excellent year for Sony network. And I’m sure it’s been same for the industry, at large. The industry is still growing and there have been no cuts in spends. People are still putting their money in the medium. I’m sure there is no gloom surrounding this industry. Even the 2008 slowdown didn’t affect us. So, there is nothing to worry about too.

     

     

    Sunil Lulla

    Sunil Lulla, MD and CEO, Times Television Network

    I would say, it has been testing six months for the broadcast industry. The biggest set-back has been the extension of the digitization implementation. The IBF ran a very good campaign for it but since MSOs couldn’t fulfill the requirements, unfortunately it has to be postponed. My advice to the ministry now would be to take strict actions and make sure the new deadline is met. It is important for the industry since it will shape the industry and help us understand it better too.

     

    By and large, important events in the broadcast industry like IPL, Indian Idol did well and a new show like Satyamev Jayate was launched. However, there is still a gap between how a show performs and what the viewers really want. Hence, I think TAM needs to be more clear and needs to increase its sample size too.

     

    But what really shocked the industry was the new adult timings and ‘A’ restrictions on television. What happened with Dirty Picture’s telecast was regrettable. Nevertheless, after the self regulation imposed by various channels – news and GECs – the quality of content has improved.

     

    As from the business point of view, from January till April, it was good; but May onwards the marketers have had a watchful attitude. It might not impact the industry at large, but a certain sections might get affected. Also, given the current economic climate, one will have to keep a very watchful eye for the near future.

     

    Prasana Krishnan

    Prasana Krishnan, COO, Neo Sports Broadcasting Pvt. Ltd

    The last six months have been eventful for the broadcast industry. First it was the whole discussion regarding digitization – from notifications to it finally getting delayed. Hopefully, the new deadline will be met as it is positive for the broadcast industry. Also, the new advertising guidelines set by TRAI will make sure that the market doesn’t get diluted.  Such moves will only benefit the industry and help it grow.

     

    However, there has been a slowdown in ad sales and revenue generation. Everyone knows what happened during an event like IPL. It is a slow phase right now, but the costs of purchasing rights are still high. So, it won’t be wrong to say that testing times are ahead.

     

    K Sriram

    K Sriram, GM, Vijay TV

    The last 6 months in the Tamil GEC space has seen a dramatic change in programming. KBC travelled into Tamil Nadu and with actor Suriya donning the role of anchor. The barrier between the big screen and television was truly breached for the first time. KBC Tamil ensured that prime time television in TN was redefined, as it not only cut across audiences, but also surged ahead of the power cuts and the IPL fever and eroded into SUN TV’s prime time shares. Vijay TV saw a growth of 41 per cent in the year in a market which was otherwise declining. Content came to the fore.

     

    Tamil television also saw the movie acquisition game being taken to another level with Nanban, the hit Tamil adaptation of 3 idiots, being screened within 100 Days on Vijay TV. Another path breaker given that A+ titles before were insulated for a year. Loud and clear in the Tamil GE space – the game just got bigger and in the last 6 months there was only one player playing the game. Competition is sure playing catch up.

     

    Marketers:

    Harkirat Singh

    Harkirat Singh, MD, Woodland

    The overall market in the branded retail segment has been seeing growth. The biggest change that one sees in this segment is that now the growth comes from smaller towns. In the earlier phase, the growth came from metros; and if one ventured into smaller towns in branded retail say a decade back, most likely, things would not fall in place. Now the risk factor in venturing into the smaller towns is much less and there are many players in branded retail who are turning towards these cities knowing that growth opportunity lies there.

     

    For Woodland, last six months have seen steady growth and we intend to open 60 stores this year, though the rider is to expand but be selective. The market, I would say, has been slow. But that is the trend I would say during a particular time of the year where each year business is slow and picks up only later. As for retail, I think the market is vibrant and the sector has been seeing activity and is slated to see increased activity with FDI in retail being relaxed.

     

    Vikas Jain

    Vikas Jain, Executive Director and Co-Founder, Micromax

    For the mobile phone industry there has been no concern about consumption, as the demand for new sets continues to be on rise. The change being that now the customers are well-educated on the mobile sets they want to buy and with change in technology there have been change in the preference on the type of mobile sets. The key, therefore, is to recognize and anticipate the product in demand and meet the needs of consumers. The players need to create a roadmap of the products to be launched rather than get carried away by technological changes. Keep an eye on the changing trends and tweak the launches accordingly.

     

    On the flip side, the devaluation of rupee has put pressure on the margins and Micromax being a player that vouches for being cost effective will not yield to increasing prices of the phone sets. As for following any trend on cost cutting on the marketing and communications front, we have not done any. We continue to be associated with Bollywood and Cricket and would associate if any good opportunity came to us.

     

    Media Agencies:

     

    PM Balakrishna

    PM Balakrishna, COO – Allied Media

    I think the months of April-May were on par but June was not so great. The feeling is that of a slowdown for sure. But an advertising perspective there is cause for worry. It’s a reflection of the economy not looking good in the past few months with petrol prices seeing a hike, inflation seeing a rise and other such factors. These factors play a part in the way media spends pan out.

     

    Where television is concerned there were some properties that did well like the Euro Cup recently and also the IPL before that, but then there are signs of slowdown with advertisers not being too keen to be associated with properties and also with the rates coming down. With Print, which sees ads from sectors like Real Estate and so on, there was a sudden upsurge that was seen in June with most property dealers advertising a lot in dailies and magazines. But that may be a sheer sign of desperation because transactions are not really happening or consumers are not really picking up stocks. There has not been a surge from other sectors as well and they are treading cautiously. So if one were to do a quarter to quarter analysis, one would see that there has been a decline in April-June this year compared to the same quarter last year.

     

    As for the revival, what I have observed recently is that clients have been drawing up plans which they might want to unveil soon, probably around the festival season. But I think overall, the growth will meander along in the next quarter also. Probably the last four months of this year may turn out to be good but whether it is enough to offset the slow-burn over the first six months – I am not too sure.

     

    Anamika Mehta

    Anamika Mehta, COO – Lodestar Universal

    Although we are six months into the year, I do not think the industry will record the original projections that were forecasted. We are just into the first quarter and therefore we cannot conclude much but overall some categories are seeing a slowdown. Sectors like real estate and finance have seen a slowdown in the spends but FMCG companies are yet to go slow. They are playing a cautious game though.

     

    Also, much of the growth is also the result of the current economic conditions which do not look good at the moment. But it will not be all gloom and doom as is being witnessed in Europe but it will also not be a great story as was being propounded forIndia. Also, one cannot predict the exact figure beyond a point but the approach is going to be that of caution.

     

    Sundeep Nagpal

    Sundeep Nagpal, MD, Stratagem Media

    I would say the media industry in India is already feeling the effects of the economic gloom that has been in the works for some time now. From what I have been given to understand the first quarter of this fiscal has been reasonably difficult. In fact nothing can be said about the trend that will emerge in the next six months as there is some amount of scepticism in the industry. Unfortunately, in our industry fluctuations are happening faster than what we have witnessed before – whether up or down. It takes a lot of deeper understanding and attention to details if one has to figure out what the current media scenario correlates to. Frankly, even I do not have an answer to that. It’s very easy to say that it is dependent on the overall global or Indian outlook but that is too macro a view to attribute to. If I was a media planner, I would be looking at ways to look out for the early signals and accordingly find out the relevant methods to adopt. Overall, the industry may just about see a decline in its growth numbers for 2012 than what was originally anticipated.

     

    Advertising:

     

    Arvind Sharma

    Arvind Sharma, Chairman, Indian Subcontinent, Leo Burnett

    As the GDP numbers have been showing a slowdown, one can see that it is getting reflected in the advertising spends too. While at peak the advertising industry was showing a growth of 25 per cent, it would be somewhere around 7 per cent in the first half of 2012. At individual agency level, while we have seen a growth on 40 per cent in 2010 and 25 per cent in 2011, in the first half of 2012 we would see a growth of around 15 per cent. But I think at an individual agency level we still can manage fairly good growth as India has close to Rs35,000 crore advertising expenditure hence the need of the hour is to get aggressive and lay claim to the bigger pie from that budget. This will happen from organic growth from current clients to acquiring new businesses. This growth will also come from making our offering robust.

     

    If one were to look at growth, then in our case, I would say that we have seen growth from our existing clients but growth from new clients or from new major initiatives have been significantly less. However, I would say that the mood currently is to be cautious.

     

    PR:

     

    NS Rajan

    NS Rajan, Managing Director, Ketchum Sampark

    While we have grown by about 20 per cent in the first half, we are witnessing headwinds gathering across various sectors which can in turn affect growth in these segments and consequently the PR business in the second half.

     

    Also margins could be under pressure in the coming months as the increased cost of servicing may not be compensated by incremental revenues unless the economic environment changes significantly which can lift up sentiment.

     

    [To be Concluded]