MxMIndia

Tag: Red Fm

  • In association with T-Series, RED FM regales its listeners with superhit compilations.

    RED FM to launch Superhits TOP 30

    By A Correspondent

    This Diwali, RED FM celebrates the joy of the season with full-on entertainment and energy. Presenting an absolute dhamaka to its listeners, in association with T-Series, RED FM announces the simultaneous launch of 93.5 RED FM SUPERHITS TOP 30, across its network. To be unveiled on October 26, this Superhits CD boasts of a compilation of the Top 30 songs from Bollywood movies released this past year.

    93.5 RED FM SUPERHITS TOP 30 is a reflection of the CHR (Contemporary Hit Radio) format followed extensively by the station. With the launch of the music CD, the station for expression will engage its listeners through exciting on-air contests giving them an opportunity to win their very own copy of the 93.5 RED FM SUPERHITS TOP 30.

    Speaking about the association, Mr Rana Barua, COO, RED FM 93.5 Network said, “Listeners tune into RED FM because they know that it is the only radio station that plays contemporary hit music across shows. Similarly T-Series has regaled the audience over the years with one chartbuster after another. Through this association with T-Series, the listeners are in for a very good time as they will be treated to an exclusive compilation of 30 rocking chartbusters. This endeavor, will surely usher the festive celebrations with gusto!”

    Says Mr Neeraj Kalyan, President, T-Series, “We are delighted to partner with RED FM in launching Superhits T30 music CD which is a compilation of chartbusters that has been serenading the airwaves all year round! Since RED FM is the only radio station that plays contemporary hit music, our synergies matched effortlessly. Through this partnership, we intend to reach out to maximum number of people across the cities this Diwali.”

    With songs from the movies such as Rockstar, Dabangg, Ready and Delhi Belly amongst others featuring in the CD, RED FM reinforces the fact that it is the only radio station that breaks the clutter by promoting contemporary super hit music!

    Says Nisha Narayanan, Senior VP Projects & Programming, RED FM 93.5 Network, “Superhit Top 30 has always been the trademark for Red FM. It is this show that is associated with RED FM across India. Thus, with the kind of response the show has received, Red FM has decided to launch the compilation of top 30 songs in a CD and who better to do it with than TSeries. The compilation consists of the best voted songs in the chartbusters for the last one year. We are happy to have associated with one of the best music company – ‘TSeries’ and hope that our clients and listeners like this gesture of us in the form of Superhits Top 30 for this festive occasion.

  • The foreign investment limit for FM radio has been enhanced to 26% from the earlier 20%. This change ensures conformity of the foreign investment limit in this sector with other similar activities in the Information & Broadcasting sector. Are the players satisfied with the increase?

    FDI’s 26% allowance: Are radio players happy?

    By Shubhangi Mehta

     

    The government has enhanced the foreign investment limit for FM radio to 26 percent from the earlier 20 percent.

     

    This change ensures conformity of the foreign investment limit with other similar activities in the Information and Broadcasting sector.

     

    Rana Barua

    Is the increase adequate or was there more that was expected?

    Mr Rana Barua, Chief Operating Officer at RED 93.5FM, put forth his views by stating,” it’s a positive sign for sure for the industry .

    Whether Red Fm is looking at upping the Astro stake, Mr Barua said, “We will try and look at that but this will all depend on internal decisions hence there is not much to be said on this as of now”.

     

     

     

     

     

     

     

    “It is a welcome change but we will be able to gauge its real value closer to the bidding date of phase3 when migration policy is clear.  While radio in india is possibly one of the highest CAGR media in the world, the global economic situation needs to be accounted for in order to ascertain foreign investment’ interest,” said Mr Vineet Singh Hukmani, MD, Radio One.

     

    Apurva Purohit

     

     

    On this Ms Apurva Purohit, CEO, Radio City 91.1 FM said,”The increase in FDI in Radio sector from 20 to 26 percent is not really going to make any dramatic impact on the industry. It is too less and even now not on par with other media like TV or DTH.”

     

     

     

     

     

     

     

     

     

    Prashant Panday

     

    Mr Prashant Panday,CEO,Radio

    Mirchi, remarked, “A higher FDI limit will help FIIs to trade more in radio stocks that are listed. Till now, the limit was 20 percent and when FIIs approached that number, they had to take special permission from RBI to buy more. Now that limit has been raised to 26 percent and that will help increase volumes on listed radio stocks.”

     

     

     

     

     

     

     

    Will this encourage more foreign players to invest in the market?

    On this Mr Panday said,” Whether it will have any impact on strategic investments from foreign companies in India or not remains to be seen. On the one hand, the radio sector in India offers tremendous growth opportunities. But on the other hand, the sector’s profitability has been in question for much of the last five years. Even going forward, if bidding in Phase-3 becomes unreasonable, profitability could be in serious jeopardy. Further, foreign ncompanies are themselves operating under uncertain conditions in their own markets. Whether they will be willing to invest in India at this point in time remains to be seen.Also, given the condition of the money markets in India right now, it is unlikely that fund raising will be very easy. Given all of this, I think FDI investments into the radio sector in India will be limited.

     

    Mr Barua on the same said,” I’m still not sure if the rise will encourage new players to enter the market. The rise is there but when it comes to analysing it, I have always encouraged a higher percentage. In my opinion this rise is not high enough and leaves us with a doubt if it will actually egg on more foreign players”.