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Tag: Siddharth Roy Kapur

  • Projects digital video and gaming to be biggest growth drivers

    CII-BCG Big Picture 2021 Report: ‘Way Forward for Indian Media and Entertainment Industry’

    By Our Staff

     

    The Confederation of Indian Industry (CII) and Boston Consulting Group (BCG) unveiled a report of the media and entertainment sector titled, ‘Blockbuster Script for the New Decade: Way Forward for Indian Media and Entertainment Industry’. The report explores the industry’s status after the impact of the Covid-19 pandemic and highlights key imperatives for achieving its potential over the next decade.

     

    Said K Madhavan, Chairman, CII National Committee on Media & Entertainment and President, The Walt Disney Company India and Star India: “It is delightful to see that the hard work put in by all stakeholders in the face of great challenges, both professional and personal, has paid off and now our industry is back on track. Media and entertainment played a crucial role in helping the country navigate and overcome this crisis and reinforced its role in people’s lives”. The report projects that the industry is set to grow to $55-70B by 2030 at a CAGR of 9-11%, with digital video and gaming being the biggest growth drivers.

     

    Commenting on the report, Chandrajit Banerjee, Director General, CII, added: “CII has maintained its thought-leadership in Media and Entertainment sector over the years through various measures. Industry as well as Government and policy makers value the inputs which CII initiatives add to the knowledge pool of the sector. The Big Picture report, released on the occasion of the CII Big Picture Summit every year, holds a special place in this resource ecosystem. This year’s report, once again put together by BCG with the help of CII Media and Entertainment Committee, looks at the decade ahead, will help businesses chart their growth path and aide the government in framing enabling measures to facilitate further expansion of the sector.”

     

    Said Siddharth Roy Kapur, Co-Chairman, CII National Committee on Media & Entertainment and Founder & Managing Director, Roy Kapur Films: “Film production and film exhibition were amongst the worst affected sectors in the M&E business due to the pandemic. After a long period of shutdown, cinema halls are now back in business with a bang. A record number of big-ticket movies are lined up for release well into 2022. That augurs well for the sector but caps on occupancies, closures of cinemas and modified audience behaviour might impact the speed of recovery. On the other hand, streaming has provided new avenues for screening and broad-based the options available for producers, artistes and technicians. Along with the rise of regional cinema, this marks the start of a truly fantastic decade ahead for the Indian content business. Kudos to team CII and BCG for another enriching edition of the Big Picture report.”

     

    Added Biren Ghose, Vice Chairman, CII National Committee on Media and Entertainment and Country Head, Technicolor India: “This year’s CII – BCG Big Picture report appropriately features the games sector in India captioned the “Future is play”. Despite sporadic regulatory hiccups, in some states, this segment is growing at around 30 per cent per annum which is the highest among the animation and visual effects (AVGC) sector. CII is confident that this report articulates the critical inputs to guide future policy thereby creating an enabling environment for industry to grow. The success of India’s media and entertainment will ultimately depend on the ability to scale world-class creative talent in order to capitalize on the global opportunity in this sector.”

     

    The report highlights the Media and Entertainment industry’s multimodal growth story. The Indian OTT sector is currently in the scaling stage with strong subscription growth and high investment in premium & original content. The sector is one of the most competitive amongst emerging markets with 40+ players representing all types of content providers. “Cord cutting” (cancelling TV subscription and moving to OTT) is in nascent stages and is expected to be limited in the medium term. Said Mandeep Kohli, Managing Director and Partner, Boston Consulting Group India:  “The share of traditional media is slowly declining with increased digital adoption but there is still high headroom for penetration with only 54% of Indian households having a pay TV connection compared to more than 70% in China. For many households, TV continues to be the center of the home and a significant part of family time.”

     

    As was the case with other industries, the past year has been a challenging one for the media and entertainment industry. However, the industry has shown remarkable recovery with TV ad volumes bouncing back to pre-COVID levels and expected to continue growing in the future, driven by increased advertising on regional channels & entry of new advertisers. AVOD is now one of the fastest growing ad segments in India driven by interactive ad formats, blending of content and ads and the rise of short form AVOD platforms.

     

    One of the major themes in this year’s report is the industry’s anticipated transformation over the next decade. The Media and Entertainment industry is at a critical juncture of transformation, offering rapid growth in some areas. “To realise this growth, companies must tweak their strategies to take advantage of the current market situation. In addition to investing in content and technology to improve user experience, companies should also leverage suitable distribution models to enhance reach, focus on providing integrated ad solutions and offer innovative marketing formats to enhance the value proposition to advertisers,” explained Kanchan Samtani, Managing Director & Senior Partner, Boston Consulting Group India.

     

    Setting the tone for the coming years, Madhavan added: “Our industry has always been at the forefront of disruption and we will continue to innovate over the next decade. We will now need new answers and will need them fast, even on the most fundamental things like talent pool to run our companies and methodology for measuring the impact we are delivering to advertisers on our platforms. We will need to continue to embrace change going forward to create the most value for consumers as well as our partners.”

     

     

  • Film-maker Siddharth Roy Kapur was chief guest

    Eggfirst celebrates 16th anniversary

    By A Correspondent

     

    Independent advertising agency celebrated its 16th anniversary last week, and invited film-maker Siddharth Roy Kapur as chief guest.

     

    Eggfirst has clients such as Fino Payments Bank, HDFC Ergo, Bayer, and Roxx among others.

     

    On the occasion, Ravi Banka, MD – Eggfirst said: “It’s a huge occasion for us. When I started in 2004, I did not imagine this is the scale and size we would reach. I kept taking one step at a time with a clear intention of doing good honest work. There three things that define us: Dependable, Dependable, Dependable. This is how we coined our new tagline – As good as our word. I am thrilled that the results have paid off. A huge thank you to all our clients, partners and of course, my amazing team, who have been equal contributors in this journey.”

     

    Added Kapur: “My hearty congratulations to Ravi and the entire team. It’s not easy to have such longevity in advertising, but Ravi has shown that with commitment to your work, and genuine relationships built over years, you can scale great heights. He has a fantastic, energetic team. My best wishes to Eggfirst.”

     

     

  • The PGI recognised the contribution of the late Kulmeet Makkar, who helmed the Guild for the last decade

    Nitin Tej Ahuja appointed CEO of Producers Guild of India

    By A Correspondent

     

    Nitin Tej Ahuja

    The Producers Guild of India (PGI), the leading film, television and digital content producers’ body in India, has announced the appointment of Nitin Tej Ahuja as Chief Executive Officer.

     

    Announcing the appointment, Siddharth Roy Kapur, President of the Producers Guild of India, said: “I have known Nitin for many years as someone with an expansive and in-depth understanding of the media and entertainment industry. He is uniquely equipped with the knowledge, experience and ability to take on the challenges and to build on the opportunities that will be presented by the unprecedented times ahead of us. I am confident that in this role, Nitin will be a huge asset to the PGI and to the industry as we move forward.”

     

    Added Ahuja: “As a long-time observer and admirer of the Guild’s wide-ranging and pathbreaking initiatives in championing the interests of content producers, I am honoured to serve in the continuation of the Guild’s untiring efforts. I look forward to working closely with the PGI President and members as we navigate the challenges brought about by the global pandemic and the vastly different landscape that awaits us in the post-Covid world”

     

    Said Kapur: “I also want to take this opportunity to recognise the immense contribution of the late Kulmeet Makkar, in his role as CEO of the Guild for the past decade. His sudden demise left us all in grief, and created a huge void at the PGI. Kulmeet worked long and hard with passion and perseverance to bring the Guild to its present stature, and I have no doubt that Nitin will go on to ably build on this wonderful legacy.”

     

     

  • Samat succeeds Siddharth Roy-Kapur, who is departing the company to explore his own business interests

    Mahesh Samat to return to Disney, as CEO, Walt Disney India

    By A Correspondent

     

    Mahesh Samat

    Walt Disney International, a division of The Walt Disney Company, has announced that Mahesh Samat will return to his leadership role of The Walt Disney Company India as Managing Director. Samat will resume management of all Disney businesses in India (except ESPN), with all local business segments reporting into him. He will take charge on November 28 and report to Andy Bird, Chairman, Walt Disney International.

     

    “Mahesh guided Disney in India in its early days, and we are thrilled with his decision to return to the organization he helped build,” said Bird. “We are encouraged by the opportunity we see to further grow our business in India and believe Mahesh’s entrepreneurial spirit, knowledge of our brands and franchises, and long-standing expertise in our broader operations will continue the momentum we are experiencing in this dynamic market.”

     

    Samat succeeds Siddharth Roy-Kapur, who is departing the company to explore his own business interests. “Sid is a pillar of the Indian entertainment industry and has demonstrated passion and commitment for the Disney business. He carved a strong position for Disney in the Indian media and entertainment space that positions us well for the future. We are immensely thankful for his service and wish him well in his next venture,” Bird said.

     

    As Managing Director, Samat will have responsibility for setting and driving The Walt Disney Company’s strategy, coordinating all business efforts in India including overseeing Disney global franchises in the market, expanding existing businesses, and creating new business opportunities.

     

    Samat departed Disney India four years ago to establish Epic Television Networks and was Founder and Managing Director of The Epic Channel, a popular Hindi entertainment channel (HD) focused on history, folklore and mythology-based content.

     

    “It’s exciting to return to the wonderful world of Disney,” Samat said. “Disney really is special entertainment with heart, and I am delighted to see that the unique stories and iconic characters of Disney, Pixar, Marvel and Star Wars–as well as our homegrown brands of Hungama, Bindass and UTV–continue to find a home among Indian audiences. Moving forward, we’ll accelerate the great work done by the team and create new, innovative ways for audiences to engage with our stories, brands and characters, and drive growth across our businesses.”

     

    With more than 25 years of experience in FMCG and Healthcare across India, Asia-Pacific and Europe, Mahesh originally joined Disney from Johnson & Johnson, where he was Managing Director, Southern Europe, J&J Vision Care, based out of London. Prior to Johnson & Johnson, he worked for Kellogg’s, Warner Lambert/Parke-Davis, and Boots India Limited.  Samat holds a Bachelor of Commerce degree from Sydenham College and a Masters degree in Business Administration from the Indian Institute of Management.

     

  • The company is targeting people in the age group of 4-34, with an eye on expanding advertisers’ base and revenue

    Disney launches new reality-based content to target kids and young parents

    By Deepali Gupta

     

    It’s not just kids. When Disney launches new reality-based content on its kids channel shortly in India, it is targeting young parents as well.

     

    Every weekend, the flagship Disney children’s channel will air three hours of fresh content, created in association with production houses Optimystix, Cinevistas and The Troublemakers. The company is targeting people in the age group of 4-34, with an eye on expanding advertisers’ base and revenue. “We are now evolving to appeal to the progressive Indian family of today,” said Siddharth Roy Kapur, MD of Disney India.

     

    Disney has eight channels in India, including the Disney Channel that will soon complete 10 years. Of these, four cater specifically to the children’s segment: Disney Junior, Disney XD, Hungama TV and Disney Channel. Fresh content at the moment is for just the last one. “The channel enjoys high parental approval.

     

    We are now trying to turn it into parent engagement,” said Vijay Subramaniam, vice president for content-communications. The first new show – ‘Maan Na Maan Mein Tera Mehman’ – is about a family that finds a photo frame that brings to life the departed souls, who return with a task to complete.

     

    The second is a family drama and third of a 40-year-old school dropout who must pass to inherit wealth left behind by his uncle. Reach expansion is part of Disney’s global strategy to engage audience for 360-degree buying, such as Mickey merchandise that ranges from lunch boxes to neck ties for adults.

     

    The children’s segment in India generates annual advertising revenue of  Rs 300-350 crore and Disney India has a 36-42% market share, said a person familiar with market details.

     

    Source:The Economic Times

    Copyright © 2014, Bennett, Coleman & Co. Ltd. All Rights Reserved

    Licensed to republish

     

  • The studio is gearing up to recreate the remarkable epic story in live action on a large scale

    Disney India to develop ‘The Mahabharata’ for the big screen

    By a correspondent

     

    Disney India’s studio business has announced plans to bring the epic mythology tale The Mahabharata to the big screen. The studio is gearing up to recreate the remarkable epic story in live action on a large scale, which will be directed by Abhishek Kapoor and written by renowned author Ashok Banker.

     

    “Indian mythology has a great wealth of stories which have inspired legions of creative minds and The Mahabharata unarguably is the most ambitious and all-encompassing of them all. We believe this epic which has engaged generations of Indians will translate into a magnificent silver screen saga,” said Siddharth Roy Kapur, Managing Director -Disney India.

     

    “The Mahabharata expresses the universal truth; it has defined my understanding of spirituality and of all humanity. I aim to translate this onto the big screen, engage minds and deliver a world class cinematic experience,” said director of the film Abhishek Kapoor. “There could be no one better than Disney India, with its prowess as a creative and distribution powerhouse, to narrate this epic in the manner that befits it.”

     

    For the first time in Indian cinema, a single narrative will be told across two movies. The film will go into pre-production post the completion of Abhishek Kapoor’s next venture with the studio, Fitoor, which goes on the floors in July.