MediAvataar's News Desk
Further strengthening its already dominant line-up of regional channels, Zee Entertainment Enterprises Limited (ZEEL) hereby announces in principle decision to acquire 100% equity stake in Sarthak Entertainment Pvt Ltd which operates ‘Sarthak TV’, the number 1 GEC in Odia language.
The acquisition shall be from current shareholders of Sarthak Entertainment Private Limited, subject to requisite regulatory approvals, as an all-cash deal at a consideration of maximum of Rs. 115 Crores
With this acquisition, ZEEL has entered the rapidly expanding regional market in Odisha. Sarthak TV, the number 1 player in the entertainment space in Odisha would complement ZEEL’s strong regional bouquet of channels viz. Zee Marathi, Zee Talkies, Zee Bangla, Zee Bangla Cinema, Zee Telugu, Zee Kannada and Zee Tamizh.
Launched in 2010, Sarthak TV leads the Odia GEC pecking order. The channel has been successful in creating high quality content catering to the needs of local audience. It airs highly successful reality and non-fiction shows besides being the market leader in the fiction segment.
Commenting on the acquisition, MD & CEO of ZEEL, Mr. Punit Goenka said, “We are pleased to announce the acquisition of Sarthak as we continue to invest in tomorrow. The acquisition of an already profitable, market leading venture is going to be a value accretive investment in line with our philosophy of enhancing shareholder value. Sarthak will further add to our formidable bouquet of 33 channels in the domestic market”.
Mr. Sitaram Agrawalla, Founder & Managing Director of the Sarthak Group and Mr. Raj Thourani, Director, Sarthak TV, further added, “It gives us great pleasure to announce that Sarthak will now be a part of India’s leading entertainment network. Being the oldest and market leading network in India, ZEEL would provide the perfect platform for Sarthak to grow further in the future. With a history of successful operations, we are sure Sarthak will be a great value-add for ZEEL”.
London International Awards (LIA) announces today that the deadline for entries has been moved to the 31st July.
All companies and/or individuals involved in the creative process are eligible to enter. Entries submitted must be broadcast, published or released in a commercial environment with client approval between 1st July 2014 and 31st July 2015.
There is still time for entrants that have already completed the entry process to enter newly released work.
Judging will take place in Las Vegas from 1st October to 10th October. The shortlists will be announced as each judging session concludes, with winners being announced 10th November.
With an increase in the usage of mobile phone and mobile phone Internet, consumers are forcing a digital transformation that must have mobile experience.
More than the quarter of the world population will be using smartphones as projected by eMarketer (2 billion smartphone users). This means billions of mobile phones in the hands of billions of people, whom you need to engage as a brand.
Leading Brands will become More Screen Agnostic
“Today, more than 50% of a person’s time spent is with digital-social-mobile (DSM) media and channels, and over 90% of media consumption occurs across a digital display, including TV. Thirty-six percent of retail sales, or $1.5 trillion, is influenced by DSM, and 86% of people use mobile to influence their shopping decisions,” says Michael Becker, co-founder and managing partner of mCordis. Numbers like these reemphasize the importance of mobile in the digital strategy in 2015. Hence, companies will have to transform to engage digital and mobile users.
More Marketing Dollars will Shift to Mobile
Since consumers will demand amazing mobile experiences in the time to come, marketers will have to revamp their marketing strategies. This will provoke the marketers to shift their focus and investment from what they have i.e. desktop web marketing to what’s trending which is mobile marketing.
Mobile analytics and optimization technologies will also gain momentum to provide relevant, personalized and location-based experiences for users of mobile apps.
Marketers will have to clearly understand the differences and similarities between website and mobile marketing. While differences will include the app store ecosystem, cross-device measurement, and messaging tactics that include SMS, push, and in-app advertising, similarities will include the urgent requirement to acquire responsive and mobile websites to give your users a seamless web experience.
If you are not a mobile first marketer then a combo of formal education, training, and hands-on experience can help you win the race.
Apps within Mobile Marketing Strategy will Gain Momentum
To be more compatible with the current mobile revolution, brands will have to make dual investments in both mobile apps and mobile websites. A report by Adobe reveals that 30% of U.S. companies are spending upward of $10 million on apps and mobile web. Brands will have to look forward to create high utility apps that are sticky and forces consumers to use it time and again. These apps will have to be analytical as well, so as to understand consumer behavior and respond accordingly. Hence, regular updates of these apps will also be a necessary part of creating the apps.
As for mobile web, brands will rather invest in responsive websites than the standard m.dot sites. Brands will have to focus on providing a fast, relevant and seamless web experience to users since website is the first touch point between consumer and brands. Further, responsive websites must be enabled to deliver subsecond response time to user based on the device he is using.
Since, we are moving to a world where everything is literally going digital, the challenge of being present and relevant across an array of digital devices is difficult to manage for many marketers. It is here, when responsiveness comes to rescue with real time marketing that is fast, flexible, fluid and contextual.
Location-based Targeting will become a Priority
According to survey conducted by Adobe, 54% of the marketers surveyed are using or planning to use iBeacons in the next 12 months for location-based marketing. Many retailers, travel and hospitality brands, and media companies with physical venues are already using location-based marketing across various points of interests. Therefore, to reduce the barriers to adoption of location-based marketing brands will have to focus on educating consumers on how location technology can provide them relevant and necessary information.
Asif Khan, Founder and President of the Location Based Marketing Association on CMO.com says that in 2015 ‘location will be seen as the new cookie’ and it will help to track the movements of consumer during the day and across the media platforms that will also include TV, radio and OOH. He further says that marketers will heavily spend on mobile/location infrastructure support with the growth of next-generation GPS and improvements in indoor location technology like iBeacons. Consumers will also keep aside privacy and ethical inhibitions and will readily trade their data on the true value premise for the content that is personally relevant and beneficial for them.
Mobile personalization will be the next big thing
Mobile phones and tablets are a very personal medium of communication. Consumers, therefore, look forward to messages that are more personal and relevant and they expect marketers to deliver what they expect. Since this expectation extends to all digital channels and devices, marketers will look forward to invest to improve their mobile relationship management strategy.
They will make every effort necessary to personalize every mobile touchpoint of scale, across the entire customer journey of millions of customers. Last year a lot of companies gained with their investments on mobile personalization by generating significant incremental value. Though mobile personalization is a prime opportunity, it is a challenging avenue. To make the most out of it, marketers will have to co-ordinate and personalize the message across all the mobile channels.
Mobile A/B testing will become essential for increased ROI
With a gradual yet dramatic shift of consumers from PCs to smartphones, marketers are bound to increase the monetization of their apps and mobile website experience in 2015. The conversion rates from the smartphones and tablets have a wide scope improvement with optimization and technology in the times to come. This brings in the importance of A/B testing more than ever in the scope.
A/B testing will help the marketers test new features and marketing programs, which will reduce the investments and make it cost effective. Further, mobile optimization efforts will be optimized, which will validate the important parts of mobile user experience with live audiences. This will help the marketers gain higher conversions, revenue growth with cost savings.
In 2015, mobile optimization will become more critical with an increase in mobile phone Internet usage for search and purchases. Hence, marketers will have to focus on their website that will give seamless mobile experience first and then focus on the other digital media channels.
Mobile Advertising will Break the Desktop Shackles
The mobile advertising trends of the recent past show that ad spends on mobile specific ads is much less than the time consumers spend on their mobile phones. But, that won’t be the case in 2015. This year will witness a growth in mobile advertising. According to Forrester, mobile advertising will grow and reach $46 billion by 2019 in US alone.
With more and more people shifting to mobile Internet and adoption of 4G services in near future, short mobile videos will become a powerful mobile advertising tool. On the mobile search front, eMarketer predicts that 2015 will see mobile search at an all time high with majority of spend, organic traffic and paid clicks coming from smartphones and tablets, surpassing traditional desktop/laptop search activity.
Programmatic advertising will be a key driver of mobile ad spends. With improved targeting technologies, marketers will look forward to buy audiences and not media channels, which means that a majority of ad placement will be done by algorithms with little human interventions. Hence, in 2015, marketers will look forward to develop, refine and optimize favorable algorithms.
Researches prove that maximum mobile video viewing happens between 9 p.m. to 11 p.m. when consumers are at home, it is advisable that marketers embrace the small screen and consider mobile as an essential for their online video strategy.
Engagement on mobile will become critical to customer retention
A study by Forbes reveals that 90 percent of mobile searches lead to action, more than half lead to sale, and 74 percent of people use their mobile phones to assist them for shopping. Mobile marketing is thus, gradually pacing up as a primary digital marketing channel, since a mobile is emerging as an extension of your customer which is extremely personal and immersive as compared to other media channels.
Mobile marketing is also coming up as a leading channel for inbound marketing. However, mobile marketing is not just about buying and placing more mobile ads, its more about engaging your existing customers with in-app engagement using relevant notifications and valuable content. It is about using the right push points for customer retention.
Games will continue to spearhead engagement
The best way to involve and engage your audience is a gaming app. Your general mobile app can also be equipped with gamification features to target the audience and to keep them coming back to the app for more. A stand-alone gaming app is also something that can win you leads and engage your consumers.
In 2015, event apps will look forward to gamification features. One good way to do it will be to build out a prize pack by involving sponsors. Let your plan be backed by big rewards to ensure engagement with features that benefit your business as well as your consumers. As a gaming app, you can reward your consumers in the form of free chips/coins/game currency
Privacy and data ownership will be critical
In 2015, marketers will focus more on creating policies for digital privacy governance. Emphasis will be laid on making policies that clearly demarcate what data is collected from consumers, how it is used for marketing, how will this data be shared with third parties and how can consumers opt-out or opt-in from data sharing.
On the other hand, consumers will expect simpler ways of data sharing opt-in methods for data collection, location services and other push services. They would expect marketers to make these processes more transparent for privacy and security reasons.
There is a definite shift in the digital media when it comes to mobile strategy in 2015. There will be an increased focus on mobile for internal collaboration. Mobile will also be a pivot of change in the evolution and user behavior on new and existing social behaviors. The number of mobile websites and apps will also see a rising trend. This will increase consumer stickiness and drive more engagement around the brand. In a nutshell, investing mobile strategy is a necessity that will bring in good returns.
Your investment in a good mobile marketing strategy can change a cost center to a profit center!
To download the full report on Mobile Marketing Trends for 2015,click HERE.
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XLRI - Xavier School of Management, one of India’s premier B-Schools, gears up to host “Philips presents VALHALLA 2015, powered by Star”.
The 4th edition of the annual sports and cultural festival is to be held from 24th to 26th July, 2015 at XLRI Campus, Jamshedpur.
The three-day extravaganza shall include a mélange of events ranging from dance, drama and debate to various sporting spectacles of gladiatorial proportions that would be participated by students from other leading B-Schools in the country including the IIMs, XIMB, FMS, SIBM, and NMIMS along with the home school.
As in the previous years, ‘VALHALLA 2015’ yet again prepares to present some of the best talents in the field of music and dance in their Pro-Nights with Prince Dance Group, the ensemble dance troupe from Odisha on July 24th and celebrity singer Shilpa Rao performing on July 25th.
In tandem with XLRI’s spirit of “For the Greater Good”, VALHALLA has always had an undertone of social welfare to it. This year too, the festival will be synergistically supporting Milaap, a crowd-funded micro-financing cooperative.
In addition to the title sponsor Philips and Co-sponsor Star, Tata Steel is one of the eminent corporates associated with the fest.
“Started in 2011, VALHALLA has become one of the most sought after b-school festivals in the country, witnessing footfall of over 3000 in its previous rendition. We hope that the fourth edition of VALHALLA 2015 will unravel itself in all its glory yet again” commented Sahil Kotadia, Convener - VALHALLA 2015.
New logo reflects evolution of company’s business and enhancement of users’ experience
Quikr, India’s No. 1 cross category classifieds business, today officially launched a new company logo. Quikr’s new brand identity symbolises its successful rise to market leadership in the Indian classifieds industry and its transition into a platform that has deep, verticalized offerings in large categories.
The evolution of the company’s brand is also in sync with the evolution of Quikr’s users who have high aspirations, and have increasingly started using Quikr across a variety of categories such as cars, real estate, goods, services and jobs to fulfil these aspirations.
Since the company’s inception in 2008, Quikr has been a pioneer in the online classifieds industry and has launched several innovations in its capacity as a market leader. It was first company to product innovations to buyers and sellers, such as the Missed Call service for new users, Maximum Selling Price (MSP) to help users get the best price range for their goods. Earlier this year, the company introduced Quikr Nxt, a messaging based classifieds experiencing which became a resounding success due to the numerous consumer benefits it offered, including user privacy, multitasking and multimedia communication.
Quikr's new slogan "Aasan hai badalna" reflects the sentiment of today’s India and instantly connects with young, aspiring Indians who seek to change their lives for the better. Quikr, with an easy to use platform, enables consumers to buy, sell and find things that inspire change in their lives. The company believes that change is essential and even the smallest of change has a multiplier effect that can bring big positive changes in one’s life.
Commenting on the rebranding initiative, Pranay Chulet, Founder & CEO of Quikr said, “At its very core, our purpose as a company is to help our users achieve their aspirations and hence enhance their lives. Our platform symbolizes the fact that good things in life are easy to get. Whether people come to us to buy something good or to sell something because they are buying something else, our users always experience positive change when they come to us. Our new logo and brand identity represents this change and the world of new possibilities that comes with it.”
The company’s new logo and brand identity were crafted by Alok Nanda & Company. Commenting on the launch of the new logo, Alok Nanda, CEO of Alok Nanda & Company said, “We created the brand identity and architecture system after engaging in an in-depth, strategic brand repositioning exercise with Quikr. From a design perspective, the ‘Q’ in Quikr is a designer’s dream and has been fashioned to suggest positive change in its users’ lives. The logo retains the blue and green colours for which the company is recognised and the new font is contemporary, yet sleek with a sense of speed which is integral to the name Quikr.”
He added, “After working with brands in banking, real estate, education, FMCG and healthcare, it’s a pleasure to work with a billion dollar digital brand. The power of Quikr’s new identity will truly express itself in the online, digital and traditional media.”