Multi Screen Media ropes in early sponsors for IPL at 10% higher rates

MUMBAI: Aiming at growth in a slowing economy, Multi Screen Media (MSM) has roped in early sponsors for the IPL at rates that are 10 per cent higher than the previous year.

Vodafone, Pepsi, Tata Photon and Idea are the four advertisers who have returned, indicating faith in the Indian Premier League (IPL) despite the brand value of some of the Indian cricketing icons being eroded due to their poor performance in Australia.

Co-presenting sponsors are coughing out around Rs 680-700 million and associate sponsors Rs 480 million each, according to sources.

The fifth edition of the IPL is obviously gaining from a lean cricketing calendar year. The cricket World Cup was also there last year, just preceding the IPL.

According to a media buyer, telecom companies are looking at this event in a big way this year. "Last year, you had the cricket World Cup just before the IPL which affected interest. This year there is no such issue. The Asia Cup which takes place just before the IPL is a much smaller event," he explains.

The IPL that kicks off on 4 April will still have to counter a tough economy when companies are cutting down on their ad spends. While not revealing any client names or targets, MSM president networks sales, licensing and telephony Rohit Gupta is hopeful of managing some sort of growth. At the same time, he concedes that it is a challenge managing to do this level of revenue.

The IPL, which saw a dip in ratings last year, will be marketed heavily this year. Says Gupta, "At the franchisee meeting in Goa, the stakeholders were clear that there is a need to push up the ratings. You will definitely see more buzz around the event. A bigger push will be made compared to last year, not just by Max but by all the stakeholders. With no World Cup, the IPL will also have have a clearer run this year."

Latest Reads
NeoNiche appoints Harish Iyer as Head: Content Strategy

NeoNiche Integrated Solutions Pvt. Ltd appoints Harish Iyer as their Head: Content Strategy, adding new insights to the experiential marketing company. He will be responsible for spearheading the content services at NeoNiche.

MAM Marketing MAM
Dell launches new campaign ahead of festive season

Dell India has launched its latest campaign, just as the festive season kicks off.

MAM Media and Advertising Ad Campaigns
SBI Life emphasises on happier responsibilities to celebrating life

MUMBAI: SBI Life Insurance, one of the leading private life insurance companies in India, launched its ‘Main se Hum’ campaign today, establishing a sharp focus on the company’s portfolio of protection products. The 360 degree campaign targets millennials across multiple platforms including TV,...

MAM Media and Advertising Ad Campaigns
Vertoz introduces two new business verticals to its portfolio

Vertoz, a leading programmatic ad-tech and digital media company, recently announced the launch of two new business verticals - ZKraft and PubNX. In addition, it also announced the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) to its proprietary programmatic advertising...

MAM Marketing Brands
Leo Burnett India wins Bridgestone’s creative mandate

Tyre manufacturing company Bridgestone has appointed Leo Burnett India as its creative agency.

MAM Media and Advertising Account
Forevermark's new campaign highlights the concept of self-determination

Forevermark, the diamond brand from The De Beers Group of Companies, has launched the ‘The Better Half Within’ Campaign, a reflection of the poised, powerful, and self-determined personality of the woman of today.

MAM Media and Advertising Ad Campaigns
Ipsos hires Sreyoshi Maitra for senior leadership position in Delhi

Ipsos, world’s third largest market research company has hiredSreyoshi Maitrain a senior leadership position,as part of its Delhi Cluster.

MAM Marketing MAM
Garnier Color Naturals announces Taapsee Pannu, Angira Dhar, Neha Sharma as brand ambassadors

Actresses Taapsee Pannu, Angira Dhar, and Neha Sharma are the new brand ambassadors of Garnier Colour Naturals.

MAM Media and Advertising People
Tata Ace Gold celebrates the Spirit of Entrepreneurship; announces 'Ghar Lao Gold' contest

Encouraging self-employment and entrepreneurship in India, Tata Motors Ace Gold kicked started a two month long ‘Ghar Lao Gold’ contest. Five lucky winners will get a golden opportunity to meet superstar Akshay Kumar and take home a brand new Tata Ace Gold worth Rs. 3.78 Lakhs. Additionally, weekly...

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories