Specials

2014 was the year of innovations in digital advertising: CVL Srinivas

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/event-coverage/2014/12/13/year-ender-logo-unit.jpg?itok=8CV8uaax

From a media perspective 2013 was the year of the perfect storm and something tells me that there is lots waiting to unfold in 2015.  Was 2014 the lull before another storm? The major event that dominated 2014 was of course the general election and the wave of optimism and hope that has been spreading ever since the new government came to power. Not only was this the most bitterly fought election from a media standpoint; it was the most well orchestrated win combining strategy with clever tactics.  Advertising was only one part of the strategy. 2014 will go down in history as the year that gave a new meaning to marketing of political parties. We now realise that the general election was only the beginning. With a slew of schemes, clever branding and initiatives that touch the common man, the government is turning out to be a very savvy marketer. One hopes the product lives up to its promise.

The extension granted to TV digitisation was a bit of a dampener for the broadcast sector. There has been some indication that the phase III licensing for radio will soon go through. Meanwhile, India became the second biggest market for Facebook, the overall Internet penetration crossed 200 million and mobile Internet became the most dominant force of change. And yet we have bandwidth issues, call drops and sometimes feel like going back to the old faithful ‘landline’.  As a nation we need to play catch up in digital infrastructure and going forward I hope this is given the highest priority.

As for the advertising industry, 2014 saw a 12.5 per cent growth (as per GroupM TYNY estimates) as against a global ad spend growth of 4.5 per cent. Apart from political advertising, if there was one sector that stood out was ecommerce. This sector will end up with more than 50 per cent growth over last year closing the year at Rs 2500 crore of ad spend. The upsurge in this sector is expected to continue. FMCG (which remains by far the biggest sector in terms of ad-spend contributing about a third of total advertising) continued to invest in advertising despite supply side pressures, poor volume growth and an uncertain monsoon season. We expect FMCG to end the year with 12-14 per cent growth. Auto has seen a revival both in terms of sales and ad spends. The sector is expected to see a 15-17 per cent ad spend growth in 2014. With petrol/diesel prices coming down, we expect more action in the months to come. Telecom brands are back after a lull, adding to the overall positive trend. All in all it was a good year, although anything less than 15 per cent ad spend growth still seems low for our market. As expected digital advertising grew at 35 per cent, while TV continued to do well with approximately 15 per cent growth. Regional language dailies helped grow the print sector. Cinema turned out to be the dark horse, with 25 per cent growth though on a relatively small base. Unlike the past few years, we had a clear blip during the festive season this year across all media.

2014 saw a great deal of innovation in digital media advertising. GroupM and our agencies have been at the forefront of many exciting developments. Digital video has emerged as one of the biggest growth drivers of digital ad spend. Mashup, our digital video content unit has seen a lot of traction, we have made over 1500 pieces of digital video content in the past year. Across the industry, we saw many memorable campaigns launched first on digital media. More brands have taken to social media platforms to keep the conversation going, social listening is emerging as a key input for advertising and media planning.  We have worked with clients (like Nestle) to establish social command centers that have given our media and content planners real time insights. Mobile as a medium continues to grow and will soon account for nearly 20 per cent of the digital ad spend. Madhouse is our mobile center of excellence that is now in its third year of operation. Another emerging trend is audience planning, where digital inventory is combined with data to ensure better ROI for brands. GroupM’s Xaxis is a platform that is at the forefront of innovation in this space.

We have lots to look forward to in 2015 including the ICC Cricket World Cup.

Here’s wishing you all a Very Happy New Year.

(These are purely personal views of GroupM south Asia CEO CVL Srinivas and indiantelevision.com does not necessarily subscribe to these views.)

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/20/itv-nt-awards-3.jpg?itok=5i_c8aDu
NT Awards announces its jury

NEW DELHI:Indiantelevision.com’s unique summit and award property that honours the crème de la crème of the television news industry is all geared up for its 2020 edition. Scheduled to be held over two days – 29-30 October 2020 – the News Television (NT) summit will focus on the overall industry...

Specials Event Coverage News Television Summit
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/15/tv.jpg?itok=SAYrFUFf
TV viewership up in European market, existing formats adapt to new normal

With shelter-at-place directives in effect, TV consumption has gone up globally. Along with an uptick in the number of viewers, viewing time has also increased during the Covid2019 crisis.

Specials Event Coverage Mipcom
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/14/mipcom.jpg?itok=ztmvpgYu
Mipcom Online Plus attracts sizeable Indian presence

Mipcom began its virtual edition of the annual content syndication get together on 12 October. Titled Mipcom Online+, it is based on a high end artificial intelligence driven platform called Grip, developed by a sister tech firm under Relx group, of which organiser Reed Midem is a part.

Specials Event Coverage Mipcom
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/28/auto-desk.jpg?itok=eDxaqPUg
Industry leaders to discuss tips on enhancing virtual shopping experience in new normal

NEW DELHI: It’s no new news that the impact of Covid2019 has been massive on digitisation and virtual properties. With people stuck at home, everything from studies to work, to shopping has moved online and this has given the e-commerce industry a once-in-a-lifetime opportunity to get new consumers...

Specials Event Coverage Occasions
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/05/07/ficci.jpg?itok=DCBtJjhj
FICCI - Cyril Amarchand Mangaldas releases FICCI Frames ‘Entertainment Law Book 2020’ Report

Federation of Indian Chambers of Commerce and Industry (FICCI) and Cyril Amarchand Mangaldas, today released ‘Entertainment Law Book 2020’ report. The report highlights regulatory developments in the field of TV broadcasting and distribution, music, radio, filmed entertainment, and other segments...

Specials Event Coverage Ficci Frames
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/23/nepa.jpg?itok=RoQ0G9Yv
Research is important while creating content: Nepa India

MUMBAI: Research is a key ingredient before the launch of any product or brand. And creating content is nothing without appropriate research about the audience and their choices, explains Nepa India managing director Esha Nagar while giving a presentation at the fourth edition of The Content Hub...

Specials Event Coverage Content Hub
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/19/content.jpg?itok=4mbPkOgp
Spontaneity, gut feeling are fundamentals of my direction: Badhaai Ho director Amit Sharma

MUMBAI: The director is like the manager of a film who brings talent under one roof and extracts it to create good content, said film director and producer Amit Sharma while addressing fellow and budding content creators at the fourth edition of The Content Hub 2020 organised by indiantelevision....

Specials Event Coverage Content Hub
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/16/mrinal.jpg?itok=i2CPPY0K
Supernatural genre gives writers most creative liberty

Writers of the popular TV show Naagin, Mukta Dhond and  Mrinal Jha, explored the scope of the supernatural genre at The Content Hub 2020 organised by indiantelevision.com. Dhond said that the most exciting thing about fantasy is that it gives creative liberty to writers. As they say, anything is...

Specials Event Coverage Content Hub
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/16/sameer-nair.jpg?itok=2JzVVlne
Applause Entertainment’s Sameer Nair on digital content creation, self-regulation and creative freedom

Creativity, freedom of expression, self-regulation and content quality are some of the factors that come into play for digital platforms. These topics were addressed in a fireside chat between House of Cheer founder and CEO Raj Nayak and Applause Entertainment CEO Sameer Nair, at Indiantelevision....

Specials Event Coverage Content Hub

Sign up for our Newsletter

subscribe for latest stories

* indicates required