Category: MAM

  • Kotak Mutual Fund awards creative duties to Everest Brand Solutions

    Kotak Mutual Fund awards creative duties to Everest Brand Solutions

    MUMBAI: Creative agency Everest Brand Solutions, which is going through a phase of transformation, has won the creative duties of Kotak Mutual Fund for an undisclosed amount.

    The company awarded the business to the agency based on the strategy and creative work presented by them.

    Everest Brand Solutions president Dhunji S. Wadia said, “We believe in working with our clients and adding value to their business. More and more clients are recognising what we bring to the table. It‘s a huge vote of confidence for our way of working. This is a significant win for us.”

    Everest NCD Rahul Jauhari said, “Our point of view on what Kotak Mutual Fund should do given the turbulent times in the market found favour with the Kotak team. It‘s an exciting category as well. We look forward to a long and fruitful relationship.”

    Speaking on the agency‘s new drive, Wadia said, “Everest is in an exciting phase of transformation. The hard work put in over the last few months is bearing fruit now. We expect a lot of action in the coming months.”

    The agency currently has accounts of companies like Danone Blue, Ranbaxy Volini, GoAir, Augere’s Wireless Broadband.

  • Draftfcb Ulka founder Bal Mundkur passes away at 86

    Draftfcb Ulka founder Bal Mundkur passes away at 86

    MUMBAI: Bal Mundkur, the man who set up Ulka Advertiisng 50 years ago, succumbed to a heart attack on 7 January at his residence in Goa at the ripe age of 86.

    Mundkur, who entered the advertising profession late and led on the creative front, was cremated at the St Inez crematorium on 8 January.

    He joined DJ Keymer, the forerunner of today’s O&M on the first day of 1951. Ten years later, he started Ulka, which today ranks third largest advertising group in the industry.

    Mundkur guided the agency to the Top 10 list in a decade, grabbing clients like ITC, Godrej, Crompton Greaves, Mukund, Ciba Geigy, Zodiac, Nerolac and Ceat.

    In the 90s, Mundkur left the agency with the right team and retired from Ulka (which had become FCB Ulka, and more recently Draftfcb Ulka).

    A man who spoke and created from the heart, Mundkur moved to Goa. He continued working for causes close to his heart – which included helping set up Asia’s very first Museum of Christian Art in Goa.

    At 85, he set up the Centrum trust, which recently published Ad Katha, the story of Indian Advertising over the decades.

    Paying his tribute to the legend, Draftfcb Ulka executive director & CEO MG Parameswaran said, “Bal Mundkur believed that advertising is a noble profession, a profession that should stand head to head with clients building brands and
    business. He instilled a strong sense of pride in whatever we did, and encouraged his teams to stand up for the right causes. Bal was also a true industry visionary.”

    “Bal was instrumental in setting up Ad Club Bombay and had the membership number of ACB 001. His interests were wide and eclectic, antique chess sets, western classical music, conservation of old architecture of Mumbai. He was especially proud of the work Ulka had done of social causes, when pro bono work was yet to be discovered by Indian advertising agencies. It was great that he lived till his baby Ulka celebrated its 50th birthday; the proud father was there to cut the cake last year. We will miss him,” Parameswaran added.

    Lodestar UM CEO Shashi Singh said, “I have worked with him very closely. I was the oldest amongst the board of Draftfcb Ulka today. When he got into advertising, the industry was very small but he established Draftfcb Ulka and was bold in taking decisions. He would lead from the front and give his ideas to better creativity. He was one of the founder members of the Ad Club and has always encouraged people to build relationship with clients and get them to respect you. If they don‘t respect you then don‘t work with them.

    “He was a good man and always followed his heart. He would not do anything just for money. He started advertising very late. He was in Air India as Pilot. He was 40 when he got into advertising. He started with O&M and then he founded Ulka.”

    “The actual growth of Draftfcb Ulka happened after Anil Kapoor came but Bal created an institution, the culture that is the best to work in. He always talked about maintaining relation with clients and the actual growth of advertising happened after 1995. Actually, after his retirement, Manmohan Singh had come up the economic scenario changed in India. Bal was a strong influence to the industry. He was actually involved in whatever he did. Though he wasn‘t associated in day to day activities of the agency but he was a legend who set up a strong base for the company.”

  • Concept wins Bharat Eelectronics’ Rs 6 mn creative biz

    Concept wins Bharat Eelectronics’ Rs 6 mn creative biz

    MUMBAI: Concept Communication has bagged Bharat Electronics Ltd’s (BEL) creative duties following a multi-agency pitch that was initiated in the second quarter of 2011.

    The agency has won the account for two years.

    Eight agencies participated in the pitch.

    According to an insider, the account size for a year is estimated to be around Rs 6 million.

    Concept Communication associate VP and Bangalore head Suneet John confirmed the news to Indiantelevision.com.

    John said, “BEL wanted an agency that could come up with some new, innovative ideas. It loved the simplicity of our idea. We have already started working on the account. The first thing we are doing is revamping the communication that BEL currently has.”

  • Political ads to go up 30% in US this election

    Political ads to go up 30% in US this election

    MUMBAI: The 2012 political elections has come as a boon for the local television channels in the US as candidates are expected to spend big monies on advertising.

    According to a report by Reuters, the hard-fought, and expensive, battles will provide a welcome windfall for TV stations, particularly in the most tightly contested states that will decide if President Barack Obama wins re-election or loses to his yet-to-be-decided Republican opponent.

    The experts believe that spending on political advertisement will go up by 30 per cent this year as compared to 2008. The increase might be attributed to the landmark “Citizens United” 2010 Supreme Court ruling, which ended most restrictions on donations by corporations and unions. This is the first presidential election since the ruling.

    As per Reuters, the Court decision encouraged the creation of Super Political Action Committee (PACs) fundraising committees that can spend money to support a candidate but cannot officially coordinate with campaigns.

    “Around 85 per cent of the money that is raised and spent on advertising historically goes toward local broadcast TV. In 2012, that could total between $2.5 billion to $3 billion,” Kantar Media‘s Campaign Media Analysis Group president Ken Goldstein told Reuters.

    It is expected that the ruling will help boost the fortunes of local TV stations.

    CBS Corp is among potential beneficiaries, which owns stations in Colorado, Florida, Pennsylvania and Michigan.

    Other beneficiaries include Rupert Murdoch‘s Fox controls stations in Michigan, Florida and Pennsylvania, and Gannett Co with channels in Colorado, Florida and Michigan.

    Meanwhile, which stations cash in the most will also depend on how quickly the Republican party settles on a nominee. A long, tightly-contested Republican Primary, for instance, could mean stations in the 6 March “Super Tuesday” states such as Massachusetts, Ohio, Tennessee and Virginia could see heavy activity from Republican spenders.

    Even California may get an unexpected shot of campaign spending right before its 5 June vote if the Republican race is still up in the air.

  • Mobile ad firm Millennial Media files for $75 mn IPO

    Mobile ad firm Millennial Media files for $75 mn IPO

    MUMBAI: US-based mobile advertising company, Millennial Media, has filed for a $75 million initial public offering (IPO).

    The company intends to use the funds to expand its operations overseas and go head-on against Google and Apple.

    According to documents filed with the Securities and Exchange Commission, Baltimore‘s Millennial Media‘s revenues grew to nearly $70 million in the first nine months of 2011. It saw a 138 per cent increase over the same period in 2010.

    The company said that its revenue is ‘commonly‘ generated by running mobile ads for companies on a cost per thousand (CPT), cost per click (CPC) or cost per action (CPA) basis.

    The net loss reported for the period was $417,000.

    Millennial serves 40 billion ad impressions per month, per the S-1. That makes it an even bigger sever of ads than Rovio, the maker of Angry Birds, which serves 10 billion.

    The company opened a branch in the UK in 2010. It also opened an office in Singapore last year.

    The main competitor‘s of Millennial media are Google and Apple. In 2010, Google acquired mobile advertising company, AdMob, while Apple acquired another of Millennial‘s competitors, Quattro Wireless.

    The lead underwriters of the IPO are Morgan Stanley, Goldman Sachs and Barclays Capital.

  • Piaggio’s Vespa India launch to aim at premium segment

    Piaggio’s Vespa India launch to aim at premium segment

    MUMBAI: Piaggio Vehicles is creating a whole new luxury segment in scooter category and launching Vespa in April 2012.

    Vespa will initially be available in 35 main cities.It was displayed at the Delhi Auto Expo. 2012.

    With its Indian foray, Piaggio intends to create an exclusive, premium segment for the brand. It will be positioned as a lifestyle, iconic, timeless and ageless product that goes beyond mobility and leverages its heritage and unique values.

    In India, Vespa will meet the aspirational needs of the fashion, style and brand conscious individuals who would like to be a breed apart.

    Vespa aims to play a disruptive force in the 2-wheeler segment in India.

    Piaggio Vehicles chairman and MD Ravi Chopra said, “Our foray into the Indian market activates a whole new segment of style and fashion conscious consumers who are looking for a premium, exclusive, lifestyle offering reflecting their personalities and attitudes. We would like to leverage this sizeable untapped market segment that shows tremendous potential for growth in the coming years”.

    Piaggio Vehicles is a wholly owned Indian subsidiary of the Italian Piaggio Group. The Vespa is present in 100 countries with 17 million units being sold since its inception.

  • TME-MPG to handle Parle media duties

    TME-MPG to handle Parle media duties

    MUMBAI: Manufacturers of biscuits and confectionery products, Parle, has shifted its media account from Maxus-TME to TME-MPG.

    Top sources in the agency confirmed the news to Indiantelevision.com.
     
    The size of the business is estimated to be Rs 500 million.

    Earlier TME was handling the confectionery part of the business while Maxus was looking after the biscuits and snacks range.
     
    The company had put its media mandate to review in May 2010 which ended the long-standing Parle-TME India partnership. In July 2010, Maxus India won the entire Parle Products portfolio and eventually Parle brought back TME.
     

  • Thought Bubbles wins GadgetsGuru.com’s creative mandate

    Thought Bubbles wins GadgetsGuru.com’s creative mandate

    MUMBAI: Online technology retailer GadgetsGuru.com has awarded the creative mandate to creative agency Thought Bubbles. The media mandate for the company rests with Deadline Advertising.

    The total ad spends by the company would approximately be Rs 300 million over the next two years.

    GadgetsGuru.com founder and chief executive officer Arun Kapur said, “We chose Thought Bubbles because of the impressive work that was presented to us. There was simplicity. It was casual, yet there was a sense of boldness and sophistication.”
     
    Thought Bubbles founder and chief creative Manoj Motiani said, “For Thought Bubbles, to win the creative duties of GadgetsGuru.com is a great start to the year. Gadgets are fun and we are buzzing with ideas to be done across the year on this business.”
     
    Motiani revealed, “The launch campaign has a fun take on buyers. We are building the story around an interesting insight to push the masses to check out GadgetsGuru.com as the place to buy from. The single-minded thought is to highlight the website as the new, irresistible place everyone is buying from.”

    Besides the television commercial to break later this month across news, movies, and sports channels, there are tie-ups with radio stations for radio promotions, and promotions through multiplexes.
     

  • Sathyamurthy to join Mudra Max as president & head of media

    Sathyamurthy to join Mudra Max as president & head of media

    MUMBAI: Mudra Max has appointed NP  Sathyamurthy as its president and head of  media.

    Sathyamurthy will be reporting to Mudra  Group COO Pratap Bose.

    He moves in from Lintas Media Group (LMG)  where he was working as LMG COO and  Karishma Initiative CEO.
     
    Bose confirmed the news to Indiantelevision.com. “NP is a sound media professional. He brings in good experience and a professional way of working. I see him as driving our key client relationships. He will play a critical role in driving our experiential and engagement offerings,” he said.
     
    Sathyamurthy joined LMG in 2007. Prior to this, he has also worked with Carat Media, Media Research Users Council (MRUC), US-based Heinz and agencies like Mudra, Ogilvy & Mather and Euro RSCG.
     

  • IDBI Federal launches new campaign created by O&M

    IDBI Federal launches new campaign created by O&M

    Mumbai: IDBI Federal Life Insurance has launched a new ad campaign to announce the launch of its new ‘IDBI Federal Childsurance Dreambuilder Insurance Plan‘.

    It is positioned as the ‘child plan that does not fail‘.

    The campaign taps into the insight of how most parents would not like to live with the regret that their children were not able to pursue the career of their choice, especially since they are responsible to plan for their children‘s education.

    It is conceptualised by Ogilvy & Mather and executed by Curious Films. It aims to differentiate Childsurance from other methods of planning for children‘s education which may fail if they fall short at the last minute.

    O&M head of planning Kawal Shoor said, “In a world of goody-goody child plan advertising, we wanted to ensure that IDBI Federal‘s Childsurance stood out. And there‘s nothing like some naked truth, well told, to set you apart in a sea of plastic emotions. Hand-on-heart, many of us have felt, sometimes very often, that had our fathers invested in a particular company stock, or bought that piece of land which was going cheap years ago, we would have been somewhere else. This uncomfortable truth became the cornerstone of our campaign, and the challenge was to do it in such a way, that the campaign acts like a gentle pinch and yet land the key message of – a plan that never fails, powerfully.”

    IDBI Federal Life Insurance Sr VP, head – marketing and product management Aneesh Khanna added, “Choosing the right plan is very critical today, given the rising inflation in education costs. Childsurance has the in-built Waiver of Premium benefit which allows the planned accumulation of funds to continue even in the absence of the provider. This will ensure that the child‘s education plans are not compromised due to lack of funds.”