Tag: advertising growth

  • PVR-INOX partners with Khushi Advertising to boost cinema advertising

    PVR-INOX partners with Khushi Advertising to boost cinema advertising

    Mumbai: PVR-INOX, India’s largest film exhibitor, secures a strategic partnership with Khushi Advertising Ideas Pvt. Ltd (KAIPL) to revolutionise cinema advertising in South India. This collaboration capitalises on the growing demand for cinema advertising, with the market Ad-Ex projected to grow by 12 per cent this year.  

    With over 20 years of experience, Khushi Advertising is known for its innovative campaigns that reach consumers across 35 cities through a dedicated team of over 250 professionals. The five-year contract appoints Khushi Advertising as the exclusive ad-sales affiliate for the South India market, aiming to manage cinema advertising sales effectively and enhance PVR-INOX’s market share.  

    The partnership reflects confidence in cinema advertising’s future, which saw a remarkable growth rate of 36 per cent last year. According to PVR INOX, CEO – revenue and operations, Gautam Dutta, “This new strategic partnership between two leaders in the industry goes beyond the transactional value. It aims to reform the market, provide better control over market narratives and commercials, and most importantly, uphold the value of cinema advertising among our esteemed advertisers and trade partners, who have been an integral part of our success. Traditionally, advertising sales contributed 10-11 per cent of our total revenue, but post-COVID, that contribution dipped to around 7-8 per cent as we were on a recovery path. We strongly anticipate that this partnership, along with our ongoing leadership initiatives, will strengthen our ad-sales contribution and help us return to pre-COVID levels. We look forward to the success of this partnership.”

    Khushi Advertising Ideas Pvt. Ltd., CEO, Vishnu Telang highlights the remarkable growth and universal appeal of South Indian cinema, stating, “The South Indian film industry has experienced phenomenal growth, with blockbuster hits like KGF 2, RRR, Salaar Part 1: Ceasefire, and Pushpa driving robust advertising activity and fostering a passionate fanbase. With highly anticipated releases such as Vettaiyan, Kanguva and Pushpa 2 scheduled for this year, 2024 is set to be the ‘Year of South Movie Dominance.’ To leverage this momentum, we are excited to announce our strategic partnership with PVR Inox, which will significantly expand our advertising footprint in South India. This collaboration allows us to tap into a dynamic audience through highly impactful advertising campaigns linked to our diverse lineup of films, creating lucrative opportunities for brands to engage effectively. At Khushi Advertising, we excel in providing integrated OOH solutions across India, utilising specialised venues such as malls, airports, and corporate parks. Our strategic focus on maximising brand visibility ensures that we craft compelling campaigns that resonate with audiences in vibrant environments. Together with PVR Inox, we are poised to enhance advertising revenues and deliver your message directly to your target audience, no matter where they choose to engage.”

    Khushi Advertising Ideas Pvt. Ltd., director, Pranay Shah stated, “We are thrilled to announce our strategic partnership with PVR INOX, a leader in the cinema exhibition industry. This collaboration aims to revolutionise cinema advertising by providing brands with unparalleled access to a diverse audience in a captivating environment. As cinema attendance continues to rise, we anticipate that this collaboration will not only enhance brand engagement but also drive significant growth in advertising revenue for both Khushi Advertising and PVR INOX. Together, we are committed to setting new standards in cinema advertising and creating memorable experiences that leave a lasting impression on audiences.”

  • Zeel Q2 FY22: New content launches bolsters ad revenue growth

    Zeel Q2 FY22: New content launches bolsters ad revenue growth

    Mumbai: Zee Entertainment Enterprises Ltd (Zeel) announced its financial results for the second quarter FY 2022 ended on 30 September. The company reported 14.9 per cent revenue growth year-on-year (YoY) and 20.1 per cent domestic advertising revenue growth YoY.

    The company’s total revenues stood at Rs 1305 million which was up 17 per cent sequentially. Its EBIDTA was Rs 4121 million and its EBIDTA margins at 20.8 per cent. The company’s advertising revenues stood at Rs 10,893 million and subscription revenues at Rs 7,885 million. Domestic ad revenue grew on a quarter-on-quarter basis by 18.9 per cent. Subscription revenues were down marginally by 1.5 per cent YoY. The company indicated that delay in NTO 2.0 implementation continues to impact pricing. The new timeline for NTO 2.0 rollout was extended till 1 April 2022.

    The broadcaster saw its total TV viewership decrease slightly but grew its network viewership share by 70 bps on account of new show launches across all markets. It released 13 new shows and movies during the quarter. Zee TV, Zee Marathi, and Zee Tamil’s performance was soft during the quarter. The Bengali, Kannada, and Telugu channels posted a strong performance. Genre-wise news and movies led to lower contribution in overall viewership.

    The company reported 93.2 million global monthly active users (MAUs) for its streaming platform ZEE5. Zeel’s film production arm Zee Studios has a strong slate of movies ready for H2 FY22 across Hindi, Tamil, Telugu, Marathi, and Punjabi languages being planned for release.

    In an investor call, Zeel managing director and chief executive officer Punit Goenka shared an update on the merger between Zeel and Sony Pictures Networks India. He said, “After receiving in-principle approval from the board, the due diligence process has commenced and is in steady progress. We are confident that this process will be completed within the stipulated timelines or even before that. Post which we will move on to the next steps as mandated by the law.”