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Tag: CAGR

  • American Swan raises Rs 400 mn from Four Cross Media

    American Swan raises Rs 400 mn from Four Cross Media

    MUMBAI: American Swan Lifestyle Company, a fashion and apparel-led lifestyle company, has got an investment of Rs 400 million for its Indian business, from global digital media conglomerate Four Cross Media.

    American Swan has opened its doors to the e-tailing market with its online shopping site – AmericanSwan.com.

    The brand’s new shopping portal will offer customers a range of products spanning categories such as Men’s and Women’s apparel, footwear, accessories, beauty, home and living products.

    The American Swan Lifestyle Company (TASLC) director and CEO Anurag Rajpal said, “As consumers in India look for global designs and standards with affordable pricing and the convenience of a click, American Swan expects to garner a significant share of the apparel and lifestyle market.”

    "The American Swan brand has been conceived and developed to be aspirational, accessible and affordable. We aim for a differentiation through our brand proposition and positioning to offer affordable luxury to an aspiration-led audience that seeks international quality and fashion. Our product detailing, packaging and fulfillment is at par with the international standards,” Rajpal added.

    The Fashion and Lifestyle segment in India, estimated at 17 per cent of the total retail market, is worth over $60 billion reported in a PwC research. Growing at a compound annual growth rate (CAGR) of 15 per cent to 20 per cent, this is estimated to grow to over $90 billion in 2015.

    According to the company, the Indian urban consumer is actively seeking and purchasing branded merchandise in categories like Apparels, Cosmetics, Shoes, Watches and Jewellery. Similar growth is visible in e-tailing and American Swan will be pioneering an active mix of the brick-n-click formats by opening itself to both online and retail distribution networks.

    Four Cross Media co-founder and managing director Asia Puneet Johar said, “With American Swan we are focused towards building an aspirational lifestyle brand. Our focus is to build compelling consumer engagement using digital media as that is a space we understand and are confident about.”

  • IRS Q2 2012: Radio and cinema bounce back to post positive growth

    MUMBAI: Radio and cinema, which reported negative growth for the past three quarters, have shown positive compounded annual growth rate (CAGR) for the first time since Q2 2011.

    While radio grew at 1.9 per cent CAGR (over 2011 Q4 to 2012 Q2), cinema almost touched double figure growth at 9.4 per cent CAGR.

    Cable and satellite (C&S) grew at 11.7 per cent CAGR as its reach grew from 475.176 million in first quarter 2012 to 488.642 million in the second quarter.

    The reach of television (TV) also showed positive growth at five per cent from the first quarter’s 554.651 million to 563.435 million in the second quarter.

    Internet continued to show the most robust at 34.8 per cent from 37.483 million in 2012 Q1 to 39.944 million in Q2 2012.

    Press showed least growth at 0.9 per cent increasing its reach from 352.115 million in Q1 2012 to 352.004 million in the second quarter while literacy grew at 3.2 per cent CAGR to 649.715 million from 643.321 million in the first quarter.

  • Fastrack to up communication spends by 50% next fiscal

    Fastrack to up communication spends by 50% next fiscal

    BANGALORE: Titan Industries Limited youth fashion accessories brand Fastrack is targeting a CAGR of 50 per cent on its way to Rs 30 billion over the next five years from its current fiscal expected closure of Rs 6 billion. The brand spends around 5-6 per cent of its revenues towards communications and mass media spends, and its next fiscal spends on this head will be proportionate with the revenue growth. This was revealed by Fastrack and New Brands VP and business head Ronnie Talati.

    Talati attributes Fastrack’s communications to the brand’s success and its growth. He claims that it is the largest player in all the categories that it sells – this includes watches – around 3 million pieces an annum, sunglasses – around 1 million pieces a year and even other youth fashion accessories. Its brand communications have been crazy and funky and it has become a trendsetter for its TG – the youth of today. “We set the trends, we don’t follow international trends,” averred Talati.

    Fastrack has a strong presence in the digital space. It has following of 3 million plus fans on Facebook and wants to increase the number of fans to 10 million by the end of the year. It has launched its own instore Internet radio channel where it plays international music and customised content across all its outlets. It has plans to employ Radio Jockeys for the station.

    Lowe Lintas generally handles the creative duties for Fastrack, and Maxus the media buying.

    Talati was speaking with www.indiantelevision.com during the launch of the 100th Fastrack outlet in the country in Banaglore, and the 60th store launched this year. It has planned a digital and instore campaign – ‘Like bunnies we multiply’ for the 100th store launch. Creative work for this campaign is being done by Black Swan.

    At present Fastrack stores are present in 44 towns and cities in the country. The brand is targeting 280 stores in 108 cities and towns in the country during the next fiscal. Fastrack has plans to open around 500 outlets over the next 2-3 years. “We want to increase the consumer touch points and will follow a hub and spoke model – A major Fastrack store in a locality, city or town that will retail all our products and supply to smaller Fastrack stores in the vicinity that will specialize in a particular category,” said Talati.

    Talati plans to add more categories like helmets and bicycles to Fastrack sales inventory. He is also looking at opening Fastrack stores in emerging markets like China, Brazil, Vietnam and growing the brand there.

    Talati revealed that Fastrack standalone stores currently contribute 15 per cent to revenues and this figure would go up to 25 per cent by the next year. He said that watches contribute 50 per cent to the revenue, with other categories pitching in the rest. With growth in numbers and increase in categories, Talati expects watches share to revenue to go down to 40 per cent next year and further down to 25 per cent over the next five years or so.

  • IRS Q4: C&S, Internet continue growth momentum

    IRS Q4: C&S, Internet continue growth momentum

    MUMBAI: The cable and satellite (C&S) sector continued its growth momentum, posting a CAGR of 13.9 per cent as its reach rose to 462.38 million, according to the Indian Readership Survey (IRS) 2011 Q4 report, released today by the Media Research Users Council (MRUC) and Hansa Research. This, however, is lower than the 15.8 per cent CAGR the medium had recorded in the trailing quarter.

    TV sector’s reach recorded a CAGR of 6.9 per cent, increasing from 539.87 million in Q3 to 549.86 million in Q4.

    However, the reach of radio and cinema continued to record a decline with a negative CAGR of 5.8 per cent and 5.2 per cent respectively. While radio recorded a reach of 156.70 million in Q4 from 158.28 million in Q3, cinema’s reach grew from 76.83 million in Q3 to 75.77 million in Q4.

    The press’s reach showed a positive CAGR of 1.5 per cent at 350.35 million in Q4 compared to 349.89 million in Q3.

    Continuing to expand its reach, the Internet sector recorded a positive CAGR of 46.7 per cent. The medium grew 11.4 per cent from a reach of 634.88 million in Q3 2011 to 639.71 million in Q4.

     

     

  • IRS Q3: C&S and Internet reach up, cinema drops

    IRS Q3: C&S and Internet reach up, cinema drops

    MUMBAI: Cable & Satellite (C&S) and Internet are two sectors, which are continuously showing robust growth in the total reach.

    As per the Indian Readership Survey (IRS) 2011 Q3 data, C&S reach has gone up by 15.8 per cent CAGR and Internet by 42 per cent.

    C&S total reach is up at 448.24 million compared to 433.21 million in Q2 2011, according to the third quarter IRS data released today by Media Research Users Council (MRUC) and Hansa Research.

    The total reach of TV media has also gone up by 6.8 per cent CAGR to 539.87 million (from 531.76 million in Q2).

    Internet, the fastest growing sector, saw a 42 per cent CAGR and reach is at 30.89 million, up from 28.41 million in the first quarter survey.

     

    Meanwhile, radio and cinema sectors continued to show the decline in the reach. Cinema‘s reach fell to 76.83 million from 77.83 million in Q2, a negative growth of 7.1 per cent CAGR.

    In the Q3 report, total reach of radio has seen a negative CAGR of 3.9 per cent to 158.28 million. In Q2, the total reach for radio was at 161.45 million.

  • Mipcom keynotes celebrate power of the great story

    Mipcom keynotes celebrate power of the great story

    CANNES: Taking the cue delivered by CBS Corp. president and CEO Leslie Moonves at yesterday’s opening day main keynote, today’s keynotes harked on quality content as becoming ever more critical in a digitally enabled world.

    United Artists CEO Paula Wagner and NBC Entertainment NBC Entertainment & NBC Universal Television Studio co-chairman Ben Silverman both stressed on how important quality content would be in a world of infinite choice.

    Wagner pointed out how global box office receipts of American movies were worth $ 26 million last year, a growth of 11 per cent CAGR. Not surprisingly, more than two thirds of revenues from the movie business came from international markets.

    Wagner pointed to the days of the captive consumer being over and which in turn necessitated ever higher spends on marketing and distribution. 

    Wagner, who with business partner Tom Cruise reached a deal last November with Metro-Goldwyn-Mayer to take over United Artists, said her studio was committed to promoting original and daring commercial projects that would have one key underpinning – great storytelling.

    Wagner made it clear though that these were business propositions so there had to be clarity on the finacial aspects of any project that UA would undertake.

    Creativity with financial discipline would determine their business model, Wagner stated.

    Following on her talk on the movie business was Silverman who declared that his network was committed to and believed strongly that what would work was content built for the global market.

    Silverman cited the Bourne movies as an example of cinema that has an international outlook in terms of cast and shooting locations. He pointed to how that kind of international outlook was also coming into his network’s shows with more characters from the UK, India, Japan, China, etc having important roles in the shows that were being green lighted as well as those already on air.

    As did Wagner, Silverman also noted how important it was to help foster creative vision and ensure the servicing of creative voices.

  • Frames to have sessions on radio, animation

    Frames to have sessions on radio, animation

    MUMBAI: Frames, the convention for the business of Indian entertainment organised by Ficci, will take place from 26 – 28 March in Mumbai.

    Radio and animation are two of the topics that will have sessions devoted to them.
    One session is called Creating Compelling Content for Radio. The oldest electronic medium in the world is one of the newest rage in India. Viewers will learn what it takes to create a compelling content for Radio

    Then there is a Plenary Session called Radio: Music & Beyond. In India, radio is going through a resurgence phase. The medium which once looked out and not in trend is now very much in fashion and is escalating in term of its reach day by day. Viewres will get a feel of the future on basis of success stories, which have turned around the radio business all across the globe.

    As far as the aniomation track is concerned there will be a session on gaming. Gaming offers strong business opportunities. In the US, it is believed that gaming is as big as Hollywood. In India gaming industry is expected to grow at CAGR of 78 per cent . In addition to mobile gaming, PC and console are also expected to add to pie. Lets explore…

    Theer will also be a Master Class: Scriptwriting for animation. The success of animation relies on the strength of the story telling. There is no denying that art and technology are significant but the praana of any animated product is the script. Even a good fable could wobble if scripted badly. What does it take to write an animated script?

    The plenary session looks at visual effects.

    Visual effects have become the integral part of any project. The entertainment industry is witnessing an increased amount of usage of visual effects. VFX is primarily a Hollywood phenomenon. Viewers will get an understanding of the same.

    Another session is called Developing Animation Content: 360 Degrees. As Indian animation industry is maturing the studios are fast realizing that the real action lies in creating its own IP and having it own shows. Shows produced for not just the local market but the global market. The idea behind this panel is to have broadcasters, producers, writers and licensors to share their insights. This will provide the audience a 360-degree perspective on how internationally content is created, produced and licensed.

    Frames will also look at the process of moving From Comics to Animation. One of the old means of kid’s entertainment; comics is a powerful tool of story telling. Comics are very effective in imparting cultural and social values to kids besides being highly entertaining. Now animation is the modern way of story telling, which can serve as direct extension of comics.

    Frames also looks at creating an Animation IP with Global appeal. As the market is maturing, the Indian studios are moving up in the value chain and coming out with their own IPs. Though these properties may be well accepted in India, but where do they stand in the global market? What does it take to create a product that is internationally marketable and acceptable?

  • Telecom sector ‘biggest success story’; Cisco, Alcatel for R&D investment: Economic Survey

    Telecom sector ‘biggest success story’; Cisco, Alcatel for R&D investment: Economic Survey

    NEW DELHI: Hailing the country’s telecom sector as “one of the biggest success stories of market oriented reforms”, the Economic Survey of India, tabled in the Parliament today, has said that by the end of 2012, a total of 650 million telephone connections (including 66 million wired and 584 million wireless connections) are expected to be achieved.

    Interestingly, the report informs that a large number of foreign companies like Alcatel, Cisco etc. have also shown interest in setting up their research & development (R&D) centres in India.

    A proposal for setting up a Telecom Equipment and Services Export Promotion Council and Telecom Testing and Security Certification Centre (TETC) is in the pipeline. With the above initiatives, India is expected to become a manufacturing hub for telecom equipment, the report holds.

    It says that broadband connectivity would be made available on demand, without limiting the speed.

    “Each village would have at least one broadband enabled kiosk. Broadband connection would be provided to schools, health centres and panchayat offices,” it has envisaged.

    It is also been envisaged that internet and broadband subscribers will increase to 40 million and 20 million, respectively, by 2010.

    “India is now amongst the fastest growing telecom markets in the world. Supportive government policies coupled with private sector participation have fuelled the unprecedented expansion of this sector,” the report asserted citing data.

    Looking back, it has said also that the announcement of the New Telecom Policy, 1999, was a watershed event for telecommunications in India. Other policy milestones include the opening of the long-distance market in 2002, the termination of VSNL’s monopoly over international traffic in the same year, and the resolution of the wireless in local loop issue.

    “As a result, telecom tariffs which were among the highest in the world less than four years ago have now dipped to being among the lowest. Tele- density has also increased from 12.7 per cent in March 2006 to 16.8 per cent in December, 2006.

    The data given by the Survey shows that the number of CDMA were 0.61 million in 2003 and in 2006 stand at 44.17; similarly, for the same period, the users of GSM sprang from 12.69 mn to 105.43 mn, and the figures for wireless (CDMA and GSM) rose from 13.30 mn to 149.60 mn.

    The Survey has put the annual growth rate in 2006 stands at 45 per cent, as compared to 2003, when it was 40 per cent.

    The Survey has note that the total number of telephones has increased from 54.63 million on March 31, 2003 to 142.09 million on March 31, 2006 and 189.92 million on December 31, 2006.

    “While 43.72 million telephones were added during the 12 months of 2005-06, during the current year, about five million subscribers are being added every month.
    “With this growth, the number of telephones is expected to reach 250 million by the end of 2007,” says the report

    “The growth of wireless services has been phenomenal, with wireless subscribers growing at a compound annual growth rate (CAGR) of above 90 per cent per annum since 2003.

    “Today the wireless subscribers are not only much more than the fixed subscribers in the country, but also increasing at a much faster pace.

    “The share of wireless phones has increased from 24.3 per cent in March 2003 to 78.77 per cent in December, 2006. Improved affordability of wireless phone has made universal access objective more feasible,” says the report.

    “The number of internet subscribers grew at 25 per cent, while broadband subscribers grew from a meagre 0.18 million to 1.32 million, during 2005-06. It is necessary to increase the broadband connectivity for the knowledge-based society to grow quickly and for reaping the consequent economic opportunities.

    Foreign direct investment (FDI) is one of the important sources to meet the huge funds that are required for rapid network expansion, the report has noted, adding that the FDI policy provides an investor-friendly environment for the growth of the telecom sector.

    “The total FDI approved and the actual inflow up to July, 2006 were Rs 389.2 billion and Rs 11,801.46 billion, respectively,” says the report.

    It says also that of the more than 235.4 million public call offices (PCOs) functioning in the country, 200,000 are in the rural areas.

    “Apart from this, 560,000 village public telephones (VPTs) are also providing access to telecom facilities in the rural areas. The Mobile Grameen Sanchar Sewak Scheme providing telephone at the doorstep of villagers in about 12,000 villages is also in place.

    On the issue of manufacture of telecom equipment, the report notes that the Indian telecom industry manufactures a complete range of telecom equipment, using state of the art technologies designed specifically to match the diverse terrain and climate conditions.

    Production of telecom equipment has increased from Rs 160.9 billion in 2004-05 to Rs 178.33 billion in 2005-06, it has noted, adding that “Rising demand for a wide range of telecom equipment, particularly in the area of mobile telecommunication, has provided excellent opportunities to domestic and foreign investors in the manufacturing sector.”
     

  • Eros Intl claims Rs 500 mn opening weekend gross for ‘Salaam-e-Ishq’

    Eros Intl claims Rs 500 mn opening weekend gross for ‘Salaam-e-Ishq’

    MUMBAI: London-listed Eros International has announced that its film Salaam-E-Ishq, which was released worldwide on 25 January on an impressive 1200 screens, has grossed over Rs 500 million in its opening weekend.
    Eros India director Viki Rajani said, “With Salaam-e-Ishq enjoying such a fantastic opening response, the film has superseded our expectations. It’s evident that audiences have saluted the flavours of love and appreciated the film worldwide.”

    With over 3.1 billion tickets being sold in India every year and the accelerated growth in multiplex cinemas which are driving ticket prices up, Bollywood is well and truly sustaining its 21 per cent CAGR growth. As part of its strategy, Eros is taking a larger slice of the Indian box office and has set up its own distribution offices in Mumbai and Delhi.
    In line with Eros’s strategy to broaden the audience for Bollywood films beyond the expatriate community, Salaam-E-Ishq was released with local language subtitles in markets like Germany, Belgium and Holland through mainstream multiplex chains.

    Eros International director Sunil Lulla said, “We are delighted with the audience response to Salaam-E-Ishq. Our strategy is a combination of leveraging our distribution network and marketing muscle globally and looking for opportunities to open new markets. We remain focused on this core thread of our business and are excited about our release pipeline”.

    After the success of Omkara and Salaam-e-Ishq, Eros’s global release pipeline up to April includes Vidhu Vinod Chopra’s Eklavya, Vipul Shah’s Namastey London, Chinni Kum starring Amitabh Bachchan, Aishwarya Rai’s Provoked and India’s first 3D animation film Friends Forever.

  • Eros International signs mobile content license deal with Mauj Telecom

    Eros International signs mobile content license deal with Mauj Telecom

    MUMBAI: Eros International has announced that it has signed a license deal involving minimum guarantee revenues with telecom solutions company Mauj Telecom for distribution of mobile content.

    In the past the two companies have collaborated on films including “Omkara” and “I See You”. The deal includes films such as “Namaste London”, “Eklavya – The Royal Guard”, “No Smoking” and “Friends Forever.”.

    “With mobile and wireless connectivity in India growing at an impressive 80 per cent CAGR, the opportunity to monetise Bollywood content through mobile properties such as ringtones, wallpapers, songs and video clips is becoming increasingly lucrative,” Eros said in a statement.

    Eros’ content will be distributed on Mauj’s international telecom network. “The Mauj deal is a significant landmark in Eros’ commitment to tap into the new media opportunities presented by digital convergence. The deal enhances Eros’s recent expansion into music publishing as most mobile content is derived from Bollywood musicals. Mauj has created a niche in the mobile space within a short span of time and we are pleased to be working with them to unlock further value in our mobile content,” said Eros International chairman and CEO Kishore Lulla.

    Added Mauj chairman and managing director Anupam Mittal, “Eros International is one of the largest content owners in the Bollywood business and has a very strong pipeline of forthcoming films. We were keen to secure the deal to distribute that premium content on mobile platforms in an increasingly competitive environment. Eros’ content combined with Mauj’s technical infrastructure and relationships with mobile networks operators make this an attractive deal for both companies.”