Tag: Digital Entertainment

  • Sony Pictures Networks taps Hitesh Sood to spearhead B2B partnerships

    Sony Pictures Networks taps Hitesh Sood to spearhead B2B partnerships

    MUMBAI: Sony Pictures Networks India (SPNI) has made a strategic move by appointing Hitesh Sood as vice president & head of B2B subscription and partnerships (digital business). Effective February 2025, Sood has already rolled up his sleeves to drive global expansion for Sonyliv and forge partnerships that will redefine digital content distribution.

    With a resume that reads like a thriller, Sood brings two decades of experience spanning telecom, media, and digital services. He has honed his expertise across continents, cracking tough negotiations and spearheading revenue-driven partnerships. From launching industry-first telco content bundles to scaling up OTT distribution, his track record is as impressive as a blockbuster’s opening weekend.

    In his new role, Sood will focus on taking Sonyliv beyond borders—literally. He aims to propel its reach to global audiences while working with telcos, banks, and content aggregators to make digital entertainment more engaging. With streaming services in an all-out war for eyeballs, this move signals Sony’s intent to stay ahead of the game.

    Before joining Sony, Sood made his mark at Renna Mobile, Grameenphone, Vodafone Idea, and Globacom, where he led marketing, partnerships, and product strategies. He played a key role in expanding digital content services and optimising customer engagement strategies. At Grameenphone, for instance, he quadrupled monthly active users (MAUs) in just two years—no small feat in a competitive streaming market.

    Sony Pictures Networks is banking on Sood’s knack for innovation to boost its B2B partnerships and subscriptions. With digital entertainment evolving at breakneck speed, Sony’s latest hire suggests the company is gearing up for a bigger, bolder future in the streaming industry.

  • BGMI’s Wow Wakao: A new era of gaming and influencer storytelling

    BGMI’s Wow Wakao: A new era of gaming and influencer storytelling

    MUMBAI: In an unprecedented collaboration, Krafton India has partnered with Collective Creative Labs, the creative division of Collective Artists Network, and Bake A Film to launch Wow Wakao, a six-episode gaming content series exclusively for Battlegrounds Mobile India (BGMI). This initiative marks a significant milestone in India’s gaming culture, blending immersive storytelling with influencer-driven content.

    As gaming cements its place in India’s entertainment industry, Wow Wakao introduces a fresh, engaging approach to content creation. The series stars rising content creator Naman Arora, represented by Collective Artists Network, who navigates BGMI’s new ‘Wow Mode’ in an entertaining and dynamic style. The initiative aims to set a new benchmark for gaming content in India.

    Speaking on the collaboration, Naman Arora said, “Gaming has always been my passion, and Wow Wakao is a dream come true. This series brings a new level of excitement, allowing me to showcase BGMI’s Wow Mode in a fun and engaging way for fans. I can’t wait for everyone to experience it!”

    Krafton India associate director of marketing Srinjoy Das added, “BGMI has always led the way in innovative gameplay experiences, and Wow Wakao aligns perfectly with our vision of engaging and entertaining our community. By collaborating with Naman Arora and our talented content partners, we aim to make gaming content more immersive and accessible.”

    Collective Creative Labs chief creative officer Dhruv Sheth noted, “BGMI consistently pushes the boundaries of gameplay innovation. We are thrilled to collaborate on Wow Wakao, which leverages trending content, influencer engagement, and the diversity of WOW Mode to connect with audiences in a relatable and entertaining manner.”

    Bake A Film co-founder Mrinal Chawla highlighted, “By tapping into current trends, Naman Arora’s popularity, and the diverse offerings of WOW Mode, we have crafted Wow Wakao! This series places BGMI’s Wow Mode front and centre, reaching audiences through trending social media personalities and engaging storytelling.”

    Creative director Parikshit Singh added, ‘We set out to create an engaging series that captures the madness of WOW Mode. Thanks to the combined efforts of all teams and Naman Arora’s hilarious performance, the final product matches the vision we had when it was just a concept.’

    With digital entertainment evolving rapidly, gaming has emerged as a dominant force. Wow Wakao aims to captivate a new generation of gamers and content enthusiasts, reinforcing Krafton’s commitment to innovative storytelling. The series will be available for streaming on YouTube and Instagram from 11th February 2025, delivering a thrilling mix of action, entertainment, and influencer-driven narratives.

  • Pocket FM’s Rs 1,000 crore revenue milestone: Growth soars 500 per cent YoY

    Pocket FM’s Rs 1,000 crore revenue milestone: Growth soars 500 per cent YoY

    Mumbai: Imagine a world where your favorite stories come alive—not on screens, but in your ears, whispering adventures and drama as you multitask through life. When binge-watching wasn’t an option, Pocket FM became your storytelling savior, transforming mundane chores and long commutes into thrilling escapades. Today, the platform that brought you gripping audio series at the tap of a finger is basking in the spotlight, shattering records with its meteoric rise.

    In an extraordinary leap, Pocket FM has surged past the Rs 1,000 crore revenue milestone in FY 2024, marking an awe-inspiring 496 per cent year-on-year growth from Rs 176.36 crore in FY 2023. This groundbreaking success cements the company’s status as a trailblazer, combining innovative storytelling, microtransactions, and global ambition to rewrite the rules of entertainment. As it inches closer to profitability, Pocket FM’s journey serves as an inspiring masterclass in turning sound waves into success stories.

    Pocket FM reported a global revenue of Rs 1,051.97 crore, bolstered by significant growth in subscription and advertising revenue. This rapid expansion comes alongside a 21 per cent reduction in global losses, from Rs 208 crore in FY 2023 to Rs 165 crore in FY 2024, highlighting its strategic push towards operational efficiency.

    Financial highlights: A year of remarkable transformation

    Subscription Revenue Growth:
    The platform’s subscription revenue skyrocketed, increasing nearly sixfold from Rs 160.05 crore in FY 2023 to Rs 934.73 crore in FY 2024. This growth reflects the platform’s ability to build a thriving community of paid users, largely driven by its innovative microtransaction model.

    Advertising Revenue Expansion:
    Advertising revenue increased over seven times, from Rs 12.5 crore to Rs 89.34 crore, underscoring the platform’s growing attractiveness for advertisers.

    Enhanced Operational Efficiency:
    Pocket FM’s expense-to-earnings ratio improved significantly, from 2.18 in FY 2023 to 1.16 in FY 2024, illustrating the company’s disciplined approach to cost optimisation.

    Loss Reduction:
    Losses decreased by Rs 43 crore, down from Rs 208 crore in FY 2023 to Rs 165 crore in FY 2024, reinforcing the company’s commitment to profitability.

    Pocket FM

    Pocket FM has reshaped entertainment through its serialised audio storytelling model. Over 30 audio series have each surpassed the Rs 10 crore revenue milestone, with seven series crossing Rs 100 crore—a testament to the platform’s robust content pipeline. Additionally, the platform leveraged artificial intelligence (AI) to produce over 40,000 audio series, contributing Rs 25 crore to its revenue.

    With over 100 billion minutes of streaming powered by its 200-million-strong listener community, the platform has also recorded 45 million transactions through its microtransactions model.

    While India remains a core market, Pocket FM is making aggressive strides in global markets like the United States, Europe, and Latin America. The company’s investments in localised content, advanced technology, and strategic user acquisition have bolstered its international footprint, positioning it as a global leader in entertainment innovation.

    “This growth reflects our relentless efforts to redefine the entertainment landscape. With a sharp focus on leveraging AI, we are not only enhancing operational efficiency but also creating smarter processes that optimise content delivery and monetisation. Our vision remains clear: to establish Pocket FM as a global entertainment platform that consistently pushes the boundaries of content experiences.” said Pocket FM, CFO, Anurag Sharma.

    Anurag sharma

    Pocket FM’s success is an inspiring example of a tech-driven company prioritising scalability while staying on the path to profitability. As it continues to redefine the entertainment landscape, the company’s disciplined growth strategy, innovative storytelling approach, and global ambitions place it on an upward trajectory in the ever-evolving world of digital content.

  • The Intersection of Gaming and Media: How Social Casinos are Driving Engagement in Digital Spaces

    The Intersection of Gaming and Media: How Social Casinos are Driving Engagement in Digital Spaces

    In the rapidly evolving world of digital entertainment, social casinos have emerged as significant players, driving engagement and shaping the future of online interaction. These platforms combine the allure of virtual gaming with the immersive nature of digital media, creating a unique space where entertainment and engagement thrive. As mobile gaming and OTT platforms continue to dominate the digital landscape, social casinos are leveraging their strengths to captivate audiences in innovative ways.

    Social casinos, such as Spree, are particularly effective at engaging casual gamers by offering experiences that blend fun gameplay with attractive rewards. Unlike traditional gaming environments, social casinos focus on providing a pressure-free atmosphere where players can enjoy their favorite games while earning virtual prizes and rewards. This model has proven highly successful in retaining users and encouraging them to continue engaging with the platform over extended periods.

    One of the key approaches employed by social casinos to enhance player engagement is the use of promotions and tailored offers. These incentives are carefully designed to appeal to the preferences and habits of individual players, much like how OTT services personalize content recommendations. By analyzing player data and behaviors, social casinos can offer promotions that resonate with their audience, encouraging them to stay active and engaged. This personalized approach not only boosts player retention but also fosters a sense of loyalty and community among users.

    The influence of social casinos extends beyond just gaming. These platforms are increasingly partnering with digital influencers and content creators to reach broader audiences. By collaborating with popular figures in the digital space, social casinos can create content that is both entertaining and promotional, further enhancing their visibility and appeal. This approach mirrors the approaches used by media companies to keep viewers invested in their content, blurring the lines between different forms of digital entertainment.

    Moreover, social casinos are capitalizing on the growing trend of social interaction within gaming. Many platforms now incorporate social features that allow players to connect, compete, and share their experiences with friends and other users. This social aspect not only enhances the gaming experience but also drives engagement by encouraging players to return to the platform to interact with others. The integration of social elements into gaming is a trend that aligns closely with the broader movement towards more interactive and community-driven digital experiences.

    As digital entertainment continues to evolve, the role of social casinos in this space is likely to grow even more significant. With their ability to blend entertainment with engagement, these platforms are well-positioned to capture the attention of modern digital audiences. The success of social casinos lies in their ability to adapt to the changing preferences of players, offering experiences that are both enjoyable and rewarding.

    To further understand the broader impact of gaming on digital engagement, it’s worth exploring the research conducted byThe Entertainment Software Association. Their studies provide valuable insights into how gaming is shaping the future of digital media and the ways in which platforms like social casinos are contributing to this transformation.

    In conclusion, social casinos are not just a trend; they are a reflection of the broader shift towards more interactive and personalized digital experiences. By offering compelling gameplay, personalized promotions, and social interactions, these platforms are driving engagement in digital spaces and setting the stage for the future of entertainment. As the lines between gaming and media continue to blur, social casinos will undoubtedly play a central role in the digital entertainment ecosystem, attracting and retaining audiences in an ever-evolving landscape.

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    The reader is further advised that Online Casino, Betting, Online Gaming , Crypto products, Financial Investments/Engagement , NFTs, Products associated with health, wellness, and food are unregulated and can be highly risky. 

    There may be no regulatory recourse for any loss from such transactions or risk associated with health conditions.  
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  • “Innovation plays a key role in our brand strategy:” Pocket FM’s Vineet Singh

    “Innovation plays a key role in our brand strategy:” Pocket FM’s Vineet Singh

    Mumbai: Netizens today crave personalised, immersive content that fits seamlessly into their busy lives. As digital entertainment evolves, audiences increasingly seek deeper engagement with stories that resonate on a personal and cultural level. With countless platforms vying for attention, it’s no longer enough to simply offer content; brands must deliver unique experiences that captivate and foster loyalty.

    That’s where Pocket FM steps in, transforming the audio landscape with its fresh take on storytelling. Since its launch in 2018, Pocket FM has ignited a new way of consuming content, turning casual listening into a binge-worthy experience. With over 200 million listeners and a vast library of immersive audio series, it’s not just redefining entertainment—it’s creating a global community of engaged listeners who spend hours each day tuned in.

    Delving deeper, Indiantelevision.com’s Arth Chakraborty caught up with Pocket FM’s head of brand marketing and communications, Vineet Singh, to discuss the brand’s approach to standing out in a competitive market, its focus on regional content, and the role of user-generated content in building a loyal community, and more…

    Edited Excerpts:

    On the key challenges you face in building Pocket FM’s brand, and ways in which you address them

    Building Pocket FM’s brand in a cluttered market certainly comes with its challenges. One of the biggest hurdles is the intense competition among numerous audio content platforms, making it tough to stand out. With so many options available, establishing a unique brand identity that resonates with listeners is crucial.

    To tackle this, we’ve focused on positioning Pocket FM as the go-to platform for audio series. By honing in on this niche, we differentiate ourselves. This clear focus helps us create a more recognizable brand and fosters loyalty among our users.

    Another challenge is creating a distinct niche within the broader entertainment landscape. We’ve embraced the growing demand for regional content, which allows us to connect deeply with diverse audiences across India. By prioritising vernacular storytelling, we not only engage listeners but also support local talent, enriching our brand’s cultural relevance.

    In summary, while the cluttered market presents its challenges, we’re committed to refining our brand strategy, focusing on unique content offerings, and building a strong connection with our audience. This approach positions Pocket FM for continued success as a leader in the audio series space.

    On Pocket FM adapting its brand marketing strategy to differentiate itself in the competitive audio entertainment market and addressing changing audience preferences

    To differentiate ourselves in the competitive entertainment market, Pocket FM has focused on understanding our audience’s unique preferences and behaviours.

    We take a hyper-localised approach, tailoring our brand content to reflect the diverse cultures and interests of our listeners. This strategy not only boosts engagement but also fosters a strong sense of loyalty among our users. By connecting with them culturally and contextually, we ensure our content resonates on a personal level.

    Innovation plays a key role in our brand strategy. For example, our interactive storytelling formats don’t just engage listeners; they immerse them in the experience. This helps us create a distinct identity in the market and deepens the emotional bond with our audience.

    Looking ahead, we’re committed to staying agile and exploring new formats and technologies to enhance engagement. By remaining adaptable and audience-centric, Pocket FM aims to strengthen its leadership in the entertainment space.

    On Pocket FM leveraging user-generated content in its marketing strategy and the role it plays in building community and engagement for Pocket FM

    At Pocket FM, user-generated content (UGC) is central to our marketing strategy and community engagement. By tapping into the creativity of our listeners, we amplify our brand reach and foster a sense of ownership within our community.

    UGC helps us in several ways:

    ● Fostering authentic connections: When listeners share their experiences or favourite shows, it creates genuine word-of-mouth marketing. This authenticity builds trust, as potential users see real interactions with our content.

    ●   Expanding reach and visibility: User-shared content on social media broadens our reach organically. It taps into existing networks, increasing our visibility and serving as social proof that encourages new users to explore our platform.

    ●   Building a sense of community: UGC strengthens connections among our listeners. When users share reviews, opinions, or fan art, it sparks conversations and builds micro-communities within our larger audience, fostering loyalty and a shared culture.

    ●   Enhancing personalisation and feedback loops: User reviews and feedback help us tailor our content and marketing strategies. By understanding what resonates with our audience, we refine both our offerings and how we promote them

    In summary, UGC not only amplifies our marketing efforts but also plays a key role in building a vibrant, engaged community at Pocket FM. By empowering our listeners to share their stories, we create a powerful connection that drives our success.

    On Pocket FM measuring ROI for marketing campaigns, and the key metrics; and a recent example of a campaign with significant ROI

    At Pocket FM, we measure the ROI of our marketing campaigns by focusing on a mix of performance and audience-centric metrics. While user acquisition is important, we believe true success lies in the depth of engagement and long-term retention.

    We closely monitor how our campaigns resonate with our community and contribute to sustained engagement. Retention rates, in particular, give us a clear picture of how well we’re building lasting relationships with our audience.

    Additionally, we prioritise understanding audience behaviour—from their first interaction to ongoing loyalty. This holistic approach helps us refine our strategies, ensuring our marketing efforts drive sustainable growth.

    On Pocket FM keeping its brand messaging consistent across platforms and the strategies that you use to boost listener engagement and loyalty

    At Pocket FM, ensuring a unified and consistent brand message across all platforms is a top priority to deliver a seamless listener experience. While we maintain a consistent tone and voice that reflects our brand identity, we adapt our communication to the unique dynamics of each channel. On social media, for example, we embrace a more casual and visually engaging approach to connect quickly with users, whereas on our app, we focus on deeper storytelling and analysis, offering a richer, more immersive experience.

    On the upcoming trends in marketing that you’re excited about, and your plan to integrate them into Pocket FM’s strategy

    Several emerging trends in marketing excite us, and we see great potential to integrate them into Pocket FM’s strategy for driving growth and engagement. To call out a few –

    ● AI-driven personalisation: Personalisation has become essential. With advancements in AI and machine learning, we can dive deeper into user behaviour and preferences. By leveraging AI, we plan to enhance our content across platforms with tailored experiences that align with user interests, delivering hyper-personalised content that keeps our audience engaged.

    ●   We’re particularly excited about immersive audio technologies, like spatial audio, which can elevate brand communication. This technology creates a

    multi-dimensional sound experience that places listeners at the heart of the narrative, making their listening experience more engaging.

    ●   Direct-to-fan platforms: These platforms represent an exciting opportunity for more personalised audience engagement. They allow us to connect directly with our listeners, fostering deeper relationships and gaining real-time insights into their preferences. We’re exploring how to experiment with these platforms to strengthen our bonds with our audience and create tailored experiences that resonate on an individual level.

    Overall, we’re eager to embrace these trends and integrate them into our strategy to enhance listener engagement and loyalty at Pocket FM.

  • Kunal Lakhara promoted as chief financial officer of Pocket Aces

    Kunal Lakhara promoted as chief financial officer of Pocket Aces

    Mumbai: The digital entertainment company, Pocket Aces, has elevated Kunal Lakhara to the new position of chief financial officer. Prior to this, Kunal was the vice president of finance & operations and a key member of the executive leadership team at the company.

    Kunal joined Pocket Aces in 2017 as one of the earliest leaders in the management team, and has helped spearhead tremendous growth at the company, including $75 million raised in equity and debt across Pocket Aces and the company’s gaming arm Loco, and the successful spin-off of Loco into a separate entity in July 2021.

    He leads a team of 10 that manages investor reporting, cash flow management, bank relationships, lawyer relationships, audit, production finance, brand copyrights, IP rights, and legal matters at Pocket Aces.

    Kunal has a rich experience of over 16 years in the fields of finance and accounts, with an overall eight years spent building the finance domain in well-regarded startups such as Citrus Pay, which was acquired by Naspers in 2017.

    Kunal started his career with Citigroup in its investment banking team, helping clients raise money through equity and debt instruments. Kunal is a chartered accountant and graduated with a first class degree in finance from Mumbai University.

    Commenting on his new role, Kunal Lakhara said, “I am humbled and thrilled to take up the new role as the Chief Financial Officer of Pocket Aces. It has been a fantastic journey so far working with Aditi on the company’s mission of solving boredom. It is a proud moment to see how the company has grown from length to length in these years, and I’m truly thankful for all the support and hard work of my team members. I look forward to making significant contributions to further scaling Pocket Aces.”

    Commenting on the appointment, Pocket Aces co-founder and CEO Aditi Srivastava said, “Kunal has been a trusted partner and friend, instrumental to our growth from an early stage startup in 2017 to now becoming the biggest new age media player in India. His function is like an army-if his team maintains the right checks and balances, the rest of us can sleep peacefully at night. With Kunal in this new role as our Chief Financial Officer, our focus is to demonstrate a hugely profitable new age media company that benefits all stakeholders, including audiences, talent, employees, clients, and investors.”

  • Mzaalo partners with Jio to deliver digital entertainment to rural India

    Mzaalo partners with Jio to deliver digital entertainment to rural India

    Mumbai: Gamified video and entertainment ecosystem Mazaalo has announced its strategic partnership with Jio. Through this partnership, Mzaalo’s content catalogue and rewards ecosystem will be available on Jio’s low-cost phones and will be freely accessible for millions of rural Indians most of whom are first-time internet users.

    Mzaalo app will be native in the JioStore for all JioPhones powered by KaiOS. 150 million+ low-cost Jio phone users will have access to the app’s library of 12,000+ content pieces including Bollywood films, regional cinema, original series, and music videos. They will also have an opportunity to earn rewards across 600+ brand partners, said the statement.

    “As internet penetration grows deeper across India, there is a growing demand for quality online video streaming content,” said Mzaalo COO Vikram Tanna. “The collaboration with Jio enables us to expand our digital footprint and democratise digital entertainment for the Indian hinterland.”

    The Indian hinterland – the remote parts of the country comprise about 65 per cent of India’s population, nearly 900 million people. While mobile services have reached this population, it is not as widespread as it is in urban cities. This partnership between Mzaalo and Jio will provide a new opportunity for those who do not have access to the mobile phone economy.

    In addition to this partnership, Mzaalo has also been chosen to join the Jio Developers Build for Bharat Growth Pad Program. As a member, Mzaalo and its community will receive special program benefits like first market access program, year-round technical support from Jio, an exclusive community of leaders for mentorship within Jio’s rich leadership ecosystem, JioAds credits, tools and services, training on Jio Developer Tools, and more.

  • Stride Ventures leads Rs 17 crore debt round in Pocket Aces

    Stride Ventures leads Rs 17 crore debt round in Pocket Aces

    KOLKATA: Stride Ventures has led a Rs 17 crore debt round in digital entertainment company Pocket Aces. Stride will be a strategic partner in Pocket Aces’ growth journey with their customised offerings and deep relationships across banks and corporates.

    This partnership with Pocket Aces is the twelfth investment from Stride Ventures’ maiden fund, marking its foray in the digital media and entertainment space as gaming and OTT has had a breakthrough year with industry revenues surging and subscriptions rising through the lockdown.

    Stride Ventures founder and managing partner Ishpreet Gandhi said, “Pocket Aces has truly pioneered digital content in India through its data driven approach to content creation. More importantly, the company creates highly relatable content, making it appealing especially for the younger demographic. At Stride, we strive to partner with indigenous companies which have the ability to scale up rapidly by leveraging technology and we see Pocket Aces as a great addition to our portfolio.”

    Pocket Aces co-founder Aditi Shrivastava added, “2020 was an unprecedented challenge for humanity and we were privileged to entertain the Indian audience during this difficult time. The lockdown accelerated adoption of digital media as the primary source of consumer entertainment , and so we innovated rapidly to ensure that we could continue to thrive and increase content output in this new normal. As a result, we saw growth in all our major business lines this year. As we go into 2021, we are more excited than ever about the size of the entertainment opportunity in India and are happy to partner with Stride Ventures on our growth journey. This debt instrument is one of the first of its kind for the sector and we think it underlines Pocket Aces’ leadership of the sector as well as the innovation focus of Stride Ventures.”

    Pocket Aces will utilise the capital raised to scale the current content output and invest further in new content formats and distribution channels. In 2020, Pocket Aces released multiple shows across its channels that kept audiences gripped with stories of love, life, and the new normal. The company has worked with over 100 brands across sectors including Tinder, Hindustan Unilever, PureMe, Bacardi, Unacademy, and Mondelez, among others. 

    On the other hand, its game streaming and e-sports platform Loco, has hosted some of the biggest mobile gaming tournaments India has ever seen. Loco also entered into strategic partnerships with Red Bull, Fnatic, NBA 2K League, and other leading brands. The year also saw Pocket Aces launch Clout, its talent management division, which exclusively represents over 60 of the digital industry’s finest and most popular faces.

  • Eros Now inks deal with Veriown Global to bring digital entertainment, energy to rural India

    Eros Now inks deal with Veriown Global to bring digital entertainment, energy to rural India

    MUMBAI: Eros Now, the cutting-edge digital over-the-top (OTT) South Asian entertainment platform owned by Eros International Plc (NYSE:EROS) (“Eros”), a Global Indian Entertainment Company, today announced it entered into a partnership with Veriown. Through this alliance, Eros Now powers Films, Originals and other content on ‘The Connect’ a product designed and conceptualized by Veriown.

    Over 300 million people in rural India are currently living in the dark deprived of electricity, entertainment and educational content. Access to reliable energy sources plays a key role in making available additional services that consumers from rural India are seeking. In-line with the Government’s Saubhagya plan to bring electricity to all households and provide additional benefits in the form of entertainment, ‘The Connect’ will offer ‘light, learning and fun – all in one powered by the Sun!’  The initiative will cut the air pollution and expense for fuel to generate electricity while screening highly entertaining content.

    Through internet-powered solar devices, rural Indians will have access to reliable energy and a digital entertainment offering of the largest movie library, original shows, short-format content, originals, music and much more brought exclusively to them by Eros Now.  The alliance also promises to make a social impact and create inclusion for the large population which requires access to the 4E’s – Entertainment, Energy, Education and E-Commerce.

    Commenting on the announcement, Rishika Lulla Singh, Chief Executive Officer, Eros Digital, said, “Eros Now has always been a pioneer in carving new dimensions to enhance its audiences’ lifestyle. ‘The Connect’ aims to improve lives by not only providing electricity but also a wide range of digital content for entertainment. This technological advancement & innovative solution is a market first.  It will also help in building a digital ecosystem by fulfilling the demand for entertainment in remote villages of rural India in line with our promise of penetrating deeper in tier 3 & 4 markets. The service acts as a sense of safety and security during the night and works towards enhancing social status by giving consumers access to entertainment and educational content.”

    “Since its inception, Veriown has focused on improving the lives of those with the least access by bringing them into the digital economy through our Connect.  By partnering with EROS NOW, we expand on our mission to bring the 4Es, Energy, Education, Entertainment and E-Commerce to rural India.  We believe the partnership will bring substantial engagement with our customers and open new markets for both our companies.” Says, Wael Aburida, CEO, Veriown Global Inc.

    The pilot phase for this initiative is expected to begin Q2 2019 and will see the markets of Uttar Pradesh and Rajasthan benefitting from clean, affordable and reliable electricity. Soon the product will also be made available to other remote villages across India and overseas.

  • 2019 to see growth of fibre-connected smart TV: SonyLIV’s Uday Sodhi

    2019 to see growth of fibre-connected smart TV: SonyLIV’s Uday Sodhi

    MUMBAI: SonyLIV, one of the first movers in the Indian OTT market recently completed six years. It is undeniable that affordability of smartphones and fall in data pricing as well as the availability of 4G played catalysts to the growth of both the industry and SonyLIV. However, Sony Pictures Networks India digital business head Uday Sodhi thinks 2019 will be the year of smart TVs connected with fibre.

    “What’s going to happen in 2019 is very interesting from an infrastructure perspective. While on the one end we are still seeing a large part of consumption happening on mobile android platforms, my guess is a lot of this is going to move very quickly from mobile, WiFi networks to smart TVs connected with fibre. I think that’s the real swing we will see going forward,” Sodhi commented.

    He said that non-mobile categories are starting to pick up with Xiaomi being a disruptor in the category. He also added that there are about 30-40 million television sets which are all set to become smart TVs through devices like Fire TV Stick and Chromecast. Apart from these, Sodhi also mentioned the effort by MSOs to launch hybrid set-top boxes. Hence, these all factors will leave a multiplied effect on content consumption.

    “While we will see growth in consumers and that consumer’s growth will double in the next 3-4 years, the amount of consumption and time spent is probably going to grow faster than the consumer adoption,” he added.

    The video-on-demand platform has also unveiled a State of Digital Entertainment 2018 report on the occasion of its six year anniversary. According to the report, the platform has witnessed a rise of seven times in total time spent on the platform. The OTT player grew by three times in terms of MAUs (monthly active users) in 2018 compared to the previous year. The report also added that the platform recorded higher growth from non-metro areas.

    FIFA World Cup, India’s cricket tour of Australia and India’s cricket tour of England were the top three successful sports events of the year for the platform by attracting 70 million, 50 million and 30 million viewers respectively.