Tag: In-cinema advertising

  • UFO Moviez launches its cutting-edge insights platform “ProCAT”

    UFO Moviez launches its cutting-edge insights platform “ProCAT”

    Mumbai: UFO Moviez, an Indian in-cinema advertising network, announced their latest offering “ProCAT”, a first-of-its-kind web-based data analysis platform that will measure a number of footfalls, and provide cinema advertisers with data-driven insights to make informed decisions to plan, review, update and evaluate their cinema ad campaigns. ProCAT will emerge as a major disrupter in the realm of cinema advertising campaigns by leveraging cutting-edge technology and data analytics, and more. ProCAT’s innovative platform will empower advertisers to craft highly targeted and effective campaigns that resonate with their target audience.

    In an era dominated by data, ProCAT recognizes the pivotal role that insights play in shaping advertising strategies. The newly launched ProCAT encapsulates advantages of programmatic advertising and applies it to the cinema medium. ProCAT has the ability to share estimated data for the performance of the movies and the audiences garnered by the screens for a specific movie, city, state and region.  It will also be of vital help for campaign planning with accurate knowledge of movie performance, helping advertisers to measure audience at theaters, and will assess campaign ROI.

    Speaking about ProCAT, UFO Moviez CMO & head of enterprise sales Siddharth Bhardwaj said, “Traditional cinema campaigns originally relied only on a single measure of success, viz playback of ads. ProCAT is designed to help advertisers plan campaigns to reach a specific targeted audience set and has the capability to measure the performance of the campaign. Advertisers can measure costs and ROI similar to programmatic digital ads. ProCAT also allows advertisers to compare their multiple campaigns and determine which strategies worked most effectively and in which region.”

    Key salient features of the tool include ability to plan short-term and long-term cinema campaigns; instant budget estimates with reach and cost can be derived. Users can choose from the entire screen universe, and filters can be added to include specific screens, by ticket prices, screen quality and much more. ProCAT can provide detailed Evaluation reports which include weekly reviews of ongoing campaigns, audience measurement, in-depth analysis of admissions to theatres and collections of various movies.

    National head – programmatic cinema Sachiin Guptaa further added, “ProCAT will be a disrupter in the field of Indian Cinema Advertising, with real time information available to the advertisers. This will enable them to modify the existing budgets and plan for better scheduling to maximise the ROI. We feel ProCAT will go a long way in being the key force for brands and advertisers to invest in Cinema Adverts.”

    ProCAT is aimed to make the decision makers’ life easy and empower advertisers.The platform will give accurate footfalls for cinema campaigns, real-time review of campaign performance, budgets and cinema spends is now possible to determine a better ROI for the end user.

    For more information visit: https://www.ufomoviez.com/procat

  • UFO Moviez reports consolidated revenue of Rs 521 mn in Q3’FY22

    UFO Moviez reports consolidated revenue of Rs 521 mn in Q3’FY22

    Mumbai: In-cinema advertising platform UFO Moviez on Friday announced its financial results for the quarter ended 31 December 2021. The media company has reported consolidated revenue and PAT of Rs 521 million (Q3FY21 – Rs 274 million), and minus (-) Rs 130 million (Q3FY21– Rs 282 million), respectively, for the quarter.

    Theatrical revenues have witnessed a steady uptick from November 2021 onwards led by release of Bollywood movies. Advertisement revenues, however, continued to remain subdued.

    Towards the end of December 2021, major metropolitan cities in India were under the grip of the third wave of Covid-19, led by the Omicron variant. Because of this surge and ensuing restrictions, theatres in Delhi, Haryana, Bihar, Tripura and Himachal were once again fully closed while certain other states re-imposed seating restrictions.

    “During the quarter under review, the financial performance of the company witnessed recovery led by steady release of movies across genres and languages,” said UFO Moviez joint managing director Kapil Agarwal. “The release and success of ‘Sooryavanshi’ in November was a defining moment as it restored everyone’s conviction in Cinema as a social entertainment avenue. Other releases like ‘Annaathe,’ ‘Spiderman,’ ‘Eternals,’ ‘Pushpa: The Rise’ and ‘83’ also performed extremely well at the box office.”

    “The impact of the third wave of Covid-19 felt towards the end of December 2021 is expected to be short-lived as the majority of India’s population is vaccinated, cases have also begun to decline, and restrictions are being eased in various states. In light of easing restrictions and the release slate being extremely robust, we expect big movies to start releasing in theatres soon, thus resuming the Industry’s full recovery,” he added.

    In a recent announcement, theatres in Delhi are allowed to re-open and operate with 50 per cent occupancy. Theatres in Haryana and Tripura have also opened up.

  • UFO Moviez posts Rs 265 mn consolidated revenue for Q2FY22

    UFO Moviez posts Rs 265 mn consolidated revenue for Q2FY22

    Mumbai: In-cinema advertising platform UFO Moviez on Thursday announced its financial results for the quarter and half year ended on 30 September.

    Consolidated revenue stood for at Rs 265 million (Q2FY21 – Rs 128 million), and EBITDA at minus (-) Rs 152 million (Q2FY21 – minus (-) Rs 218 million).

    Consolidated revenue for H1FY22 was Rs 546 million (H1FY21 – Rs 306 million) and EBITDA stood at minus (-) Rs 332 million (H1FY21 – minus (-) Rs 450 million).

    In the quarter under review, theatres reopened from July in a staggered manner, except for Maharashtra, which resulted in Hindi films delaying their release dates. However, in the South and other regional markets, films were released despite restrictions on seating capacity. This led to a gradual revival in the company’s revenue and a reduction in cash losses.

    Maharashtra and Kerala allowed the reopening of theatres beginning on  22 October and 25 October, respectively. Karnataka, Telangana, Rajasthan, Odisha, and Andhra Pradesh are operating at 100 per cent occupancy, while most other states are permitted to operate at 50-60 per cent.

    “During the quarter, there were no Hindi movie releases as theatres in major markets like Maharashtra were not permitted to reopen. However, regional movies performed well at the box office,” said UFO Moviez joint managing director Kapil Agarwal. 

    “With the opening of Cinemas in Maharashtra and Kerala, Hindi and Non-Hindi markets are now fully operational. Recently, Sooryavanshi was released on more than 1600 UFO screens and the much-awaited Rajnikanth movie, Annaatthe, distributed by UFO in the Hindi circuit, was released in more than 700 UFO screens in all languages. Despite the occupancy restrictions, both the movies had a blockbuster opening weekend, collecting 100 plus crores each worldwide. This reaffirms the importance of cinemas. Also, the movie pipeline for the next six to eight months is extremely strong. We expect the film exhibition industry to recover at a rapid pace and are confident that UFO’s business and financial performance will be restored very soon,” he added.

    Further, the board of directors, in its meeting held on 3 November, approved the preferential allotment of 93,99,933 equity shares aggregating to Rs 96.82 crore to Nepean Focused Investment Fund, a scheme of investment of Nepean Investment Trust II, a category II alternative investment fund registered with Securities and Exchange Board of India at a price of Rs 103.01 per equity share, as per applicable rules and regulations. This preferential issue is subject to necessary approvals.