ITV

Tag: IPG Mediabrands India

  • Gaurav Banerjee appointed chairman of BARC India

    Gaurav Banerjee appointed chairman of BARC India

    MUMBAI: Gaurav Banerjee, Sony Pictures Networks India (SPNI)’s Managing Director & Chief Executive Officer has been appointed as Broadcast Audience Research Council (BARC) India’s new Chairman at its Board Meeting on 1st August 2025. This is with immediate effect. He takes over from Shashi Sinha, executive chairman of IPG Mediabrands India, who served as BARC India’s chairman for over three years.  

    Mr. Banerjee is a distinguished leader with over two decades of experience in the Media and Entertainment industry and also represents Indian Broadcasting & Digital Foundation (IBDF) as its Vice President.  He is a director on the boards of MSM-Worldwide Factual Media Private Limited and Bangla Entertainment Private Limited.

    Speaking on being elected as BARC India’s new Chairman, Gaurav Banerjee, Managing Director & Chief Executive Officer, SPNI, said, “BARC India continues to empower stakeholders across the ecosystem with data driven decision making and it is a privilege to take on the role of Chairman at the world’s largest television audience measurement company. A big thank you to Shashi Sinha for his exceptional leadership and steady guidance over the last three years. As we navigate a rapidly converging media landscape, I look forward to continue strengthening BARC’s position as a trusted and credible currency for TV measurement in India.”

    Shashi Sinha, Executive Chairman of IPG Mediabrands India, and the outgoing Chairman of BARC India, said, “Over the last few years, I have had the opportunity to partner with BARC and the various committees at different levels. I extend my heartfelt gratitude to the entire team at BARC for their unwavering support and collaboration. I would also like to extend a warm welcome to our new Chairman, Gaurav Banerjee. I am confident that with his unique leadership style, BARC will continue to grow and innovate to meet the evolving needs of our industry.”

    Nakul Chopra, CEO, BARC India, added, “We welcome Gaurav Banerjee as our new Chairman. His leadership will be invaluable as BARC continues to evolve and serve the dynamic needs of the broadcast and advertising ecosystem. We would also like to express our deep respect and thanks to Shashi Sinha for his stewardship and commitment to BARC. His tenure has been instrumental in enhancing data granularity while reinforcing BARC’s dedication and commitment to the industry.”

  • Sell-side ad firm Magnite launches Magnite Audiences in India

    Sell-side ad firm Magnite launches Magnite Audiences in India

    MUMBAI:  It’s hoping to get a large enough agency side audience in India. Independent sell-side advertising company Magnite  announced the expansion of Magnite Audiences and its debut in India and southeast Asia. The solution empowers publishers to unlock the full value of their audiences, while helping buyers connect with high value audiences at scale. Magnite Audiences sits within the Magnite Access suite, a collection of audience and addressability tools purpose-built for publishers and buyers to maximise the value of their data assets.

    Magnite Audiences’ standardised, scalable segments based on publisher first-party data enable publishers to monetise their audiences and protect their user data. These audience segments, which include interest, purchase intent, demographic, seasonal and custom categories, provide the value and scale buyers want to achieve their campaign goals across key demographics. They offer significant reach from a trusted pool of standardised data originating from first party sources without compromising quality.

    “It’s essential for us to be able to create value from the vast amount of data at our disposal so that we can both enable precise targeting for advertisers while also enhancing the user experience we provide,” said NDTV vice-president product monetisation & analytics Dinesh Joshi. “Leveraging Magnite Audiences is helping us tap into new revenue streams and increase the attractiveness of our ad offerings, while bringing more personalisation to our readers and viewers.”

    “As a full-service digital marketing agency, we constantly look for new ways of activating audience data at scale,” said Interactive Avenues (the digital arm of IPG Mediabrands India) EVP, media & investment Harish Iyer. “We are confident that Magnite Audiences will play a pivotal role in this journey by helping us curate customized ad inventory that aligns with our clients’ campaign goals. We look forward to leveraging this partnership to drive measurable impact for leading brands.”

    “Amid the changing identity landscape, buyers and publishers need to explore different models and approaches to solve for audience addressability,” said Magnite Asia managing director Gavin Buxton. “Magnite is committed to providing our clients with solutions like Magnite Audiences to help buyers and publishers package, find and reach audiences in new ways. The tool is ready and available for activation in India and southeast Asia, and we look forward to continued adoption as more publishers and buyers begin to leverage it to their benefit.”

  • ICC Men’s Cricket T20 World Cup garners 55.9 Mn social media mentions

    ICC Men’s Cricket T20 World Cup garners 55.9 Mn social media mentions

    Mumbai: Driven by outstanding player performances, new records, epic turnarounds, and nail-biting moments, the ICC Men’s Cricket T20 World Cup garnered unprecedented social media chatter. Interactive Avenues, a leading full-service digital agency and the digital arm of IPG Mediabrands India, has released “Capturing the Glory: A Social Listening Report on #T20WorldCup”, which sheds light on the digital conversation landscape surrounding the tournament and India’s spectacular victory. The report, based on extensive data gathered from social platforms such as Twitter, Reddit, and popular cricket forums, reveals unique insights on player popularity, most appreciated performances, most talked about matches, top brand partnerships and more.

    Commenting on the report, Interactive Avenues COO Shanatanu Sirohi said, “The Cricket T20 World Cup has once again proven the unparalleled ability of cricket to captivate audiences. This tournament has set new benchmarks for player popularity, with stars like Rohit Sharma and Jasprit Bumrah leading the conversations. Our comprehensive social listening report not only highlights the staggering number of mentions and engagements, but also delves into the elements that drove these numbers.”  

    Key findings of the report:

    Social chatter highlights:

    •    Overall, the tournament garnered 55.9Mn mentions and drove 461Mn engagements.
    •    Rohit Sharma emerged as the most talked about player and batsman (5.5Mn mentions). Jasprit Bumrah was    the most popular bowler (1.2Mn mentions), and Hardik Pandya was the top all-rounder (1.1Mn mentions).
    •  The finale between India and South Africa was the most talked about match (2.2Mn mentions), followed by India vs. Pakistan (1.7Mn mentions).

    Most thrilling moments:

    •    Suryakumar Yadav’s stunning catch which clinched the T20 World Cup title for India got 209K mentions.
    •    Afghanistan beating Bangladesh in a low-scoring thriller to seal their semi-final spot drove 156K mentions
    •   India’s victory against Pakistan by 6 runs in the low-scoring group stage match garnered 122K mentions.

    Most popular players:

    •    Powered by consistently stellar performances, India’s Rohit Sharma (5.5Mn mentions), Virat Kohli (4.1Mn mentions), Suryakumar Yadav (1.3Mn mentions), Jasprit Bumrah (1.2Mn mentions) and Hardik Pandya (1.1Mn mentions) emerged as the most popular players on social media.

    Top emerging players:

    •    Making their debut in a T20 World Cup, players from USA topped the popularity charts among emerging talent. Saurabh Netravalkar led the roster (163K mentions), followed by Ali Khan (67K mentions), Aaron Jones (49K mentions), and Monank Patel (30K mentions).

    Top emotional moments:

    •    Rohit Sharma and Virat Kohli’s ‘bromance’, including videos of their journey together, resulted in 7.1Mn engagements.
    •    Rohit Sharma and Virat Kohli announcing their retirement from T20 international matches drove 4.1Mn engagements.
    •    Rohit Sharma kissing Hardik Pandya in an emotional moment after India won the cup garnered 2.3Mn engagements.

    Biggest comeback story:

    • After being booed at every match venue during IPL 2024 (92% negative mentions), Hardik Pandya made a spectacular comeback with 88% positive mentions during T20 World Cup 2024.

    Top brand partnerships:

    • Brands across diverse industries leveraged T20 CWC-based partnerships to drive engagement. Maruti got 258K mentions, Amul garnered 200K mentions, and ICICI Bank got 145K mentions.
    • Nandini Milk witnessed a whopping 390% increase in average monthly engagement, while BPCL’s “Snap The AD” contest drove a 191% spike in average monthly engagement.
  • Indian advertising industry poised to hit Rs 1.2 trillion in 2024, driven by digital boom

    Indian advertising industry poised to hit Rs 1.2 trillion in 2024, driven by digital boom

    Mumbai: Indian advertising industry continues its growth trajectory from ₹1.1 trillion ($13.1 billion) in 2023 to Rs 1.2 Trillion (US$14.6 billion) in 2024, 50 per cent higher than pre-pandemic period. However, print, radio and cinema are lagging 2019 levels. The advertising revenue is forecast to grow +11.8 per cent  in 2024 (+11.2 per cent 2023) according to Magna Global Advertising forecasts.

    Digital media is poised for +15.9 per cent growth, the surge is propelled by the Government of India’s thrust on digital infrastructure, making the internet accessible and affordable. Digital share from its current 47 per cent is expected to reach 50 per cent of the total revenues by 2026. Social overtakes search to become the second largest media after television.

    Traditional media is also experiencing growth year-over-year. Linear formats to grow at +8.4 per cent (8.7 per cent, 2023) in 2024.Maintaining its fastest growing economy status, GDP is projected to remain strong at +6.8 per cent in 2024 (+7.8 per cent 2023) and +6.5 per cent in 2025.Magna estimates +10 per cent growth in 2025 and continue to grow at a CAGR of 10 per cent to reach Rs 1.7 trillion ($21.1 billion) by 2028. India is projected to move into the top 10 markets in 2025.

    MAGNA India SVP, director – Intelligence Practice Venkatesh S said: “The Indian advertising market is set to expand by 11.8% in 2024, reaching ₹1.2 trillion, driven by a robust 15.9% growth in digital media. Traditional media formats are also growing, enduring the relevance of Print, OOH and Radio in addition to Television. The government’s emphasis on digital public infrastructure is propelling digital ad spend to nearly half of total revenues by 2026. Our forecast highlights social media’s significant rise, overtaking search as the second largest media format after television.”

    Growth in India is projected to remain strong at 6.8 per cent in 2024 and 6.5 percent in 2025, with the robustness reflecting, continuing strength in domestic demand and a rising working-age population according to IMF. With the per capita income increasing multifold, the consumer spending outlook remains positive. India has been evolving as one of the world’s most dynamic consumption environments and is expected to maintain steady economic growth. The fastest growing economy is projected to surpass China’s growth rate by over two per cent points. India, by 2028 is expected to become the third largest economy leaving behind Germany and Japan.

    Inflation is projected to decline from +5.4 per cent in 2023 to +4.2 per cent in 2024 and long-term inflation estimates remain anchored. The monetary policy stance of the central bank is expected to support growth.

    In 2024, total advertising revenue from Rs 1.1 trillion ($13.1 billion) will touch Rs 1.2 trillion ($14.6 billion). Digital formats or new media contribute over 60 per cent to the incremental revenue. Digital is estimated to grow +15.9 per cent and linear growth will be at +8.4 per cent. In a normal year, H1 contribution is generally less than H2, however general elections scheduled from March to May followed by ICC T20 Cricket World Cup in June-July will boost H1 growth (+11.8 per cent) equal to the second half of the year (+11.9 per cent). Both general elections and live sports will lead to a significant growth in adex across both Digital and Linear media.

    In 2023, listed companies’ average income and profits have grown in double digits. This is encouraging as private investment in capacity building and marketing activities will increase. Auto sector demonstrated significant growth across all segments in 2023, this is expected to boost marketing and advertising budgets in 2024. CPG continues to rise as more people start to move up the economic ladder and the benefits of economic progress become accessible to the public. The urban segment is the largest contributor, however, in the last few years, the growth has come at a faster pace in rural India. With normal monsoons expected, rural demand will pick up and this bodes well for the sector. Retail sector is experiencing exponential growth across pop strata. Sizeable middle class, changing demographic profile, increasing disposable income, and urbanization are some of the factors driving organized retail. E-commerce has transformed the way business is done and has enabled newer segments like D2C. Rapid expansion into Tier-2 and Tier-3 cities will aide sectoral growth.

    CPG, Auto, Retail, Government & Political advertising, and Finance are expected to be the most dominant sectors contributing to India’s adex growth in 2024, followed by Pharma, Education, Real Estate, Media & Entertainment and Building Materials making up the top ten sectors.

    Consumption trends continue to favour digital media. The liberal and reformist policies of the Government have been instrumental in developing digital public goods. All digital formats are growing at a healthy pace, specifically social, video & audio streaming and online gaming. With the democratisation of content consumption, Ad-supported video on demand platforms have transformed viewership by providing easy and affordable access to live sporting events. As of 2023, wireless base stood at 1.15 billion subscribers and 95 per cent of the data consumed have come from 4G connections. Rise in mobile penetration and decline in data costs is expected to add to the internet base. In 2024, digital ad spends will grow +15.9 per cent to top ₹580 billion (US$6.9 billion). Social & Search with 34 per cent and 33 per cent shares drive the digital pie followed by Display & Video at 19 per cent and 14 per cent. In terms of growth, Social (+21.9 per cent) and Video (+19.1 per cent) are the fastest growing formats.

    Television reaches 778 million viewers (759 million 2022) and overall time spent has increased to 230 mins (218 mins 2022). Close to a third of homes do not have television and linear TV has potential to grow. Probable launch of Direct-to-mobile will increase the reach of Television, trials for this home-grown technology would soon be planned across cities. Overall Television ad revenues in 2024 will grow +8.7 per cent to reach an estimated Rs 393 billion ($4.7 billion). Elections will drive advertising growth for TV, specifically for news and T20 World Cup will further boost revenues.

    Print media has reinforced itself as the most trustworthy source of information. The circulation in 2022-23 has gone from 391mn to 402mn copies and the largest local media is still relevant providing the geographical spread and audience size. Advertisers’ belief in this consumption story led to a handsome growth of +7.0 per cent last year. In 2024, ad sales revenue will grow +6.1% to Rs 188 billion ($2.2 billion) but it is still 11 per cent below pre-covid levels. Digital print revenue is estimated to be Rs 13 billion ($159 million). Drop in social media referral traffic as Meta dissociated itself with news is hurting publishers. Print advertising growth will come on the back of national elections and local elections in 8 states.

    Radio is still ailing from the slowdown caused during covid, recovering only 86 per cent of the 2019 levels. While there is enormous increase in volumes, ad rates have remained soft. The long-standing challenge of audience measurement capabilities is hurting the medium. Increase in Government ad rates will help growth considering this is an election year. Government recommendations on News broadcast, reduction in license fee and mandatory FM tuner on mobiles will bring windfall to the industry. The revenue for 2024 is estimated to be Rs 19 billion ($231 million) reflecting a growth of +9.0 per cent over previous year.

    OOH media is on a growth trajectory and is expected to cross 2019 levels this year. All 3 forms, Traditional, transit and DOOH are showing incremental revenues. Government push on infrastructure and urbanization will boost OOH inventory especially premium formats. In 2024 OOH revenue will increase +16 per cent to reach ₹34 billion (US$402 million). DOOH share to total OOH is at 6 per cent, growing at a CAGR of +33 per cent, by 2028 share of DOOH will touch 11 per cent. Roadstar, a unified audience measurement tool for the OOH industry developed by the national body for Outdoor Media, is likely to see light, this should help demonstrate effectiveness of the medium and facilitate growth. In-cinema advertising was the biggest casualty of covid which has recovered to the extent of 72 per cent. Successive come back from all languages with box office hits in 2023 and good inflow of content in 2024 will drive both demand from advertisers as well as surge in audience footfalls. In 2024, the growth is estimated to be +19 per cent to reach Rs 8 billion ($95 million).

    IPG Mediabrands India chief investment officer Hema Malik commented: “India’s advertising industry is gearing up for an impressive 2024, with significant growth driven by pivotal events like the general elections and ICC T20 World Cup. We expect substantial ad spend increases across sectors such as auto, retail, and CPG. The anticipated 11.8% growth in ad revenues highlights the market’s resilience and potential. With rural demand expected to rise due to favorable monsoons and digital ad spend projected to reach ₹580 billion, the convergence of traditional and digital media presents unique opportunities for advertisers.”

  • Interactive Avenues awarded IAMAI’s ‘Digital Agency of the Year’ for the 11th time

    Interactive Avenues awarded IAMAI’s ‘Digital Agency of the Year’ for the 11th time

    Mumbai: Interactive Avenues, the digital arm of IPG Mediabrands India, won the coveted ‘Digital Agency of the Year’ title (Gold) by bagging 17 awards at the Internet & Mobile Association of India’s (IAMAI) India Digital Awards 2024. The agency won a total of five gold, seven silver, and five bronze accolades across multiple categories. Notably, ITC topped Interactive Avenues’ metals tally with three gold, two silver, and one bronze.

    Founded in 2009, IAMAI’s India Digital Awards celebrate organisations, teams and practitioners who have surpassed landmarks and delivered successful business outcomes using digital as a medium. The winners were unveiled at a dazzling awards gala held on the second day of the India Digital Summit 2024 in Mumbai.

    Expressing his delight, Interactive Avenues CEO Amardeep Singh said, “We are elated to be recognised as the ‘Digital Agency of the Year’ for the eleventh time. IAMAI’s India Digital Awards are the gold standard of digital excellence, and this honour underscores our commitment to delivering top-notch, comprehensive services. Our team is overjoyed!”

    Interactive Avenues’ winning entries encompassed groundbreaking campaigns executed for renowned brands such as Sunfeast Dark Fantasy, ITC Masterchef, Spotify India, Amazon Fresh, Tanishq, Kellogg’s India, OnePlus, Bajaj Auto, Mahindra Auto, Mahindra Tractors, and Hershey India.

    Here is a detailed list of all the winning campaigns and categories: 14th India Digital Awards (iamaiawards.in)

  • Interactive Avenues wins e-commerce mandate for TTK Healthcare

    Interactive Avenues wins e-commerce mandate for TTK Healthcare

    Mumbai: Interactive Avenues, the digital arm of IPG Mediabrands India has secured the e-commerce mandate for TTK Healthcare, a diversified conglomerate with a wide range of healthcare and FMCG products. The account was won by the agency following a multi-agency pitch process and will be handled from their Chennai office.

    Interactive Avenues will be responsible for elevating TTK Healthcare’s e-commerce presence and increasing sales across key marketplaces and quick commerce platforms. Their mandate includes e-commerce strategy, content creation, media activation, catalogue management, and more.

    Commenting on the association, TTK Healthcare DGM – digital marketing & ecommerce Arjun Siva said, “We are delighted to appoint Interactive Avenues as our ecommerce agency. We’re confident their proven digital expertise will help us drive growth and efficiencies across ecommerce platforms, especially for our brands Skore & MsChief in the sexual pleasure category and Eva, our personal enhancement brand.”

    Interactive Avenues EVP south Aparna Tadikonda added, “TTK Healthcare has significantly contributed to the advancement of India’s FMCG & healthcare ecosystem for over 6 decades, and is also a pioneer of the condom industry in India. We are thrilled to be working with them. We will focus on delivering a seamless customer journey and driving digital growth powered by our proprietary data-driven frameworks and tools.”

  • Indian advertising economy touches Rs1Tn

    Indian advertising economy touches Rs1Tn

    Mumbai :  The winter update of MAGNA’s “Global Ad Forecast” predicts that global media owners net advertising revenues (NAR) will reach $853bn this year, more than 5.5 per cent above the 2022 level and will grow by more than 7.2 per cent in 2024.

    •  The Asia Pacific advertising economy grew more than 8.2 per cent to $286bn this year powered by India, Pakistan and China. In 2024, APAC advertising revenues will increase more than 6 per cent.

    •  India is now consistently the fastest growing market and leads the ad spend growth globally. India moves into top ten markets and forecast to climb to 8 position by 2028. Indian advertising sales grew over 11.8 per cent in 2023 to Rs 1099bn ($14bn) and is the 11 largest market.

    •  In India, Digital formats contribution to growth is slowing down (more than 14.2 per cent in 2023 Vs more than 25.7 per cent in 2022), however digital remains the largest at Rs 500bn ($6.4bn) with a share of 46 per cent. Linear formats will grow by more than 9.9 per cent with both television and print growing equally at more than 8 per cent. Radio (more than 12.1 per cent) and OOH (more than 29.8 per cent) are seeing a robust recovery though still short of pre- covid revenue.

    •  In 2024, the India advertising market will grow by more than 11.4 per cent. Digital formats will rise more than 13.9 per cent to reach Rs 569bn ($7.2bn), while linear ad sales will increase by more than 9.3 per cent to reach Rs 655bn ($8.3bn).

    MAGNA India SVP, director – intelligence practice Venkatesh S, said: “In 2023H1 advertising spend grew more than 9.6 per cent, accelerated in the second half of 2023 to more than 13.8 per cent. The recovery is driven by festive spending and marquee events like ICC WC and elections. Globally, Traditional media owners’ (TMO) ad revenue growth is slowing down, while in India both Linear (more than 9.9 per cent) and Digital formats ( more than 14.5 per cent) are growing. Traditional formats will still be the largest, at least till 2027, though pure play digital is driving the adex. Non-linear formats (AVOD, Digital Newspaper, Podcasting & DOOH) of TMOs are growing steadily in double digits and contribute 5 per cent to the total revenue of TMOs.”

    India along with China is projected to contribute about half of global GDP growth in 2023 & 2024. After a more than 7.3 per cent expansion in 2022, the IMF in their latest October 2023 update predicts a slight deceleration in economic activity with real GDP growth of more than 6.3 per cent in 2023. The GDP has been revised up by 0.4 per cent from the April 2023 update as economic growth remains robust. India is reliant on its own domestic demand, private consumption, and investment spending for its growth. The overall sentiment is positive and upbeat though the market remains complex with local and global pressures. Large consumer base and aspirations of the young Indians works in its favour.

    Inflation remains vulnerable to rising food and fuel prices. The task of bringing inflation back to target is a priority for the government through macro prudential measures and monetary policy tightening. After more than 6.7 per cent in 2022, inflation though expected to ease down to more than 5.5 per cent in 2023 is still in the upper bracket of the central bank’s desired range.

    The Union Budget’s focus on boosting manufacturing, higher disposable income with lowering of taxes and increased spending on infrastructure augurs well for the adex growth. Advertising spending is growing at a healthy rate of over 11.8 per cent in 2023. Total ad sales are rising from Rs 982bn ($12.5bn) in 2022 to Rs 1099bn ($14bn) in 2023.

    Consumers are increasing their spending, primarily driven by the young working adults who are investing in experiential led categories like travel, auto, and entertainment. Impassable categories like CPG, continue to see higher spending. 2023H2 which includes festive spending, ICC World Cup and government spending before the upcoming national elections early next year is expected to contribute 10-12 per cent incremental growth to adex.

    CPG, auto and fintech are the most dominant sectors contributing to India’s adex growth followed by government, communication, travel, and real estate. Retail including e-commerce, financial services, Media & Entertainment and Apparel will see average growth, Startups who have been the mainstay for all tent poles properties have either cut budgets or moved to performance marketing than brand marketing. With the new retrospective taxation policy on gaming, brands have exercised caution in spending.

    According to TRAI In the last few years, the Government has fostered the digital ecosystem with inimitable assets like Aadhar, UPI & DigiLocker taking the digital public goods to a higher level. Also, driven by rising internet user base and affordable devices, currently 881mn have access to internet as of march 2023. Government has also initiated labs to develop applications using 5G service to ramp up digital business services and this will have a rub off on the digital advertising economy. In 2023, overall digital ad spends will grow over 14.2 per cent to top Rs 500bn ($6.4bn). India takes the lead in mobile growth followed by the US and Brazil according to a report by Adjust and it is a mobile first market. The share of mobile within digital will touch 59 per cent this year. There are 467mn social users in the country and it has been the bellwether for digital growth with more than 19 per cent growth. Total video registers more than 16 per cent growth. It is noteworthy that OTT players display robust growth trends driven by increased CTV subscribers, content choices and local language play. The OTT subscription is estimated to be at 50mn this year. In 2024 total digital growth estimated at more than 13.9 per cent to touch Rs 569bn ($7.2bn).

    Overall Television is growing but Pay TV is facing challenges from Free Dish, FTA channels and OTT in terms of subscriber base. Following the implementation of the amended New Tariff Order (NTO) 3.0 which allowed broadcasters to hike channel access price, subscribers have moved out of Pay TV being a price sensitive market. Despite this, Television is still the largest video medium with over 900 million viewers and daily viewing at 222 mins. In the light of rising consumption of short form content along with web series and availability of TV shows on OTT platforms, the time spent indicates TV is holding onto its audiences. The proposed broadcast bill extending its purview to include OTT, will help eliminate disparities to the advantage of linear television. Also, there remains considerable growth opportunity for TV and advertisers are keen to cover the vast population of live audiences. Television ad revenues in 2023 will grow more than 8.9 per cent to reach an estimated Rs 365bn ($4.6bn). In 2024 TV advertising was estimated to grow more than 9.9 per cent to reach Rs 401bn ($5.1bn).

    Newspaper has risen to be the most credible source of information. With 391mn copies (2021-22) circulated every day and language print taking the lead, the geographical spread and the audience size presents a massive marketing opportunity. The advertising growth is on the back of recovery in volumes; however, yield remains a challenge. In 2023, ad sales revenue will grow over 8.1 per cent to Rs 175bn ($2.2bn). Growth expected to continue in 2024 to drive an increase of over 9 per cent, Rs 187bn ($2.4bn).

    Radio’s road to recovery has been a gradual one. Despite the volumes crossing pre-covid levels, yield has been a struggle though ad rates have flared up slightly. The industry is battling challenges of measurement limitations and audio streaming apps gaining user base. Radio players are offering airtime bundled with off air solutions to make up for the revenue. Government led allowance of news broadcast and increase in Government advertising rates will accelerate ad spends. Overall, advertising revenues are growing by 12.1 per cent to reach Rs 18bn ($229mn), which is 80 per cent of the pre-COVID market size. In 2024, radio estimated to grow over 11 per cent, Rs 20bn ($254mn)

    OOH advertising has consistently grown post the pandemic as audience movement continues to ascend. Rising roadside DOOH screens in metros and state capitals, substantial presence in ambient spaces have added to demand, leading to growth in DOOH spends which contributes 5% to total. In 2023 OOH revenue increased by 26.7 per cent valued at Rs 30bn ($382mn) reaching 90 per cent of the pre-COVID market size. This pace will be sustained for a few more years and in 2024, OOH will exceed 2019 revenues adding over 16% to the size. In-cinema advertising is up sharply as audiences are flocking to cinemas. State-of-the-art technologies like IMAX and Dolby Atmos, has transformed movie-watching into a truly awe-inspiring experience and this has been another reason for audience draw. It will cover 74 per cent of 2019 market size by the end of 2023 with an impressive over 43% growth to reach Rs 8bn ($102mn). In 2024, the growth is estimated to be more than 19%.

    IPG Mediabrands India Chief Investment Officer Hema Malik, commented: “India continues to script its unique narrative in the advertising landscape, boasting robust growth across diverse mediums despite evolving consumer preferences and market dynamics. The promising trajectory across television, digital, radio, and out-of-home channels signifies the dynamic nature of our advertising landscape. I am optimistic about the future as India’s advertising story unfolds, driven by innovation, adaptability, and a burgeoning consumer base.”

  • Twinings partners with Interactive Avenues

    Twinings partners with Interactive Avenues

    Mumbai: Interactive Avenues, the digital arm of IPG Mediabrands India, has been awarded the e-commerce mandate for Twinings, one of the oldest tea companies in the world. The account will be serviced by the agency’s Gurugram office.

    With an incredible heritage of 300+ years, Twinings is well known for its vibrant range of premium teas and wellbeing drinks. Interactive Avenues will focus on expanding the brand’s e-commerce sales and driving growth across India’s biggest marketplaces. The agency will handle their end-to-end e-commerce business, including strategy, content creation, media activation, catalogue management, and more. They will leverage their proprietary e-commerce solution, Carter, to deliver data-driven insights, optimise the brand’s media campaigns, and drive profitability.

    “Interactive Avenues has a proven track record of executing successful e-commerce campaigns and delivering significant business results for leading brands. We are confident that their deep digital expertise will help us amplify our online presence and strengthen our reach in India. We look forward to collaborating with their dynamic team,” said Twinings head of marketing – India Jonathan Ellis.

    Interactive Avenues VP — e-commerce Shashank Rathore added, “We are delighted to announce our collaboration with Twinings, a household name in India and across the globe. To facilitate their leadership on e-commerce platforms, we will deploy best-in-class strategy frameworks and automation-led tools, with a sharp focus on the end-to-end customer journey. We will also leverage the capabilities of our in-house production studio, Echo to build visually stunning content for the brand.”