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Tag: JioCinema

  • FIH signs four year partnership with Indian broadcaster Viacom18

    FIH signs four year partnership with Indian broadcaster Viacom18

    Mumbai: The International Hockey Federation (FIH) announced that it has signed a major media rights agreement with Indian broadcaster Viacom18. This agreement runs for a four year cycle (2023-2027) and includes all FIH events, except the FIH Nations Cup.

    Thanks to this partnership, the numerous Indian hockey fans will be able to watch on Viacom18 channels the upcoming FIH Hockey Olympic Qualifiers, the first ever FIH Hockey5s World Cup, the FIH Hockey Pro League, the 2026 FIH Hockey World Cup and many more events!

    With India being such a historic powerhouse of global hockey, this agreement is a great asset to boost the popularity of the game in the country even further.

    Matches will be available on OTT platform JioCinema and Viacom18’s linear channels network Sports18.

    Viacom18 Sports head of strategy, partnerships & acquisitions Hursh Shrivastava said, “Hockey has been one of the most loved, followed and storied sports in India. The recent success of the Indian Men’s and Women’s National Team bodes well for the continuous growth of Hockey, and we are excited to bring unbridled access to millions of sports fans in India. The addition of world-class Hockey coverage reiterates our commitment to provide fans all-inclusive offerings of globally-acclaimed sports events.”

    Commenting on the agreement, FIH president Tayyab Ikram said: “As we’re enhancing our commercial and broadcast approach, this agreement with Viacom18 is a major step forward. It’s great support to be partnering with such a strong broadcaster in a country where hockey is so fundamentally and historically anchored, and where we continuously want to develop the game. On behalf of FIH, I would like to thank Viacom18 for joining our efforts to promote hockey in India even further.”

    #HockeyEquals

    #HockeyInvites

  • TAM report: TV sports genre ad volumes surge by 53 per cent in Apr-Jun ’23

    TAM report: TV sports genre ad volumes surge by 53 per cent in Apr-Jun ’23

    Mumbai: TAM AdEx India has released a quarterly advertising report on the sports channel genre for Jul-Sept’23.

    Advertising on television for the sports genre witnessed growth in ad volumes of 53 per cent during Apr-Jun’23 over Jan-Mar’23. Whereas, Jul-Sept’23 observed a de-growth of 10 per cent in ad volumes for the sports genre over Jan-Mar’23. Compared to Jul-Sept’22, ad volumes in the sports genre witnessed growth of five per cent in Jul-Sept’23.

    During Jul-Sept’23, services and food & beverages sectors retained their first and second positions with 50 per cent and seven per cent share of ad volumes over Apr-Jun’23. Together, the top 10 sectors covered 88 per cent share of ad volumes on television advertising for the sports genre. Durables was the only new sector that entered the top 10 list during Jul-Sept’23, compared to its 12th position in Apr-Jun23.

    Ecom-media/entertainment/social media retained its first position with 39 per cent share of ad volumes in Jul-Sept’23 over Apr-Jun’23. During Jul-Sept’23, four categories entered the top 10 list compared to Apr-Jun’23.

    Ecom-pharma/healthcare was the only new category that was present in Jul-Sept’23 compared to Apr-Jun’23. The top 10 categories collectively added 64 per cent share of ad volumes in Jul-Sept’23.

    International Cricket Council, GCMMF and Vini Product were the new entrants in the top 10 advertiser list in Jul-Sept’23 over Apr-Jun’23. During Jul-Sept’23, One8 Trion and Flipkart.com were the exclusive advertisers that entered the top 10 list compared to AprJun’23. The top 10 advertisers contributed 62 per cent share of ad volumes in Jul-Sept’23.

    JioCinema app retained its first position throughout the first three quarters of year 2023. During Jul-Sept’23, the top 10 brands covered 53 per cent share of ad volumes on television advertising for the sports genre. A total of five brands were new entrants in the top 10 brand list in Jul-Sept’23 over Apr-Jun’23. Also, there were two exclusive brands present in Jul-Sept’23 compared to Apr-Jun’23.

    ‘Associations/social/cultural organisation’ categories saw the highest increase in ad seconds with eight times growth on television advertising in the sports channel genre. In terms of growth percentage among the top 10 categories, Hair oils witnessed the highest growth of 34 times during Jul-Sept’23 over Apr-Jun’23.

    The cricket program dominated the sports channel genre for four consecutive quarters, holding over 50 per cent of the ad volumes, making it the most prominent program genre.

  • JioCinema to present first-ever India-Afghanistan three-match T20I series

    JioCinema to present first-ever India-Afghanistan three-match T20I series

    Mumbai: Viacom18 will present the three-match T20I series between Afghanistan and India live on JioCinema, Sports18-1 SD + HD, and Colors Cineplex from January 11-17, 2024. The tour, which will mark Team India’s first T20I series of 2024, will serve as a build-up to the T20 World Cup to be played later in the year.

    JioCinema will elevate the viewing experience by presenting the series in English, Hindi, Marathi, Gujarati, Bengali, Bhojpuri, Punjabi, Tamil, Telugu, Kannada, and Malayalam. Colors Cineplex will present live action in Hindi, while viewers can opt between English, Tamil, Telugu, and Kannada on Sports18-1 SD + HD. Fans will also be able to catch incisive analysis from experts such as Suresh Raina, Zaheer Khan, Saba Karim, Parthiv Patel, Aakash Chopra, and Pragyan Chopra throughout the series.

    In a humourous promo released by Viacom18, the two nations are represented by their respective kits in a sports store engaging in friendly banter. With the tag line of ‘dekh lenge’, the campaign plays along the lines of ‘the giant killers vs the giants’. Both teams are depicted challenging each other for the series with enjoyable cultural references.

    “Afghanistan has arguably had the most exhilarating development in world cricket over the past few years, so the India tour promises a perfect mix of neighbourly camaraderie and high-octane T20 action,” said a Viacom18 Spokesperson. “While there won’t be any dearth of cricketing excitement inside the boundary line, our endeavour outside of it is to package accessibility and personalisation for every cricket fan watching the series, be it through handheld devices or connected TV. 2024 will see a meteoric rise in digital consumption of live sports and we are poised to fill that gap with our offerings.”

    After an impressive World Cup campaign in India, a raring Afghanistan side will take on the might of India and hope to register their first-ever victory against the Men in Blue in the first T20I on January 11, 2024. Coverage for the matches will begin at 6 PM on JioCinema, Sports18-1 SD + HD, and Colors Cineplex.

    Schedule:

  • JioCinema and Jeevansathi join hands to unleash the power of love with ‘Saath By Chance’

    JioCinema and Jeevansathi join hands to unleash the power of love with ‘Saath By Chance’

    Mumbai: Viacom18 and entertainment destination, JioCinema, partners with Jeevansathi.com, a trailblazer in the matchmaking industry, to delight its viewers with ‘Saath By Chance’. Streaming now on JioCinema, the 3 episodic anthology series weaves the magic of love with inspiration drawn from real-life success stories of Jeevansathi couples.

    Celebrating Jeevansathi’s 25 years of matchmaking excellence, ‘Saath By Chance’ promises to be a heartwarming journey of real-life love stories that found their origin on the Jeevansathi.com platform. From chance encounters to enduring connections, the show spotlights the authenticity and beauty of love, commitment, and the remarkable journey of finding one’s soulmate. In addition to the captivating narratives, ‘Saath By Chance’ underscores the significance of quality conversations, understanding, and open dialogue, a core aspect of Jeevansathi.com’s ethos.

    Speaking on the association, a JioCinema spokesperson said, “At JioCinema, our commitment is to curate content that is not just entertaining but also innovative and compelling. ‘Saath By Chance’ is a testament to this dedication, as it unfolds a narrative that celebrates the magic of love in a truly unique way. In partnering with Jeevansathi.com, we aim to create a seamless blend of entertainment and connection, resonating with our audiences on a deeper level. Our collaboration further represents our ongoing pursuit to bring stories that directly touch the hearts of our viewers. We look forward to fostering more such partnerships and continuing to provide our audience with captivating content that transcends boundaries and brings people together in the spirit of love and storytelling.”

    Speaking on the association, Jeevansathi.com EVP & head of marketing Himani Bahuguna said, “Jeevansathi.com has always stood for creating meaningful connections, and ‘Saath By Chance’ is a testament to the incredible stories that have unfolded on our platform over the past 25 years. Each episode will bring to life the genuine, heartwarming narratives of couples who discovered love through Jeevansathi.com’s superior matching algorithms.”

    Streaming now on JioCinema, ‘Saath By Chance’ promises to be a binge-worthy experience, offering a blend of romance, emotion, and authenticity.

  • JioCinema’s Toontastic Winter Carnival: 24 new shows for kids & family

    JioCinema’s Toontastic Winter Carnival: 24 new shows for kids & family

    Mumbai: Following its recent foray into kids’ entertainment, JioCinema is further set to elevate the entertainment quotient for its young viewers and their families with its latest campaign ‘Toontastic Winter Carnival’ to welcome 2024. Promising to make this holiday season the biggest-ever carnival and unforgettable for everyone, the festival brings a blockbuster lineup of 24 new shows, providing more than 300 hours of engaging content.

    As a part of this, JioCinema will drop new titles every day, presenting a diverse mix of homegrown and international releases from the kids’ network content of Viacom18 Nickelodeon, as well as globally renowned studios such as Warner Bros. and Paramount. Encompassing various genres like action, comedy, and adventure for kids, teens, and parents alike, the extravaganza includes many first-time debuts on JioCinema and will feature popular homegrown IPs – Abhimanyu Ki Alien Family and The Twisted Timeline of Sammy & Raj, along with shows – Shimmer And Shine, Paw Patrol, Avatar : The Last Airbender, Teenage Mutant Ninja Turtles, Kung Fu Panda: Legends Of Awesomeness, The Penguins Of Madagascar, Top Wing, Dora The Explorer, The Legend Of Korra. That’s not all! The carnival will also premiere global hits like Tom & Jerry, Samurai Jack, Karadi Tales, Geronimo Stilton, Teen Titans Go, Ben 10, A Pup Named Scooby-Doo, Zig & Sharko, Steven Universe, Courage the Cowardly Dog, Wacky Races, Chowder and Megas XLR.

     

    Elevating the interactive experience for digital natives, JioCinema is pulling out all the stops with a watch-and-win experience ‘Khelo, Dekho, aur Jeeto’ contest, adding an engaging touch to the campaign. Ushering in 2024, JioCinema continues to set the benchmark for unparalleled viewing experience with one of its biggest rollouts of new shows. With the recently added ‘Kids and Family Hub’ offering and the launch of ‘Toontastic Winter Carnival’, the platform aims to create a delightful experience for young audiences and their families.

    Create unforgettable family moments this holiday season with JioCinema! Dive into a world of enchanting shows and movies, making every moment a magical adventure for kids and families alike!

     

  • JioCinema reboots for another big digital innings with advertisers for IPL 2024

    JioCinema reboots for another big digital innings with advertisers for IPL 2024

    Mumbai: Rebooting for a new season of IPL, JioCinema hosted a roadshow event for advertisers and partners that brought the power and potential of live sports on digital back into focus, and showcased the expanse of the platform’s offerings in the coming season. The event witnessed participation from some of India’s advertisers who discussed India’s paradigm shift towards digital and its implications on advertising in live sports.

    JioCinema anchor Anant Tyagi helped unfold an engaging session with brands such as Blackberrys and Mobikwik who shared a first-hand account of the transformative impact that IPL on JioCinema had on their respective businesses last season. The event also opened up conversations on the sharp rise in the adoption of Connected TV over the past year and how brands are making the most of it. Participants at the roadshow discussed how cricket on streaming platforms transcends demographics and enables unprecedented scale, thus making it sharper and more effective than traditional genres.

    All conversations at the event threw the spotlight on the scope and scale of IPL 2024 and what makes digital the right medium for this spectacle.

    Viacom18 sports head of revenue Anup Govindan, “With the first edition of IPL on JioCinema, we revolutionised the market by streaming the league for free, and also set an industry trend where competition followed suit while streaming other marquee tournaments,”

    “We are set to witness another staggering season of IPL on digital and hit 600-650 million viewers. The explosive growth of CTV and handheld devices will make it an inevitable phenomenon. This truly democratizes the opportunity for brands across the board to connect with their audiences through sharper targeting and in turn grow their businesses exponentially.” He added.

    JioCinema offered the world T20 league last season in 12 languages and 17 feeds for free and received a record-smashing 449 million viewership throughout the tournament, including 70 minutes of average watch time per match. JioCinema is now set for an encore with IPL 2024.

  • OTT in 2023: A year of moderate success as streaming platforms hit the sweet spot

    OTT in 2023: A year of moderate success as streaming platforms hit the sweet spot

    Mumbai: In the ever-evolving landscape of entertainment, Over-The-Top (OTT) streaming platforms have become the go-to destination for consumers seeking on-demand content. From Disney+Hotstar to Netflix, Amazon Prime, Sony LIV, and JioCinema, it’s evident that streaming services have found the elusive sweet spot, achieving a year of moderate success. This success can be attributed to several factors, including content innovation and evolving user experiences.

    According to a report by Ormax Media, they have released select findings of the report, which reveal that the Indian OTT audience universe is currently at 481.1 million (or 48.11 Crore) people. This translated into a penetration of 34 per cent. The report defines an OTT audience who watched at least one online video (free or paid) in the last one month. The report breaks down this universe by gender, age, NCCS, pop strata, states, and cities.

    The report also revealed that there are currently 101.8 million active paid (B2C) OTT subscriptions in India, across 36.4 Million SvOD (B2C) audiences, i.e., an average of 2.8 subscriptions per paying audience member. B2C subscriptions in the report refer to subscribers who have taken a membership directly with the OTT platform, in contrast with B2B subscriptions, which are via telecom packs offered by various operators. Mumbai, Delhi and Bengaluru are the top three cities on paid subscriptions, with more than six million active paid subscriptions each.

    Regulations

    Another highlighting moment of this year was the introduction of the Broadcasting Services (Regulation Bill) 2023. According to the experts, the government’s move to regulate OTT video streaming apps like Netflix, Disney+Hotstar, SonyLiv, etc., under the bill, could affect content innovation and autonomy, derailing the growth path, experts said. Content on OTTs works on a “pull model”, wherein consumers choose the content. As such, any stringent programme and advertising codes might lead to content censorship and affect the audience experience.

    Once the Bill becomes an Act, it would bring streaming platforms such as Netflix and Hotstar completely within the ambit of the ministry of information and broadcasting (MIB) without having to rely on the Information Technology Rules, 2021, government officials said.

    The policy experts however said that first, the Bill should clearly mention if this would supersede the IT Act and second, the government can only amend certain codes of ethics in the IT Act instead of bringing them under a new legislation.

    Sports

    Disney+ Hotstar emerged as a powerhouse in 2023, with its decision to offer cricket tournaments — the Asia Cup and the ICC Men’s Cricket World Cup — free to its mobile users in India. With this, they have set new benchmarks for viewership, redefining the cricketing landscape. The highly anticipated final clash between team India and Australia has not only etched itself into the chronicles of sporting history but has also become the most-watched event ever on both linear TV and digital streaming. It recorded a peak concurrency of 13 Crore viewers on TV and 5.9 crore peak concurrency on Disney+ Hotstar (Digital).

    With the success of both the cricket tournaments, Disney+ Hotstar has also announced this year’s season of Pro Kabaddi League will be available to stream for all the mobile users in India starting 2 December 2023.

    Movies and series of 2023

    Hindi movies like Pathaan, Jawan, Animal, Vaccine War, Gadar 2 Tiger 3, OMG 2, Adipurush etc garned well at the box office and OTT platforms as well.

    There has been a plethora of series from The Railway Men, Kohrra, Trial By Fire, Chamak Scam 2003: The Telgi Story to Taaza Khabar, Farzi, Dahaad, The Night Manager, Citadel etc.

    According to a press statement from Jio Cinema stated that the platform registered 245 crore video views and 540 crore votes across the two months that Bigg Boss OTT 2 streamed on the platform. It also claimed to be the highest viewership for a live streamed event in India, after IPL.

    Reality OTT shows like Shark Tank India Season 2, MasterChef India Season 7, Kaun Banega Crorepati (KBC) Season 15, also fared well at Sony LIV.

  • Castrol POWER1 presents India’s ULTIMATE Motostar on MTV

    Castrol POWER1 presents India’s ULTIMATE Motostar on MTV

    Mumbai: Castrol POWER1, India’s leading performance lubricant brand, has joined forces with Viacom18, India’s fastest growing network for iconic reality shows, and Rajni Academy for Competitive Racing (RACR), India’s top-performance bike-racing academy. Together, they are set to launch an exhilarating hunt for India’s next motorcycling talent with ‘Castrol POWER1 presents India’s ULTIMATE Motostar on MTV’.

    This unique initiative, supported by Castrol India Ltd, aims to spotlight India’s most promising racing talents, igniting the country’s passion for moto-racing. These moto racing enthusiasts will be shortlisted via a thorough audition process testing them on the racetrack. The participants will receive professional training from RACR—that won 2023’s top spots at the Indian National Motorcycle Racing Championship (INMRC). The ultimate winners will have the incredible opportunity to get trained at the esteemed LCR Honda Castrol MotoGP™ Team’s racing facility in Europe.

    Renowned actor-influencer and avid biking enthusiast, Karan Kundrra, will headline the adrenaline-fueled content series, to be exclusively showcased on MTV and JioCinema.

    Aspiring racers can learn about entry  process through the microsite (www.mtvindia.com/CastrolPOWER1). After successful registration, participants will undergo multi-phase selections, starting with regional auditions in Mumbai, Delhi, Kolkata, and Chennai. Those who pass the rigorous process will receive intensive training by RACR at Coimbatore Training Academy, leading to a thrilling final race to determine the ULTIMATE Motostar winners. The winner will then embark on an unforgettable moto-racing training experience at the LCR Honda Castrol MotoGP™ Team facility in Europe. The entire journey will be captured and aired as a limited series on Jio Cinema and MTV.

    Castrol India Ltd managing director Sandeep Sangwan stated, “Castrol POWER1 presents India’s ULTIMATE Motostar on MTV, is a platform uniting motorcycle enthusiast, enabling them to showcase their skills and train with the best in India and LCR Honda Castrol MotoGP™ Team in Europe. This initiative underscores Castrol POWER1’s unwavering support for India’s racing community, invigorating and nurturing their passion for premier motorcycling.”

    Castrol, a stalwart supporter of competitive motorcycle racing globally, has been associated with legendary riders and machines since the first Isle of Man TT in 1907. In 2023, Castrol partnered with the LCR Honda Castrol MotoGP™ team, emphasizing their commitment to pushing boundaries and achieving outstanding performance both on and off the racetrack.

    LCR Honda Castrol MotoGP™ Team, owner & team principal Lucio Cecchinello stated, “Castrol’s collaboration with Team LCR Honda symbolises our shared vision of pushing boundaries, fostering innovation, and consistently achieving outstanding performance, both on and off the racetrack. Collaborating with Castrol India Limited on the search for ‘Castrol POWER1 presents India’s ULTIMATE Motostar on MTV’ is a testament to our commitment to tap into India’s moto-racing landscape and elevate it. We are eager to witness the extraordinary moto-racing talent in the country and expect a tremendous response to this initiative.”

    Viacom18 network sales – head Mahesh Shetty expressed excitement about the alliance, highlighting their commitment to bringing this unique concept to life. “This partnership underscores our dedication towards crafting solutions that intricately weave brand USPs into engaging narratives. Viacom18 is always known for interesting reality formats and with ‘Castrol POWER1 presents India’s ULTIMATE Motostar on MTV’ we harness the passion for premier motorcycling racing and elevate it through captivating storytelling. This format specifically created for Castrol, is a prime example of how we seamlessly integrate brand uniqueness into our content, ensuring that it stands out and leaves a lasting impact.”

  • Network18 announces consolidation of India’s top news media powerhouses

    Network18 announces consolidation of India’s top news media powerhouses

    Mumbai: Network18 Media & Investments Ltd (Network18) (NSE: NETWORK18) and  TV18 Broadcast Ltd (TV18) (NSE: TV18BRDCST) has announced a scheme of arrangement in terms of which TV18 and e-Eighteen.com Ltd (“E18”, which owns and operates moneycontrol website and app) will merge with Network18.

    The proposed scheme will consolidate the TV and digital news businesses of the Network18 group in one company and will help create India’s largest platform-agnostic news media powerhouse with the widest footprint across languages, straddling both TV and Digital. It will enable Network18 to consolidate and further grow its business from a position of strength. This will present a unique opportunity to all shareholders to participate in the media business of the group through one listed entity.

    The merged entity will comprise of the TV portfolio of TV18 (20 news channels in 16 languages and CNBCTV18.com), Digital assets of Network18 (News18.com platform across 13 languages and Firstpost) as also moneycontrol website and app. Viacom18 with its portfolio of JioCinema and 40 TV channels will be a direct subsidiary of Network18. Network18 will continue to hold its investment in BookMyShow.

    As consumers and advertisers increasingly gravitate towards omnichannel experiences across different aspects of their lives, having a deep and integrated presence across both TV and digital media will enable the merged entity to serve them better. Further, as the Network18 group has been working towards convergence, an integrated entity for news gathering and dissemination is expected to result in cost and content synergies.

    The Board of Directors of the respective companies have approved the scheme of arrangement at their meetings held today.

    Brief details of the scheme of arrangement:

    Appointed date for merger: 1 April, 2023

    Share exchange ratio:

    100 shares of Network18 for every 172 shares of TV18

    19 shares of Network18 for every 1 share of E18

    A joint valuation report for the fair share exchange ratio has been provided by PwC Business Consulting Services LLP (PWC BCS) and Ernst & Young Merchant Banking Services LLP (EY).  PWC BCS was appointed by Network18 and EY was appointed by TV18 and E18. BofA Securities India Limited (for Network18), Citigroup Global Markets India Pvt Ltd (for TV18) and HSBC Securities and Capital Markets India Pvt Ltd (for E18) provided Fairness Opinion as financial advisors while Khaitan & Co. is the legal advisor for the Scheme.

    The scheme of arrangement is subject to all necessary approvals.

  • Phases raises Rs three million funding on Indian Angels OTT Show

    Phases raises Rs three million funding on Indian Angels OTT Show

    Mumbai: Davangere, Karnataka-based natural skincare startup Phases, which offers clean and effective skincare products specially formulated to cater to the skin of tweens and teens, has raised angel funding of ₹30 Lakhs against 20 per cent equity dilution, from Shobitam Inc co-founder & chief product Aparna Thyagarajan. This equity funding deal was recently secured by Phases through their participation in ‘Indian Angels’ – a revolutionary angel investment show that’s currently streaming on OTT platform JioCinema. Prior to this, Phases had remained bootstrapped primarily by its co-founders.

    Phases is the brainchild of Sannjana Raghu Amberkar, a passionate mompreneur, who started the company back in 2021, along with her co-founder and husband Raghu Amberkar. The startup will be utilizing the newly-acquired angel funds to bolster multiple strategic areas such as product development, optimization of customer experience, marketing and brand visibility enhancement, growth and expansion, among others. These in turn shall fuel Phases’ long-term aspiration and vision of becoming the most prominent player in the teens-and-tweens-skincare market in India.

    While leading her brand’s ‘pitch’ in front of the distinguished angel investors’ panel on Indian Angels show, Sannjana presented a compelling narrative and emphasized on bringing Phases’ brand purpose and mission to life. She shared how and why she had got inspired to begin her entrepreneurial journey, after realizing the lack of safe and non-toxic skincare options for her teenage daughter. Sannjana’s heartfelt story, combined with Phases’ unique positioning and focus on the teen-and-tween skincare segment, commitment to sustainability, and their meticulous product formulation and packaging, impressed all the Angels on the show. At the end of her presentation, Sannjana received two separate investment offers from two Angels – Kinetic Engineering managing director Ajinkya Firodia and Thyagarajan with the latter offering her a better deal than the former. Thereafter, Sannjana instantaneously chose to accept Aparna Thyagrajan’s offer and closed the deal.

    Speaking about the fundraise, Phases co-founder Sannjana Raghu Amberkar said, “We are thrilled to announce our first angel funding raised from ‘Angel’ Aparna Thyagrajan via the Indian Angels show, marking a pivotal moment in Phases’ journey. In Angel Aparna, we have found a mentor and partner-in-growth who truly believes in our vision. The capital infusion will not just help us in meeting our immediate business needs and expansion goals, but additionally over the long-term, it shall open many doors for strategic partnerships and enhance Phases’ market positioning. Apart from financial support, Aparna’s backing brings to us strategic guidance and industry insights as well, and her mentorship will certainly prove invaluable for us in navigating challenges, making informed decisions, and fostering sustainable growth for Phases.”

    “At Phases, our mission is to empower tweens and teens to embrace their unique journeys throughout their adolescence with confidence, authenticity, and healthy, glowing skin. Looking ahead, we at Phases are super-excited about our journey in the upcoming years, as we aim to achieve robust revenue growth and profitability, and simultaneously initiate strategic product launches and expansion into new categories. In doing all of that, we will remain fully committed towards providing safe and effective skincare solutions for teens and tweens, and continue to relentlessly strive to make a positive impact in terms of adolescent and teenage skincare practices,” added Sannjana Raghu Amberkar.