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Tag: MK Anand

  • Times Network to launch 3 new channels; announces apps for 3 existing channels

    Times Network to launch 3 new channels; announces apps for 3 existing channels

    MUMBAI: The Times Network is all set to launch two news channels and one non-news channel. The network will unveil the three channels in the financial year 2016-17. Expanding its footprint in the digital space, the network will also launch apps for three of its channels namely Zoom, ET Now and Times Now. The apps will roll out in four month’s time starting with the launch of Zoom app.

    “We are working extensively on the three app licenses for now. After that we will be able to give a better idea about the channels and when we will them for our viewers,” says Times Network MD and CEO MK Anand.

    When asked if the network is experimenting with a new genre, Anand refused to comment.The network is also in talks to launch a digital platform once digitisation settles down in India.

     

  • Times Network to launch 3 new channels; announces apps for 3 existing channels

    Times Network to launch 3 new channels; announces apps for 3 existing channels

    MUMBAI: The Times Network is all set to launch two news channels and one non-news channel. The network will unveil the three channels in the financial year 2016-17. Expanding its footprint in the digital space, the network will also launch apps for three of its channels namely Zoom, ET Now and Times Now. The apps will roll out in four month’s time starting with the launch of Zoom app.

    “We are working extensively on the three app licenses for now. After that we will be able to give a better idea about the channels and when we will them for our viewers,” says Times Network MD and CEO MK Anand.

    When asked if the network is experimenting with a new genre, Anand refused to comment.The network is also in talks to launch a digital platform once digitisation settles down in India.

     

  • Union Budget 2016: What it means for the media & entertainment industry

    Union Budget 2016: What it means for the media & entertainment industry

    MUMBAI: 29 February marked an important date in the year’s calendar as Indian Finance Minister Arun Jaitley presented the Union Budget 2016, amidst expectations from all sections. With an aim to give equal attention to all sectors that need financial assistance, Jaitley presented the nine pillars of his budget that focused on multiple subjects; from eCommerce to start-ups; from education to increasing jobs; and from agriculture to health.

    In a quest to find out what it really means for the media and entertainment industry, Indiantelevision.com reached out to several industry stalwarts to find out how they interpret the Union Budget 2016.

    Here’s what they have to say:

     M&E Tax Advisory India, EY, partner and head Rakesh Jariwala

    “As part of the budget proposals, India has levied an equalisation levy – what is known as ‘google tax’ globally. The tax @ six per cent of the consideration will apply on services relating to online advertisement, provisions on online ad space or other facility or services for the purpose of online advertisement, when such services are provided by a non-resident to either an Indian resident or a non-resident having a permanent establishment in India. The payer for these services are required to deduct 6% prior to making the payment. This is the first time that online services are being taxed in India.”

     Videocon director Anirudh Dhoot

    “The Finance Minister presented a balanced budget with a focus on infrastructure and agriculture sectors. By keeping the fiscal deficit target to 3.5 per cent of the GDP, the budget addresses long term positive impact on businesses. For consumer durable and home appliances industry specifically, the budget brings mixed responses. While the focus is more on dispute resolution and simplification of provision, the voluntary income disclosure will dampen the market. The government has lowered the corporate tax for new manufacturing units at 25 per cent with a view to promote industrial activity and generate jobs. With regard to small units having a turnover of Rs 5 crore, the corporate tax rate has been reduced from 30 per cent to 29 per cent. However, there is no relief on the corporate tax for big manufacturers. Government has stressed on GST implementation and proposed changes in customs duty to push make in India initiatives, which is aimed at improving the overall business environment.” 

     Sony Pictures Networks India CEO NP Singh

    “From an overall budget perspective, the enhanced public spending through various social schemes and infrastructure investments should further help to expedite economic growth. The government has also balanced spending with fiscal prudence by reigning-in fiscal deficit. From a media industry perspective, there were no major changes. I feel that a change in the definition of industrial undertaking for the services industry as well as a push to define the GST roadmap would have been sector-positive. There is a landmark attempt in the budget to simplify the tax administration, which should herald a friendlier tax regime.”

     Dentsu Aegis Network South Asia CEO and chairman and Posterscope & MKTG – Asia Pacific chairman Ashish Bhasin 

    “Overall there are some positives and some negatives in the budget. Not increasing the service tax is a positive, particularly for the advertising and media sector. The general expectation was that Service Tax may go up in anticipation of higher GST rates. Controlling the fiscal deficit and several steps to invigorate the rural economy and rural consumption are positive signals. A rural consumption revival will help the economy and the advertising and media sector tremendously. On the negative side, there was an expectation based on what the Finance Minister said in the past, that corporate tax rates would come down. That is not to be so for most large companies. Introducing double taxation on dividends is also a negative. In balance this seems to be a mixed bag budget with a positive bias. If it is able to spur overall economic growth, we could see good times ahead for the advertising and media sector.”

     Times Network CEO and MD MK Anand

    “Digitisation, in my opinion is the most important factor for the broadcast sector currently, we are very happy about the excise duty changes proposed for set-top-boxes, which will help in the last mile infrastructure of Digital Addressable System (DAS) Phase 3 and 4. Overall, a stable and positive fiscal situation is good for the economy and that will support our ad sales growth projections. All in all budget 2016 looks good for the Broadcast sector.”

     Viacom18 Group CEO and National Media and Entertainment Committee CII chairman Sudhanshu Vats

    “Kudos to the government for presenting a disciplined and inclusive budget. The emphasis on rural development and commitment to the fiscal deficit target augur well for the economy in the long-run. The proposal for a more conducive excise duty regime for STBs and other ‘entertainment-access devices’ is welcome. While many of us from the industry were anticipating more sector-specific announcements, I’m sure that this budget will benefit the larger economy and therefore, by extension, have a positive impact on our industry as well.”

  • Union Budget 2016: What it means for the media & entertainment industry

    Union Budget 2016: What it means for the media & entertainment industry

    MUMBAI: 29 February marked an important date in the year’s calendar as Indian Finance Minister Arun Jaitley presented the Union Budget 2016, amidst expectations from all sections. With an aim to give equal attention to all sectors that need financial assistance, Jaitley presented the nine pillars of his budget that focused on multiple subjects; from eCommerce to start-ups; from education to increasing jobs; and from agriculture to health.

    In a quest to find out what it really means for the media and entertainment industry, Indiantelevision.com reached out to several industry stalwarts to find out how they interpret the Union Budget 2016.

    Here’s what they have to say:

     M&E Tax Advisory India, EY, partner and head Rakesh Jariwala

    “As part of the budget proposals, India has levied an equalisation levy – what is known as ‘google tax’ globally. The tax @ six per cent of the consideration will apply on services relating to online advertisement, provisions on online ad space or other facility or services for the purpose of online advertisement, when such services are provided by a non-resident to either an Indian resident or a non-resident having a permanent establishment in India. The payer for these services are required to deduct 6% prior to making the payment. This is the first time that online services are being taxed in India.”

     Videocon director Anirudh Dhoot

    “The Finance Minister presented a balanced budget with a focus on infrastructure and agriculture sectors. By keeping the fiscal deficit target to 3.5 per cent of the GDP, the budget addresses long term positive impact on businesses. For consumer durable and home appliances industry specifically, the budget brings mixed responses. While the focus is more on dispute resolution and simplification of provision, the voluntary income disclosure will dampen the market. The government has lowered the corporate tax for new manufacturing units at 25 per cent with a view to promote industrial activity and generate jobs. With regard to small units having a turnover of Rs 5 crore, the corporate tax rate has been reduced from 30 per cent to 29 per cent. However, there is no relief on the corporate tax for big manufacturers. Government has stressed on GST implementation and proposed changes in customs duty to push make in India initiatives, which is aimed at improving the overall business environment.” 

     Sony Pictures Networks India CEO NP Singh

    “From an overall budget perspective, the enhanced public spending through various social schemes and infrastructure investments should further help to expedite economic growth. The government has also balanced spending with fiscal prudence by reigning-in fiscal deficit. From a media industry perspective, there were no major changes. I feel that a change in the definition of industrial undertaking for the services industry as well as a push to define the GST roadmap would have been sector-positive. There is a landmark attempt in the budget to simplify the tax administration, which should herald a friendlier tax regime.”

     Dentsu Aegis Network South Asia CEO and chairman and Posterscope & MKTG – Asia Pacific chairman Ashish Bhasin 

    “Overall there are some positives and some negatives in the budget. Not increasing the service tax is a positive, particularly for the advertising and media sector. The general expectation was that Service Tax may go up in anticipation of higher GST rates. Controlling the fiscal deficit and several steps to invigorate the rural economy and rural consumption are positive signals. A rural consumption revival will help the economy and the advertising and media sector tremendously. On the negative side, there was an expectation based on what the Finance Minister said in the past, that corporate tax rates would come down. That is not to be so for most large companies. Introducing double taxation on dividends is also a negative. In balance this seems to be a mixed bag budget with a positive bias. If it is able to spur overall economic growth, we could see good times ahead for the advertising and media sector.”

     Times Network CEO and MD MK Anand

    “Digitisation, in my opinion is the most important factor for the broadcast sector currently, we are very happy about the excise duty changes proposed for set-top-boxes, which will help in the last mile infrastructure of Digital Addressable System (DAS) Phase 3 and 4. Overall, a stable and positive fiscal situation is good for the economy and that will support our ad sales growth projections. All in all budget 2016 looks good for the Broadcast sector.”

     Viacom18 Group CEO and National Media and Entertainment Committee CII chairman Sudhanshu Vats

    “Kudos to the government for presenting a disciplined and inclusive budget. The emphasis on rural development and commitment to the fiscal deficit target augur well for the economy in the long-run. The proposal for a more conducive excise duty regime for STBs and other ‘entertainment-access devices’ is welcome. While many of us from the industry were anticipating more sector-specific announcements, I’m sure that this budget will benefit the larger economy and therefore, by extension, have a positive impact on our industry as well.”

  • News broadcasters’ expectations from the Union Budget 2016

    News broadcasters’ expectations from the Union Budget 2016

    MUMBAI: As another budget looms ahead of us, expectations are high riding especially amongst the Indian news broadcasters. The budget will be presented by the Finance Minister on 29 February, 2016 and almost every segment has a set of expectations. To get a better perspective of what news broadcasters’ aspirations are from this year’s allotment, Indiantelevision.com spoke to a few stalwarts from the industry.

    Times Network MD and CEO MK Anand says, “Digitisation in general and the rollout of Digital Addressable System (DAS) in the Phase III and IV markets will be perhaps the biggest game changer for Media & Entertainment. We’re looking at addressability and millions of undeclared TV households coming into the radar and huge corrections in the subscription ad revenues anomalies in India. Between Phases III and IV, we are talking around 110 million TV homes. So my biggest budget wish for the industry is that the operators in the distribution chain be empowered, financially, to be able to afford or access, and offer the mandated technically superior digital setups to take their analog TV homes digital. This will become easier if the government accords infrastructure status to the broadcast industry. The cable industry is expected to invest some Rs 40,000 – 45,000 crore on STBs. The government can really help accelerate and optimise the roll-out of DAS to a great extent with this one step.”

    As the press is often considered to be the fourth pillar of democracy in India, it is constantly observed that the fraternity has not been benefited much by the budget.

    Shedding some light on it, News Broadcasters Association honorary treasurer and News24 chairperson cum managing director Anurradha Prasad says, “First, according to me the government should include media industry in the infrastructure sector. Second, the fruits of digitisation should now come to media. It should positively come into news broadcasting. Media is the fourth pillar of democracy and it’s high time that it gets treated differently.”

    However Prasar Bharati CEO Jawhar Sircar is of the opinion that their requirements are being met by the Ministry’s budget. “We don’t seek much from the national budget,” he adds.

    CNN-IBN managing editor Radhakrishnan Nair says, “There is an opportunity available as the global oil prices have come down majorly, so we are sitting on a lot of money. We have not reduced excise on the fuel prices for consumers. There is a lot of tax money that the government has got in. One major thing is that GST, which has not yet been implemented. The budget should look towards the tax structure in which we will make ourselves ready for GST whenever it comes. There could be a possible increase in the taxes or some excise adjustments for different commodities but this year’s budget will not be a great people’s budget or a populist budget. It will be a budget that will try to reserve money for the economy and the government. I do not expect too many freebies rather I am expecting many improvements in the agriculture sector as the sector is facing a lot of stress due to various reasons. I would also like a lot of things for the benefit of the start-ups as they are young and willing to start their own businesses. So I expect a lot of tax allowances or policy allowances in this year’s budget.”

    With the budget round the corner, we journalists are often worried about different ways to cover it with a unique peg to the story. Speaking as a true journalist, NDTV Group CEO Vikram Chandra scorns, “I am not expecting anything from the budget. I am more worried about how I will cover it.”

  • News broadcasters’ expectations from the Union Budget 2016

    News broadcasters’ expectations from the Union Budget 2016

    MUMBAI: As another budget looms ahead of us, expectations are high riding especially amongst the Indian news broadcasters. The budget will be presented by the Finance Minister on 29 February, 2016 and almost every segment has a set of expectations. To get a better perspective of what news broadcasters’ aspirations are from this year’s allotment, Indiantelevision.com spoke to a few stalwarts from the industry.

    Times Network MD and CEO MK Anand says, “Digitisation in general and the rollout of Digital Addressable System (DAS) in the Phase III and IV markets will be perhaps the biggest game changer for Media & Entertainment. We’re looking at addressability and millions of undeclared TV households coming into the radar and huge corrections in the subscription ad revenues anomalies in India. Between Phases III and IV, we are talking around 110 million TV homes. So my biggest budget wish for the industry is that the operators in the distribution chain be empowered, financially, to be able to afford or access, and offer the mandated technically superior digital setups to take their analog TV homes digital. This will become easier if the government accords infrastructure status to the broadcast industry. The cable industry is expected to invest some Rs 40,000 – 45,000 crore on STBs. The government can really help accelerate and optimise the roll-out of DAS to a great extent with this one step.”

    As the press is often considered to be the fourth pillar of democracy in India, it is constantly observed that the fraternity has not been benefited much by the budget.

    Shedding some light on it, News Broadcasters Association honorary treasurer and News24 chairperson cum managing director Anurradha Prasad says, “First, according to me the government should include media industry in the infrastructure sector. Second, the fruits of digitisation should now come to media. It should positively come into news broadcasting. Media is the fourth pillar of democracy and it’s high time that it gets treated differently.”

    However Prasar Bharati CEO Jawhar Sircar is of the opinion that their requirements are being met by the Ministry’s budget. “We don’t seek much from the national budget,” he adds.

    CNN-IBN managing editor Radhakrishnan Nair says, “There is an opportunity available as the global oil prices have come down majorly, so we are sitting on a lot of money. We have not reduced excise on the fuel prices for consumers. There is a lot of tax money that the government has got in. One major thing is that GST, which has not yet been implemented. The budget should look towards the tax structure in which we will make ourselves ready for GST whenever it comes. There could be a possible increase in the taxes or some excise adjustments for different commodities but this year’s budget will not be a great people’s budget or a populist budget. It will be a budget that will try to reserve money for the economy and the government. I do not expect too many freebies rather I am expecting many improvements in the agriculture sector as the sector is facing a lot of stress due to various reasons. I would also like a lot of things for the benefit of the start-ups as they are young and willing to start their own businesses. So I expect a lot of tax allowances or policy allowances in this year’s budget.”

    With the budget round the corner, we journalists are often worried about different ways to cover it with a unique peg to the story. Speaking as a true journalist, NDTV Group CEO Vikram Chandra scorns, “I am not expecting anything from the budget. I am more worried about how I will cover it.”

  • Times Network appoints Ashit Kukian as President – Revenue

    Times Network appoints Ashit Kukian as President – Revenue

    MUMBAI: Strengthening its senior management leadership, Times Network has announced the appointment of former president and COO of Radio City, Ashit Kukian as president – revenue. 

     

    Earlier he worked as president & chief operating officer  with Radio City 91.1 FM. He had served Radio City for 10 years, lately focusing on driving revenues for the brand through traditional and non-traditional sources.

     

    In his new role, Kukian will work closely with the content, distribution, marketing and other enabling functions to meet business objectives. The Ad sales and branded content teams of the Times Network will directly report to him and he will report to Times Network MD& CEO, MK Anand.

     

    Speaking about the appointment Anand said, “It gives me great pleasure to welcome Ashit back into the Times Network fold as President – Revenue. His guidance, industry insights and operational expertise will help us achieve our aggressive growth targets and meet the business objectives through traditional and non – traditional revenue streams as we move into the future. I am sure his extensive background in media management and experience over two decades in the print, television & radio industry will add great value to the growth of Times Network.”

     

    Commenting on his new role at Times Network, Kukian said, “I am extremely excited to take on the new role with Times Network. As an individual helming the revenue vertical of a network that is growing by leaps and bounds, I will try my level best in giving my inputs, industry insights and operational expertise in the best possible manner. Using my experience garnered across print, television and radio I am sure I can lead the team in adding value to the growth of the network channels and businesses.”

     

    Kukian has had a 13 year stint with BCCL in the past where he managed several important roles, and over 15 years of experience in managing the business of media. He was a key member of the team that launched Zoom Television in 2004 and positioned it as premium Hindi entertainment channel for a high end urban audience within a year of its launch.

  • Times Now launches in UK today; other European launches to follow

    Times Now launches in UK today; other European launches to follow

    MUMBAI: The Indian and south Asian diaspora in the UK will get a dose of television news celebrity anchor Arnab Goswami from this week onwards. The reason: Times Now is slated to launch this week in the UK on channel 576 as a free to air channel on Sky on 15 November, after testing its signals for the past weeks or so.

    It joins the ranks of NDTV 24×7, Aaj Tak, ABP News and News18 India which too are airing in the UK.

    Times Now will be targeting the 1.4 million strong Indian diaspora in the UK, and the management says it is the first of its launches in Europe. It is slated to be rolled out in France and Germany, according to company sources quoted in the Financial Times.  The channel is already available in the US since 2011.

    Times Television Network MD & CEO MK Anand told the British financial daily that  the UK “can be our biggest diaspora market and a bridge into Europe … over the longer run there is no reason for us not to envisage Times Now as a global brand. Al Jazeera is an English-language channel which is talking about the world with an Arabic lens, and in time we can do the same for an Indian world view.”

    Times Now President & Editor in chief Arnab Goswami – who has built up a cult status  for himself and India’s  most watched English news channel – told the paper that initially only India focused news would be covered on the UK service. But the intent is  to develop local and global programming to appeal to global audiences, he revealed, bringing it in competition with France24, CNN, RT, and Al-Jazeera.

    The company is going all out to promote the channel in the UK with an outdoor, radio, online and press commercials and advertorials in the pipeline.

    It has set up an office in the UK in a bid to grab a share of the Britain’s estimated TV ad market of pounds sterling 4.04 billion.  The UK is one of the few countries where digital spending  is slated to account  for 50 per cent of the overall annual adex of 16.26  billion pounds by end this year, according to  research firm emarketer.  Ad spending on mobile and online devices is slated to attract more than twice the ad spending that goes to TV.

    Around 30 Indian channels are competing for the estimated 20-25 million pounds in ad spend  by Indian-targeted brands in the UK.

  • Times Network creates unique advertising opportunity for SMEs

    Times Network creates unique advertising opportunity for SMEs

    MUMBAI: Times Network has kick-started a unique advertising opportunity for Small & Medium Enterprises (SMEs) called Ascend Now 2015. 

     

    The week long workshops over three markets – Mumbai, Bangalore and Delhi are being held to educate, create awareness, and provide cost-effective advertising opportunities on national television for SMEs and start-ups.

     

    In India, there is a huge amount of potential hidden in the SMEs sector, which needs to be brought forth. The country is a home to over five crore SME units. Having said, that when it comes to communicating their respective brands, these SMEs and start-ups don’t know how to go about it.

     

    They don’t get expert advice that their bigger counterparts receive from brand consultants and media agencies. As a result, fail to optimise their brand communication and get that critical benefit. The research has shown that the biggest perception bearers amongst the SME and start-ups are of the opinion that the national television is expensive and beyond their reach.

     

    Having identified this need gap, Times Network has created an opportunity through Ascend Now 2015, whereby the SMEs and the start-ups can avail expert advices on brand communications and can broadcast their brand through the television channels of Times Network. Through this framework, the SMEs and the start-ups can do their brand promotions on India’s largest television platform in a cost-effective manner.

     

    As the workshops end on 23 September, Times Network is expecting to reach out to over 1000 SMEs and start-ups, which are prospective advertisers. The trend shows that the conversion of the prospects to the real advertisers will be about 150 companies. This initiative will possibly give a 10 per cent increase in the number of advertisers on Times Network, annually.

     

    Times Network CEO &MD MK Anand said, “I’m extremely thrilled with the kind of response we have received from the SMEs in the first two days of seminars in Mumbai. It is this success that gives us confidence about doing well even in Delhi and Bangalore in the next few days.”

     

    The packages that were offered were specially created for SMEs ranging from Rs 22 lakhs to Rs 66 lakhs. The offers are valid for a 12-month period and are only available on the day of the seminar.

     

    In the inaugural two-day workshop in Mumbai, the senior executives who participated were from companies that have presence in – Construction, Education, Food and Agro Products, Jewellery Manufacturing, Internet start-ups and Beauty and Lifestyle.

     

  • “60% of ad inventory on Property Now already sold”: MK Anand

    “60% of ad inventory on Property Now already sold”: MK Anand

    MUMBAI: The growing number of skyscrapers and commercial parks in the country and the announcement of initiatives like ‘Smart Cities’ and ‘Affordable Housing’ by Prime Minister Narendra Modi has set the ball rolling in the real estate sector. But, for dreams to be accomplished, transparent dialogues between various stakeholders is needed and to give the desired impetus, Times Network is set to launch a 24 X 7 real estate channel Property Now, starting October, 2015.

     

    The real estate industry sees over Rs 3000 crore of advertisement, which is mostly dominated by print. Times Network CEO and MD MK Anand, at the ongoing Big5 Construct India, 2015 said, “Real estate is the industry which produces 20 per cent of India’s employment and contributes 6 per cent to India’s economy, but is never spoken about. All the stories that we see about the real estate sector are negative and no one speaks about the positive side of the fraternity which builds India. Now, through Property Now, the top of the pyramid will know the positive stories of the sector.”

     

    Reports and survey indicate that around 11 crore homes need to be constructed to fulfill the dreams, and hence infrastructure is indeed a key sector. Also, the sector has no regulatory body and consumers have often suffered because of the loop holes in the self regulatory system. In such a scenario, Property Now can emerge as a perfect medium to ensure reduction of incumbency. Mumbai, for example, has several unoccupied affordable houses and illegal chawls. The existence of both at the same time indicates there are some flaws in the system which need to be converted to a dialogue and Property Now, being a venture from the largest media conglomerate in India, can easily indulge into that.

     

    “Dialogues, debates and awareness about the real estate sector will ensure smoother growth and that’s what is in the agenda of the channel. Property Now will educate, inform and make people aware about the sector,” asserted Anand.

     

    The network has tied up with Amagi for separate beams in separate regions. There are a very few builders who are present all over the country and so having a pan India channel with same feed and inventory might pose limitations when it comes to revenue generation. The to-be launched channel will have multiple feeds and will thus be able to rope in different advertisers for different regions. “We already have the infrastructure ready in Pune and now we can have different feeds for not only Property Now, but also Times Now and ET Now,” informed Anand.

     

    Property Now is currently eyeing the target audience of ET Now and thus will be working on similar distribution strategies. “The distribution process will be gradual and we will eventually expand our base. We have already signed deals with a few multi system operators (MSOs) and we will be gradually present on all the platforms,” said Anand.

     

    Times Network plans to back the channel digitally and will thus launch an app too.

     

    According to Anand, over 60 per cent of the ad inventory for the upcoming real estate channel has already been sold. “It is a record of sorts. The response has been amazing and we have a few launch partners already with us. We are yet to start selling FPCs and I already see a lot of positives,” he said.

     

    Times Network Real Estate and Personal Finance editor Faye DSouza will be heading the channel. “Faye has been a great resource and her experience and insights played a vital role in our decision to launch Property Now. In-depth debates and analysis will be immensely prominent on the channel. Faye will report to Times Now and ET Now news president and editor-in-chief Arnab Goswami,” said Anand.

     

    Talking about the editorial strategy, DSouza said, “It’s still early days. We will have bulletins, but the focus will be on advices regarding tax, home loans etc. There will be debates and a lot of dialogues involving Urban Development Ministry. We will also have weekend features on interior designing, Fenshui, Vastu and other after possession developments. Fundamentally we will help consumers invest smartly.”