Tag: Radio Mirchi

  • Voot head sales strategy & agency business Samir Karpe moves on

    Voot head sales strategy & agency business Samir Karpe moves on

    Mumbai: Voot head of sales strategy and agency business Samir Karpe has moved on after serving for over five years at the Viacom18-backed streaming service platform. 

    With over 12 years of work experience, Karpe is a digital marketing professional and tech enthusiast. At Voot, Karpe was tasked with managing the sales strategy.

    “After over 5 years, it is time for me to move on from Voot! I am #grateful to the entire team at Voot! I have had a fulfilling and rewarding journey,” said Kapre in a LinkedIn post.

    He had joined Voot in July 2016 as a senior manager and was elevated to head of sales strategy and agency business in June this year. Prior to Voot, Karpe had spent almost six years at Radio Mirchi where he managed key client accounts. 

    His next move is still unknown. 

  • Mirchi launches new show ‘Sunday Suspense Hindi’

    Mirchi launches new show ‘Sunday Suspense Hindi’

    Mumbai: Music and entertainment company Mirchi has launched its new show “Mirchi Sunday Suspense Hindi.” The radio show presents dramatic readings from Indian literature across suspense, crime, horror genres and it airs every Sunday between 3 p.m and 4 p.m on Radio Mirchi.

    The forty-minute-long show will be aired in Maharashtra, Madhya Pradesh, Chhattisgarh, Gujarat, Uttar Pradesh, Rajasthan, Delhi, North Bengaluru, and Mangalore, as well as in international markets including UAE and the USA. It will also be available to stream on Spotify, along with two other Mirchi IPs – “Sunday Suspense Bangla” and “Calling Karan: Season 1 and 2,” said the company in a statement.

    The show features famous stories by celebrated authors namely, Satyajit Ray, Conan Doyle, and Sharadindu Bandyopadhyay, bringing to life their works through a play of sounds, music, and background scores, it added.

    “The launch of Sunday Suspense is an effort in this direction whereby we are not only launching fresh formats on the radio but also providing some nail-biting, dramatised renditions of horror and crime stories from Indian literature,” said Entertainment Network India Ltd executive president Nandan Srinath. “The popularity of Sunday Suspense Bangla strengthens our confidence in this new show and we are looking forward to our listeners’ response to it. We are also happy to have partnered with Spotify as this will enable our discerning consumers to access our content 24*7.”

    Listeners can catch repeats of “Mirchi Sunday Suspense Hindi” every following Wednesday post-midnight or Saturday at 11 a.m.

  • Digital products drive Mirchi’s 30% sequential revenue growth in Q2

    Digital products drive Mirchi’s 30% sequential revenue growth in Q2

    MUMBAI: Entertainment Network (India) Ltd, FM radio channel Radio Mirchi, announced results for the quarter ended 30 September 2020.

    The company reported 30 per cent sequential revenue growth to Rs 47.0 crores in the second quarter, led by core radio which grew by 132 per cent and digital products which grew by 67 per cent. The company’s solutions business, which includes digital, accounted for 27 per cent of Q2 revenues, with gross margins of 53 per cent. Compared to a year ago however, revenues were down 59 per cent on account of Covid2019.

    The company cut costs drastically during the quarter. Direct variable costs (DVC), related toon-ground events and activations, fell by 63 per cent. Overall operating costs, including DVC reduced by 35 per cent over the same quarter last year.

    EBITDA loss during the quarter was Rs 6.2 crores, lower than the Rs 26 crores in the June quarter.Net loss for the quarter was Rs 23.7 crores, lower than the Rs 36.6 crores in June quarter. Balance sheet remains strong with cash reserves of Rs 240.8crores as on 30 September 2020.

    ENIL MD & CEO Prashant Panday said, “With the lockdowns gradually lifting in the second quarter, we saw a strong sequential growth in overall revenues during the period. The festive  season  of  the  year  has  begun  with  gusto  and  we  see  revenue  performance  improving further in the second half. Smart cost management will see strong positive EBITDA in the second half, with a likelihood of positive growth of last year. We remain confident about all our products –radio, solutions and digital in the months to come”.

  • ENIL income from outside India grows as other numbers plummet in first quarter

    ENIL income from outside India grows as other numbers plummet in first quarter

    BENGALURU: Indian private FM player Entertainment Network (India) Ltd (ENIL), which runs the Mirchi brand radio network in India, reported 71.7 percent fall in consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the corresponding year ago quarter (Q1 2020). The company reported consolidated revenue of Rs 38.46 crore for the quarter as compared to Rs 130.52 crore in the corresponding quarter of the previous fiscal. Quarter-on-quarter (q-o-q), revenue in Q 2021 also fell 75.3 percent from Rs 149.63 crore in Q4 2020.

    Break up of operating revenue from India was Rs 27.28 for Q1 2021, which was 78.9 percent lower y-o-y than the Rs 129.41 crore in Q1 2020 and was 81.2 percent lower q-o-q than Rs 145.02 crore in the immediate trailing quarter Q4 2020.

    Operating revenue from outside India in Q1 2021 almost quadrupled (increased 271.7 percent) y-o-y to Rs 11.18 percent (29.1 percent of operating revenue) from Rs 3.01 crore (2.3 percent of operating revenue) in Q1 2020 and increased 60.4 percent q-o-q from Rs 6.82 crore (4.5 percent of operating revenue) in Q4 2020.

    ENIL reported a consolidated loss of Rs 12.18 crore for Q1 2021 as compared to a profit after tax (PAT) of Rs 2.64 crore in Q1 2020 and a lower loss of Rs 1.60 crore in Q4 2020.

    ENIL’s consolidated Earnings before Interest, Depreciation, Taxes and Amortisation (EBITDA, operating profit or operating loss) for Q1 2020 was a loss of Rs 25.94 crore as compared to operating profit of Rs 33.06 crore (25 percent of operating revenue) in Q1 2020 and an operating profit of Rs 22.99 crore (15.1 percent of operating revenue) in the immediate trailing quarter.

    Let us look at the other numbers reported by ENIL

    ENIL total expense (TE) in Q1 2020 reduced 26.9 percent y-o-y to Rs 94.41 crore from Rs 129.19 crore in Q1 2020, and fell 41.2 percent q-o-q from Rs 160.42 crore in Q4 2020.

    Production expense for the period under review declined 52.7 percent y-o-y to Rs 13.60 crore from Rs 28.77 crore in Q 2020 and fell 73.9 percent q-o-q from Rs 52.04 crore in Q4 2020.

    License fee in Q1 2021 was 12 percent lower y-o-y at Rs 7.87 crore crore as compared to Rs 8.95 crore in the corresponding year ago quarter and fell 14 percent q-o-q from Rs 9.15 crore in the immediate trailing quarter Q4 2020.

    Employee Benefit Expense (EBE) in Q1 2021 at Rs 26.30 crore fell 25.9 percent y-o-y from Rs 35.49 crore in Q1 2020 and declined 17 percent q-o-q from Rs 31.68 crore (20.7 percent of TIO).

    Finance costs in Q1 2020 declined 3 percent y-o-y to Rs 4.72 crore from Rs 4.86 crore in Q1 2020 and was almost flat (increased 0.4 percent) from Rs 4.70 crore in Q4 2020.

    Other expenses in Q1 2021 at Rs 16.64 crore declined 35.4 percent y-o-y from Rs 26.15 crore in Q1 2020 and were 53.8 percent lower q-o-q from Rs 35.97 crore in Q4 2020).

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • How brands position and compete during Covid2019

    How brands position and compete during Covid2019

    The world has come to a literal standstill in the wake of the deadly Covid-2019 pandemic. It wouldn’t be wrong to say that all of us are in the midst of an unprecedented crisis. Even the marketing and communications industry is seeing a downward trajectory, with most companies struggling to stay afloat and keep themselves relevant in times like these. 

    A lot of challenges await brands as they look to maintain their presence among consumers during the lockdown. Market sentiments have hit the purchasing capacity of consumers, both in terms of behavioural and economic approach. It won't be too early to say that humans have adopted 'social distancing' as their way of life, and have begun to understand the difference between ‘needs’ and ‘wants’.

    Amidst all of this, how can a brand gain attention of existing and potential consumers? How does it ensure that its voice is heard? The answer lies in humour, banters with other brands, and showing empathy; at least these options have found some amount of success with a lot of brands that have been trying out these cool new initiatives. 

    And this is also backed by data. According to a Barometer India study by Kantar conducted from 19-22 March, 28 per cent of their respondents are still keen to observe their brands’ creativity in sharing trusted information with the audience. Also, the study has suggested that 79 per cent of the consumers want to experience how helpful brands can be in a new world post Covid-2019, in their everyday lives. This clearly shows that consumers are going to be way more alert and intuitive before building their loyalty towards any particular brand.

    The aviation industry has generally been a big trendsetter in this aspect. A few days ago, Indigo poked some harmless fun at Vistara with a quirky tweet stating 'not flying higher these days we heard?' with the hashtag #StayingParkedStayingSafe. Other Indian airlines were quick to join the conversation with their own witty comebacks, with Delhi Airport finally rounding up the conversation with a hopeful-for-the-future kind of tweet. With no certainty of any of these brands being back to business soon, they not only conveyed the importance of staying home, but also kept themselves relevant in the audience’s mind through a unique take on the current situation. 

    A similar kind of attempt was made by the Mumbai Police to educate netizens to stay home by quoting some of Alia Bhatt’s hit movies.

    This allowed netizens to participate in conversations, and also gave a big boost to the Mumbai Police’s initiative of taking creative routes to impart education about staying home. 

    The radio industry isn’t staying far behind either. Radio has emerged as one of the most credible sources of information during lockdown with credibility score of 6.27. According to AZ Research PPL, 82 per cent of the masses have been relying on radio for gaining access to authentic pieces of information. Radio brands have kept aside their rivalry and joined hands to keep the brand relevant in their own creative ways.

    It all started when Fever FM tagged Radio Mirchi and subtly poked them, asking if they are still happy as Radio Mirchi, playing on the tagline – "Mirchi Sunne wale always khush." Ishq FM and Radio Nasha soon joined this online conversation.

    It is intriguing how brand communications are adapting to evolving consumer sentiment in a short span of time. It’s like the pandemic imparted a whole new perspective to their approach. Whether it is to poke fun, or to show empathy, brands are now connecting more with competitors, without caring too much about fighting for audience mind space. 

    Even influencers have taken up the mantle to educate while staying relevant to their audience on social media. With Covid-2019 bringing all sporting events to a halt, sports personalities like Usain Bolt have also engaged in some fun, albeit educative conversations. He used the iconic picture from his 100m race win at 2008 Olympics to advocate social distancing, while also subtly poking fun at his competitors by showcasing how he had outpaced all of them.

    Once all of this is over, it will be interesting to see how brands approach their communication strategies. Will they continue to remain as empathetic to competition, and creative in their approach to communication? Will we see an innovative and collaborative approach to keep their ‘reborn’ consumers engaged? Only time will give us answers to all these questions.

    (The author is a communication specialist. The views expressed are personal and Indiantelevision.com may not subscribe to them)

    Follow Tellychakkar for the consumer facing news & entertainment

  • MX Player announces 20 new originals by March 2020

    MX Player announces 20 new originals by March 2020

    MUMBAI: Bringing viewers stories that matter, stories that are authentic and powerful narratives that evoke emotion – the brand has now announced 20 new originals by March 2020, making it a colossal 35 originals by the end of the business year.

    Hosting one of the largest collections of premium content available for video on demand in India, the platform has 1,50,000 hrs of “Everytainment” including content from their partners like SonyLIV, Applause, HoiChoi, SunNxt, TVF, Radio Mirchi, Dice Media and Arre amongst others.

    Elaborating on the same, MX Player  CEO Karan Bedi said, “To bring alive our next slate of amazing originals, we have collaborated with writers and directors par excellence, a stellar talent pool of superlative performers and stories which are a class apart! With our scale and penetration that is unparalleled in India, we truly have succeeded in building an entertainment ecosystem with widespread appeal.”

    Here’s a look at some of its marquee properties for the year.

    This November, fans will be treated to a musical extravaganza like none other with the launch of Times of Music which features the who’s who of the music world as a part of the show – including Vishal-Shekhar, Bappi Lahiri, Salim-Sulaiman, Pyarelal-ji, Amit Trivedi, Rajesh Roshan, Agnee, Euphoria, Indian Ocean, Shantanu Moitra and Amaal Malik just to name a few. This series heroes a never-seen-before concept where each episode features two legends – veteran composers and new age artistes – performing their renditions of each other’s most celebrated songs.

    An ode to Indian weddings and the shaadi season is an MX Original Series ‘Shaadi Fit’ that traces the journey of 4 young couples who are put through an intensive journey to turn into the best shape of their lives physically, mentally and emotionally for their wedding day.

    Investing in regional content across genres and languages, MX Player adds ‘Ek Thi Begum’ and ‘Samantar’ to its Marathi slate. The former is a thrilling revenge drama where a woman, pushed to the brink emerges as a dominant force to avenge her lost husband while ‘Samantar’ is another ambitious regional project featuring the superstar of Marathi cinema – Swapnil Joshi in the lead. The brand is also dabbling with 2 Bhojpuri shows – ‘Madhuri Talkies’ and ‘Runaway Lugaai’, while the Tamil slate brings you the most awaited series by National Award-Winning Director – Gautham Vasudev Menon – ‘Queen’.

     ‘Call it Magic’ is a crime thriller which stars acclaimed performers like Ranvir Shorey, Akshay Oberoi, Shweta Basu Prasad and Mrinmayee Godbole as the leads and its next is a relationship drama about love in your 20s, 40s and 60s – ‘Pawan and Pooja’ which features an ensemble cast including Mahesh Manjrekar, Deepti Naval, Gul Panag and Sharman Joshi amongst others.

  • Times Network international biz head Naveen Chandra moves on

    Times Network international biz head Naveen Chandra moves on

    MUMBAI: Times Network’s international business head Naveen Chandra has stepped down and will be serving his last day on 28 February. He confirmed the news to Indiantelevision.com.

    Chandra has been associated with Times Group for over 16 years. Previous to Times Network, he worked as head, strategy and new initiatives at Times Global Broadcasting Company (TGBCL), the parent company of Times Network. He joined Radio Mirchi as executive VP and National sales director.

    Overall, he has 25 years of experience in business operations, sales and marketing across broadcast tv, radio, print, internet and digital mediums across Indian and international markets.

    Before Radio Mirchi, he worked with Sesa Seat for over a decade.

    Earlier this year, Times Network has also appointed Amitabh Biswas as head of marketing, English entertainment cluster. In his role, Amitabh will lead the brand and media strategy for the Network’s English entertainment channels (Movies Now, Romedy Now, MNX and MN+) across platforms.

  • All India Radio, Radio Mirchi, INOX & State Governments join forces with The Festival of Bharat

    All India Radio, Radio Mirchi, INOX & State Governments join forces with The Festival of Bharat

    MUMBAI: The Festival of Bharat, a one-stop experiential window into the best of India, partners with India’s national broadcaster, All India Radio, and India’s favourite Hindi music radio station, Radio Mirchi to promote arguably the largest PPP (privately funded and organised, government backed) cultural event of the country, and an unmissable one for Indians and India lovers across the globe. India’s two biggest radio stations, from both public and private sectors respectively, have come together in a rare instance of multiple major radio partners for one event, to cover this much anticipated festival. The festival has also tied-up with India’s premium chain of cinemas, INOX, who will play promotional videos of the festival at all their screens throughout the country, to further target the large numbers of HNI visitors expected to visit the festival.

    The Festival of Bharat will showcase an array of exciting events ranging from a day time lit fest with debates and talks, an evening music fest with beautiful Indian music from stars and legends alike, a morning yoga retreat by The Art of Living, a carefully curated multi-state flea market and exhibition, a spectacular outdoor fashion show, a ‘desi’ after-party, and an unmissable organic food festival. Speakers at the 5-day mega festival include Subramanian Swamy, Padma Vibushan Archarya David Frawley, Major Gaurav Arya of Republic TV fame, Suhel Seth, Ira Trivedi, Karolina Goswami, Nupur Sharma, and Vivek Agnihotri among others. 

    Commenting on the association, Cory Bixler, Founder of The Festival of Bharat said “I am pleased that India’s finest media platforms continue to join hands with The Festival of Bharat, and see their central role in celebrating the culture and traditions of India. Associating with these firms and other big brands is only natural and to be expected, as we all desire the same outcomes – a revival, exemplification and promotion of the best of India’.

    Supported by The Ministry of Tourism, Government of India, state governments, The Indian Debating Union, and The Art of Living, The Festival of Bharat has been painstakingly curated as a 21st century tribute to the majesty and depth of India’s unique history and culture.

    This most-awaited event is slated to attract tens of thousands of upwardly mobile visitors from April 4th – 8th at IGNCA, right next to Rajpath in the heart of New Delhi. 

  • Mirchi associates with Delhi govt on substance use

    Mirchi associates with Delhi govt on substance use

    MUMBAI: Radio Mirchi has culminated the second season of Mirchi Degree and educated students on the issues of substance use.

    Radio Mirchi 98.3FM – a leading radio station, saw the culmination of its flagship campaign, ‘Mirchi Degree’ to to boost the confidence of every student. This year, Mirchi has associated with the Government of Delhi to talk about the sensitive issue of usage of drugs by college students.

    The campaign, which started last year, is curated to encourage students to believe that it is not only the formal degree that will take them to heights but the unconventional talent hidden in them also plays a vital role to achieve success. This year, the campaign was endorsed by celebrities such as Ajay Devgn, Varun Dhawan, Raj Kumar Rao, Ileana D’Cruz, Shreyas Talpade and Esha Gupta. The initiative was aimed to address the issue of substance use and compelled students to get high only on their talent and not on any substance.

    As part of the activity format, fully branded activity vehicle was deployed in campuses in Delhi/NCR including elite colleges like SRCC from the Delhi University North Campus. Led by RJ Naved, Radio Mirchi team along with the Mirchidaar RJs invited the students to showcase their talent through Live performances inside the bus and provided them a chance to earn a Mirchi Degree.

    With the students posting funky pictures on their social media handles, RJ Naved was seen entertaining and cheering them.

    As part of the drive, Mirchi spoke to several addicts, peddlers, doctors, NGOs to shed light on the growing concern. To spread the message, the Mirchi team conducted both on-air and on-ground activities to college campuses in Delhi NCR.

    Radio Mirchi cluster head Pritesh Chothani said, “The idea that passion is as important as education, we want all students to be confident of their talent and stay away from substance. Talent will take you far, anything else will not.”

  • TRAI: FM Radio ad revenue moved up in third quarter

    BENGALURU: After the slump in advertisement revenues by private FM radio stations in the quarters ended 30 June 2016 (Q1-17) and 31 March 2016 (Q4-17), the trend seems have been changed, albeit marginally for Q2-17 (quarter ended 30 September 2016)  and Q3-17 (quarter ended 31 December 2017) according to the data released by The Telecom Regulatory Authority of India (TRAI).

    According to TRAI data for Q3-17, radio combined ad revenues reported by 272 of the 273 private operating FM radio stations were Rs546.72 crore or an average of Rs2.01 lakh per station for Q3-17. This washigher than the average of Rs 1.94 crore per station (combined revenue Rs502.13 crore from 259 stations)for the immediate trailing quarter. Q3-17 ad revenue was however short by about Rs12 lakh per station as compared to the corresponding year ago quarter for which TRAI reported combined ad revenue of Rs533.7 crore from 240 radio stations (Average revenue per station of Rs2.22 crore per station). As a matter of fact, in Q2-16, the average revenue per station was highest at Rs 2.22 crore during the period commencing from end Q1-12 until the current quarter.

    Please refer to the Figure below for FM Radio Ad Revenue over a five year plus period spanning a 23 quarter period starting with the quarter ended 30 June 2011 (Q1-12) until the quarter ended 31 December 2016 (Q2-17) as per TRAI data. The amounts are in Rs crore and rounded off to the nearest decimal place in the case of combined ad revenue and two decimal places in the case of Average Revenue per station.

    public://4444444444.jpg

    In absolute terms, combined Radio ad revenue in Q3-17 increased 8.9 percent and 3.4 percent year-over-year (y-o-y, as compared to the corresponding quarter of the previous year) and quarter-over-quarter (q-o-q, immediate trailing quarter) respectively. Average revenue per station in the current quarter declined 9.6 percent y-o-y, but increased 3.7 percent q-o-q. The total number of stations in Q3-17 increased 13.3 percent y-o-y and 5 percent q-o-q.

    Please refer to Figure B for y-o-y and q-o-q changes

    public://5555555555.jpg

    Thirteen new private FM stations commenced operations to take the total number of stations at close of 31 December 2017 to 273 in the third quarter of 2017 according to TRAI. At the close of Q2-17 (previous quarter), there were 260 private FM stations operating in the country.

    Here’s two of the major radio networks’ performed in Q3-17

    One of the biggest players in the private FM radio business – Entertainment Network India Limited that runs the Radio Mirchi network among others, reported 4.9 percent y-o-y increase in consolidated Total Income from Operations or revenue (TIO) for Q3-17 of Rs 150.65 crore for the current quarter as compared to Rs 143.57 crore in the corresponding quarter of the previous fiscal. Q-o-q, revenue in Q3-17 also increased 16.2 percent from Rs 129.65 crore in Q2-17.The company’s consolidated profit after tax (PAT) in Q3-17 declined by 43.1 percent year-over-year (y-o-y) to Rs16.42 crore (10.9 percent margin) as compared to Rs28.86 crore (20.1 percent margin) and more than doubled (increased 2.18 times) q-o-q from Rs 8.05 crore (6.2 percent margin).

    Commenting on the results, ENILmanaging director and chief executive officer, Prashant Pandaysaid, “We are poised on the cusp of a strong growth curve with the LoveNetwork – 8 ‘Mirchi Love’ channels of our own and 3 ‘Ishq FM’ channels of TV Today –now fully operational. This network, along with the original ‘Mirchi’ network, now comprising 42 channels, offer advertisers the widest coverage across the country. With thegovernment soon to announce the results of the second batch of auctions held recently, we willgrow even bigger. These are exciting times!”

    Another player, DB Corp’s MY FM radio network which encompassed 26 live stations with the launch of nine new stations during Q2-17 and Q3-17 reported revenue increase in Q3-17 of 12.4 percent to Rs 36.32 crore as compared to Rs 32.32 crore in the corresponding year ago quarter.  DB Corp’s earnings press release said that its radio business operating profit (EBIDTA) grew 3 percent y-o-y to Rs 14.8 crore (41 percent margin), while profit after tax (PAT) also increased 3 percent y-o-y to Rs 8.1 crore (22 percent margin).

    Unlike most of the other players in the media and entertainment, the major players of the radio industry were not as affected by the government’s demonetisation drive that commenced on November 8, 2016. With more stations to roll, the industry’s ad revenues can only grow.