Tag: Reliance Broadcast Network Limited

  • Big FM elevates Sunil Kumaran as chief operating officer

    Big FM elevates Sunil Kumaran as chief operating officer

    Mumbai: The leading radio network Big FM has elevated the chief brand and digital officer Sunil Kumaran as the chief operating officer. Kumaran will spearhead revenue and technical functions besides continuing his current responsibility of brand and boosting digital growth of the network.  

    The announcement by Big FM is in line with the radio network’s evolving marketing dynamics and growth estimation in the space of multiple avenues, which will be optimised by Kumaran through innovation and development.

    Kumaran has been associated with the radio network for close to eleven years and comes with an experience of over two decades in the radio industry.

    Talking about his new role, Kumaran said, “We are going through a transformative time in our journey at BIG.  Tapping into our strengths, we have embarked on an aggressive growth plan to leverage the opportunities presented by the fast evolving digital landscape.”

    “I am happy to move into this role where I get to work with a top-of-the-line cross functional team, to drive this evolution and growth,” he added.

    Reliance Broadcast Network Ltd chief executive officer Abraham Thomas said, “Sunil is a proven leader and we aim to leverage every ounce of his superpowers as a revenue, product, content, and marketing visionary to write BIG FM’s success story.  His remarkable brand commitment, together with strategic vision, navigating through changing industry dynamics, constant client/listener focus, leading teams and setting them up for success and understanding of how we come together at BIG FM to execute against opportunities in a collaborative way will open up avenues for BIG FM to create newer milestones.”

    He further said, “here is wishing Sunil all the very best in his new assignment. I am confident in the commitment and the ability of our teams to rise to this challenge and script the biggest comeback story of the post Covid era.”

  • Reliance broadcast network limited on boards Abraham Thomas as company ceo

    Reliance broadcast network limited on boards Abraham Thomas as company ceo

    MUMBAI: Reliance Broadcast Network Limited, one of India's largest network has appointed Abraham Thomas as its Chief Executive Officer. As BIG FM looks at charting newer benchmarks with technology-led propositions, platform-agnostic content, incubating audio and video talent, branded content and original music led spikes on digital, the appointment of Abraham Thomas with his complementing ideologies will trigger a swift phase of growth. The industry veteran will leverage his deep insights into the multi-media platforms to drive and sustain the network's vision of being a leading platform-agnostic radio player.

    Abraham Thomas comes with more than two decades of experience and has a proven track record of propelling businesses across print, radio, TV and digital to newer heights in India, China and South Asia. Under his leadership, he has built robust organisations and added volume to the business inventories through high performing teams. A multi-faceted media professional turned entrepreneur with One Network Entertainment, he has previously worked with Radio City, RED FM, Indian Express, Sony, Astro Broadcast and MTV.

    He has always been extremely passionate about innovation in the audio entertainment space through various means such as content marketing, newer music formats and multi-platform approach.

    At BIG FM, he will take forward the mantle of driving meaningful partnerships, enhancing multi-platform reach, brand integrations, developing original content and music led programming and digital campaigns. As a media brand specialist, his association will strengthen the network's core functionality and leadership team with strategic alignment of goals across verticals.

    Speaking about his role at BIG FM, Abraham Thomas said, "Audio entertainment is ever evolving and players are bringing formats that are new and engaging to drive listenership and enhance advertiser relationships. BIG FM's programmatic and tech-driven developments paired with content marketing offerings by BIG Thwink, support the objective of pushing more original content and innovative brand integrated campaigns across platforms. In an evolving era where audiences are consuming audio content across multiple platforms, I am excited to join this evolving business and be a part of the successful transformation and growth that lies ahead.

  • Synergy between quality content & branding workable in digital space, feel industry experts

    MUMBAI: Providing young ‘jobbers’ in India with new, engaging and emotionally-connecting original OTT content that may be closer to their life, family or work situations with or without subtle brand integration would eventually lead to a pay-model (SVoD). And, that seemed to the underlying theme of ‘Expanding the content creator value chain’ session at the recent Vidnet 2017 organised by Indiantelevision.com in Mumbai.

    Moderator Sidharth Jain opened the discussion with four interesting models of the evolving OTT content some of which, as claimed, got 100 million views. One was the self-funded yet reasonably successful model of a Bollywood struggler, Navjyot Gulati’s short film ‘Best Girlfriend’. The second was Jyoti Kapur-Das’ Royal Stag branded ‘The Chutney’. The third experiment was YouTube-discovered Tamil director, who used his film proceeds to part-fund an original episodic series on Hotstar, and the fourth was the recent Amazon Prime-commissioned ‘Inside Edge’ model, which is loosely based on IPL and its evolution.

    Given this context, especially in the last two years, where did the panelists think the opportunities for content creators were? How could one use these learning to draw up strategies? Who is creating value and opportunities for creators? These were some of the posers by Jain to panelists, which included Reliance Broadcast Network Limited CEO Tarun Katial, Still and Still Media Collective founder Amritpal Singh Bindra, Monozygotic’s Raghu Ram, Viacom18 Digital Ventures head of content Monika Shergill and Perform Group director, content sales, India, Subhayu Roy.

    “Independent content creators getting some 100 million views underlines my impression that platforms (films, television or digital) dictate the kind of entertainment that will be produced let alone what will work and what won’t,” said Ram, adding that he believed television was for group viewing and mobile for individual viewing, which made all the difference.

    Monozygotic’s ‘Aisha My Virtual Girlfriend’ pocketed several international awards. “A lot of unconventional people who have been struggling in films and television,” Ram felt, “will find their voice on digital.”

    However, the nascent OTT industry is still experimenting, it seems. “Honestly, I feel, we have just begun. And, those who claim they know it all or have figured it out, are talking through their hat,” said Voot’s Monika Shergill. Though, she added that digital was an exciting and formula-breaking medium where people were “judging you all the time.”

    Referring to `It’s Not That Simple’ (Swara Bhaskar’s six-episode web series launched in October 2016), Shergill said that nobody was programming for women at that point in time and most shows were being made for “young, urban boys”. But, Voot chose to a show a disruptive subject for a mature female audience. “It was narrated and depicted tastefully and thought provokingly done,” she explained, highlighting serious subjects too could work brilliantly on a digital platform.

    Dwelling on demographics and experimenting with originals going forward, Shergill said Voot’s core TG was 18-30 years. “There is a misconception that we (OTT players) are catering to a very young or college-going audience,” she said, “But, in fact, we are targeting around 10 million first-jobbers who may have moved away from television and actively looking for stories that talk to them.”

    Rejecting a recently-coined phrase that OTT viewers and content lie “between Narcos and Naagin” as a headline-catching phrase, Shergill was of the opinion a large part of the Indian audience, however, was looking for good stories (and) not necessarily emotionally connecting with those (international) characters. “They (the audience) are looking for answers — life’s answers, which are closer to family and work situations,” she justified her stand on audience’s need.

    However, not everybody seems to have a definite handle on the kind of content that really worked. “Whether it is 10, 12 or 25-minute-series, nobody can guarantee the viewer’s attention as analytics may have found out,” Amritpal Singh said, admitting that a good story couldn’t be “supplemented, complemented or replaced” for sure. Singh has worked on all three formats of films, television and digital.

    While admitting that people learnt new tricks everyday in the digital space RBNL’s Katial felt like the cinema audience changed from single screen theatres to that of a multiplex with everybody becoming a multiplex audience eventually, the digital audience also is changing evolving. “Crucial changes took place (in the audience profile) after the arrival of Reliance Jio…the profile of the video viewer changed completely,” he asserted, explaining that digital has opened up a new class of viewers.

    “Although, on the digital platform one gets the time and space to do newer stuff and feel satisfied, I don’t think anybody is going to make path-breaking shows such as `Narcos’ for sometime (in India) until the audience evolves and stabilizes,” Katial said, adding, however, the journey would be “enriching” — there would be actually opportunities to do many different things.

    Does one needs to look at segmentation such as regional content, low cost or premium content, regional or pan-India market? It could work sometime. Katial highlighted the case of a Hispanic series with English sub titles, a take-off on Narcos, which did well on Netflix, connecting with the audience.

    “This average underdog story with greed, love and lust has reached somewhere, but it may not seem to do well on traditional television in India. But, we have an audience which is willing to experiment,” Katial remarked, adding that though in India there is also a segment of audience that is more confortable with content in their regional language.
    But speaking on segmentation, Katial also said there existed a section of ‘free audience’ on OTT such as FTA in the television space. “The SVoD audience is different from the AVoD audience. The former loves quality content, “he added.

    However, OTT or digital space is not about just fiction — of good quality or otherwise. Sports globally not only are a big attraction, but also revenue earners. And, India too is following that trend, albeit slowly.

    UK-based Perform Group’s Subhayu Roy said it was important to offer content that resonates with the audience. In the west, sports broadcasters did a magazine-kind programming before or after a game giving audiences options such as highlights, best shots at the goal, for example and analysis.

    “One could experiment with that magazine programming thought process in India. With that, one could manage to have a fresh set of audience and break the formula to content creation,” Roy argued.

    Talking about the fiction versus non-fiction, Ram said that they were yet to come up with something that was native to digital, while Shergill felt “non-fiction originals” on OTT had a limited shelf life —like a bursting of a big cracker. But, both of them agreed engagement with the audience was important. `MTV Roadies`’ consumption numbers (on digital) paralleled television and `Big Boss’ too had similar numbers, it was claimed.

    Do digital audiences seek free content or support from brands is critical? While agreeing that brand integration was important, Shergill said, “One needs a revenue model with brand support for the kind of stories that you want to tell. But we have not limited ourselves to that. We have gone ahead and invested in quality content. We did several shows last year and invested in originals pipeline. Now, we are ready with our next slate of shows. If a brand comes on board, it will be good, but quality hasn’t been compromised on.”

    The audience is more open to the idea of subliminal kind of branding as compared to the ‘Paas Paas’’ in-the-face branding, Bindra felt.

    Panelists also agreed that Indians generally struggle with the concept of paying for good — especially original and quality content. “Indians have traditionally struggled with the idea of paying for content. It does not come to them naturally. But, it will eventually happen. One needs to create the kind of content that justifies the kind of subscription they pay,” Bindra explained.

  • Big FM, India Today deals: Zee Media seeks shareholder nod for loans

    Big FM, India Today deals: Zee Media seeks shareholder nod for loans

    BENGALURU: Zee Media Corporation Limited (ZMCL) has sought public shareholder approval for special resolutions by postal ballot /e-voting process for authorizing the board to borrow moneys in excess of the paid-up share capital and free reserves of the company up to Rs. 3,000 crore.

    The funds will be utilised to acquire by way of subscription, purchase or otherwise the securities of, Today Merchandise Pvt Ltd (TMPL), Today Retail Network Pvt Ltd (TRNPL), Vrushvik Entertainment Pvt Ltd (VEPL) and Azalia Media Services Pvt Ltd (ASMPL), the current and/or future subsidiary(ies) and/or associate(s) of the company, subject to the condition that the aggregate of principal amount of such loan and/or value of such investment and/or principal amount secured by such guarantee/security shall not exceed an amount of Rs. 3,000 crores at any point in time.

    VEPL and ASMPL are the two companies to which Reliance ADA will transfer its radio and television business to. Both – ZMCL and Reliance ADA have the option to acquire the balance 51 stakes in VEPL and ASMPL. Both TRNPL and TMPL are loss making companies of the India Today group’s Living Media India Limited (LMIL) that have been developing infrastructure for TV shopping and eCommerce businesses to compliment its TV shopping business.

    As mentioned earlier, the ZMCL board had earlier approved acquisition of 49 per cent stake in 92.7 BIG FM, the radio broadcasting business of Reliance Broadcast Network Limited (RBNL), part of Anil Ambani-led Reliance ADA group. This will give Zee access to 45 running FM radio channels, apart from 14 other licences. The two Essel group companies – ZMCL and Zee Entertainment Enterprises Limited (ZEEL) were to pick up stakes in Reliance ADA’s FM radio business and two television channels respectively. Business Standard had valued the radio business 49 percent stake transaction at Rs 1,592 crore.

    Earlier, in February this year, the ZMCL board had approved in-principle, acquisition of 80 per cent equity stake by the company in both TMPL and TRNL.

    Among other resolutions, ZMCL has also asked its public investors to vote for resolutions that allow it to borrow money from its promoter entity Arm Infra & Utilities Pvt Ltd to the extent of Rs 500 crore.

    The voting period will commence on and from 23 December 2016 at 9.00 a.m. and end on 21 January 2017 at 5.00 p.m. Shareholders can opt for only one mode of voting i.e. either by postal ballot or e-voting. In case any shareholder casts the vote(s) through both the modes, voting done by e-voting shall prevail and votes cast through postal ballot will be treated as invalid.

  • Big FM, India Today deals: Zee Media seeks shareholder nod for loans

    Big FM, India Today deals: Zee Media seeks shareholder nod for loans

    BENGALURU: Zee Media Corporation Limited (ZMCL) has sought public shareholder approval for special resolutions by postal ballot /e-voting process for authorizing the board to borrow moneys in excess of the paid-up share capital and free reserves of the company up to Rs. 3,000 crore.

    The funds will be utilised to acquire by way of subscription, purchase or otherwise the securities of, Today Merchandise Pvt Ltd (TMPL), Today Retail Network Pvt Ltd (TRNPL), Vrushvik Entertainment Pvt Ltd (VEPL) and Azalia Media Services Pvt Ltd (ASMPL), the current and/or future subsidiary(ies) and/or associate(s) of the company, subject to the condition that the aggregate of principal amount of such loan and/or value of such investment and/or principal amount secured by such guarantee/security shall not exceed an amount of Rs. 3,000 crores at any point in time.

    VEPL and ASMPL are the two companies to which Reliance ADA will transfer its radio and television business to. Both – ZMCL and Reliance ADA have the option to acquire the balance 51 stakes in VEPL and ASMPL. Both TRNPL and TMPL are loss making companies of the India Today group’s Living Media India Limited (LMIL) that have been developing infrastructure for TV shopping and eCommerce businesses to compliment its TV shopping business.

    As mentioned earlier, the ZMCL board had earlier approved acquisition of 49 per cent stake in 92.7 BIG FM, the radio broadcasting business of Reliance Broadcast Network Limited (RBNL), part of Anil Ambani-led Reliance ADA group. This will give Zee access to 45 running FM radio channels, apart from 14 other licences. The two Essel group companies – ZMCL and Zee Entertainment Enterprises Limited (ZEEL) were to pick up stakes in Reliance ADA’s FM radio business and two television channels respectively. Business Standard had valued the radio business 49 percent stake transaction at Rs 1,592 crore.

    Earlier, in February this year, the ZMCL board had approved in-principle, acquisition of 80 per cent equity stake by the company in both TMPL and TRNL.

    Among other resolutions, ZMCL has also asked its public investors to vote for resolutions that allow it to borrow money from its promoter entity Arm Infra & Utilities Pvt Ltd to the extent of Rs 500 crore.

    The voting period will commence on and from 23 December 2016 at 9.00 a.m. and end on 21 January 2017 at 5.00 p.m. Shareholders can opt for only one mode of voting i.e. either by postal ballot or e-voting. In case any shareholder casts the vote(s) through both the modes, voting done by e-voting shall prevail and votes cast through postal ballot will be treated as invalid.

  • Zee Media’s 49% stake in 92.7 BIG FM gets it 59 radio channels

    Zee Media’s 49% stake in 92.7 BIG FM gets it 59 radio channels

    NEW DELHI: Zee Media Corporation Limited (ZMCL)’s Board of Directors today approved acquisition of 49 per cent stake in 92.7 BIG FM, the radio broadcasting business of Reliance Broadcast Network Limited (RBNL), part of Anil Ambani-led Reliance ADA group. This will give Zee access to 45 running FM radio channels, apart from 14 other licences.

    As per the agreement with ZMCL, which controls Zee group’s news-related businesses, RBNL shall be transferring the 45 operational and 14 new licenses into two special purpose vehicles (SPVs), respectively, along with the assets and liabilities. Zee shall acquire 49 per cent stake in each of these two SPVs named Vrushvik Entertainment Private Limited (VEPL) and Azalia Media Services Private Limited (AMSPL).

    ZMCL and Reliance Broadcast shall also have a call/put option to acquire/sell the balance 51 per cent after the lock-in provisions on the permission holder of these licenses expire. As per government regulations, at least 51 per cent shareholding needs to be held by the permission holder for a minimum period of three years from the date the radio channels were operationalized.

    http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/large/public/red-fm1.jpg?itok=s2fcJFNJ

    RBNL runs one of the largest network of FM radio channels in India, which include 45 operational licenses (issued under Phase II and migrated to Phase III) and 14 new licenses (issued under Phase III). The FM channels are broadcast under the brand 92.7 BIG FM that reaches 45 cities, 1,200 towns and over 200 million people.

    The lock-in period for the 45 operational licenses shall expire on 31 March 2018, while the lock-in period for the other 14 licenses are expected to expire around March 2020.

    ZMCL COO Rajiv Singh in a statement said, “We are pleased to announce this acquisition, which shall not only be complementary to our current business but accelerate its growth too. We are currently running successfully a bouquet of 11 news and current affair channels and with the addition of 59 radio licenses, we will be reaching out to a much increased audience base and will keep them engaged on different media platforms. This acquisition shall bring about the desired business diversity and will help in achieving the sound financial objectives at an accelerated pace.”

    http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/large/public/red-fm2.jpg?itok=7IERO5er

    The proposed transaction, which is subject to regulatory approvals, including that from Ministry of Information & Broadcasting (MIB), is expected to close in the first half of calendar year 2017.

    Commenting on the divestment of stake, Reliance Capital ED and Group CEO Sam Ghosh said, “We are happy to bring in Zee Media as our partner in the Radio business. This transaction is part of our strategy to reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital”. 

    Why has Zee re-entered the FM radio business (remember it bid for licences in the first round FM radio auctions years back)? 

    According to ZMCL, the radio assets become attractive for the following reasons; especially as the Phase III of FM radio expansion has liberal regulations compared to earlier phases: 

    – higher penetration leading to economies of scale
    – centralized broadcasting (networking) allowed
    – radio services in larger number of cities leading to increased advertisement budget allocation
    – multiple frequencies in same geography resulting in content differentiation
    – varied content such as news, sports, current affairs, sports, etc allowed
    – license tenor increased to 15 years from 10 years

    Whether the re-entry into radio business bears fruits remains to be seen and will also depend on the condition of the general economic conditions in the country that is currently unsettled a bit because of the government’s move to demonetise currency notes of Rs. 500 and Rs. 1,000 denominations.

  • Zee Media’s 49% stake in 92.7 BIG FM gets it 59 radio channels

    Zee Media’s 49% stake in 92.7 BIG FM gets it 59 radio channels

    NEW DELHI: Zee Media Corporation Limited (ZMCL)’s Board of Directors today approved acquisition of 49 per cent stake in 92.7 BIG FM, the radio broadcasting business of Reliance Broadcast Network Limited (RBNL), part of Anil Ambani-led Reliance ADA group. This will give Zee access to 45 running FM radio channels, apart from 14 other licences.

    As per the agreement with ZMCL, which controls Zee group’s news-related businesses, RBNL shall be transferring the 45 operational and 14 new licenses into two special purpose vehicles (SPVs), respectively, along with the assets and liabilities. Zee shall acquire 49 per cent stake in each of these two SPVs named Vrushvik Entertainment Private Limited (VEPL) and Azalia Media Services Private Limited (AMSPL).

    ZMCL and Reliance Broadcast shall also have a call/put option to acquire/sell the balance 51 per cent after the lock-in provisions on the permission holder of these licenses expire. As per government regulations, at least 51 per cent shareholding needs to be held by the permission holder for a minimum period of three years from the date the radio channels were operationalized.

    http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/large/public/red-fm1.jpg?itok=s2fcJFNJ

    RBNL runs one of the largest network of FM radio channels in India, which include 45 operational licenses (issued under Phase II and migrated to Phase III) and 14 new licenses (issued under Phase III). The FM channels are broadcast under the brand 92.7 BIG FM that reaches 45 cities, 1,200 towns and over 200 million people.

    The lock-in period for the 45 operational licenses shall expire on 31 March 2018, while the lock-in period for the other 14 licenses are expected to expire around March 2020.

    ZMCL COO Rajiv Singh in a statement said, “We are pleased to announce this acquisition, which shall not only be complementary to our current business but accelerate its growth too. We are currently running successfully a bouquet of 11 news and current affair channels and with the addition of 59 radio licenses, we will be reaching out to a much increased audience base and will keep them engaged on different media platforms. This acquisition shall bring about the desired business diversity and will help in achieving the sound financial objectives at an accelerated pace.”

    http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/large/public/red-fm2.jpg?itok=7IERO5er

    The proposed transaction, which is subject to regulatory approvals, including that from Ministry of Information & Broadcasting (MIB), is expected to close in the first half of calendar year 2017.

    Commenting on the divestment of stake, Reliance Capital ED and Group CEO Sam Ghosh said, “We are happy to bring in Zee Media as our partner in the Radio business. This transaction is part of our strategy to reduce exposure in non-core businesses and work towards further reducing debt under Reliance Capital”. 

    Why has Zee re-entered the FM radio business (remember it bid for licences in the first round FM radio auctions years back)? 

    According to ZMCL, the radio assets become attractive for the following reasons; especially as the Phase III of FM radio expansion has liberal regulations compared to earlier phases: 

    – higher penetration leading to economies of scale
    – centralized broadcasting (networking) allowed
    – radio services in larger number of cities leading to increased advertisement budget allocation
    – multiple frequencies in same geography resulting in content differentiation
    – varied content such as news, sports, current affairs, sports, etc allowed
    – license tenor increased to 15 years from 10 years

    Whether the re-entry into radio business bears fruits remains to be seen and will also depend on the condition of the general economic conditions in the country that is currently unsettled a bit because of the government’s move to demonetise currency notes of Rs. 500 and Rs. 1,000 denominations.

  • RBNL’s Rabe Iyer joins Motivator as MP

    MUMBAI: Rabinder Thirumurthy better known as Rabe Iyer, executive vice president, out-of-home and televised events at Reliance Broadcast Network Limited, has joined GroupM‘s Motivator as managing partner. He will report to Maxus and Motivator South Asia MD Ajit Varghese.

    Rabe appointment at Motivator comes into effect from today. Iyer will operate out of the Gurgaon office.

    Varghese said, “Rabe will be responsible for leading Motivator India growth as we set our vision to increase the pie on emerging corporates and open up offices in new geographies of India.”

    In his four-year stint with RBNL, Iyer has worked in leading positions driving the company‘s outdoor, live entertainment, activation, exhibition and radio business.

    He has 20 years of advertising media experience having worked with integrated agencies to leading media agency houses in India and in Vietnam. He has worked on brands like Hyundai, Nokia, Morepen, P&G and Coca Cola. He has experience of projects that target consumers for both low involvement to very high involvement brands both in India and emerging economies of Asia.

  • Big FM appoints Vivek Malhotra as marketing head

    Big FM appoints Vivek Malhotra as marketing head

    MUMBAI: Reliance Broadcast Network Limited (RBNL), has roped in Vivek Malhotra as the head of marketing for its radio brand Big FM.

    He moves from Bloomberg UTV where he was Sr.VP- marketing, PR and research of the English business news channel.

    At Big FM, Malhotra will be responsible for developing the overall brand and communication strategy for the business and implementation rollout across the stations. He will be closely associated with the product, operations and revenue teams as the radio business charts its aggressive growth for the next phase.

    RBNL said in a statement, “We are delighted to have Vivek on board. He brings with him vast experience across marketing, media research, trade management, sales support, AFP solutions, distribution and corporate strategy. With a strong understanding of business and tremendous creativity, we are confident Vivek will play a key role in leading the team to continue the development and growth of the radio business.”

    Malhotra added, “I am really excited about my new role at RBNL”

    He has worked across diverse business environments. Prior to Bloomberg UTV, he has also worked with Media Content and Communication Services (MCCS) and TV18.