GOA: Localisation is the new mantra, which businesses across the world are adopting to survive the highly competitive market scenario. Who would have thought of a paneer burger from the house of KFC?
Taking a cue from that, national advertisers are increasing their spending on local cable television channels as it garners high viewership due to the locally relevant content it airs. The aim is simple: to target consumers in specific geographic areas.
SureWaves MediaTech CMD Rajendra Khare during a fireside chat with Indiantelevision.com founder, CEO and editor in chief Anil Wanvari at IDOS 2014 spoke on ‘New drivers of monetisation for cable TV’.
Cable reaches the remotest of hinterland and the national advertisers are looking for growth from these markets. “SureWaves is already on its way to becoming a game changer as far as geo-targeted advertising in the country is concerned,” he said.
“The local content aired by the MSOs and the LCOs or the niche satellite channels has a great connect with the local audience. Not only in India but world over, people care more about what’s happening in their locality rather than what’s brewing at the national and global level,” he added.
SureWaves MediaTech, a Bangalore-based digital media-technology company, offers the SureWaves Media Grid, an integrated advertisement aggregation, content delivery, network management, media planning and reporting platform. SureWaves provides real-time data monitoring of ads, which has, for the first time, made cable TV advertising accountable.
Elaborating more about the company Khare said, “We build cloud based technology. We have our own devices, which we install at the studios of our channels partners.” The company positions a propriety device which is connected to the grid and the TV channels.
It is learnt that the company has partnered with many channels, irrespective of the people watching those channels. “Here the national advertiser, who wants a large audience, benefits the most as the business house gets combined viewership of end number of channels together,” he said.
As for the local channels, they are happy with the new advertising revenue coming in from the big players. The local channels till all these years never got access to the advertisement revenue from the national advertisers. So that problem is now getting solved. “We are solving the problems of the parties. Advertisers are experimenting with our platform,” he said.
“This is the robust monetisation model that channel partners sign with us. We are accountable and instantly can see whether the advertisements are aired or not,” he highlighted.
Stating the TAM report, Khare said that nationally these channels command around 4.5 per cent of the channels’ share and nationally it is top five channels. “The combined viewership of local channels is very large. As a standalone, these channels don’t get the national advertisers’ revenue as the national advertisers contribute a big chunk to the national television advertising spent,” he said.
With the digitisation process in full swing, the country is expected to see satellite channels increasing, and post digitisation, the solution provided by the company would be more sought after. “In the digitised era, more niche high definition content would be there,” he said.
Talking about the challenges, he agreed that it is problematic as some local broadcasters’ air pirated content. However, he further added that it is easier to screen content.
He concluded by saying that the company is working on a solution to create content for the broadcasters, who are its partner.
