Tag: Zen

  • Women Power: Divya Radhakrishnan

    Divya Radhakrishnan could have ideally fitted into a banking or finance career after graduating in economics. But it is the world of marketing and communications that fascinated her. And that is how she moved into the advertising profession.

    With over 24 years of experience, Radhakrishnan moved up the ladder across agencies like Dacunha Communications, Publicis Zen and Rediffusion Y&R. After becoming president at TME, the media arm of Rediffusion-Y&R, she decided to start her own venture and floated Helios Media in December 2011.

    In the second part of our International Women’s Day coverage, Indiantelevision.com looks at the lady who says that the “gender divide” has vanished over the years as she moved up the hierarchy. Radhakrishnan believes that a “CEO is a CEO be it in a suit or a skirt!”

    What has your experience as a woman in the media business been over all these years?
    When I joined the media business two decades ago, most media agency heads were women – Roda Mehta, Lynn D‘Souza, Ketaki Gupte and Kalpana Sathe. Having said that, it‘s not as if this was any reason for me to choose this space. Being part of a full service agency, most of my colleagues were men (the boss I was reporting into was a man too!). Hence, there wasn’t any gender leaning of any sorts.

    However, large amount of media spends in my early days of media planning was driven by FMCGs and most media plans therefore were housewife centric. Therefore, there was a slight edge in understanding behaviour (not that it gave me, a thoroughbred Mumbaikar, an upper hand about housewives in Kerala to sell Kanan Devan Tea to them).

    As I rose up the ranks to head the agency, this so called gender divide vanished. A CEO is a CEO be it in a suit or a skirt.

    In my current role as a person running my own company in the media space, all I can say is it gets noticed a bit that “yes she is a woman too!”. I am also discovering special allowances that the government has for women entrepreneurs which makes me feel very proud of our Indian governance. For example, the scheme for Small enterprises for financing by PSU banks has greater flexibility if the owner is a woman.

    How conducive is the environment for women to thrive in the media business today?
    Communications business has been about delivering the right ideas and ideas that work. Hence there needn‘t be any deterrent about being a woman to succeed in this space. The environment today is more conducive than ever before with the mobility of the office tools, with laptops and smart phones one needn‘t be tied down to your desk to complete work. The deadlines remain impossible like before but this flexibility keeps a check on the hours at office. Like it’s said “Office begins at 9 am but work begins at 7 am”.

    What are the major challenges women face today in the media biz?
    The challenges faced by women are the same as that of men. The challenges do not differentiate gender. But if I have to give specific examples pertaining to women, I would rather elaborate the opportunities than challenges because a challenge is a challenge till you face it and then it promptly converts into an opportunity.

    What changes would you like to see in the work environment to make it a better and more conducive place for women?
    Changes, I want to see is for the profession per se:
    1. Enough training opportunities before students take their career decisions of coming into media. Many a times, they do it blindly.
    2. Practical exposure rather than exposure to database. “Can you run TAM/IRS software” is a question that should be banned in interviews for Junior planners
    3. Diversion of business outside of the metros is not just about servicing a client in Trichur but getting closer to the consumer located there.

    On the personal front, which are the TV shows that you like watching more? Does this influence your buying and planning decisions positively?
    I am a voracious media consumer myself. I read five newspapers in the morning, listen to radio at drive time, surf net during the day and watch a lot of TV at night. I love daily soaps on GECs and reality shows (however uncool that may sound, don’t care). During my media planning days, I made sure that I had sampled whatever I recommended in my plans. This was a result of my early training days.

    What kind of movies are you fond of?
    Hardcore Bollywood entertainment.

    What is your vision of media and the role of women in it 5-10 years down the road?
    Media business has clearly demonstrated that there is equal space for all. It depends purely on your talent. Early days of women agency heads to current trend of men, five years down the line there will be no doubt at all of any wanting to know if the gender had any role to play for these positions which will get clearly established. Leadership definitions 10 years hence will be determined by pure leadership skills rather than the technical media knowledge. Gautam (Kiyawat) at Madison has already set this trend going.

    What are your views on traditional media?
    In the context of India‘s population construct, traditional media like press is yet to reach its optimum reach capability where it hovers currently at over 45 per cent. With literacy catching up, this will expand. TV, The more popular traditional medium, though larger, is still to reach the entire spread of the nation.

    What is your perception of emerging media such as the mobile screen, tablets, online and social media? And your perception of these being used as a targeted medium to communicate brand messages to consumers?
    Any place, space, time that a consumer can be found (even if it is a wash-room) becomes a medium. I think the line of traditional and emerging does not exist.

    And specifically mobile screens are certainly not emerging as they have travelled even beyond electricity and reached villages where consumers charge their phones on solar energy.

    All product categories have their own defined set of consumers and their media habits therefore become the relevant medium for the brands in that category. One cannot generalise on a medium per se. What works for one will not necessarily work for another.

    What will the media buying look like in 10 years from now?
    Media agency is the better terminology and not media buying agency. For a media investment to get its full worth, it needs to go through a full-service media agency and not focus on buying alone. This will become a fundamental given in 10 years wherein it will get more and more complicated to get those elusive reach numbers. Strategies will have to evolve towards providing the consumer “Opportunity to experience” (OTX) rather than the traditional “Opportunity to see” (OTS).

    What advice would you give to the young girls entering the business of media today?
    Be aware of what you are getting into. Early years of media business is extremely challenging and one needs to be fully researched on what it entails.

    Be a voracious consumer of media yourself – my favourite example is the men at the saree shop who drape the saree around themselves unabashedly to demonstrate the saree‘s beauty.

    Be well-read about society and people to map behaviour which needs to reflect on the media strategies. Rise above the numbers that data throws at you to give the client true value for his investments

    Whoever controls Media controls the Mind…. a space we women want to be in our relationships!

  • ‘The Merrill Lynch deal has given us a Rs 5 billion valuation’ : MK Anand – Zoom business head

    ‘The Merrill Lynch deal has given us a Rs 5 billion valuation’ : MK Anand – Zoom business head

    After selling 25 per cent stake to Merrril Lynch for Rs 1.25 billion, Zoom is gearing up for more programme launches to race ahead of competition that has arrived in the form Showbiz and E24.

     

    Targeting upscale audiences, the channel from the Bennett, Coleman & Co Ltd (BCCL) Group has increased its dosage of Bollywood-centric prime time content with a slate of new shows. Aided by a rise in ratings, Zoom is eyeing a revenue of Rs 1 billion this fiscal.

     

    In an interview with Indiantelevision.com’s Richa Dubey, Zoom business head MK Anand discusses the growth track of the channel and the need to push the Bollywood genre of content across different markets through the syndication route.

     

    Excerpts:

    Has Zoom Entertainment Network (ZEN) diluted 25 per cent stake to Merrill Lynch for Rs 1.25 billion?
    We got a valuation of Rs 5 billion when Merrill Lynch bought this stake in around May-June. We are utilising this amount to develop stronger content for the channel. Some of the new shows are already launched and we will gradually unveil a few more.

    Will you also not spend more on distribution as channels are finding it difficult to find space on choked analogue cable networks?
    We are content with our present distribution. We will be utilising the money only for new programmes.

    Why has Zoom shifted gear to Bollywood-centric shows?
    Getting viewers closer to celebrity life was the whole idea on which Zoom was launched. The metamorphosis happened when we realised that ‘celebrity’ as a word in India is congruent with Bollywood.

     

    Originally when we started, we were showing programmes based on popular influential people from all walks of life (corporate, sports, page 3). As we went along, we had to change and make it a Bollywood-centric channel because that is what people whom we target want to see. We tried to make the channel more holistic from the Bollywood point of view by showing many related things.

     

    Even our lifestyle shows are centred arround Bollywood. We will, for instance, not have a cookery show. But if a Bollywood actor likes some particular food, then we will show him cooking something. So we will always look for a Bollywood element in whatever we show.

    Was this metamorphosis dictated by the generic revenue limitations of a lifestyle channel?
    The lifestyle content on Zoom was always negligible compared to the glamour factor.

     

    Our programming budgets have definitely doubled over last year as our offerings have increased. Other than short form of content, we are now getting into longer formats which cost more.

     

    But it is also important to note that we operationally broken even last year. This has happened in just three years of our existence!

    Have advertisers been more supportive after Zoom shifted to a Bollywood-centric channel?
    When we launched, an advertiser could not classify us in any category because we were the first ones in the space. But now we have been substantially increasing our rates even while other channels were dropping theirs. This has been possible because we have an ad sales team which is bigger than what a channel of this size would normally have. As a group we are very ad-focussed.

     

    Our inventory is sold out. Some 300 clients must be active every year. We would be having 15-20 exclusive deals.

    When we started, we were showing programmes based on popular people from all walks of life. As we went along, we made it a Bollywood-centric channel because that is what people whom we target want to see

    What is your revenue target this year?
    We are targeting Rs 1 billion this fiscal (August-July period). This is after taking into account revenues through ads, video ads and content syndication that we do with other broadcasters.

    Whom does Zoom compare with when you pitch to clients?
    We normally compare ourselves with Star Movies, MTV, HBO and 9XM.

     

    These are the players focussed on this TG (target group) – SEC AB 1 million+ in the age group 15-34.

    What are the positioning changes Zoom has undergone ever since its launch?
    The Times of India Group as a whole has affinity with the urban upscale English speaking audiences. That has always been the Group’s focus. Similarly when it came to TV, we decided not to go for a mass channel and invest heavily in it. Instead, we thought of launching something for the particular audience we have affinity with.

     

    So we launched a channel catering to 1 million+ cities of India. Our weekly reach has gone up from 15-20 per cent in mid-2006 to 36 per cent this year.

     

    As a brand we promised to deliver glamour and we have done that successfully. In terms of brand proposition, we have evolved in terms of our offerings.

    How do you see Bollywoood evolving as a genre?
    Bollywood shows are still evolving as a genre. It is the most popular content, after fiction shows and movies. Even news channels have special shows centred arround Bollywood.

     

    We position ourselves as a generic channel for Bollywood.

    How does Zoom source content?
    We have a reporting team of about 40 people. They continuously shoot and get stories on Bollywood related stuff which is archived. That is the main store for us and we take footage from there and develop shows.

     

    Our in house team uses them to produce shows like Zabar 10, Planet Bollywood. Besides, we also have external production houses which make shows for us. Bollywood Club is done by Optimystix, Bollywood Case Files is done by Moving Pictures Company. We give our archived stuff to them as well.

    What is the movie acquisition strategy?
    For the movies that we telecast, we acquire them from other channels or producers for limited airings.

    What is the prime time on Zoom?
    Advertisers identify prime time from 5 pm in the evening till 1 am. But from the viewers point of view, it lasts from 7 pm – 9:30 pm, the time band where we have launched our new shows. Our core prime time would be 8-9 pm where we will launch stronger shows.

    Zoom also provides shows to other channels. How strong is this business?
    Yes, we do shows for other channels. We have realised that the bank that we have is more than what we can use. So why not commercially exploit our content further?

     

    We have not approached any Hindi channel, but we have some channels in the regional space who use our content. We have given our shows to ETV and Sun Network.

     

    We also have two deals in Pakistan. We are doing a one-hour show for Safron TV in South Africa.

    Will this not kill the exclusivity element on your channel?
    Zoom enjoys more channel loyality as far as Bollywood content is concerned. We have a first mover advantage in the genre. We also have exclusive coverage. Besides, we can leverage exclusive tie ups which Bombay Times has with others.

    What are the digital initiatives Zoom has undertaken?
    We are looking at opportunities in the digital space. Our channel is made up of short form of content. Say three stories of four minutes each are clubbed in a half-hour episode. If we unstring these episodes and put these videos on internet, they become easy to download.

     

    These small videos are more popular than the longer format due to lower streaming capacity in India. We unbundle the entire episode and put these videos on our site.

     

    For further promoting them, we have started putting these videos on other websites. We realised that there was an opportunity in syndicating Bollywood content. This has, in fact, increased traffic on our video online content.

     

    Realising the importance of this, we are looking at synergies now. We have an ad sales deal with these websites. We also promote our other shows through these videos. This makes the marketing of our shows easier and consumption increases.

    Which are these websites?
    Rediff iShare, Yahoo, Youtube and Nautanki TV. They have good traffic and for us they become a platform to share our shows.

     

    We have an ad sales contract with all of them.

    How big a challenge is distribution?
    Distribution is key to the business. But since we also have the consumer pull factor, cable operators will find it difficult to dislodge us from their networks. The Bollywood genre is also expanding with other channel launches. In another 18 months, we can expect the genre to develop and be widely accepted.