Welcome to the June 2012 edition of
The Newsreel, Ernst & Young's newsletter on the media and entertainment (M&E) industry.
India’s print segment continues to attract investment and growth, unlike its counterparts in international markets. The sector is witnessing expansion into new markets and acquisitions by corporate houses. Bennett Coleman & Company Limited (BCCL) has expanded its footprint into the West Bengal market and plans to launch Amaar Shomaay in Kolkata by September 2012. Kumar Mangalam Birla of the Aditya Birla Group has acquired a 27.5% stake in the Living Media Group, the publisher and owner of the India Today magazine and the Aaj Tak TV channel. The Essel Group has consolidated its presence in the print segment by acquiring complete control of the DNA newspaper from its JV partner, the Dainik Bhaskar Group.
The filmed entertainment segment has been witnessing heightened action in the theater chain space. DT Cinemas is looking to expand its offerings by launching super premium film screens in the country, with tickets expected to be priced at a 100% premium over normal rates. The chain intends to expand into south India as well. The segment is also witnessing consolidation with the merging of INOX and Fame Cinemas. The combined entity will now be the largest theater chain in India, surpassing BIG Cinemas in terms of its number of screens.
The advertising segments is usually the worst affected in the event of an economic downturn and witnesses increasing activity as the economy recovers. It is now beginning to see a growing number deals. JWT has acquired a majority stake in Hungama Digital Services and Komli Media has raised US$39 million to drive its strategy of growth through acquisitions. Airtel has entered the mobile advertising space by introducing an advertising platform for advertisers.
This month’s “In-focus” section discusses the key trends, challenges faced and the way forward for the children’s TV genre in India.
In the “Point of view” section, Monica Tata, General Manager, Entertainment Networks, South Asia, Turner International India Pvt. Ltd. shares her views on the children’s genre in television.
I hope you enjoy reading this edition of the Newsreel. We look forward to your valuable feedback.
With kind regards,
Farokh T. Balsara
Media & Entertainment Industry Leader Europe, Middle East, India and Africa