Speaking on this, Media Futures president Raj Gupta pointed to
the two disruptive trends mentioned earlier. "If the key
advertising demographic i.e. people below the age of 30 continue
to avoid advertisements as media owners fail to engage them better
then advertisers will shift their budgets elsewhere. We have identified
three dimensions that media owners need to work on. The first
is breadth. This means making content searchable across different
platforms.The second is length which means increasing the lifespan
of content and the third is depth which means repackaging content
in the form of different products and services."
"The challenge for advertisers targeting the youth is that
reaching them is 30 per cent higher than reaching the housewife.
Media Futures will also offer training for sales people. Marketing
needs to be more disciplined in the future and that is one area
where we will help our clients."
"The number of television
channels has grown from 137 in 2000 to over 300 last year. Print brands have grown
from 38,398 to over 46,332 in the same time frame. There are likely to be over
700 radio stations by 2007. Mobile users are expected to cross 200 million by
2007 and the number of internet users is expected to reach 100 million. In any
industry there is consolidation and the media industry is no exception. Only the
strong brands will thrive. The rest if they do not shape up will whither,"adds
Gupta.
BDA founder Bruce Dunlop says, "Great brands have a certain
tone of voice. We do not believe imposing our ideas on clients.
So we are not going to design your channel. We will work with
you in designing your channel. Everything we do is a partnership
with our clients. This strategy has worked well for us. The Indian
media industry has certainly come of age. We ask questions and
then offer solutions to clients. We produce creatives for ESPN
Star Sports, NBC, National Geographic, HBO among other clients.
In India we have worked with Sahara One, Filmy in designing the
look and feel of that channel. We have also worked with Pogo,
Aaj Tak and Channel7."
Garcia Media founder Mario Garcia succinctly elaborated on five
challenges facing media owners today. "The first is rethink
what you do and how you do it. A good example is Starbucks though
it has nothing to do with media. Starbucks thought for a long
time on how they could sell coffee in a different manner. They
came up with wireless cafes. So you can check your email and drink
coffee. Another novel concept was drinking coffee with a potential
date. It is thus important for us to adapt to change by finding
new ways of presentation."
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