iWorld
Budget ’17: OTT players hoping for tax rationalisation to boost growth
MUMBAI: 2016 was indeed a critical year for the over-the-top (OTT) services in India. In an emerging market like India, the potential of more content consumption is certainly a reality. Increasing availability of smart phones, internet penetration, affordable data rates, 4G rollout, availability of good quality content and new entrants have led the OTT industry to bloom in 2016 and the trend is likely to continue. But the segment players are also looking up to the government for a clearer economic roadmap after the shockwaves of demonestisation.
“The entertainment industry has always been on the forefront of economic contribution. Though it is expected that GST rollout (as and when it happens later this year) would bring about more uniformity in the system of paying multiple taxes, it is also expected that finance minister Arun Jaitley will announce reforms, which will help control piracy issues in the country and help boost video on demand market in India,” said Muvizz.com COO and co-founder Abhayanand Singh.
Zee’s business head of digital for India Archana Anand opined that 2016 will go down as the year in which the wheels were set in motion for the growth of OTT. According to her, OTT platforms likely to become the go-to source of entertainment in the coming years, particularly for the millennials, who do not have easy access to a TV set and for whom it’s really about the content and not the size of the screen. But for that economic incentives are also needed from the government.
Echoing similar views, Web Talkies chairman and managing director Virendra Shahaney asserted the government needs to beef up digital infrastructure like Internet and faster implementation of free wi-fi projects. “A relaxed taxation policy for start-ups would be welcome and tax breaks for start-ups should increase to five years with a significant improvement in ease of doing business,” he added.
Pointing out that India downloaded six billion apps in 2016 making service usage the highest globally, Dekkho co-founder Tanay Desai said ,”The BHIM app has been downloaded 10 million times already indicating a healthy potential payment pipeline. GST will aid online payments for users as well as brands by reducing tax barriers across states in India and the industry looks forward to additional (tax) relaxation measures in the upcoming Budget.”
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Budget ’17: Media segments seek succour, digital direction from govt
iWorld
Anirudh Ravichander and Universal Music India join forces to take South India’s sound to the world
The composer behind 13 billion streams launches Albuquerque Records with UMI as its exclusive global partner
MUMBAI: Universal Music India has struck an exclusive partnership with Albuquerque Records, the freshly minted independent label of singer-composer Anirudh Ravichander, in a deal that bets big on South India’s booming pop and hip-hop scene going global.
The arrangement, announced on 17 March, will see Universal Music India handle future pop and hip-hop releases by Anirudh himself, as well as artists signed to the new label. A first release is already in the pipeline for April, featuring Anirudh.
The numbers behind the man are hard to ignore. Debuting in 2012 with the viral sensation “Why This Kolaveri Di”, Anirudh has since clocked over 13 billion audio streams across more than 770 tracks, cementing his position as the No.1 South Indian artist on Spotify by total streams. His fingerprints are all over some of the Tamil film industry’s biggest musical moments, from Hukum and Vaathi Coming to Arabic Kuthu and the A23 Theme.
But Albuquerque Records is a different beast. Built for the non-film space, it is designed to nurture independent talent and champion the next wave of Indian pop voices. “Universal Music India’s leadership in pop and hip-hop made them the natural partner,” said Anirudh. “I’m excited to take independent voices to audiences around the world.”
Universal Music India’s chairman and CEO Devraj Sanyal was equally effusive. “Anirudh represents the future of Indian music, bold, original, and with enormous potential,” he said. “Identifying transformative talent is our superpower, and this partnership reflects that belief.”
Sanujeet Bhujabal, managing director of Universal Music India, framed the deal as more than a distribution play. “Albuquerque Records represents Anirudh’s bold artistic vision in the world of pop and hip-hop,” he said. “True to his legacy of innovation, this partnership is set to establish yet another landmark creative space, this time for the emerging world of iPop and beyond.”
For Universal Music India, the deal deepens a long-running push into South India’s four key language markets: Tamil, Malayalam, Kannada and Telugu. The label already has regional imprints, film partnerships with Maddock Films and Excel Entertainment, and a growing non-film roster. Landing Anirudh, arguably the south’s most bankable music brand, is a statement of intent. South Indian music has the streams. Now it is coming for the world.
