Case Study
Magazines lead print sprint
Circa 1996. A close look at an A H Wheeler newsstand at any Indian railway station reveals hardly 40 magazines on display, and that too in the film and generals interest category.
Circa 2006. A close look at the same newsstand shows up more than a 100 magazines.
What‘s up? The Indian print media sector has got into the grip of magazine mania ever since the government permitted foreigners to invest 26 per cent in general interest publications and 74 per cent in special interest ones. Publishers both foreign and Indian have been introducing magazines in genres and targeted at segments which were unimaginable earlier.
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| Source: Guide to Indian Markets 2006 by Hansa Research & MRUC |
Hear out Mediaedge:cia general manager Mumbai Manas Mishra: “It‘s boom time for the magazine market and especially so for the niche magazine segment. I think, the market is still going to grow further. So, while the existing magazines will continue to do well and in the coming months, one is definitely going to see many more publications make a foray.”
Elaborating further, A.C. Nielsen client services director ND Badrinath says, “The game is really to work towards market expansion, with existing publishers launching niche magazines, right from photography to automobiles to food to healthcare.”
His estimate is that close to two magazines a month have launched in the past year, making it close to 24 new magazines that are out in the market today. “As consumerism is rising, so also is an appetite for special interest magazines. Also, what has made it interesting for the foreigner is the higher ceiling of 74 per cent in special interest non-news publications,” feels Badrinath.
The major magazine players are not just sitting back and watching the fun. English news magazine leader India Today has jacked up its cover price to Rs 20, a move that has been carried through by rival Outlook as well. The Week from the Malayala Manorama stable, meanwhile, has also upped its price to Rs 15.
And the tie-ups have been happening apace as well. Consider:
* Bennet Coleman & Co floated a 50:50 joint venture called World Wide Media – with the BBC last year. Under this, the joint venture will roll out new niche titles from the BBC stable in the Indian market while BCCL will sell ad space. Among the magazines which have rolled out include Top Gear. Others are expected to be introduced soon.
* Infomedia India Limited, India‘s leading special interest magazine and directory publishing company, set up a 51:49% joint venture with Reed Business Information called Reed Infomedia India Pvt. Ltd. The purpose: license titles from the Reed portfolio for the Indian market including the likes of Variety, JCK, Control Engineering and Logistics Management.
* In December 2005, Playboy Enterprises announced that it would launch its magazine with its usual fare, except for its name and its nudes. Christie Hefner, the chief executive of Playboy Enterprises had then announced to media that its Indian version “would be an extension of Playboy that would be focused around the lifestyle, pop culture, celebrity, fashion, sports and interview elements of Playboy.” But the magazine would not be “classic Playboy,” she warned. “It would not have nudity,” she said, “and I don‘t think it would be called Playboy.”
* To add on more to the action, is the Outlook group, publisher of the English weekly newsmagazine Outlook, has tied up with McCGraw Hill to bring out the best selling international newsweekly Newsweek into India. The Outlook management says it will relaunch the magazine (bring out a facsimile edition) this year by pricing it at locally affordable prices with Indian advertising with the content however being international. The magazine will be printed in Singapore, and will be shipped to India.
Says Outlook president and publisher Maheshwari Peri, “Today it is sold at Rs 80 per copy. To make it a mass product we will have to sell it at the prevailing prices in the country for mass market magazines. We will also undertake a brand promotion exercise.” His goal is to double the magazine‘s circulation in India from the 13,000 copies currently within a year.
“We will be able to break the price barrier, which is the key in making the product affordable,” Peri says.
Meanwhile, he has also inked a deal to bring to bring the leading international women‘s magazine Marie Claire to India. And of course, the group has also recently launched a business magazine called Outlook Business, which it is promoting aggressively.
* The India Today Group has been publishing Readers Digest, Cosmopolitan, Scientific American India and Golf Digest under different licence agreements from their US parents. The group is gearing up to reintroduce Time in India. Earlier it was distributing it along with magazines such as Fortune, but is now looking to take Newsweek head-on by introducing Time at Indian pricing. This apart, it has announced plans to introduce a regional language version of Readers Digest.
But where the action has really been red hot is in the men‘s lifestyle segment. A few months ago, Maxim publisher, Dennis Publishing licensed the title to speciality publisher Media Transasia. Man‘s World – a publication launched by Anuradha Mahindra – has been in this space for almost half a decade.
Says Maxim India CEO and associate publisher Piyush Sharma, “India has the most underpenetrated and underleveraged print media sector, especially magazines. In almost every genre there is either zero or just one or two players, as compared to the UK, which has 600 publishers and the US which has 2,000 publishers. And while there are many publications and publishing houses, just about 15-20 of them account for 80 per cent of revenues. We are looking at launching another three publications from the Media Tranasia stable – two of these are focused on travel, and women respectively.”
The goal, for starters, according to Sharma, is to take circulation of Maxim up to 80,000 copies. The first three issues, according to Sharma, have received a great response and almost all ad pages have been sold out.
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| Source: Guide to Indian Markets 2006 by Hansa Research & MRUC |
To take on the fight further, the Malayala Manorama group have gone ahead and launched a niche, lifestyle magazine called The Man. But, is there space for a third and fourth magazine in the genre, with Man‘s World and Maxim already in the market?
Says Pinaki Chattopadhyay, senior manager marketing, for The Week, “We decided to go ahead with a men‘s magazine, when research proved that there‘s a market for a magazine like this. We‘re printing around 30,000 copies and are also upbeat about the advertising potential of the brand.”
Adds Chattopadhyay, “The urban Indian man, we felt, needed a publication that understood his informational needs as a person who is evolving in response to changing city life, social roles and attitudes. He needed a publication that knew how to meet his aspirational needs as a consumer who sought a better lifestyle. Hence The Man.”
“Niche, premium magazines definitely have a lot of scope in the country with foreign brands making a foray and looking for specialized platforms to advertise, ” says Manas Mishra. “Though, the circulation might be less, but brands like Louis Vuitton, Christian Dior, Fendi, Schanel would rather advertise on these premium magazines and not go in with the general interest magazines.”
And statistics bear this out. According to TAM Research, magazine ad spend grew by 15 per cent in 2005 to reach Rs 7 billion with general interest (39 per cent) and women‘s (21 per cent) categories taking up 60 per cent of spend business, while the remainder 15 per cent was controlled by a large number of special interest titles.
Observers point out that it is this 15 per cent, which is only going to grow as niche magazines and consumer products wanting to reach out to their niche readers proliferate. Says a media observer, “But care has to be taken that the party does not get spoilt by an overkill of titles. Only the fittest will survive.”
Hopefully, the wannabe magazine barons are tuned in!
Mumbai: GIVA, a premium jewellery brand aiming to make authentic, elegant, and fine silver jewellery accessible in India, launched their latest line of Rakhi collections, for the upcoming Raksha Bandhan festivities in India. Renowned for redefining the art of presenting exquisite sterling silver jewellery, GIVA takes immense pride in launching an emotive campaign that honours the profound sibling connection. Aptly named “Ties of Love,” the campaign transcends being a mere collection; it is an exploration of the emotional connection that siblings share. This campaign artfully encapsulates the essence of sibling relationships through meticulously crafted 925 silver jewellery rakhis, serving as poignant symbols of affection, protection, and enduring love.
GIVA has embraced a digital advertisement that eloquently portrays the deep and meaningful love that siblings share. This ad serves as a heartfelt depiction of the profound bond that exists between brothers and sisters, further resonating with the brand’s dedication to celebrating and cherishing these special relationships. The ad beautifully captures the essence of a sibling duo celebrating a long-distance Raksha Bandhan and highlights the range of emotions amidst virtual and real-time celebrations. The campaign’s strategic blueprint leverages modern communication platforms such as influencer marketing, Youtube and Instagram advertising.
In a strategic move, GIVA enlisted the support of prominent social media influencers and celebrities Ridhhi Dogra, Pooja Gor and Sreejita De to convey the campaign’s key messages to their target audience. To honour this enduring bond between siblings, GIVA has created an Instagram filter named #TiesofLove. This filter is a tribute to the unbreakable bond we share with our siblings and with this, GIVA aims to witness countless siblings sharing their own delightful and hilarious anecdotes all through August.
GIVA has introduced an exclusive Rakhi collection complemented by exquisite fine silver jewellery choices, with prices beginning at just Rs 899 only. This assortment encompasses a diverse range of options to cater to various preferences, featuring personalized rakhis designed to strengthen the sibling bond. These personalised rakhis can showcase intricately embedded names of brothers and sisters, alongside specially crafted Lumba rakhi designs for beloved sisters-in-law. Moreover, their innovative Convertible rakhis offer a unique transformation into stunning pendants, reflecting a blend of sustainability and style.
GIVA founder Ishendra Agarwal said, “GIVA’s Ties of Love Rakhi campaign embodies GIVA’s mission: celebrating the timeless with a modern twist. This year, we sought to extend Rakhi’s warmth beyond a day by crafting convertible rakhis that can transform into cherished pendants. We also extended our shipping to over 20+ countries to truly celebrate sibling love across borders.
It is more than a campaign. It’s a call for togetherness. It’s a shared tribute to love, tradition, and cherished moments. Our curated collection of gift hampers, personalised rakhi and rakhi gifts are a testament that gifts should know no boundaries.”
To extend a perfect gesture towards both sisters and brothers-in-law, their Bhaiyya-Bhabhi combo stands as an ideal selection. The Rakhi Box is an exclusive gifting choice that presents a personalized rakhi and kumkum, encapsulating a heartfelt touch. Additionally, they also have Bracelet rakhis that seamlessly fuse tradition with fashion, adding to their charm.
Ensuring no one is left out, GIVA has an exclusive Kids’ collection that presents a delightful array of rakhis, starting at just 699 INR. This collection is tailored for younger siblings, capturing the spirit of sibling love playfully.
GIVA’s Raksha Bandhan campaign seeks to highlight the profound emotional value of the rakhi tradition in India, positioning the brand as a provider of thoughtfully crafted and meaningful silver jewellery. The brand’s objective is to establish a heartfelt connection with customers, nurturing a deeper understanding of sibling connections while showcasing the brand’s impeccable artistry. GIVA has always prioritized individuality and self-expression in its design ethos. This Raksha Bandhan, the brand is particularly attentive in presenting a diverse range of top-notch, hypoallergenic rakhis, all certified by GIVA. This effort is dedicated to cherishing the enduring bond, as precious as silver, that exists between siblings.
