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Bollywood producers need specialised marcom consultants

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MUMBAI: The Advertising Club Bombay’s Value Creation seminar on marketing entertainment and their growing inter-dependence gave glimpses of the future of film production in India and the gradual transformation that the process of film-making is currently undergoing. The panelists agreed that Bollywood needed marketing lessons in order to capitalise on the merchandising opportunities and in-film placements.

PNC chairman Pritish Nandy, while talking about his personal experiences in successful marketing of entertainment, mentioned that intangibles were the heart of the business. He added that the interface between filmmakers and third-party marketing/advertising agencies working together to come up with different branding opportunities was a huge opportunity.

Writer director Ashutosh Gowariker of Lagaan fame felt that films have not been able to leverage marketing or merchandising opportunities because the filmmakers didn’t manage their time well and got drawn into distribution-related routines closer to the release phase. He added that modernization has still not made such of an impact in the traditional ways of the film industry. Gowariker also seconded the view that the third-party marketing/advertising agency could take on the responsibility for informing the producers about the various possibilities for leveraging merchandising.

Pritish Nandy Communications (PNC) will make eight movies till March 2004 and 12 movies till March 2005. Nandy mentioned that more and more viewer movies will be the order of the day in 2003. He also envisaged that corporate participation in film-making will increase in the near future. He felt that corporates don’t have any special skills but could play a vital role in handling the risks better and cost-efficiencies. He added that many financers had badly burnt their fingers and movie-producers need to make choices that financers are comfortable with. Gowariker added that the corporates and third-party marketing/advertising agencies need to study the distribution network diligently.

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Nandy stated that the distribution people down the line (in remote parts of India) played a very big role in the film hits and misses. He added that these distributors had an uncanny ability to ‘smell what is right’ and the money-making opportunities therein. He lamented the fact that the entire film or its details are not shown to the various rungs of the distributors. In the near future, he envisaged a situation wherein the distributors would get involved in the early stages of conceptualization of the film. Gowariker added that the scripts must be previewed and tested amongst an audience comprising of distributors and viewers.

Nandy mentioned that the only predictable thing about the film business was its innate unpredictability. He pointed out that conventional wisdom still guided and ruled scripts but it was slowly changing into a search for offbeat themes. He opined that many producers and filmmakers were struck in a time wrap, believing that they could connect with the viewers through the usage of traditional ploys. But Nandy mentioned that the society was in a state of flux. He pointed out that the viewers choices and preferences varied from villages to towns to mini-metros to metros; even within metros different pockets of viewers liked different fare. He also felt that every new film took off on an age-old theme; re-packaged the rediscovered theme by restructuring the styling; and changed the execution to touch innate sensibilities that were representative of the contemporary society. Nandy gave examples of movies such as My Fair Lady and Pretty Woman. Nandy admitted that filmmakers must initiate consumer research during the pre-release phase which would involve aspects such as “Is the movie the first choice?” and “Why would I see the movie?”. He also stated that film-goers loved a certain element of surprise and the ‘magic of discovery’. Nandy added that the Indian audiences were ready for change and “surprises” and commented that anything could work if it was well made.

Nandy mentioned that producers must involve an outside advertising or marketing agency to obtain a different perspective and present positive criticism. He admitted that the third-party intervener wouldn’t have the same passion as the film-maker and sometimes could bring out negative aspects. Although producers and film-makers are sensitive to criticism, they must absorb the relevant rationale of the interveners as the final communication message would develop from the confluence of the views of the film makers and the interveners. Gowariker added that the marketing strategy of a film depends on the content. Gowariker opined that a definite marketing strategy for different phases of the film’s release must be clearly outlined at the conceptualization stage itself.

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Nandy also mentioned that the traditional streams such as audio rights had hit a dead-end. However, the current breed of producers and filmmakers could choose and pick from a large menu of sponsorships and branding opportunities during the pre-release, release and post-release phases of each film. Gowariker added that the marketing plan should comprise of several options catering to different scenarios of a film’s fate – in case the film is hit or if it is a semi-hit or flop. Gowariker offered the example of Lagaan wherein the cricket match event between cricketers and film stars held after the film’s release evoked more interest in the film itself and led to repeat viewings. Gowariker however rued the fact that they missed out on various merchandising opportunities for Lagaan. However, he added that the filmmakers mustn’t compromise with their initial concept line. He emphasized that content can never take a backseat.

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Manindra Mohan joins CoinDCX as SVP & head – data & analytics

Former Amazon and Unacademy analytics leader to scale crypto insights

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MUMBAI: India’s crypto exchange CoinDCX has appointed Manindra Mohan as SVP and head of data and analytics, bringing on board a seasoned data strategist at a time when the country’s digital asset market is entering a decisive phase.

In his new role, he will steer enterprise-wide data science, analytics and business intelligence initiatives. His mandate spans product, growth, risk and customer experience, with a clear brief to embed data-led decision-making into the company’s core as it scales across India and beyond.

Announcing the move, Mohan said he was “thrilled” to join CoinDCX, calling the Indian crypto market pivotal and ripe with opportunity. He thanked co-founders Sumit Gupta and Neeraj Khandelwal, along with Mridul Gupta, for the opportunity to help shape what he described as the future of finance.

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He noted that architecting data solutions for a 24 hour global asset class presents a formidable challenge. Yet, he added, the chance to redefine financial access and drive crypto adoption “across every pin code in India” makes the task compelling.

Mohan arrives with nearly two decades of experience across technology, media and digital platforms. Before CoinDCX, he served as head of data science, analytics and BI at Carousell Group. Prior to that, he was SVP and head of analytics at Unacademy, where he built and scaled the analytics and insights function supporting product, sales, marketing and finance teams.

His earlier stints include heading analytics for Amazon prime video in India, where he oversaw data across product, acquisition, engagement and content, as well as serving as senior manager data sciences and advanced analytics at VMware and senior manager marketing and digital analytics at Dell Technologies. He began his career as senior business analyst at Cognizant, working on large scale crm and analytics implementations for global clients.

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Colleagues describe Mohan as a builder of teams as much as models. From managing global analytics rollouts to leading large cross functional units, he has consistently combined statistical rigour with commercial instinct.

At CoinDCX, that blend could prove timely. As crypto exchanges navigate regulation, volatility and rising user expectations, data is no longer a back office function. It is the compass. With Mohan at the helm of analytics, CoinDCX is betting that sharper insights will translate into deeper trust and broader adoption in a market that never sleeps.

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