iWorld
Changing consumer behaviour as viewership spikes on ZEE5
MUMBAI: The current Covid2019 pandemic and the nationwide lockdown has not just stalled industries and economic activity but has also contributed to the ongoing change in behavioural patterns in people, including that of digital consumption. The restrictions on social interaction imposed by the government in response to the pandemic had already led to an increase in video viewership on OTT platforms. The lockdown led to more people inadvertently realising the convenience of OTT, which has shifted the way content is consumed on a day-to-day basis.
With Unlock 2.0, production studios are coming back to a new way of shooting; thus ensuring consumers get their daily dose of entertainment. With regional language channels launching new shows which are being shot in smaller towns to new episodes of old shows, viewership is growing week on week. ZEE5, India’s No.1 Contech platform, has observed a phenomenal spike in viewership as consumers consume more content on the platform, with the new Unlock!
Viewers bounce back:
As TV shows gear up to launch new episodes from 13 July, ZEE5 has observed a +52 per cent Week on-Week growth in video views across majority of languages. Shows such as, Rahichi Rahibi Tori Pain, Pavitra Rishta, Vedh Bhavishyaacha, Ninne Palladhata and many shows across Hindi, Oriya, Marathi, Kannada etc have observed a massive jump in video views.
With the increase in demand for digital content, more and more households have invested in Connected TV (CTV) devices like Apple TV, Amazon Firestick and Smart TVs. These devices provide regular televisions with internet access to stream video content on OTT platforms.
The Rise of Cord Cutting and Cord Shaving
Cord cutters are viewers who have cancelled paid multichannel subscription services like cable or satellite television. Cord shavers are viewers who have downgraded their TV packages, replacing those reduced services with on-demand video streaming services.
In a survey carried out by Eros Now and KPMG in September 2019, involved 1458 OTT users from 10 cities in India, revealed that 10 per cent of respondents prefer watching original content online. The report also revealed that OTT video could usher in cord cutting sooner than expected. While 38 percent of the respondents could consider cord cutting in the future, 14 percent of the respondents considered subscribing to OTT platforms as an alternative to TV subscriptions.
As more and more consumers decide to reduce or cancel their TV subscriptions to consume content on OTT, this has led to a rise in cord cutting and cord shaving.
The lockdown has driven this behavioural change into permanency and now manifests itself in viewers consuming old and new TV content again across all apps.
With three out of ten respondents viewing online video on telco platforms, also proved the importance of Telco platforms for the distribution of online video content. A recent study by YouGov (Feb 2020) suggested, that 42 per cent people spend time watching catchup content on OTT platforms while only 18 per cent prefer watching TV. The same report also mentioned that 72 per cent urban Indians prefer video on demand as compared to cable TV.
A large part of the TV viewing audience has migrated towards consuming content on digital-only platforms like OTT. The above table shows 10 shows which are produced for TV and are also available on ZEE5. Majority people have watched the episode on ZEE5 as compared to TV. This rise in viewing content online has opened new doors for advertisers. As more and more people move towards ZEE5, advertisers can use this opportunity to reach more people by leveraging ZEE5 content to increase their market presence.
Opportunity for Advertisers
As consumers adapt to the new way of living, they will likely continue to stream OTT content for the majority of their at-home entertainment. Hence OTT is becoming mainstream for most advertisers as the platforms are brand safe, have higher ad completion rates and cost per effective reach for the brand. As viewership increases, ZEE5 is the destination for brands to advertise which provides incremental and targeted reach through transparency in measurability.
ZEE5, Contech leader in this space, provides unique targeting through one on one targeting, lifestyle-based cohort segmentation and a powerful suite of Ads format to engage audience depending on business objective across an entire device ecosystem.
Learn more about OTT advertising and how this strategy could be implemented for your business by getting in touch with ZEE5 Ads.
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.
