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CASBAA Convention: Focus on content, advertising & evolving business models on second day

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Macau: Day two of the CASBAA began with nerves on edge as the world awaited the outcome of the US Election. The focus soon turned to the issues at hand for the cable and satellite industry from the new reality for TV on the advertising landscape, the challenges for operators across the region and also content, whether global or home grown.

First order of the day was the topic of advertising. Dave Downey, CEO of INVIDI Technologies, illustrated how ‘addressable’ advertising could be used to predict viewing behaviors. Basil Chua, CEO from AsiaMX, talked about the need to understand viewer habits, flagging that they are watching content not devices. Both believed that the advertising formats would result in big wins for operators. Intrinsically linked to the advertising discussion is the subject of measurement and Craig Johnson, MD Media, South East Asia, Pacific and India, Nielsen highlighted some of the current challenges OTT has presented with measurement, suggesting that viewership on other devices could represent an additional 15%-20%of media usage that is not accurately measured yet. The introduction of smart-meters could help more accurately chart multi-device viewership and content sources.

Content from Japan took the spotlight with Eriya Kawachi, Director Sales and Promotions, Club TV Japan, showcasing some platforms that have been winning in popularity outside of Japan with Club TV. Richard Woo, Consultant for WAKUWAKU JAPAN, discussed how Japanese content is well known for its creativity, uniqueness and a certain wackiness. Korean content also featured on the agenda with Miles Ki Young Choi, Founder & CEO of Bethel Group Media Contents, talking about how interactive content was key to the future, flagging interactive drama as something they were championing. Byeong-Joon Song,CEO Group 8, saw simultaneous distribution as important for Korean content, highlighting difficulties with penetrating the Chinese market and Tom Taehyun Kim, CEO & Executive Producer, K Production, confirmed that superb storytelling was of course essential for content to have wider appeal.

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Creating content that consumers are passionate about was paramount for Jo Parkinson, Managing Director, Love Nature International. The production of stunning, beautiful programming that consumers care about helps Love Nature achieve global reach. Caroline Cochaux, MD France and International, Lagardère Active TV, highlighted how multi-platform synchronized content with big name brands helped them appeal to a multi-market demographic while Rian Bester, CEO of INsight, flagged how the core essence to global appeal was having the scale to expand into new markets and increase viewership.

On the flip side, Ang Hui Keng, SVP & GM, Sony Pictures Television Networks, Asia, discussed the localization of global content and what the company was doing to make global formatsmore relevant. Where there was a sizeable audience, resources are being ploughed into local original productions. In addition, social media production crews would film in parallel to the main show to create a wealth of social content for local audiences.

Sports content and licensing rights are always hotly debated subjects in the pay-TV arena. Neil Smythe, Head of Sportat Shotglass Media, FMUK Interactive, illustrated how its Football Republic platform steered away from rights issues in the provision of football content that focused on conversations and debate from fans and influencers on the gamesthat complement existing sports broadcasts. Victor Cui, CEO of ONE Championship talked about how local heroes were helping to drive relevancy in Asia markets. Athletes serving as pillars of the local community helped to support this.

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Another interesting slant on the content front came from Zaid Mohseni, COO, MOBY Group, who discussed the challenges of bringing news and entertainment programming to emerging markets such as Afghanistan. Social and cultural issues have a real bearingboth the creation and accessibility of content. For example, foreign programming needs to be dubbed as the literacy rate is so low in Afghanistan.

The challenges facing operators were raised in two panels featuring operators including Jeremy Kung, CEO of TMNet Malaysia, Jeon Yong-Ju, CEO of D’Live Korea and Ralph Siebenaler, Digicel in one, and Meena Adnani, Content & Marketing Director, First Media (Indonesia) and Jagdish Kumar, MD & Chief Executive, Hathway Cable (India) in the other.These included figuring out what consumers wanted and providing accessibility, the need for more viewership statistics and working with operators in the OTT landscape.Once the basics in terms of stability and speed had been covered, the next step would be to offer value-added services while building a strong relationship with the customer. The operators agreed that working with their channel providers was key to building a good offering, particularly in the new normal of OTT.

Janice Lee, MD PCCW Media Group, took to the stage to discuss evolving business models in the current landscape. Whilst free TV is the engine of original production, PCCW has to balance revenues primarily with a subscription revenue model but supported by advertising. Monetization across regional markets continues to be a challenge. Taking the opposite approach, ITV, said Katherine Wen, Director of Pay TV, ITV plc & Channel Director, ITV Choice, said subscriptions only accounted for a small fraction of revenues, relying instead on advertising and revenues from original content. Both agreed that OTT presented a challenge but great opportunity for their brands.

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The agenda returned to piracy with Ron Wheeler, SVP Content Protection at Fox Entertainment Group, discussing how the issue remains a pertinent threat. He flagged some initiatives such as session-based forensic watermarks that are making some headway in the fight against the pirates. The watermarks allow uploaders of illegal content to be identified and their details given to the local authorities.Enforcement support from local authorities is of course key to success here.

With CASBAA celebrating its 25th Anniversary this year, the closing panel looked at what the industry has achieved over the last quarter century, with a look to what the next five years might bring. Khush Kundi, Head of TV Solutions, APAC Ericsson, Mark Patterson, CEO APAC, GroupM, Jonathan Spink, CEO, HBO Asia, Ang Hui Keng, SVP & GM, Sony Pictures Television Networks, Asia and David Butorac raised the need to recruit younger talent to the industry and understand the millennial mindset as well as what consumers will pay for content and how to work with advances in data. Future threats to the industry such as Google and Facebook going into content production were also highlighted.

“We are delighted that our delegates found the sessions useful and informative today. We continued to debate key issues facing our members today such as evolving business models, audience measurement and piracy. Content in all its glory and formats was widely discussed today and we hope that the best-practice sharing here will inspire our members. Content still is king in our industry after all.” says Christopher Slaughter, CEO of CASBAA.

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MAM

Never put a ceiling on yourself: Edstead CBO Charu Budhiraja’s bold advice to the next generation of women

Edstead’s CBO on trading the hard sell for human truth, and why ‘let the work do the talking’ is more than just a mantra

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MUMBAI: There is a particular kind of storytelling that does not announce itself. It does not interrupt your evening with a jingle, or flash a logo at you every thirty seconds. It simply pulls you in, holds you there, and leaves you thinking long after the screen goes dark. Charu Budhiraja has spent over two decades figuring out how to make that happen, and she will tell you, with the ease of someone who has learned this the hard way, that the secret is disarmingly simple: be real.

As chief business officer at Edstead, a Mumbai-based purpose-first content studio, Budhiraja sits at the intersection of creative instinct and commercial strategy. It is a position she has built towards across a career that winds through Ogilvy, Endemol, and Warner Bros. Discovery, and one that has seen her make films for Unilever and PepsiCo, shepherd long-form documentary partnerships, and watch the entire language of branded content change around her. She has sat in rooms where the brief was to sell, and in rooms where the brief was to mean something. Her life’s work, in a sense, has been making the case that those two rooms are the same room.

Ask Budhiraja what two decades in the industry have actually taught her, and she does not reach for the expected answer about strategy or scale. She reaches for empathy. “Over the last two decades, one thing I’ve learnt clearly is that storytelling works best when it connects with real human insights,” she says. “As a woman leader, I believe empathy naturally becomes a stronger part of the process. It helps you listen more carefully to people, experiences, and emotions behind a story.” This, she argues, is not a personality trait dressed up as a professional skill. It is a craft advantage, one that shapes how you enter a story, what you choose to stay with, and how you decide what a brand should and should not say.

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That perspective, she says, is what allows a narrative to feel both authentic and commercially purposeful at once. “When storytelling balances both human insight and brand intent, that’s when it truly resonates.” The balance sounds elegant in theory. Getting there, as anyone who has ever tried to align a marketing department with a documentary filmmaker will know, is rather less tidy in practice. But Budhiraja makes it sound like something you can actually plan for, which is perhaps the most useful thing about the way she thinks.

She sees this same quality reflected in how women leaders more broadly approach the documentary space. There is, she observes, a natural inclination among them to look beyond the surface of a story and into its emotional and social architecture. “This lens helps brands tell stories that are not only strategically relevant but also authentic and impactful,” she explains. “When purpose-led storytelling is rooted in real experiences and voices, the narrative aligns more organically with a brand’s larger values and purpose.” It is not that men cannot do this, she is too careful a thinker to make that argument. It is that women in leadership have often had more practice doing it, and that the results tend to show.

The story of how branded content got to where it is today is one Budhiraja has watched from the inside, and in some stretches helped to write. The early days of the format were campaign-driven and product-led. Films for brands like Unilever and PepsiCo were, by her own account, “creatively exciting” but built around a marketing message and measured in short cycles. The audience, in that model, was a target. The story was a vehicle. The logo was the destination.

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That model has not aged well. “Audiences are far more aware and selective about what they watch,” Budhiraja says plainly. “They engage with content that feels meaningful rather than promotional.” The shift is not simply aesthetic. It reflects a deeper change in the relationship between audiences and the media they consume, one accelerated by streaming, by social platforms, and by a general collapse of patience for anything that feels like it is wasting your time. Brands that have not adapted to this are finding out the hard way that money spent on content people skip is not really money spent at all.

What has replaced the old model, at least in the work Edstead does, is something considerably more ambitious. “Research-led, purpose-driven documentaries and series allow brands to participate in larger conversations and tell stories that feel authentic, relevant, and culturally grounded,” Budhiraja explains. The word ‘participate’ is doing a lot of work in that sentence. Not dominate. Not sponsor. Participate. It implies a certain humility about where the brand sits in the story, and a willingness to let the story be bigger than the brand. That is, it turns out, exactly the point.

“It’s less about advertising and more about creating stories people genuinely want to engage with.”

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At Edstead, the philosophy takes shape as a very specific way of working. Partnerships are built not around visibility or reach, but around shared purpose, and the process begins not with a client brief but with culture itself. “The process begins with identifying stories that already exist within culture and society, and then collaborating with brands whose values naturally align with those narratives,” Budhiraja explains. The idea is that a brand should never feel grafted onto a story. It should feel like it was always part of the landscape the story is set in.

Long-form storytelling is central to this. A documentary or a branded series gives a brand the room to breathe inside a narrative, to become part of it rather than an interruption of it. “We rely heavily on research and long-form storytelling formats, which allow brands to integrate into the narrative more organically rather than feeling like an add-on,” she says. “When a partnership is genuinely aligned with the story, it creates a far deeper connection with audiences while delivering meaningful value for the brand.”

Edstead’s role in all of this, as Budhiraja frames it, is that of a bridge. On one side sits brand intent, which arrives with commercial objectives, a communications strategy, and a board that wants to see results. On the other sits authentic storytelling, which arrives with a subject, a point of view, and an audience that can smell inauthenticity from the other side of a streaming platform. Bringing those two sides together without either losing its integrity is the studio’s founding proposition. “In many ways, our role is to bridge that gap between brand intent and authentic storytelling, ensuring that the narrative remains culturally relevant and impactful,” she says.

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Making meaningful content is, of course, only half the challenge. The other half is making sure it actually reaches people. Edstead approaches this by designing content to travel from the outset, building stories that can move across platforms and formats and find different kinds of audiences along the way. “The idea is to create stories that are culturally relevant and emotionally engaging, so audiences feel invested in them,” Budhiraja says. “When a story connects on that level, it naturally sparks conversation.” That conversation is ultimately what converts emotional engagement into brand value. It cannot be bought. It can only be earned by getting the story right in the first place.

On the question of what authentic narrative does for a brand, Budhiraja is at her most direct, and her answer cuts through a good deal of industry noise in a single breath. Years of watching what sticks and what does not have given her a clear view on the matter, and it has very little to do with production values or the size of the media buy behind a campaign. “I can tell you with certainty that the content that stayed with people was never about the biggest budget or the most perfect execution. It was about truth,” she says. “When a brand has the courage to step back and let an authentic story lead, audiences feel it immediately. That shift from watching to feeling is what no media plan can engineer. It has to be earned. And in my experience, the only way to earn it is to be real.”

“That shift from watching to feeling is what no media plan can engineer. It has to be earned.”

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Looking ahead, Budhiraja sees the trajectory of branded storytelling continuing to move away from the world of campaigns and into the world of culture. The most impactful branded content, she argues, is already indistinguishable from meaningful storytelling, and the gap between the two will only narrow further. “Branded storytelling today is moving beyond campaigns and entering the realm of culture,” she says. “The most impactful branded content doesn’t feel like marketing at all, it feels like meaningful storytelling.”

The implication for marketers is significant. The skills that built careers in traditional advertising are not the same skills that will build the next generation of brand stories. Budhiraja is direct about this shift. “Going forward, marketers will need to think more like creators and storytellers rather than traditional advertisers,” she says. “Purpose-led narratives, creative collaborations, and platform-native content will shape the future, especially as audiences expect more personalised and culturally relevant stories.” The industry, she suggests, is not quite there yet. But it is moving, and the direction is clear.

Budhiraja’s own journey through this industry has not been without friction. Across media networks, agencies, and now a purpose-first studio, she has encountered the quiet, persistent scepticism that can follow women into leadership roles, moments where being a woman meant being questioned more than the work warranted. She does not dramatise this, but she does not skip past it either. “There have definitely been moments where you feel questioned more because you are a woman,” she says. “Those experiences are not uncommon in leadership roles across industries.”

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Her response has been consistent, and it is, characteristically, a storyteller’s response. Do not get louder. Get better. Let the work make the argument you cannot make in a meeting room. “Over time, I realised that the strongest response is not louder words but stronger work,” she says. “When a story connects and creates impact, it speaks for itself. My approach has always been simple: let the storytelling and your work do the talking.” It is advice she has lived by long enough that it no longer sounds like advice. It sounds like fact.

For the next generation of women trying to build careers at the intersection of creativity, strategy, and business growth in purpose-driven media, Budhiraja has a lot to say, and none of it is soft. She is not interested in offering comfort. She is interested in offering clarity. “Experiment relentlessly, and never let anyone, including yourself, put a ceiling on what you can do,” she begins. “Ask questions, and make sure they’re the right ones. Say yes to learning, say yes to adapting, and always learn beyond the boundaries of your current role, because the moment you stop, you limit yourself.”

The women who thrive at this intersection, she believes, are the ones who understand all three disciplines deeply and are not afraid to move fluidly between them. Specialism has its place, but it is versatility paired with conviction that builds careers with staying power. “The women who thrive at the intersection of creativity, strategy, and partnerships are the ones who understand all three deeply and aren’t afraid to move between them,” she says. Then she adds what is, perhaps, the most personal piece of counsel she offers: “And above everything: trust your instincts, hold your opinions, and own your perspective.”

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It sounds simple. It is not. But then, most of the truest things about storytelling are like that. They look obvious from the outside and turn out, on closer inspection, to be the product of a great deal of practice, patience, and a willingness to keep asking whether the story you are telling is the one that actually needs to be told. Budhiraja has been asking that question for over two decades. The industry, catching up slowly but surely, is beginning to understand why it matters.

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