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Carat slashes forecast for US ad spend growth in 2005
MUMBAI: With rising oil prices, the dollar downslide and the US current account deficit being potential causes for concern in 2005, media buyer Carat, a unit of UK-based Aegis has sliced its 2005 global advertising spend forecast.
The growth predictions cited for 2005 by Carat has dipped from 4.8 per cent in September to 4.5 per cent in 2005 and the global ad spending to increase by 4.9 percent, compared with the five per cent increase its forecast stated in September.
The agency has said that despite the fact that the world was experiencing a significant recovery in advertising spending and a continued belief of advertising budgets being on the rise in the US, this action was necessary. This move has simply reiterated the concern marketing executives bear today with the recent economic health of the US.
UK FORECASTS REVISED UPWARDS
Interestingly, Carat cut its US ad spends forecast to 4.5 from 4.8 per cent although it has increased UK’s projected growth to 4.6 per cent from 4.3 per cent due to increased British marketing budgets.
According to agency reports, UK marketing budgets have been revised in the third quarter for the fourth consecutive quarter and this has led Aegis to forecast growth of 6.4 per cent in 2004, compared with previous expectations of 4.6 per cent.
The US advertising sector space although has witnessed the economic scenario heading towards the slowing of growth and fewer job gains. Also, US corporate profits have seen a slight slump in the third quarter which has led to the decline in consumer confidence in the last quarter of 2004.
Another factor in consideration are quadrennial events like the Olympics and the US elections which surged spending by about 6 per cent. 2005 is expected to record a drop in spends across most markets.
ZenithOptimedia and Universal McCann as recently as last month have on the other hand raised their figures of ad spends forecasts this year.
2004 saw Carat in Europe exceed the expected growth levels from 4.4 per cent to 4.8 per cent. It put growth in the UK at 6.4 per cent, up from 4.6 per cent.
Carat has although maintained its 2005 forecast for Europe at 4.4 per cent. But raised its forecasts for Spain from 4.2 per cent to 4.5 per cent and for France from 1.9 per cent to 2.2 per cent.
Coming to the Asia-Pacific region, advertising spends here are expected to grow by 5.8 per cent compared with 6.2 per cent in 2004. Another pint in note being that advertisers are beginning to respond to the fragmentation of television audiences by allocating more funds to the Internet and in non-traditional media.
Carat forecast Internet advertising spend to go up by 20 per cent in 2005 which currently stands at three per cent. The outdoor market was another area pointed out by the agency that would be a strong medium in the years to come which will then evolve to the growth of in-store digital delivery.
MAM
Talking heads: TV9’s chief takes the host’s chair with style — but could do with a laugh
Barun Das has swapped the boardroom for the studio and is pulling off a polished interview show — mostly
MUMBAI: There is something quietly audacious about a media chief who decides that running a television empire is not quite enough and plants himself in front of the camera for a good chinwag with the great and the good. Barun Das, chief executive of TV9 Network, has done precisely that, and for the most part, he carries it off with considerable aplomb.
Duologue with Barun Das, now in its fourth season on JioHotstar, is exactly what it says on the tin: two people, two chairs, no frills. In the earlier seasons, Das has sat across from a rather stellar roster, Sri Sri Ravi Shankar, Aparna Sen, Viswanathan Anand, Kiran Rao, among many other renowned names. And in the fourth instalment he has had guests of the likes of Aamir Khan, Sourav Ganguly, Bianca Balti (Italian super model and cancer survivor), Lothar Matthäus (German football World Cup-winning captain). Throughout, he has coaxed from them nuggets that their publicists would probably rather keep under wraps. Cricket, relationships, spirituality, acting, health, behind-the-scenes machinations that plague politics, intellect, nepotism, nothing is entirely off the table.
Das’s greatest asset is his manner. Unhurried, well-dressed and disarmingly calm, he has the rare gift of making his guests feel so thoroughly at ease that they occasionally forget they are being filmed for television. The questions arrive softly, like a spinner tossing up a googly rather than a fast bowler hurling bouncers, and more often than not, they draw out a telling answer. He has no cue cards or teleprompter to help him along, which is probably a rarity for a host. Some credit must go to the research team operating quietly in the wings, who evidently do their homework so that Das does not have to fumble for his.
Where Duologue stumbles, however, is in its almost determined refusal to lighten up. Each 45-minute episode carries the solemn weight of a budget speech. A dash of wit, a moment of mischief, the odd belly laugh, none of it makes an appearance. Serious conversation has its place, but even the most earnest of interviewers, think David Frost at his best, knew when to let the air out of the room.
Das has built something worth watching. He simply needs to remind himself, and his guests, that a smile never hurt anyone.
Rating: 4.25 out of 5.
Available on JioHotstar.
