MAM
Eventually, IPL 2020 scored big with advertisers, sponsors
NEW DELHI: When IPL 2020 began in September, there was a lot of speculation in the industry about its capability to churn out the spectacular revenues like every year. The sponsorship rates had gone down by as much as 25 per cent, and it was highly uncertain that the advertisers, who were still reeling from the financial disaster that Covid-2019 turned out to be, would be willing to spend the big bucks on advertising. However, broadcast partner Star was pretty positive that it would manage to surpass its previous year’s revenue records and clock sales of more than Rs 2000-crore that it managed to churn in 2019. And as it panned out, it was not just Mumbai Indians captain Rohit Sharma who held the trophy aloft after an easy win against the Delhi Capitals in the finals last evening, but the broadcaster also had some big wins in its kitty.
The Media Ant Co-founder Samir Chaudhary stated that IPL 2020 turned out to be a big property for the broadcaster with viewership numbers attaining new highs in IPL 2020. His expectation is that Star will pocket higher revenues than in the previous season.
Havas Media Group India national head – buying R. Venkatasubramanian agreed, estimating the jump to be around 10-12 per cent (TV + digital) over last year.
“They sold most of the inventory well before the start of the tournament. As per my knowledge, they must have sold only three to five per cent inventory during the tournament and the sticker prices were 10-15 per cent more than what was offered initially,” pointed out Venkatasubramanian.
The initial rates ranged between 10 and 15 lakhs per 10 second, as Indiantelevision.com had reported earlier. There were five co-presenting sponsors for Dream11 IPL 2020 on Star Sports – Dream 11, Phone Pe, Amazon, Vodafone Idea and Byju’s; 13 associate sponsors: Mondelez, ITC Foods, Polycab, Diageo, P&G, Coca-cola, Hero, KP Group, Facebook, Daily Hunt, Samsung, Cred and AMFI. Beyond the live game – Byju’s was the sponsor for the pre-and-post-game live show – Byju’s Cricket Live.
The categories of advertisers included BFSI, edtech, online gaming, online shopping, home décor, mobile handsets, consumer durables, FMCG, auto, apparel amongst others. Internet and digital-based business like fantasy sports, edtech, e-commerce, and online gaming, also got good traction.
As confirmed by a Star Sports spokesperson, IPL 2020 had 18 sponsors and a total of 110 advertisers on board, which is the highest number of partners and advertisers in the history of the IPL, since it began in 2008. Most of the inventory was sold in advance.
IPL 2020 performed exceptionally well in terms of viewership as well. As per BARC data, for television, IPL 2020 has seen an increased engagement and affinity, reflected through the higher number of games watched. IPL 2019 had 326 billion minutes consumption. That mark had been surpassed in this year’s IPL when just 50 out of the 60 games had been played.
Additionally, the season recorded the most games watched by an average viewer for any 60-game IPL season and the highest engagement for any IPL ever on the back of regionalisation with Hindi and southern language feeds (Telugu, Tamil and Kannada).
“The viewership has increased 18-19 per cent compared to last year (till the sixth week of the tournament) and mostly IPL 2020 will finish with 15-18 per cent higher viewership compared to IPL 2019,” Venkatasubramanian highlighted.
That will be more power to the game of cricket. And the love that its fans give it.
MAM
India’s experience economy grows as live events market hits Rs 17,000 crore
EY-Parthenon and BookMyShow report finds 78 per cent Indians prefer experiences over products
MUMBAI: India’s live entertainment scene is no longer just about music, comedy or festivals. It is increasingly becoming a powerful stage for brands seeking deeper connections with consumers.
A new report titled Beyond Attention, Into Immersion by EY-Parthenon and BookMyShow suggests that India’s experience economy is entering a strong growth phase, driven by consumers who are choosing memorable moments over material purchases.
According to the study, the country’s live events ecosystem, which includes concerts, comedy tours, festivals and immersive exhibitions, is estimated to reach around Rs 17,000 crore in 2025. The growth reflects a broader cultural shift in how Indians spend their time and money.
The report finds that 78 per cent of Indian consumers now prefer spending on experiences rather than physical products. From attending concerts and festivals to participating in interactive brand installations, audiences are increasingly seeking engagement, community and shareable moments.
This change in consumer behaviour is particularly evident among younger audiences who want to participate rather than simply watch. Instead of passively consuming entertainment, many now look for experiences that allow them to interact, express themselves and connect with like minded communities.
For marketers, this shift has turned experiential marketing into a strategic priority rather than a promotional add on. Brands are moving away from interruption driven advertising and towards immersive formats that allow consumers to discover, test and emotionally connect with products.
The report suggests that experiential marketing now plays a role across the entire consumer journey. It can spark brand discovery, strengthen storytelling, encourage product trials and ultimately influence purchase decisions and loyalty.
The impact is already visible. Post event surveys conducted among 7,450 attendees at major events including Lollapalooza India and concerts by Ed Sheeran and Guns N’ Roses highlight the effectiveness of these experiences.
Around 59 per cent of attendees recalled brands they interacted with during the events, while 55 per cent said those interactions increased their likelihood of purchasing from the brand. A further 63 per cent reported that brand activations actually enhanced their event experience rather than distracting from it. Nearly 29 per cent also said the interaction improved their perception of the brand.
Brands are also changing the way they approach events. Instead of simply putting logos on stages or banners, companies are building experiences into the fabric of the event itself.
Financial services brands, for example, are offering early ticket access, exclusive lounges and curated event experiences for cardholders. Fashion and beauty companies are using festivals to showcase products through pop ups, interactive installations and social media friendly spaces that encourage visitors to share their experiences online.
The scope of experiential marketing now stretches far beyond live entertainment. Retailers are designing experiential stores where customers can explore products in lifelike environments. Entertainment platforms are extending popular intellectual properties into immersive exhibitions and fan events. Technology is also playing a growing role through augmented reality and virtual try on tools that blend digital discovery with physical interaction.
Cultural festivals remain one of the most powerful platforms for such engagement in India. Celebrations such as Navratri and Holi bring together large communities, emotional participation and heightened consumer spending. For brands, these moments offer an opportunity to become part of the celebration rather than simply advertise around it.
Despite the momentum, the report notes that some companies still hesitate to adopt experiential marketing at scale. Budget constraints, limited expertise and uncertainty around measuring return on investment remain common concerns.
However, the growing body of data around consumer engagement and brand impact is gradually addressing these challenges. More marketers are expected to allocate a larger share of their budgets to experiential formats over the coming years.
Taken together, the findings point to a clear trend. As consumers seek meaning, memories and moments worth sharing, live experiences are emerging as one of the most powerful ways for brands to stay relevant in a crowded media landscape.
