MAM
JWT India announces leadership changes
MUMBAI: After an excellent show at Cannes Lion this year, JWT has announced leadership changes across the agency’s key offices in Mumbai, Bengaluru and Sri Lanka.
JWT south head Rajesh Gangwani has been appointed as JWT Mumbai senior VP and managing partner effective immediately.
JWT group companies Colombo president Himanshu Saxena will succeed Gangwani as JWT south senior VP and managing partner.
Joy Chauhan will be taking over from Saxena as JWT group of companies Colombo president.
Announcing their appointment, JWT south Asia CEO Colvyn Harris said, “Rajesh and Himanshu are both dynamic leaders with strong connections to the markets, the consumers and the clients. By leveraging their strengths and strategic insights, JWT is uniquely positioned to maximise growth in these critical markets.”
“Having successfully established brands like Pepsi foods, Nestle and more recently Airtel, Joy’s move to Sri Lanka will help develop his career further. He has managed large teams and big brands and that experience will hold him good stead. JWT Colombo is one of the most admired agencies in Sri Lanka and that will continue under Joy’s leadership,” he added.
It’s a homecoming for Gangwani, who joined JWT Mumbai as a management trainee in 1991 and worked on Hindustan Unilever, and other Mumbai clients. He was later transferred to Bengaluru in2002 and has been leading the office since January 2008 and later as head of south, since 2011.
JWT India NCD Tista Sen will be Gangwani’s creative partner and together they complete the leadership team at JWT Mumbai.
“I look forward to my second innings in Mumbai and to the opportunity of leading our flagship office. Having been part of some amazing journeys on brands like Nike, Levi’s, Madura, Lifestyle and others, it’s going to be exciting times ahead. Mumbai has a great portfolio of brands, a fabulous client mix and a fantastic talent pool,” said Gangwani.
With 22 years of experience in advertising, branding, consumer research and sales, Saxena comes in with diverse experience of leading brands, offices and cross functional teams. As head of the JWT Group in Sri Lanka, Saxena was overseeing JWT and the recently set up Contract advertising.
“In our 150th year JWT India has reached great heights of achievement. It is both an honour as well as a huge responsibility to lead a region as dynamic as JWT south. I look forward to carrying on the good work and pushing the bar higher. Leading JWT Sri Lanka was truly an enriching experience and I am glad to move on to the next professional assignment after three years in Colombo,” said Saxena.
JWT India NCD Senthil Kumar will continue to lead JWT south and Kolkata as Saxena’s creative partner.
“It is an immensely exciting opportunity for me to be a part of a great legacy like JWT Sri Lanka. To be a part of a growing market like Sri Lanka, is the high that I really wanted at this point in my career. Armed with the rich experience of some of the best national and international brands like, Pepsi foods, Nestle, Hero and Airtel, I feel my learning will help me grow the brands and businesses at JWT Sri Lanka. JWT will continue to shine,” says Chauhan on his move to Sri Lanka.
MAM
Paramount set to acquire Warner Bros. Discovery in $81 billion deal
Shareholders back merger, combined entity could reshape streaming and studios.
MUMBAI: Lights, camera… consolidation, Hollywood’s latest blockbuster might be happening off-screen. Shareholders of Warner Bros. Discovery have voted in favour of selling the company to Paramount in a deal valued at $81 billion rising to nearly $111 billion including debt setting the stage for one of the biggest shake-ups in modern media. The proposed merger, still subject to regulatory approvals, would bring together a vast portfolio spanning HBO Max, CNN, and franchises such as Harry Potter under the same umbrella as Paramount’s own heavyweights, including Top Gun and CBS.
At the heart of the deal is streaming scale. Executives have indicated plans to combine HBO Max and Paramount+ into a single platform, potentially creating a stronger challenger to giants like Netflix and Amazon’s Prime Video. Current market data suggests HBO Max holds around 12 per cent of US on-demand subscriptions, compared to Paramount+’s 3 per cent, together still trailing Netflix’s 19 per cent and Disney’s combined 27 per cent via Disney+ and Hulu.
Paramount CEO David Ellison has signalled that while platforms may merge, HBO’s creative identity will remain intact, stating the brand should “stay HBO” even within a broader ecosystem.
Beyond streaming, the deal would redraw the map for film production. Combining two of Hollywood’s oldest studios Paramount Pictures and Warner Bros., the new entity aims to scale output to over 30 films annually, while maintaining a 45-day theatrical window. Warner Bros. currently commands around 21 per cent of the US box office, compared to Paramount’s 6 per cent, underscoring the strategic weight of the acquisition.
But scale comes with scrutiny. Critics warn that fewer players could mean reduced consumer choice, rising subscription costs, and potential job cuts as the combined company looks to streamline overlapping operations while managing billions in debt.
The news business, too, faces a reset. CNN would join forces at least structurally with Paramount-owned CBS, raising questions about editorial independence and positioning. The merger has already drawn political attention in the United States, particularly given perceived ties between the Ellison family and Donald Trump, though the company maintains that newsroom autonomy will be preserved.
If approved, the deal would mark another milestone in Hollywood’s consolidation wave shrinking the industry’s traditional “big six” studios to a “big four”, with Paramount joining Disney, Universal, and Sony at the top table.
In an industry built on storytelling, this merger may well become its most consequential plot twist yet.
