MAM
Social networks stepping up efforts to get TV ad budgets
NEW DELHI: Facebook and Twitter are stepping up their efforts to increase their share of the global TV ad budget as technical developments begin to enable advertisers to target people who use digital devices while watching television.
A report in The Financial Times quoted by CASBAA says the two social network giants have been rolling out a number of initiatives over the summer in a bid to earn more from global TV ad spend, which is expected to be worth $205 billion this year.
Facebook has launched a campaign, dubbed Reach for the Beach, to highlight the fact that holiday makers take their mobile phones with them while leaving their TVs at home.
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Recent research from eMarketer has shown that the amount of time people in the United States spend consuming digital media will overtake the hours they spend watching TV for the first time this year.
Facebook vice president of global marketing solutions Carolyn Everson said that today mobile has overtaken TV to become “the primary screen”, although she didn‘t expect TV and Facebook to be locked in rivalry. “I think we‘re at a stage where the conversation is really TV plus Facebook,” she said.
The company has commissioned a study from Nielsen, the market research firm, which found that more people aged 18 to 24 used Facebook than any of the four major US TV networks between 8pm to 11pm during weekdays.
It is currently developing 15-second video ads that can replay TV ads on Facebook and plans to launch the initiative in October. It is also working on the means by which ads on Facebook could be linked to a TV show in real time.
Twitter, meanwhile, has formed partnerships with media companies to monitor what people tweet while watching TV and it expects to use the information to help target ads on Twitter.
Twitter chief revenue officer Adam Bain said, “We often have thought about Twitter plus TV, but we are now thinking about Twitter Times TV.”
However, advertisers are weighing up the pros and cons of linking in their offerings to the social networks.
Razorfish senior vice president Joe Mele has cautioned whether consumers would want to receive ads while tweeting, for example, about the presidential debates or the Super Bowl.
He said, “There is a question about whether or not just because you are watching something on TV means you want that same experience on a different device.”
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
