eNews
66pc Indians polled access pirated content, consumer education vital: Irdeto
MUMBAI: A new online consumer survey from Irdeto, the world leader in digital platform security, found that 71% of Indian consumers polled are aware that producing or sharing pirated video content is illegal, and 64% know that streaming or downloading pirated content is illegal. Despite this high level of awareness, 66% of respondents still choose to watch pirated content. However, the survey also found that over half (56%) of Indian consumers who watch pirated content could be convinced to pirate less, or even stop watching, when told that piracy could hinder studio investment and cause a drop in the quality of content. The online research was conducted in partnership with YouGov and polled over 500 Indian adults aged 18+.
The research found that one in three consumers (30%) who watch pirated content in India are most interested in watching movies that are currently being shown in the cinema, followed by TV series (23%), and live sports (13%) and Blu-ray edition of movies (13%). Interestingly, only 6% of consumers who watch pirated content are interested in viewing digital service movies or TV programmes from content providers like Netflix, Hulu, etc. This reflects the state of video consumption in India, which is still rooted in a preference for local content but increasingly demonstrating an appetite for Hollywood content and more regional films.
“India’s OTT market holds huge potential for operators and content providers, especially with the rise of 129 million urban mass consumers who will drive India’s consumer story. Demand for content on any device will only grow – but so will piracy if it is not adequately addressed,” said Irdeto country manager – India Sanjiv Kainth. “Piracy not only damages revenue streams, but also deters content creators from investing in new content. It impacts the creative process and could provide consumers with less choice. It is important that consumers are aware of the long term impact of this behavior, and that content providers have a 360-degree approach to security and anti-piracy that can prevent pirates from stealing additional market share.”
In regard to the most popular devices used to consume pirated video content, Irdeto’s survey found that 48% of Indian consumers who watch pirate content use their laptops and computers most to watch this content while 25% use their smartphones. Streaming sites and devices were among the least popular channels to watch pirated content, standing at 1% each, while smart TVs, Google Chromecast and Android set-top boxes are used by a mere 3-4% of consumers, among those who watch pirated content.
“Pirate businesses will continue to capitalize on increased demand for content, but innovative operators are making headway in the fight against piracy,” said Irdeto vice president of services Rory O’Connor. “Consumer education, a compelling legal video service and a robust security and anti-piracy program are the best ways to mitigate online and streaming piracy. A comprehensive anti-piracy strategy that includes watermarking, detection and enforcement can prevent pirates from stealing market share.”
Methodology
The research was commissioned by Irdeto and conducted online from January 11, 2017 – January 18, 2017 by YouGov. Total sample size was 502 Indian adults (aged 18+). The figures have been weighted and are representative of the urban population of adults in India (aged 18+).
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
