iWorld
Google and Facebook will be the top two ad publishers in 2014: eMarketer study
MUMBAI: A recent study conducted by eMarketer has revealed that the mobile ad spending in US is expected to near $9.6 billion in 2013 and account for a whopping 22.5 per cent of all digital ad investments.
The report also highlights that both Facebook and Google are major drivers and recipients of this growing market, domestically and internationally.
“The rapid growth of mobile ad revenues at Facebook has helped make the social network the second-largest digital ad seller in the US, behind only Google. This year, Facebook will take in 7.4 per cent of net US digital ad dollars, or $3.17 billion, while Google will account for nearly four in 10, or $17.00 billion,” reveals the eMarketer study.
eMarketer had previously forecast that Facebook would remain slightly behind Yahoo! this year. “But the strength of Facebook’s mobile business has pushed the social network past Yahoo!, whose share is now expected to decline to 5.8 per cent in 2013, from 6.8 per cent last year,” says eMarketer in its report.
The study reveals that even on a worldwide basis, Google and Facebook will be the top two ad publishers, with 31.91 per cent and 5.64 per cent of the market this year, respectively.
eMarketer has also found that both Google and Facebook have grabbed the greatest shares of net US mobile ad revenues, with Facebook jumping from 9 per cent to 16 per cent between 2012 and 2013.
“Globally, Google dominates the mobile ad landscape, with a 48.76 per cent market share,” eMarketer estimates. “Facebook has seen its share of global mobile revenues explode this past year, growing from 5.34 per cent in 2012 to 16.91 per cent in 2013.”
iWorld
Tips Music CEO Hari Nair to step down
Girish Taurani and Sushant Dalmia to jointly steer the company as the hunt for a new chief begins
MUMBAI: A leadership shuffle is under way at Tips Music. Hari Nair, the company’s chief executive, will step down on April 30 as the music label begins the search for a successor.
The company said Girish Taurani, executive director, and Sushant Dalmia, chief financial officer, will jointly oversee operations during the transition while the board identifies a permanent replacement.
Nair joined Tips Music in 2023 and set about reshaping the veteran music label into a more digital, data-led enterprise. During his tenure, the company secured licensing and partnership deals with global platforms including Sony Music Publishing and TikTok, while renewing agreements with Warner Music Group.
Drawing on earlier experience in technology and entertainment, including a stint at ByteDance, Nair pushed the organisation towards a performance-driven culture. He built a brand partnerships division and introduced proprietary software systems aimed at strengthening digital distribution and data capabilities.
Kumar Taurani, chairman and managing director, credited Nair with embedding a data-led culture within the company and driving revenue growth in line with shareholder commitments.
In his resignation note, Nair said that after helping transition the label into a modern, digitally focused and process-driven organisation, the time had come to pursue his next leadership challenge.
The leadership change comes as the broader Tips Films group shows signs of financial stabilisation. In the third quarter of FY26 the company reported a net loss of Rs 2.86 crore, narrowing sharply from Rs 14.2 crore in the previous quarter. For the nine months ended December, losses stood at Rs 12.37 crore.
Yet revenue told a more volatile story. Income from operations slid to Rs 4 crore in Q3 FY26 from Rs 56 crore in the preceding quarter, taking total operating income to Rs 4.56 crore.
For a company built on a catalogue of more than 34,000 tracks and decades of Bollywood hits, the next chief will inherit both a digital engine and a volatile music market. The playlist may be familiar, but the next act at Tips Music is only just beginning.
