1 / 2

Star's Rs 2-bn ad revenue target to take a hit over Virat Kohli's absence

Read more about Star's Rs 2-bn ad revenue target to take a hit over Virat Kohli's absence on Business Standard. Asia Cup is being held in the United Arab Emirates this year, since India and Pakistan have severed bilateral cricketing ties

Yamikasawant
Download Presentation

Star's Rs 2-bn ad revenue target to take a hit over Virat Kohli's absence

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Star's Rs 2-bn ad revenue target to take a hit over Virat Kohli's absence Asia Cup is being held in the United Arab Emirates this year, since India and Pakistan have severed bilateral cricketing ties The absence of Indian cricket team captain Virat Kohli is expected to put a dent in broadcaster Star India’s advertisement revenue projections from the ongoing Asia Cup 2018. Media buyers in the know say that while it is difficult to put a number on how much the impact on the ad sales tally could be, it is quite possible the broadcaster will not be able to make its Rs 2-billion target. The broadcaster holds the television (TV) and digital media rights to the tournament and was targeting a total of Rs 2.5 billion in ad sales revenues — Rs 2 billion from TV and Rs 500 million from digital ad sales. It had sold 60-70 per cent of its total advertising inventory before the start of the tournament, amounting to around Rs 1.2 billion in ad revenues. The broadcaster was hoping to cash in on the higher spot (last-minute buys) rates to complete its target of Rs 2 billion in TV ad sales.

  2. However, with Kohli missing in action, the spot rates for the remaining 40 per cent inventory will be affected. “There is evidence that when Kohli comes to bat, viewership moves up and when he gets out, it comes down. The fence sitters may have one more reason to stay out because of the news,” says Vineet Sodhani, chief executive officer, Spatial Access, a media audit agency. He explains that while people will still watch the matches in the tournament, especially the India matches, the incremental reach that Kohli brings when he is on the field, will not be achieved. This may give the fence sitters reason to not pay big bucks for the remaining inventory. Existing advertisers however, have no option but to go ahead with their investment, so no advertiser is pulling out of the tournament as such. ALSO READ: As Comcast, Disney face possible Fox bidding war, spotlight on Star India Sponsors on the Asia Cup include Hero, Byju’s, Google, Britannia, Gra-Do, Droom, Coca- Cola, USL, Domino’s, Unimoni, GSK, Dell, Eureka Forbes, MP Birla, UltraTech, Apollo Tyres, Vini Cosmetics, Parle Agro, and Nerolac. Star India was hoping to make up to Rs 600,000 per 10-second ad spot during the series and anywhere between Rs 1 million and Rs 1.3 million for the India-Pakistan tie. However, this will need to be revised, and it is more likely to make Rs 400,000 to Rs 450,000 per 10 seconds on an average for the tournament, while the India-Pakistan tie would fetch them Rs 800,000 to Rs 900,000 for 10 seconds. “India is yet to play a single match in the series and its first match is against Hong Kong.

More Related