Friday, 20 July 2012

The Fascinating World of Marketing: THE OLD FOX WITH ITS NEW TRICKS

The Fascinating World of Marketing: THE OLD FOX WITH ITS NEW TRICKS:



Big budgets demand careful scrutiny of changing profile of consumer, and then devise and execute a marketing strategy accordingly. Since July 1, 2012 Channel [V] is no longer a music channel, even if earlier it was airing about three hours of Bollywood music. Why this about-turn? Well, India is the world’s second fastest growing mobile market. Indians aged 15-24 spend an average of 13.6 hours on the net, a lot of that on music videos. Digital music in fact grew by 24% in 2011 while physical form fell by 19%. Hence the channel wants to reposition itself as a youth general entertainment channel. Even MTV is concentrating on building original programing in the form of MTV Coke Studio, MTV Roadies, etc. to engage the viewers. As a matter of fact a youth channel can remain relevant only if it is present across all platforms that youth engage with
 

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