‘Film industry rakes in Rs 606 cr in marketing’
   Date :29-May-2019

Business Bureau:
WITH a slew of launches in 2018, the film industry raked in Rs 606 crore in marketing, with television and digital together chipping in about 75 per cent of the total, says a report. According to GroupM’s ESP Properties Showbiz report, the total number of movies released nationwide jumped 14 per cent from 951 in 2017 to 1,087 in 2018, resulting in growth in film marketing.
Television marketing was substantial contributor with 47 per cent at Rs 285 crore while digital contribution was 28 per cent at Rs 170 crore. Regional cinemas contributed by releasing 823 films in 2018, 13 per cent more from the 731 releases in 2017, it noted. Vinit Karnik, Business Head, ESP Properties, noted that ‘Cricket’ as an advertising genre seemed to have attracted English films far better than Hindi counterpart as English films invested 11 per cent of its marketing spend on the sport as compared to 3 per cent by Hindi films.
The report noted that the estimated media spend by OTT platforms like Amazon Prime Video, Netflix, Hotstar, Zee5, Sony LIV, Voot, Eros Now and ALTBalaji grew at an astronomical 207 per cent from 2017 to 2018. “With their spends growing by twice, thrice, even ten times that of the previous year's, OTT giants are gearing up faster than the cinematic world can fathom,” it said. FMCG sector was the highest contributor of brand associations and top spender for celebrity endorsements in 2018.