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Indian gaming sector to grow to $1.1 bn by 2021: Report

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The Indian gaming market, estimated at USD 338.4 million in revenue in 2017, is expected to grow threefold in four years, according to a Frost & Sullivan report.

The increase would be supported by internet diffusion, sustained local development, improved digital payment infrastructure and preference towards subscription model.

According to the report, the Indian gaming market is al set to increase to USD 1.1 billion in 2021, almost entirely driven by increase in mobile gaming revenue.

The global games market generated revenue of USD 104.8 billion in 2016, an increase of 12.6% from 2015.

The report forecasts the global revenue is likely to increase to USD 151.7 billion in 2021. The growth is expected to be driven from South-East Asia, Middle East and India.

“These regions have an advantage of optimistic economic outlook, favorable demographics and rising growth in smartphone penetration and internet,” the report said.

Experts believed that male audience via cricket mobile games will drive this growth. According to Manish Agarwal, CEO, Nazara Technologies, believes that as people become more comfortable in mobile internet, gaming will become the entertainment destination.

As per the Frost & Sullivan report, in the long-term there will be growth of freemium models unlike past’s heavy reliance on advertisement-based monetisation.

#LCExcl – Combining Marvel, Acer fan base have proven to be beneficial: Acer India CMO & Consumer Business Head Chandrahas Panigrahi

The much-awaited ‘Avengers: Infinity War’ hit the theatres on April 27. Thanos’ journey to reclaim the Infinity Stones is almost upon the customers and cashing in on the hype are companies releasing exclusive Avengers-themed merchandises.

Ahead of the film’s release, Acer launched special-edition Marvel Avengers-themed notebooks. In an exclusive interview with Licensing Corner, Mr. Chandrahas Panigrahi, CMO & Consumer Business Head, Acer India talks about the recent partnership and future initiatives.

Read the full interview here:

Please tell us about the partnership with Disney Consumer Products and Marvel Studios

On the 30th Anniversary of Pixar, Toy Story special edition of the Acer Aspire V13 was launched in 2017 which proved to be a huge success.

Now, with Avengers Infinity War the most awaited movie from Marvel releasing in India we have again tied up with them to launch three new Marvel Studios’ “Avengers: Infinity War” special edition notebooks including the Aspire 6 – Marvel Studios’ “Avengers: Infinity War” Captain America Edition, Nitro 5 – Marvel Studios’ “Avengers: Infinity War” Thanos Edition, and Swift 3 – Marvel Studios’ “Avengers: Infinity War” Iron Man Edition designed for work, for entertainment, and for exceptional gaming experience.

Marvel and Acer have huge fan following, so combining our fan base has proven to be extremely beneficial for the brand.

Marvel is coming up with yet another anti-hero movie – Venom. Any plans for launching any exclusive merchandises?

There is no such development we can comment on.

Now, talking about sales. Earlier, Acer had launched Pixar 30th Anniversary Toy Story special edition of the Aspire V13. Do you think the latest Marvel themed notebooks will surpass (in terms of sales and revenue) the Toy Story version?

Definitely this new series has generated a lot of buzz amongst our customers and we are witnessing a good traction. However, it is too early to predict in terms of sales and revenues, because it’s only a few days back that the new series has been made available to the audience. So far, the feedback that we have received has been very positive.

These notebooks were up for sale from April 20 onwards (media reports suggest), tell us about the sales till now.

It is too early to report on sales but what we can confirm is that all of our stocks have been picked up by India’s top retailers like Amazon, Croma, Reliance Digital Store etc. so it shows the confidence the retailers have on Acer and the anticipated demand on Marvel Avengers series

This is not the first time, Acer had collaborated with Disney Consumer Products. Please tell us your experiences of working with the bigwig again.

Acer strongly believes that to tie-up with the right brand at the right time adds up to the benefit for both. For us, these synergies are a great way to reach out to a bigger audience. The upcoming Avengers movie, Infinity War, is already a rage amongst the audience and what better time to launch our products. Over a period of time, these partnerships have been proven methods to increase brand loyalty along with entertainment

The ‘Nitro 5’ or the Thanos edition has been kept at the highest price range – Rs 80,999, whereas, the Acer Aspire 6 or the Captain America Edition has been kept at an affordable bracket – Rs 63,999. Any specific reasons for that?

The reason Nitro 5 is priced higher is because it is a gaming laptop which comes with the bells and whistles like a powerful processor, dedicated graphics card, advanced cooling solution etc. The great thing about our Avengers line-up is that we have laptops for work, entertainment and great gaming experience so customers can choose as per their need.

Any plans of launching any Disney Products? Tell us your future initiatives…

We are always open to great associations with brands like Marvel Disney but right now our focus is on Marvel Avengers series.

With all these, the movie seems to be one of the biggest Hollywood releases this summer.

Meet new brand ambassadors of V-Mart – Ayushmann Khurrana and Bhumi Pednekar

The leading pair of ‘Shubh Mangal Saavdhan’ Ayushmann Khurrana and Bhumi Pednekar have been signed in as brand ambassadors by V-Mart Retail Ltd.

The products will include premium party wear, formals attire, pure ethnic, western wear for men, women, and kids.  Ayushmann and Bhumi have a strong connect with the young middle-class families making them perfect fit for the brand.

 “V-Mart Retail Ltd is one of the fastest growing value retailers in India and I am delighted to be associated with them as their brand ambassador. The value-retailer is taking fashion to the hinterland of the country, where the actual India resides and offers the best of styles and trends for all age groups under one roof. I love the menswear collection at V-Mart; it offers a great mix of trends and value-pricing, making it a great destination for affordable fashion shopping” said Ayushmann on the collaboration.

V-Mart offers fashion garments at competitive prices and is the destination for bargain hunters and the fashionable alike.

Commenting on this association Bhumi Pednekar said, “I was astounded to see the vast range offered at V-Mart stores and the sheer reach of the brand in the tier-2 ,3 and 4 towns in India.  It is really exciting to be associated with a brand which is providing latest fashion trends to the young and aspirational middle class residing away from the metros at unbelievable prices.”

 “We are a brand that believes in hard work, understands the requirements and dreams of the country that resides outside the reach of metros. It is these beliefs and values which make both Ayushmann & Bhumi a great fit to represent us as our brand-ambassador. Making their way into the tinsel town through sheer hard work and talent, their stories are what connects and resembles with V-Mart’s DNA and that of the millions enduring through daily struggle and yet daring to dream big,” said Snehal Shah, Sr. V.P- Marketing & Operations, V-Mart Retail.

V-Mart Retail Ltd is one of the fastest growing retail chain store in India, operating in tier II & tier III cities across 14 states via 176 stores offering latest fashion and lifestyle offerings to middle class. V-Mart also operates 37 composite stores which offer FMCG and grocery products along with the fashion offering.

Tata Sky enters into strategic partnership with Netflix

Tata Sky and Netflix have teamed up and entered into a strategic partnership. Through this association in India, subscribers of both Tata Sky and Netflix will have easy access to a world of content through future Tata Sky platforms.

Commenting on the collaboration, Harit Nagpal, MD and CEO, ‎Tata Sky said, “Tata Sky’s partnership with Netflix adds another dimension to providing world-wide quality content On-Demand for our subscribers. Keeping up with our promise of pioneering innovation, we will soon announce the offering that is possible with this partnership. We are glad to include Netflix in our family and look forward to keep offering an extraordinary entertainment experience to all our subscribers.”

As per the agreement, Tata Sky subscribers will be able to browse and access the entire Netflix service, including TV shows, films, documentaries, stand-up comedy and kid’s titles. Netflix’s service includes over a thousand hours of Ultra HD content, complementing Tata Sky’s extensive high-quality programming.

“We are delighted to partner with Tata Sky to bring great content under the same roof. With this new partnership and Netflix’s stellar line up of original content from across the world, Tata Sky’s customers will be able to seamlessly access and enjoy all the best entertainment they love in one place,” Bill Holmes, global head of business development, Netflix said in an official statement

Studio Ghibli theme-park to open in Japan in 2022

Japan’s most beloved animation house Studio Ghibli is finally getting its own theme park in 2020.

The theme-park will bring films like Howl’s Moving Castle, Kiki’s Delivery Service and Princess Mononoke to life.

In addition to the Ghibli-themed rides and play areas, the park will also feature movie theatres, showing Ghibli animations new and old.

Check out some of the concept pictures here:

Located on a 200-hectare plot of land, the park is slated to come on the same area on which the 2005 World’s Fair was held near Nagoya, Japan.

True to the pro-environmental themes of Hayao Miyazaki’s films, the park will give fans the chance to celebrate the films while enjoying nature.

Mattel announces first quarter results, global sales fell 4%

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Mattel announced first-quarter earnings at a loss of 60 cents per share, which is 21 cents wider than the Wall Street consensus estimate of a loss of 39 cents per share.

Sales for the toymaker’s 60-year-old Barbie brand increased by 24% to USD 152.7 million in Q1 2018, despite Mattel’s overall worldwide net sales decreasing by 4% to USD 708.4 million in the period.

The company’s worldwide gross sales declined by 2% to US$800 million. However, excluding the impact of the Toys “R” Us liquidation, Mattel’s adjusted worldwide gross sales increased by 2%.

Global quarterly gross sales for Mattel Power Brands rose by 2% to USD 552.9 million. Hot Wheels saw gross sales of USD 144.9 million, marking an increase of 15% driven primarily by higher sales of die cast, tracks and playsets.

Gross sales for Fisher-Price and Thomas & Friends fell by 8% to USD 187.8 million. The American Girl segment also saw declines (down 21%) for Q1 2018 with gross sales of USD 67.4 million.

Worldwide gross sales of USD 247.2 million were clocked for Mattel Toy Box brands, down 10% compared to 2017. Mattel’s Toy Box brands include owned properties (down 6% to USD 130.7 million due to lower sales for Monster High and MEGA) as well as partner brands (down 14% to USD 116.5 million due to lower sales of vehicles and DC Super Hero Girls).

“Our first quarter results reflect continued progress on executing our transformation plan. We are also tightly managing our working capital, and making disciplined investments in our business,” said Joseph Euteneuer, CFO of Mattel.

Net sales in Mattel’s North America segment decreased by 5% to USD 326.2 million compared to the same period last year. Gross sales in the segment fell by 4% to USD 348.4 million, largely driven by sales. Excluding the USD 27-million gross sales reversal, adjusted Q1 2018 gross sales in North America saw a 4% increase.

Overall gross sales in the company’s International segment increased by 5% (driven primarily by Barbie and Hot Wheels) to USD 384.1 million. Europe saw gains in both net sales (up 4% to USD 136.7 million) and gross sales (up 8% to USD 168.3 million). Latin America, meanwhile, boasted net sales of USD 63.4 million (an increase of 6% compared to Q1 2017) and gross sales of USD 74.5 million (a 7% rise). Global Emerging Markets, however, saw net sales decline by 2% to USD 117.2 million, while gross sales remained relatively stable at USD 141.3 million (an increase of 1%).

The toymaker’s operating loss for the first quarter was USD 276.6 million, compared to USD 125.6 million last year. Adjusted operating loss for Q1 2018 was USD 160.5 million.

“Mattel delivered positive sales growth in the first quarter, excluding the impact of the Toys “R” Us liquidation. And we continue to see strong momentum in our key Power Brands, with Barbie and Hot Wheels each up double-digits.  While Toys “R” Us will present a near term challenge, our transformation plan remains our focus, as we work to deliver improved profitability and return Mattel to its leadership position as a high-performing toy company,” said Ynon Kreiz, incoming CEO of Mattel. ”

Earlier, the Board of Directors had named Ynon Kreiz, a Mattel director since June 2017, as Chief Executive Officer effective from April 26, 2018.  Margo Georgiadis, who became Mattel’s CEO in February 2017, informed the Board of her decision to step down from her executive and Board roles to pursue a new opportunity.  Ms. Georgiadis will serve in an advisory role at Mattel until May 10, 2018 to ensure a smooth transition.

Funimation acquires ‘Attack on Titan’ Season 3, set to premiere in July in Japan

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Funimation announced its acquisition of Season 3 of “Attack on Titan,” one of the top global anime franchises and a fan favorite with North American audiences from the moment it first premiered in 2013.

As part of its agreement with Kodansha, Funimation has secured the international rights to home entertainment, video on demand and broadcast distribution of the series in the US, Canada, UK, Ireland, Australia and New Zealand. The new season will premiere this July in Japan.

“We’re thrilled to be bringing back ’Attack on Titan’ for its third season in 2018 and on the heels of the series’ long awaited and exciting return last year,” said Gen Fukunaga, CEO and founder of Funimation.

“Everyone is anxious to see what’s in store for the new season. Fans have been clamoring with non-stop speculation ever since Wit Studio released a Season 3 teaser poster last October. We will all soon find out later this year,” Gen further added.

Produced by Wit Studio in cooperation with Production IG, the “Attack on Titan” anime series is adapted from the New York Times best-selling manga series by Hajime Isayama about the last of humanity fighting to survive against man-eating giants called Titans. To date, there are a total of 25 volumes in the manga series with some estimated 74+ million copies in print around the world.

The complete episodes from “Attack on Titan” Season 1 & 2 are available in ad-free, HD streaming on Funimation Now. Both seasons of “Attack on Titan” are also available on Blu-ray, DVD and Digital HD and can be purchased at funimation.com or from select retailers.

A subtitled trailer for “Attack on Titan” Season 3 is available for viewing.

Funimation, a subsidiary of Sony Pictures Television, is the go-to destination for extraordinary anime.  By combining its integrated in-house studios along with its technology and distribution partnerships, Funimation leads the industry with its omnichannel approach to offering anime to fans – from streaming and home entertainment, to theatrical distribution and broadcast television.

FREAKY FRIDAY: These mascots are still creating a strong recall for their brands

From the utterly-butterly Amul’s mascot girl to the  Air India’s Maharajah, mascots have been endearing brands to consumers over the years, creating a strong recall and connect beyond advertising and marketing drives.

While the Amul Girl has been giving her witty takes on current happenings, the Maharaja always welcome guests with a gracious bow.

In an age of social media, these mascots are still creating a strong recall for their respective brands. Take a look.

The ‘Amul Girl’:

Amul girl refers to the advertising mascot used by Amul, an Indian dairy brand. The Amul girl is a hand-drawn cartoon of a young Indian girl dressed in a polka dotted frock with blue hair and a half pony tied up.

Adding satire and her quirky take on everything since 1966, the ‘Amul Girl’ has stood the test of time with her sometimes controversial one-liners.

It was executed by Sylvester Da Cunha, the owner of the agency and his art director Eustace Fernandez on hoardings, painted bus panels and posters in Mumbai. The mascot, since then, has been mobilized to comment on many events of national and political importance like the Emergency in India in 1976.

Vodafone ZooZoos:

ZooZoos are advertisement characters promoted by Vodafone India since the Indian Premier League Season 2 (IPL) in 2009.  ZooZoos are white creatures with ballooned bodies and egg heads who are used to promote various value-added services of Vodafone. These characters are played by human actors in body suits. The ads were created by Ogilvy & Mather, the agency handling Vodafone advertisements.

The ads were shot by Bangalore based Nirvana Films in Cape Town, South Africa. Prakash Varma directed the ads.

The ads featuring ZooZoos became a rage among the masses and were an instant hit, followed by huge fan following on their social networking pages. They made a comeback in 2015, wherein the company used them to market their revamped property, ‘My Vodafone App’.

Air India’s Maharajah:

The Maharajah’s reincarnation finally happened! Responding to prime minister Narendra Modi’s call for a redesign of the national airline’s mascot, Air India debuted a younger, slimmer Maharajah.

The new avatar has not only shed pounds but also the traditional turban and sherwani, trading it for a vest, blue jeans, trainers and a low-slung satchel. Replacing the Maharajah’s gracious bow, the new version also appears to be idly checking his mobile phone—possibly responding to the critical reactions to his radical makeover on Twitter.

Initially, it was the Maharajah – with hands folded in namaskar and the signature turban – became a promotion tool for Air India. It was created by Bobby Kooka, the then-commercial director of Air India, and Umesh Rao, an artist with J. Walter Thompson in 1946.

7 UP’s Fido Dido:

Fido Dido, the tall, slim and curly haired cartoon man, the face of PepsiCo owned lemon drink 7UP when it debuted in India, is making a comeback through a summer campaign “Back to Cool”. Rendered in black and white, the brand mascot with wiggly strands of hair, will be seen on 7Up bottles as the company plans to leverage the ’90s nostalgia.

The spiked hair character was created by Joanna Ferrone and her artist friend Sue Rose in 1985 in New Year and was later licensed to 7UP as brand mascot in 1987-88. Created as a clear lime-flavoured drink, 7UP entered India in 1990 and was promoted through the international mascot in its advertising in 1992. With the “Keep it cool” tagline, Fido embodied coolness with his sneakers, loose tee and shorts look. Coupled with the laid-back attitude, he truly became a part of the 90s pop culture.

Nirma Girl:

Remember ‘Hema, Rekha, Jaya Aur Sushma, Sabki Pasand Nirma Washing Powder Nirma? Yes! No one can forget that tune. Clad in a white frilly frock, the ‘Nirma Girl’ remains the most enduring image since 1980s till today and is doing pirouettes on Nirma’s tikiya (washing soap) and washing powder packets.

The mascot was conceived in 1985 and Gujarat-based ad agency Purnima Advertising was at the helm of the campaign. It is said that the original Nirma girl was none other than Nirupama, the daughter of Nirma Group’s founder Karsanbhai Patel, who died in a car accident a few years later. Nirma underwent another makeover in its advertisements when it brought on board actor Hrithik Roshan in 2016 for a TVC.

UBM kickstarts 6th edition of Children, Baby and Maternity Expo 2018

UBM India launched the 6th edition of Children, Baby and Maternity Expo India 2018 (CBME India) at the Bombay Convention and Exhibition Centre, Mumbai.

The inaugural ceremony took place in the presence of Chief Guests including Esha Deol – Bollywood Celebrity, Bharat Takhtani, Entrepreneur. Besides, special guests include Ajay Agarwal – President Toy Association of India; Yogesh Mudras, MD UBM India Pvt Ltd. and Abhijit Mukherjee, Group Director UBM India Pvt Ltd. amidst an industry gathering. A choice of dealers, distributors, influencers and merchandise heads from modern retail businesses, online retailers, service providers, business investors, and franchisee seekers were also attended the event.

Significantly, the event is well-supported by key associations such as Licensing Industry Merchandisers Association (LIMA), Indian Importers Chamber of Commerce and Industry (IICCI) and All India Association (AIAI).

The show brought together more than 450 major global and Indian brands, to showcase and launch an exhaustive spectrum of baby care products, toys, baby food, organic clothing, nutraceuticals, ergonomic furniture, licensing brands, stationery, gifts, infant safety technology, brain development tools.

This year, the trade fair saw massive participation from countries such as China, Canada, Korea; Singapore; Russia; Saudi Arabia; UK, USA, Vietnam, and Thailand.

CBME India 2018 comprised a number of salient features including power – packed knowledge sessions, seminars, discussion of new trends and various international pavilions to surge into the rapidly expanding and diverse retail sector in India.

Day one presented the Fashion N kids Concalve 2018 with the subject of revolution in kids wear and market trends. Whereas, day two will include an exciting session on ‘Leveraging License to Grow Your Market’, that will discuss the lucrative licensing and merchandising industry by covering top trends in licensing in the kids’ category.

Jiggy George, Head of LIMA, India feels that this is exciting times for licensing in India with the industry at a tipping point.

While the child care sector in India is still at a budding stage, it is one with immense potential due to an ever-growing population.

Versace collaborates with Unity Group, to build luxury apartments in Delhi

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In what can be called as a true example of luxury meets realty, Italian fashion brand Versace is is all set to enter the homes segment in Delhi.

Versace has collaborated with Delhi-based real estate developer Unity Group to develop luxury apartments in the central area of the Capital.

The project will comprise of 160 branded luxury apartments with all the residential units at 5 BHKs, with an investment of about Rs 500 crore (Twin Towers). The total project cost is Rs 3,000 crore.

Unity Group, which has built over 100 commercial buildings, has forayed into housing segment to develop this 40-acre complex at Karol Bagh, comprising a total of nearly 2,700 units in 23 towers. The twin towers will be part of this project.

The twin towers were launched in presence of Italian Ambassador to India Lorenzo Angeloni.

The 46-storey twin towers, with interior design by Versace Homes, will be the tallest approved building in the national capital with 182 metres in height, Unity group Director Harsh Vardhan Bansal told reporters after the launch.

The first-of-its-kind collaboration in Delhi will take luxury to new heights.

The luxury homes will be sold on invitation and the price is likely to be about Rs 15 crore for a 5,800 sq ft apartment. However, no exact prices have been disclosed yet.

“The branded luxury apartments will offer a range of unique amenities that embrace everything Versace stands for superior quality, contemporary design and innovation through a combination of ultra-modern facilities with unmatched style,” said Gabriella Saracino, Worldwide Licensing and Home Division Director, Gianni Versace.

Also Read: Trump Organisation and realty deals: An unfinished story in India

These branded apartments will be fitted with all the amenities such as lobby, sky garden, lounge bar and swimming pool, that will be designed by the fashion house.

However, for the interiors of the house, buyers will have the option to choose from among fully branded furnishing, partially furnished by Versace or no option.

The construction work has started and the residential project is expected to be completed in 2022.

Till now, the Civic Centre building in the central Delhi is tallest with a height of around 110 metres.

Talking about the business aspect of the collaboration, Harsh Vardhan Bansal, Director, Unity Group was autoed from the Hindu Business Line, “Versace will be charging a certain percentage from the sales as well as a design fee. So, there are two types of agreement: one is for designing and the other for branding (that the tower can be sold as Versace residency). A fixed percentage will be paid to them for designing, but for the sales, the charges may vary.”

However, this is not the first collaboration of the Italian Design brand in India. Earlier in 2015, realty player ABIL Group had joined hands with Versace to develop a residential project in a plush locality in South Mumbai.

Founded in 1978 in Milan, Gianni Versace is one of the leading international fashion design houses. It designs, manufactures, distributes and retails fashion and lifestyle products, including haute couture, accessories, jewellery, watches, eyewear, fragrances and home furnishings.

Unity Group is a diversified group with interests in real estate, hotels, educational institutions, automobile dealerships, marble and healthcare. It has recently delivered two multi-level car parking with retail projects in collaboration with DMRC (Delhi Metro Rail Corporation) namely Unity One, Janakpuri and Unity One, Rohini.