After branded goods and luxuries, it's now the time of branded entertainment. |
London-based FactBased Communications (FBC) has entered into a joint venture with Rossellini Associates of New Delhi to form FBC India, where branded entertainment will form a significant part of the services. |
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Alan Friedman, chairman and chief executive officer, FBC, said: "India is one of the three strategic markets for FBC worldwide. A country where there are more than 250 million aspirational young Indians is a promising market for branded entertainment." |
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As a concept, branded entertainment is relatively new. |
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It refers to a term where an entertainment programme has a successful brand association without sounding like an advertisement. |
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In India, one has begun to see this kind of programming in a small way. For example, on the programme Indian Idol (Sony), when viewers are exhorted to send SMSes on a Nokia phone or the contestants promote the Ambi perfumed car, it is called branded entertainment. |
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Beginning tomorrow, Star One is also airing one of the first branded entertainment reality shows "" Lakme Fashion House, which is a competition to select the bests fashion designer from amongst 16 participants. |
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According to Friedman, branded entertainment currently represents 10 per cent of the global advertising market which when translated into money is over $30 billion every year. |
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Though branded entertainment can never overtake the 30 seconds TV ad spot, it certainly acts as an adjunct to the advertising campaign for the advertisers. |
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FBC has worked with international clients like Nokia, Motorola, Microsoft and Visa in this space. In India also, they see a huge opportunity for this kind of entertainment. |
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FBC Media holds a 50 per cent stake in FBC India with the other 50 per cent with Indian promoters such as Shashanka Ghosh and Samir Gupta. |
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After the reality show on Star One, the company is not only looking at adapting international formats for Indian audiences but also developing an Indian format for an international audience. |
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In the coming months, the company will diversify into formats apart from format shows and look at lifestyle and fiction programming as well. |
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