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UTV
Inks $14m Production Deal With 2 Hollywood
Cos
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Entertainment
company UTV has inked co-production deals
worth $14m with two Hollywood animation
production houses, Porchlight Animation
and Mike Young Productions. The deals envisage
making an animated feature film and 3D animation
TV series. The investment will be funded
from internal accruals. UTV COO Ronald D'mello
told ET that the company would co-produce
its first Hollywood animated feature film
titled Jay Jay's Race Around The World with
Porchlight Animation. "We will do pre-production
and marketing for the series for an estimated
$10m, which is being made for the international
audience," he said. The movie which is based
on a pre-school series Jay Jay The Jet Plane
is slated to be released by the end of '07.
The other deal is with the Los Angeles-based
Taffy Entertainment and Method Film France's
distribution arm, Mike Young Productions.
"We have tied up with them for a TV series
titled Cosmic Quantum Ray. This is an animation
services deal for 13 hours for an estimated
$4m," he said. The deal will include making
both direct to DVD titles and TV episodes
in 3D animation. "We are already doing production
work for animation projects but this would
be a beginning of our effort to move up
the value chain and be able to own the animation
properties we produce," added Mr D'mello.
Though both the projects are meant for the
international audience, UTV is also aggressively
looking at tapping opportunities for making
animation movies for Indian audience. "We
are aggressively looking for the right script
and in the next 9-12 months we hope to make
an animation movie with the Indian characters
for the world-wide audience," he added.
Courtesy:
The Economic Time, June 29, 2006
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Indian
Creativity Rides The Wave at Cannes
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Halfway
into the Cannes festival, Indian creative
and media agencies have raked in more Lions
than it has ever done in its history. Indian
advertising is on a high this year and there's
a great deal of talk about chunks of global
creative activity shifting focus to India
in the next few years. The buzz around India
globally seem to have made the market not
only conducive for Indian success. Merit
at Cannes was clearly the clinching factor
but top advertising honchos and corporate
India agree that Indian nominations are
also riding the popularity wave. "We are
all riding a wave for sure. But our talent
is outstanding too. India's certainly got
much more prominence today than before,
we have judges there and much more representation
than we did earlier. Lintas had won a lot
of awards way back in 1983 at Cannes. I
think every country goes through this popular
wave, sometime it was France and later Spain
and now its India. Of course, we have some
of the best minds with us. I am very happy,
with this recognition of talent," feels
Indian creative guru, Alyque Padamsee. With
four gold, three silver and five bronze
gongs, India's tally of 12 Lions surpasses
previous glory - some of the most talked
about being JWT's Levi's Slim Jeans and
O&M's 'Salon' for Perfetti's Mentos. Last
year, JWT India won the first silver at
Cannes for its campaign 'Give' for the Indian
Red Cross in the fund-raising and appeals
category and also Lion for 'Birds', a commercial
created for A: Door which is a theatre in
South Delhi, while Leo Burnett bagged a
bronze for its Heinz commercial. "The fact
that the international market is sitting
up and looking forward to the Indian point
of view is actually helping. No doubt, some
of the ideas were great and had the cutting
edge like Levi's or Kurkure. But it is a
fact that the cross-ventilation and osmosis
of ideas from India has made a great difference.
Nobody has to push a great idea, today it
is easily noticed," says Josy Paul, national
creative director, David. The rise of this
global creative economy changes the rules
of international competition in four crucial
ways. This time around 25 agencies joined
hands to compile a book called 'Best of
India' as a way of exhibiting the country's
talent. With India on the international
map international companies are coming to
Mumbai to get their work done. "There have
been serious discussions on using India
as a creative production hub. I do not think
that our creative talent's just riding a
popularity wave. Our talent is great and
markets are turning towards India for using
the talent. What is significant is that
it is not work to be done for Bangladesh,
Thailand or Nepal, but for the developed
markets," said Sameer Suneja, head marketing,
Perfetti Van Melle India.
Courtesy:
The Economic Times, June 26, 2006
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Lion
Count Climbs to 9 at Cannes
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If
Monday evening suggested that India was
knocking on the doors of fame at Cannes,
by Tuesday afternoon it was evident that
Indian advertising had got off to a flier.
Just two days-and five categories of judging-into
the festival, and India has taken its tally
of Lions to nine: two gold Lions, two silvers,
four bronzes and one Promo Lion. Also, India
has won a single nomination for the Cyber
Lions - Tribal DDB's 'Chartbusters' entry
for Times Jobs - taking the number of finalists
from India to 59. And the Indian contingent
is confident that the number will go up
once the Press and Film winners are announced
- there is a strong rumour that JWT will
pick up a Press Gold for its Levi's Slim
Jeans work. But so far, the two gold Lions
won this year were in the Outdoor category,
courtesy O&M's entry for Discovery Channel
and Rediffusion's entry for Midland Bookshop
- incidentally, Rediff has already claimed
a silver Lion for the same client in Lions
Direct. "This is wonderful news for Rediffusion
and India," said KS Chakravarthy (Chax),
NCD, Rediffusion DYR, speaking about the
work for Midland. "I always knew this was
a winner for the country. From the time
I first saw it, I had complete faith in
the work. It deserves every accolade it's
got and I'm so happy." India added two bronze
Lions in Outdoor through Leo Burnett's entry
for Dinodia Photo Library and Everest's
finalist for Cancer Patients Aid Association.
And in Media, three of the six short listed
entries from India claimed metal. While
Leo Burnett won a silver Lion for Prerana,
Madison Communications laid hands on two
bronzes, one each for P&G and Cadbury. The
Grand Prix Campaign in the Outdoor category
was awarded to Fallon London for its work
for Tate Britain. The campaign for Tate
Britain edged past the work done by Whybin/TBWA
Auckland for Adidas by a very narrow margin.
"Arriving at a decision on the Grand Prix
was tough as there were so many opinions
on what communication should be like in
the future," admitted Fernando Vega Olmos,
outdoor jury president and president of
Vegaolmosponce, Argentina. The Grand Prix
in Media went to Universal McCann Sydney
for the 'Lynx Airline' campaign for deodorant
brand Lynx. (The Unilever brand is marketed
under the Axe name in some markets). "We
were looking for a matrix that gave proof
of success in the market, and we were looking
for campaigns that were extendable - where
the idea could travel around the world,
and maximized all possible touch-points
very well," said media jury president and
CEO of Starcom MediaVest, Renetta McCann.
"We also wanted to award work that was interactive
and involving - work that invited the consumer
into the brand." At this juncture, Rediff,
Burnett and Madison lead India's table with
two Lions apiece, while O&M, JWT and Everest
have one Lion each. With results from the
two biggest categories, Press and Film,
yet to be announced, there's a fair amount
of confidence that India will end up with
a record number of gongs.
Courtesy:
Economic Times, June 21, 2006
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Frost
& Sullivan CEO of The Year Award For Sunil
Mittal
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Bharti
Airtel chairman and managing director Sunil
Bharti Mittal has won the 'CEO of the year'
at the Frost and Sullivan Asia-Pacific ICT
2006 awards. Mr Mittal has been given the
award in the service provider category,
a company release said here on Sunday. The
award took into consideration his leadership,
revenue growth of the company, market share
retained and captured by the company and
financial achievements it achieved in 2005,
the release said. In addition, Bharti Airtel
also bagged the Wireless Service Provider
of the year award and the competitive service
provider of the year award, it added.
Courtesy:
Economic Times, June 19, 2006
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2
Indian Enterprises Win Green Oscars
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Indian
enterprises have won two of the five Ashden
Awards for sustainable energy for 2006,
popularly known as the 'Green Oscars', and
a cash prize of £30,000 each. The organisations
which have won the award include Appropriate
Technology Institute (AARTI), Pune, for
the design of a revolutionary biogas system
that generates gas for cooking from food
waste and other sugary and starchy material.
The other is International Development Enterprises
of India (IDEI) which has been behind the
manufacture and distribution of 510,000
treadle pumps - a simple device that uses
human power to pump water from wells, streams
and lakes up onto the fields allowing farmers
to grow crops all year round. Besides, Vivekananda
Kendra and Nardep, bagged the second prize
of 10,000 pounds for making a series of
advances to biogas designs which generate
gas for cooking and developed effective
ways of using slurry as a powerful fertilizer
using a combination of new and traditional
techniques. Lord May of Oxford, a former
Chief Scientific Adviser to the UK Government
and former Head of the UK Office of Science
and Technology presented the awards to Anand
Karve of AARTI and Amitabha Sadangi, Executive
Director of IDEI at a largely attended function
at the Royal Geographical Society in London
on Thursday night. Prominent among those
present on the occasion was David Cameron,
MP, Chief of the Conservative Party. Receiving
the award, Karve described it as a great
honour conferred on his organisation. He
said the potential user of the new biogas
technology in Maharashtra are estimated
to be 1.5 million households. So far, the
Institute has covered about 8,000 of them.
"The award money will be used for expanding
our awareness generation campaign and the
training programme for artisans," he said,
adding that over the next two years "we
hope to reach more than 25,000 urban households."
Sadangi said the Ashden Awards "are a reflection
of the world we would like it to be. It
is easy to feel despair every time we read
about tragedies in the poorest parts of
the world. But when I look at the finalists
of Ashden Awards and their work, I see hope.
"IDE, India, will use this award money to
introduce Treadle Pump in Chattisgarh, one
of the backward states in India. Treadle
Pumps will help people to increase productivity
and reduce poverty."
Courtesy:
Hindustan Times, June 16, 2006
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Indian
Travel Industry Goes on M&A Jaunt
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The
Indian travel & tourism industry is getting
into M&A mode. Kuoni India, one of the biggest
travel companies in India, has acquired
a Delhi-based destinations management company,
Distant Frontiers, while Thomas Cook is
scouting for 3-4 deals in the domestic travel
space. TUI, a global travel major which
entered India last year, strengthened its
presence by picking up Select Vacations,
an outbound travel firm, earlier this year.
Deal makers for private equity and VC funds
are also taking a keen interest in the Indian
travel space, especially in the online domain.
Though Kuoni executives were not willing
to comment on the deal, sources said the
latest acquisition will help attract niche
tourists from Europe for medical tourism,
eco-tourism and specialised incentive tours
and conferences. In '01, Kuoni had bought
out another destination management company,
Tour Club, with a strong presence in the
Middle East. Kuoni India's destination management
division operates under the umbrella brand
name SITA and currently manages around 1,50,000
tourists. Last year Kuoni Travel Holding's
group CEO Armin Meier had told ET that the
company is interested in acquiring brands
and products in the space of soft adventure
as part of its inorganic growth strategy
in India. Thomas Cook India MD Madhavan
Menon said the company is scouting for acquisition
opportunities in the foreign exchange and
travel-related services space. Last year
two key global players, Germany's TUI and
Australia's Flight Centre entered the Indian
travel space after acquiring Le Passage
to India and Friends Globe, respectively.
TUI followed this up by buying out Select
Vacations, a boutique outbound travel company,
earlier this year. Over the past year, the
online travel space has seen a fair share
of action with entry of players like Makemytrip
and Travelguru, backed by VC funding. Earlier
this year, Promod Haque of Norwest Venture
Partners, a US-based venture capital firm,
invested in Yatra, a click-cum-brick travel
platform targeting the domestic traveller.
As low-cost carriers gather critical mass
in terms of passenger movement, online buying
and selling of air tickets and other travel
solutions is giving a fillip to domestic
travel. India's inbound travel figures have
been growing by around 14% annually and
stood at 3.9m in '05. Outbound travel by
Indians has clipped ahead at a much faster
rate ranging between 20-25%, with nearly
6.5m travelling abroad last year. However
most travel companies are now gearing up
to tap the potential of domestic travel,
with an estimated 400m travelling within
the country each year, with the numbers
growing by over 20% annually.
Courtesy:
The Economic Times, June 08, 2006
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MRPL
Bags Award For Lowest Energy Consumption
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Mangalore
Refinery and Petrochemicals Ltd (MRPL),
a subsidiary of ONGC, has bagged the Jawaharlal
Nehru Centenary award for the lowest energy
consumption amongst PSU refineries during
2004-05. The awards are based on the annual
performance of the refineries in the area
of energy consumption, measured in terms
of Specific energy consumption. It has also
got the Gold award by Greentech Foundation
for outstanding achievement in safety management
for the same year and a Gold award from
the Department of Industries and Commerce,
Government of Karnataka, for registering
highest revenue earnings through export
during 2004-05. It has also bagged the Environment
Excellence award from Greentech Foundation
and the Golden Peackock Environment Management
award for the same period. Meanwhile, MRPL's
Board has approved the refinery upgradation
project to enhance the capacity to 15 MMTPA
from the present 9.69 MMTPA. The board has
also given a go ahead to the comnpany's
plan of setting up an Aromatic and Olefin
complex at the Mangalore SEZ.
Courtesy:
The Economic Times, June 03, 2006
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