IBDF re-elects Okay Madhavan, Punit Misra to board

Different on the board embody Rahul Joshi, Aroon Purie, N. P. Singh, Nitin Nadkarni, Punit Goenka, R. Mahesh Kumar and Gaurav Banerjee. Workplace bearers of the inspiration embody Okay Madhavan as president, Rajat Sharma as vice-president (information and present affairs), Rahul Joshi as vice-president (authorities and regulatory affairs) and Punit Misra as treasurer.

Within the IBDF board of administrators assembly that adopted the AGM, John Brittas and Kevin Vaz had been co-opted to the board.

“Regardless of the continued geo-political points like Russia’s invasion of Ukraine and the disaster within the Center-East as a result of Israel-Hamas warfare and accompanying financial volatility, the Indian financial system basically and the media and leisure business, specifically, have proven excessive resilience,” Madhavan mentioned on the occasion. 

“India has firmly launched into a digital transformation journey with 868 million broadband customers in India, and inside a yr of launch, 5G companies have been rolled out throughout 97% of Indian cities leading to web speeds going up by thrice. Linked TV continues to develop with 90% of TV units bought in India being sensible TVs,” he mentioned.

Madhavan identified that 2023 will probably be a defining yr for the Indian M&E business with digital advert income anticipated to surpass advert income for conventional media. Pointing to the linear TV penetration within the nation, he mentioned that with 900 channels, linear tv continues to get pleasure from an unparalleled attain of 900 million viewers and is the most important media platform in India. 

“Not like in different developed markets, there’s vital development potential for linear TV as one-third of households in India don’t have entry to tv. It should require the collective would possibly of the IBDF members to attach the neglected 100 million households to our fold,” he added.

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Up to date: 31 Oct 2023, 06:44 PM IST