Upgrade to Pro — share decks privately, control downloads, hide ads and more …

Pitch for a concept music and entertainment agency in India

mudlt
January 17, 2015

Pitch for a concept music and entertainment agency in India

Gap identification, Concept Creation, Market Strategy, Positioning Strategy, Communication Plan

mudlt

January 17, 2015
Tweet

More Decks by mudlt

Other Decks in Business

Transcript

  1. Industry Evolution 1990: Mainly venue management, artist coordination and equipment

    sourcing 1995: Managed events pick up (led by organisation of large-scale social events) 2000: Emergence of a few ‘organised players’ (consolidation of mom-n-pop shops into partnerships and privately- held companies) 2005: Corporate events pick up pace leading to six years of high growth 2008: Increased importance of IP and formation of the first ‘event properties’ from within the live events community 2013: Corporate slowdown leading to churn, diversification and skill renewal 2015: Could see niche capability building, major consolidation, strategic partnership and revenue sharing leading to robust and sustainable growth.
  2. The Industry Maturity Matrix Maturity Metric Indian Live Events Performance

    Measurement Poor Topline (Profitability) Fair Scalability Good Spend on Innovation Moderate Clientele Sustainable Focus on cost reduction Good Focus on cost removal Poor Skill Building and Retention Poor Fragmentation High Growth High
  3. Fast Emerging Trends There were 150- 160 IP- events across

    the country; with live music festivals and programmes accounting for 55-60 of such events. So the live music events accounts for about 35% of the total IP events. Same TG: 1.5-2 million highly urban, SEC A+ and in the 15-35 age group Collaborative partnerships (Usually more than 5 partners on a service chain. Intellectual Property Events with a brand story are striving (Jaipur Lit Fest, NH7, Sunburn) Brand and Community building through experiential initiatives (Old Spice Mantastic Man, Maybelline 14 hour story). Niche Event Management (Huracan showcase, Mercedes GLA45 track day) New and smaller companies are coming up, thus increasing the fragmentation Multiple IP events with similar content are coming up
  4. Segmentation in the Live Events sector Segment Business Model Clientele

    IP Events Conceiving and Creating a brand around a signature event: music, art, literature, fashion, business B2C, Sponsors and advertisers looking to connect with customers Experiential Marketing BTL activities for product launches and enhancing brand experience Brands in these sectors: FMCG, automobiles, Food, Technology, Healthcare, Movies MICE and Trade Shows Industry trade shows, conventions, exhibitions Companies, divisions and brands of companies, industry bodies and associations.
  5. Revenues and Costs IP Events The Revenue Mix is variable

    and it thrives on the ‘pocket money economy’. The major sources of revenue for an IP-event include: Sponsorship (about 25-30 percent) Gate Receipts and (about 60-70 percent) Broadcast Rights (about 5-10 percent) The Cost Side covers: Artist Management (50-60 percent) Venue Cost (15 percent) Marketing Cost (15 percent) Taxation (Varies from State to State)
  6. Name of the competitor Properties Strengths Weaknesses Percept D Mark

    Sunburn, Windsong, FLY Brand Story, Owned Properties, Repeated customers OML NH7 Weekender, Smash Up, Shake down, Dewarists, MTV Sound Trippin Wizcraft IIFA Awards, The Michael Jackson Concert , The Unforgettable Tour, GIMA Too focused towards mainstream bollywood events Cineyug Rockstars, Sonu Nigam Live in Concert, Now or Never live in Concert, Artist management DNA International bands and artists live concert, Campus Rock Idols, Rock N India Competition Domestic
  7. Name of the competitor Properties Strengths Weaknesses WME Clients. Films:

    Richard Gere, Denzel Washington, Catherine Zeta- Jones.. Music: Taylor Swift, Kanye West, Tom Petty. World’s largest artist management agency Make their money by taking a percentage of the money their clients are paid. CAA Clients. Films: Priyanka Chopra, Sandra Bullock,Gerard Butler. Music: Ludacris, John Mayer, Shakira. Sports: David Beckham, Cristiano Ronaldo etc. World’s leading talent and sports agency. Clients who work in film, music, television, theatre, sports, and literature, and the firm's client list reads like a who's who of A-list star. Make their money by taking a percentage of the money their clients are paid. Live-nation Has handled events for Microsoft, Pfizer, Red bull, Exxon Mobil, Coca Cola Jack of all trades. Right from red carpet premiers to Prom and homecoming. They own their own venues - With over 41 club and theatre venues across the United States. Does not specialize in one category. IMG Chinese Basketball association, IPL cricket League, Rugby World Cup, Beijing Olympics Sports, Fashion and lifestyle. Majorly into Sports Competiton International
  8. Way Going Forth Trends Expected Marketers are understanding the importance

    of Tier 2 and Tier 3 cities and they are getting their own IPs Higher spending on Rural BTL Investment in IPs as long term investment as they have shown a growth in ROI and profitability Community building based on brand, experience and content Setting up of permanent venues Globalisation of events Digitisation to play a key role in impacting the industry: e-ticketing, live streaming, promotions on social media, engaging users through Tweets and Vlogs
  9. Market Gaps Lack of a CRM for regular fans Incongruity

    between artist management and event management Lack of proper infrastructure: Operational inefficiency, Venues (location issues), Logistics, Lack of Plug-n-Play systems, Adequate crowd control, security of performers High Employee costs due to high attrition rate Lack of skilled professionals Regulatory delays (licenses, permissions)
  10. TG | Concert Goers 15-35 Years | SEC A+ |

    1.5-2 Million Per Metro Our target consumers are music lovers across genres, falling between the age group of 15-25 years. These people are young jobbers and come from upper middle class families, they have some amount of disposable income which they like to spend on going out with friends and family. They unwind on weekends by visiting eateries and clubs, and are up to date with events of their interest happening around the city. They are constantly glued to their second screens and spend a substantial amount of time on the internet on social media sites as well as chat applications. Refer to table 2.0 for details about the target market.
  11. TG | Artists We offer a management service to both

    domestic as well as international artists The artists vary in popularity from budding local artists to internationally renowed artists as we have a variety of platforms to service the varied spectrum of needs We guarantee our artists a fixed number of performances as well as full venues to showcase their talent
  12. TG | Sponsors and Advertisers One of our major stakeholders

    are our sponsors and advertisers We can offer them targeted reach to their ideal consumers because of our customer relationship management system We have a well built database across cities, segmenting our audience by age, type and even taste in music We know what kind of audience is going to be at any one of our venues on a given day. This kind of information opens a plethothora of opportunities to potentital advertisers and sponsors
  13. We are the center stage for music, artists & fans

    across the nation. Through creating a network of artists & venues and letting the fans reap the benefits we intend to help people live LIVE music.
  14. because music live is music lived IN: PLAY holds center

    stage for India’s largest promoter of live entertainment The firm will operate over 30 venues in the metros of India by 2025 We will see over 500,000 people attend some 12,000 In: Play events by 2020 In addition, in: Play will own a stake in artists' music, including albums, tours, and merchandise Vision| Stand-alone end-to-end music based artist and event Management Company, the leader in Asia
  15. Positioning “An end to end solution for music events management

    from artist management, hosting events, ticket sales, right down to customer relationship management”
  16. Strategy   To leverage our first movers position in live

    entertainment and build long lasting relationships with fans, venues, artists and advertisers to sell more tickets and grow our revenue, earnings and cash flow. Create National Concert Platform Grow long term Sponsorship and Advertising Align Artist Management and Event Management
  17. Tactics   Leverage basic artist network for initial gigs New

    talent acquisition based on TG Year long deals with established artists with guaranteed returns CRM for artists, sponsors and venues Affiliations given prime importance which are – city affiliations with promoters and event managers Getting in touch with international agencies for international stars’ touring patterns and timings
  18. Risks   Our business is highly sensitive to public tastes

    and is dependent on our ability to secure popular artists and other live music events, and we and our ticketing clients may be unable to anticipate or respond to changes in consumer preferences, which may result in decreased demand for our services. Our success depends, in significant part, on entertainment, sporting and leisure events and economic and other factors adversely affecting such events could have a material adverse effect on our business, financial condition and results of operations Our success depends, in significant part, on entertainment, sporting and leisure events and economic and other factors adversely affecting such events could have a material adverse effect on our business, financial condition and results of operations Poor weather adversely affects attendance at our live music events, which could negatively impact our financial performance from period to period We may be adversely affected by the occurrence of extraordinary events, such as terrorist attacks In India there already exists well established Intellectual properties to compete with like NH7 & Sunburn. There is no guarantee of support from sponsors and advertisers for our smaller artists. In procuring international artists for events there could be unprecedented legal issues.
  19. FUNCTIONS Roster Development Artist Management Artist Scouting Artist Development Tour

    Management Career Management Artist Affiliation Management PEOPLE Artist Manager Scouts International Agency Manager AFFLIATIONS International Artist Agencies International Touring Agencies Domestic Artist Agencies 3rd Party Events & Venues Departments Artist Management
  20. FUNCTIONS Venue Management Vendor Management IP Development Event Management PEOPLE

    Event Manager Logistics Team Contractual Employees AFFLIATIONS Venues Government Agencies Vendors Departments Event Management
  21. FUNCTIONS Sponsors & Advertisers Artist Marketing IP Marketing Ticketing PEOPLE

    Business Development Creative Department Media Buying Marketing Team AFFLIATIONS Ticketing Partners Sponsors Advertisers Marketing Agency Departments Marketing & Sales
  22. Stage 1 Overview 5 years Low Capital Network Development Artist

    Management Small Scale Performances based on contracts Roster Development Intellectual Property Management Medium Scale event development
  23. Stage 2 Overview 5 years High Capital Outside Investment Artist

    Management Long Term Management Contracts Property Management Large Event Development Long Term Sponsor contracts Real Estate Ownership of venues Small to medium in metros like Boiler Room and Tuning Fork
  24. Stage 3 Overview 10 years High Capital Artist Management Long

    Term domestic management contracts Highly developed relationships with international artists based on contracts with CAA, WME, etc. Property Development Large Events |Long term sponsors | Small events with rolling contracts | Local Touring Agency Real Estate Ownership of large and small venues – Live-nation Government Deals Small Venues – Boiler Room, Tuning Fork
  25. Stage 1 Annual Aims and Objectives Y1 Get affiliates &

    artists Get them local gigs Y2 Establish IP for small scale events Push established talent Y3 Develop fans around established IP Establish medium scale event IPs with international artists Y4 Develop fans for small and medium scale IPs | Investment in real estate for owned venues Y5 IPs for owned venues
  26. Assets Artists |A roster of Long Term Performance Based Contracts

    Fans | CRM system of fans for efficient marketing Distribution Network | Network of ticketing vendors and venues Sponsors | Long term associations Employees | Passionate & Highly Driven
  27. Captive Portal Captive Portal is the leading platform for quality

    new music. A small rented venue in every city, turns into the most happening place when you have a new local artist performing each time. Loud music, chilled beer, appetizing starters, Portal 9 is the place to hit on the weekend. Capacity: 300 pax Venue: small indoor event Frequency: 1 nights a week |Saturday
  28. Boiler Room For  the  larger  concerts,  sponsored  Boiler  Rooms,  a

      mid  sized  event  every  month.  We  showcase  the   best  ar<sts  around  the  world  to  a  community  of   dedicated  music  fans.     Capacity: 1000-3500 Venue: Mid-sized outdoor event Frequency: Monthly
  29. Music Injection Movement The Music Injection Movement is the event

    to watch out for. A large gathering of over 5000 fans, coming together to celebrate their favorite artists. A packed venue with blood pumping music, the MIJM is not for the faint at heart. Capacity: 5000+ Venue: Large outdoor event Frequency: Twice a year