3 M’s of IPL

If you want to rate a brand, you do it on the basis of the value it fetches. What do you think is the brand value of IPL.... No idea... So let me put this like this... The recent bidding values for the new teams (Pune and Kochi) touched $700 million mark, which was almost at par with the one whole Manchester Untied team. Apart from it, IPL also enjoys a TV rating which constantly extends 4. No doubt IPL has arrived, and it is posing a threat on NBA and NFL.

According to us, the main reason for the success of IPL is the 3 M’s which it follows. A detailed description about them is given below:

Match Format:

IPL offers its audience a short and enjoying 20 over format cricket popularly known as T20. This formula of Modi, of coupling cricket with drama, emotion and above all bollywood (and other celebrities) has made it more of a family affair thus taking away the TRP’s of the family Saas/Bahu serials. The fact that this format fits into the Indian style of living also helps it to gain the viewership.

Money:

The Auctioning of players, the selling of Team ownerships, selling of tickets, Sponsorships price, broadcasting rights everything involves money. And why not IPL is here to make money. This factor has also contributed in adding a huge amount of fan following to it. (I recently got a goodie bag from KKR, just because I clicked on some of their adds and answered some stupid questions... Ppl or rather sponsors are throwing out money in IPL, so someone has to be there to catch it). This act of giving gifts to the audiences is really helping it grow exponentially (and specially in a country like India where people are crazy about the gifts).

Marketing: IPL is using every kind of marketing strategy from traditional medium to latest social media tactics. You name it and they have it. So let’s try to list some of them:

(Note: we are specifically dealing with the latest marketing activities adopted by them)

The collaboration with Youtube to stream the videos

Coming out with an official ipl website

Wikipedia telling the people about IPL

 

IPL coming out with face book fan page for its viewers.


IPL YouTube Social Media Promotion Banner Ads

IPL Cricket Fan Club Website and blogs like All Padded Up

Orkut has come out with a doodle for IPL

All the above mentioned promotional schemes followed by IPL are online in nature. We covered this here so as to lay a backgound for Viral Marketing postwhich will be soon following this post. So stay tuned.

IPL hits the box office hard !!

Yes, this is what we have been hearing since IPL started 3 years ago.

But, on the other side of the coin actors are earning huge with appearances at IPL matches and the movie theaters earning high with match telecasts. Hence, the lone suffering parties left out are the production houses (barring Red Chillies who opted the idea to co-exist )

We need to figure this out and choose one side of the coin. First, I throw some light on the heading that IPL has actually hit hard on the box office. This holds true as in general, the success of the movies releasing on the box office determines the revenue that industry generates. With virtually no big banner movie releasing during the season, the success is far off to talk about.

This IPL season 3 the only movies released have been Well Done Abba’, ‘Hum Tum Aur Ghost’, ‘Mittal V/s Mittal’, ‘Prem Kaa Game’ and ‘My Friend Ganesha 3′,LSD, Right Yaa Wrong.

So, the main box office earnings have been by LSD (love,sex aur dokha) and atithi tum kab jaoge who have leveraged the situation

• these are low budget movies so that the investments are easily recovered with small earnings of around 6-7 crores.

• had no competitions from big banners so got their credits too, by acceptable occupancies of 20-30%.

• would have gone un-noticed amongst the biggies, if were not released during this period.
  

Even the coming month has nothing much to cheer for the movie buffs as they have to settle with small banner movies Paathshala, Phoonk-2 and Prince.

Apart from this even production houses have agreed to the fact that releasing big banners around 8th week of IPL is mere foolishness so all have pocketed their money till IPL ends.The reason have been the past 2 years which have seen real beatings on the box office.

• 2009 was a black list season for bollywood with the combined effects of the economic slowdown, elections, strike by producers and IPL.So, the industry faced a delay of around 25 films costing around 150 crores to industry.

• 2008, the first season was the one which gave them the hint to the storm that was about to hit the industry and hit it hard.

So, the market understanding says 'during IPL big budgetflicks take a side and allow for free playing grounds for low budget to compete and gather their collections and recognitions'