TV9 Network has announced the appointment of Raktim Das as COO of Studio9. He will be responsible for driving the convergence of TV and digital revenues with focus on branded content innovation.
In his new role, he will set up an independent profit centre that will design and monetise Web+TV custom content products across multiple language platforms. He will build talent relationships and strategic partnerships for nurturing new growth avenues.
The network had in June made some strategic leadership moves, including the promotion of former President Sales, Vikram K., as COO South to drive the group’s flagship channels TV9 Telugu and TV9 Kannada. Amit Tripathi was brought on board from Network 18 to serve as the new Chief Revenue Officer.
In his last role as Executive Cluster Head, Innovation Studio and Custom Content at Zee Entertainment Enterprises, Das collaborated with leading brands to co-create many award-winning content campaigns.
Commenting on the appointment, Barun Das, CEO, TV9 Network, said, “Studio9 is a concept that will enable the convergence of traditional TV and digital in our network. Digital is the future – Hindi and regional news will certainly make a transition from traditional TV to web format. This convergence in revenue is of extreme importance. Studio9 will also work with clients to develop creative solutions for their communication challenge. Das is certainly the best in the industry to build it from scratch.”
He said, “I expect the M&E industry to drastically change the way it conducts business in the post-Covid world. Those who will adapt to solution-driven models in business, with the infusion of the right technology, will lead the revival. While the broader economic environment will be highly challenging, the television news industry will possibly be better off compared to other genres.”
It will offer innovative business solutions to clients, design platform-agnostic content to weave brand stories and sustain meaningful conversations with consumers, curate television special shows, enable digital activations, and develop IPs that align with the marketing objectives of clients. In doing so, Studio9 will bring together some of the finest professionals in the industry with proven expertise of having created pioneering, benchmark-setting initiatives, and managing leading content platforms.
Raktim commented, “I am looking forward to be part of the TV9 family. I see a huge opportunity for growth in the language markets as 9 out of every 10 new internet users in India are likely to be Indian language users. In the new normal, when we are all managing tight business situations, clients and agencies are looking for compelling solutions that are woven around smart innovation to enable purpose-driven, meaningful brand engagement. Ultimately, driving cross-screen engagement will provide the edge to brands”.
Barun said video content across linear TV and digital platforms will converge before completely shifting to the digital model. “Our digital business model will centre around 3Cs: content, context, and commerce. To me, the digital content business is as much a tech business. Technology is a differentiator and not an enabler. Then comes the ability to innovate as per changing viewers taste.”
The network comprises four regional language leaders in TV9 Telugu, TV9 Kannada, TV9 Marathi and TV9 Gujarati, and the national Hindi news channel TV9 Bharatvarsh, which has earned a place for itself in the league of the Top 5.