NBC Common-owned hayu, the most recent over-the-top (OTT) streaming platform to enter India, mentioned it would goal a distinct segment however robust buyer profile within the nation by way of its American actuality tv sequence.
The service, which started with 8,000 hours of content material, will convey 1,000 hours of contemporary content material every year, and goal the 18-54 age group with a skew in direction of ladies, whereas more and more providing Hindi subtitles on its exhibits.
Media consultants mentioned the OTT market could also be maturing with such specifically- focused companies, however any new platform will likely be restricted in viewers enchantment with out providing native language content material.
“We now have been finishing up market analysis in India for over a yr now as a part of which we spoke to numerous ladies and realized that there’s a vital base that may take into account a US actuality TV service,” Hendrik McDermott, managing director, direct-to-consumer, international at NBC Common, mentioned in an interview.
The platform is presently current in 29 international locations, together with the UK, Australia and Eire, and has been in search of growth alternatives, McDermott mentioned, including that the platform would, nevertheless, choose to deal with a single style.
Reveals akin to Conserving Up With the Kardashians, The Actual Housewives, Prime Chef, Million Greenback Itemizing and Household Karma, amongst others, will likely be out there on the service, with new episodes being added on daily basis and older seasons being streamed as nicely.
The platform has a 90% skew in direction of ladies, particularly these belonging to the 18-54 age group and even these barely youthful. A 3-month subscription to hayu prices ₹349 and an annual membership prices ₹999.
The corporate will deal with content material distribution and never manufacturing in the mean time, McDermott mentioned, explaining why there are not any plans for native Indian originals but.
“We now have entry to a number of the world’s largest franchises and we need to deal with bringing these to completely different markets and including to our libraries,” McDermott mentioned.
A media analyst mentioned whereas international OTT gamers akin to hayu and Lionsgate Play have both launched within the nation or are exploring akin to WarnerMedia-owned HBO Max, the technique to stay area of interest is deliberate.
“They’re taking a look at India as some sort of mid-sized European nation the place they don’t actually need to go the entire hog. There may be recognition that content material and expertise prices are solely escalating and that could be a endless recreation,” the analyst mentioned, requesting anonymity.
A median smartphone consumer in India downloads as much as three OTT apps, so it’s unlikely that too many individuals will join a service for Hollywood movies or international exhibits, the analyst mentioned.
“Pricing too is a matter and platforms can’t slash them past some extent,” the individual mentioned.
The analyst identified that consolidation within the fragmented OTT market remains to be a while away and, until then, new and area of interest video streaming apps will emerge, lots of which may profit from bundling with telecom packages or aggregators like Amazon Prime Video, which hosts companies akin to discovery+, Hoichoi, Eros Now and Lionsgate Play on its platform.
McDermott mentioned hayu had launched a 360-degree advertising marketing campaign in India to create model consciousness, together with print, tv, out of doors, on-line video and collaborations with influencers.
“It has solely been a couple of days, however we see extra engagement and uptick from the Indian subcontinent than we do from many different areas,” he mentioned. Live Mint