Bring out the billboards
Last year was marred by the European crash and with the overall world economy limping, clients had cut their ad spend and outdoor too was not spared. This must have been the first year in a long time when there has been a reduction in the head count in the OOH industry and assets with owners’ phone numbers have been seen more regularly than earlier years, more so in Mumbai than other markets.
Though outdoor was an area of concern, retail and activation business did get a fair share of growth, better than last year, in a sluggish economy. The major reason for the same is that a direct correlation to sales can be established through these media. But for outdoor, as there is no ROI (return on investment) equation or formula, it gets relegated to the position of a residual media rather than a planned media and is therefore overlooked at the time of budget cuts.
Media Research Users Council (MRUC) has embarked on a new Indian Outdoor Study (IOS) with a very competent team and, hopefully, resources, so that the outdoor industry can prove to brands that their investment yields result from outdoor media and it doesn’t remain just emotional acceptance of outdoor media efficiency. 2013, we all hope, will be much better than 2012 and outdoor will see better traction with brands. 2013 looks bright for all the three businesses of
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