18 June 2008

After IT crorepatis, digital ad crorepatis are here...

The digital ad business is going places -- and so are the people that make it happen. Here comes news that Quasar Media, incubated by Smile Interactive, has created seven crorepatis (For the uninitiated from outside India, that means those who earned more than 10 million rupees -- about $250,000 -- great money in India). The money comes from selling 75 per cent in the company to global giant WPP and early shareholders in the startup gained a lot, it seems.
Hmmm, that's neat money for Indian budgets, and also a nice sign that startup success is travelling outside the tech domain, though it must be said that this is technology-driven ad biz that we are talking about.
In the past, it is technology and softtware companies that spawned crorepatis, as companies like Infosys and iflex went public.
I think public recognition of the kind of money the staff made is also a nice way of luring scarce talent into the startup environment. Otherwise, people who do not make that kind of money are not the kind that talk about it.
Now, what does all this mean for content companies? I wonder.

2 comments:

Jeevika: South Asia Documentary Festival said...

Inviting Documentary

FILMS
for
SOCIAL CHANGE

Zoom in on a mode of living…

Give a voice to people’s struggles and triumphs…

Defend the basic human right of freedom to livelihood…

Economic Freedom

Capture social -cultural norms, legal - regulatory barriers that prevent people working in the vocation of their choice and send us.

ENTRY CLOSING ON: JULY 15, 2008

Prizes: Worth Rs. 2 lakhs
(Including support for advocacy campaign based on the film)

Apply now: www.jeevika.org or www.ccs.in

Entry Rules:
- Two DVD copies.
- Open to ALL filmmakers (student, amateur & professionals).
- Any language with English subtitles.
- No cut off date on entries.

Jeevika, a South Asian documentary film festival on the issue of livelihood, is a search for documentaries that focus on legal and regulatory restrictions as well as socio - cultural norms and religious practices that prevent or constrain people from earning an honest livelihood in the vocation of their choice. It is a part of an attempt to bring policies in focus which have not been liberalized and keeping entry level professions under License Raj, thus keeping a nation under imposed poverty. Livelihood is a common issue that touches all other issues including poverty human rights, governance, labour welfare, tribal rights, minority rights, women empowerment, health, globalization, privatization, environment, agriculture, hunger and many more.

For further details please contact:
Mr. Manoj Mathew
Phone: 91.11.2653.7456 (10am-6pm IST)
Log on: http://www.ccs.in/jeevika/index.html
Email: jeevika@ccs.in

CENTRE FOR CIVIL SOCIETY
K-36 Hauz Khas Enclave, New Delhi 110016, India
Phone: 91-11-2653 7456/ 2652 1882/ 2651 2347;
Web: www.ccs.in

Anonymous said...

Asia livelihood Documentary Festival. Call for Entry deadline: 30 June 2010
Download Entry Form [PDF | DOC]
www.jeevika.org