How ShemarooME is carving its identity in the crowded OTT space
Rahul Mishra, Head of Marketing & Communications at ShemarooME part of Shemaroo Entertainment, speaks to Research NXT about marketing in the OTT streaming media space. We discussed the shift in terms of customer experience and personalization and the impact of technology on marketers. Rahul explains Shemaroo’s go to market strategy for its OTT platform ShemarooMe. He discusses the importance of using technology to make customers experience better and talks about the need to develop a brand association in a battle for customer attention. He also shares how Shemaroo has tried to develop deeper relationships and be empathetic to customer needs amid a surge in usage, due to the lockdown.
You’ve been in the media and entertainment broadcast industry, and now in the OTT space. What are your observations of how marketing has evolved in this industry and the direction it’s taking?
Rahul Mishra: I have spent over a decade in the marketing function for media and entertainment companies. I spent a lot of time on the news side of it, where I have seen early success stories on the digital front as well. One of the early movers on digital content was news and I learned the power of digital as a publisher. Then I worked with mainstream broadcast brands to eventually now working with Shemaroo, where we operate both broadcast and OTT as well. The kind of shift as marketers in media we have seen in the last five to six years has been mind-boggling.
With the advent of OTT, we have seen, for the first time, marketers in the media industry moving away from the term ‘audience’, to now using the term ‘customers’. That is a big shift that we are seeing right now. If you are to define an audience, it is an assembled spread of spectators or listeners at a public event or watching something together. However, the customer is somebody who buys something from you directly. That has happened very rapidly in entertainment. From a broadcast mindset where you will be sending out one piece of content to watch together, now you are trying to personalize your offering, and talk to a customer so that the customer comes onto your platform and pays for it or spends time. That shift is also taking place in the way traditional media has been operating. Even the broadcast business is starting to refer to them as customers because customers are now paying for those television channels as well. This shift is very interesting to see.
Earlier I would look at basic audience demographics before I plan a marketing campaign or work with content teams on a content idea. Now we are moving more towards buyer personas. So, it’s different from typically how we would target audiences. When you target audiences, you will define a crowd or a set of customers. But when you create buyer personas, you create archetypes of individual customers – go deep into what their thought process or buying process is. Then you can determine how to market to each of them effectively.
Earlier in a broadcast set up, you would have, say, four to five consumer cohorts for audiences I want to talk to – young, urban, rural, etc. But now the number of consumer cohorts we are creating, thanks to the data and technology available to us, and specifically marketing to those audiences, and this customized approach is very interesting.
Overall that’s the major shift I’m seeing right now – how we are moving away from mass dissemination to personalization, in the media industry.
Shemaroo has been around for a very long time with such a large content library. What kind of distribution and partnerships are you focused on – what is the go-to-market strategy for the OTT platform in different markets? What type of data are you using to determine things like pricing, content promotion?
Rahul Mishra: To give you a quick background, Shemaroo has been in the business for over 57 years now, and we have been pioneers in getting Bollywood to people’s homes. VHS is what took Bollywood to people’s homes for the first time, and we were pioneers in that. Then we evolved as technology changed and as content preferences changed in India, from VHS to new formats like DVDs, Blu-ray, going to digital, and finally, the OTT avatar we are in right now.
In the last decade, Shemaroo was operating as a business to business brand. Because it was working with multiple partners, be it broadcast, OTT players, digital platforms, and telecom providers – we were enabling their content requirements very well. So when we entered OTT, we knew we had to ensure that business is secure.
We were the 34th player to enter the OTT space in India, so the question is why did we launch our OTT? Because we have a great understanding of the Indian audience, as one of the oldest media organizations which continues to thrive and entertain Indians. True to our tagline which is “India Khush Hua.” We knew that when we enter the OTT space, we have great content to offer – content from Bollywood and curated regional content to niches like devotional, which are emerging as popular content buckets.
But at the same time, we also must ensure that while we build a consumer journey, we also secure our b2b business. To do that, when we launched, our initial focus was to ensure that we still work with all the partners in the ecosystem. It is a journey we have started, and we did some amazing partnership and built a strong model.
Within a year of launching ShemarooME, we had partnerships with most telecom players in the country, and with OEMs. We did partnerships with large audience websites like Ixigo, where consumers are coming to do a transaction and to increase engagement Shemaroo could provide video content there.
There are many such unique partnerships we have forged over the last year, including international partnerships and taking Shemaroo to different countries through alliance.
For the last 12-14 months, the product also was also evolving. As you know, these products take time for machine learning to set in – you need large sets of data to come in and make it work. We used this time to understand our end consumers, partners, and partner’s consumers. That was the go-to-market strategy initially, and as we are securing that, all times as we keep evaluating the consumer business.
How does data help us in all of this? For Shemaroo, the term big data may not apply to us as much at this stage, because we are not playing with the volume of data, like an Amazon or Netflix. But we have a great sense of understanding the data and making it useful for ourselves. That is something we are doing very well.
Data comes to us in various formats, including content data on how a piece of content performs. As an example, – how does a piece of content perform in a theater? What was the revenue, the outcome, and how content was performed on a TV channel vs. an OTT platform? We capture all of that and use it for better buying decisions of content. So a combination of all that is what we use data for, and it’s still fairly early days for me to comment on how much does data helps us in all aspects of an OTT – which is pricing, content, and advertising.
OTT leaders like Netflix pioneered using AI-driven personalization to boost user engagement and retention on their platforms. What’s your approach towards personalizing the experience, and what tools are you using?
Rahul Mishra: Investment in technology and AI-driven personalization is the buzzword right now, companies are making sizable investments in it. The reason why we do it is to make it convenient for customers. Not only Netflix, but many organizations are using AI very well. Large organizations like Uber and Ola do a high level of personalization to ensure that the customer journey is as smooth as possible.
You also notice that the overdoing of personalization can cause a bit of retaliation from the customer. It could be around privacy or around not getting to see other parts of what the brand has to offer. Even Netflix has started to offer the top 10 in every region, and the reason they have done it is that customers want to know about things beyond their interests and requirements. A good balance is what we need to have, keeping the customer in mind always.
As marketers, we should use technology to make consumers’ lives better, I think that is something that every organization, including OTT platforms, should adopt.
Most of our tech stack at present is around marketing automation. We have built some of our stacks through the app developer, and apart from that, we work closely with Netcore. Though we also use attribution and programmatic tools.
How are we seeing OTT platforms enabling marketers or brands with video-based content?
Rahul Mishra: With the lockdown, people essentially had two screens at hand – a TV screen and a mobile screen. These became the two most important outlets for any brand to reach consumers. In the absence of outdoor and reduced print or other options, these became the only options available, and I would say many brands have used it very well. For brands to create segmentation, geographic, and psychographic, OTT is great. Brands that are looking at impact and reach have benefited greatly by partnering with OTT platforms for advertising.
The second part is that OTT platforms can incorporate the brand story very well because they are in the business of storytelling. It is somewhat in the range of content marketing, and that’s another opportunity which OTT players offer many brands, as against broadcast or more mass dissemination media outlets with limited personalization. So that is the real benefit of OTT platforms.
The Indian OTT space is booming, and there are many different types of OTT platforms, producing different kinds of content. There is this battle of gaining consumer attention, so how are marketers leveraging technology to do that?
Rahul Mishra: I think every marketer is using technology to get customer attention. Technology is here to stay, and the sooner we adopt it, the more benefit we can extract for our brands. For OTT players, technology needs to identify the overlap between good content and the consumer set that will appreciate it.
At Shemaroo, we run multiple consumer-facing businesses, so let me share an example of how we use technology even for what is considered a traditional business. We recently launched our Hindi GEC TV channel – ShemarooTV, on May 1st, 2020 in the lockdown. We did a very interesting partnership with Facebook, where we were simulcasting our TV channel on Facebook to build higher loyalty with our Facebook fans, and it gave us a bit about 1.6 million views! So we’ve taken a traditional medium onto a technology platform, and that is boosting both platforms at the same time.
We have data that many people watched the channel on Facebook, but I’m sure many people from Facebook probably went on to ShemarooTV and watched content there. So these fans sampled our content, followed us, and saw our simulcast on Facebook, and we engaged with them and got them to watch us on television as well.
During the current lockdown, OTT apps have witnessed a surge in terms of usage, as you’ve already mentioned. How have you been able to respond and calibrate your marketing communications for the current pandemic and be still empathetic to users who are on your platform
Rahul Mishra: Streaming services, not only in India but around the world, have been capitalizing on the increase of subscribers they have seen due to lockdown. What we discuss right now within Shemaroo is that we hope this passes off soon and things return to normalcy. However, at the same time, it is bound to happen that our viewership and subscriber numbers will fall as people start to resume their day to day activities, including socializing and going out for work. How can we still play an important role in a consumer’s life is a question we keep asking ourselves? How can we ensure that subscriptions are renewed, and we are still having good engagement with the platform?
To stand out, we are looking at various ways to retain our customers. It could be on the back of differential content offerings, differential models of subscriptions, etc. It is also critical for us as an organization to have a deep understanding of the content preferences each of our consumer cohorts have. Understanding the product requirements well, changing the product requirements as required, and adapting to changes for consumers like payments, subscription plans, etc.
During the lockdown we wanted our OTT platform to have a connection with the customers as well, more than just be a content platform. We are confident about our content, and if we can couple that brand love, we are sure audiences will continue to renew and come back to us, and also bring new customers to us.
So we did a series of exercises for that, like with a partnership with India’s leading medical services app- DocApps, which offers online medical doctor services. Now our customers don’t have to step out of your house – through their phones, one can have a video chat with doctors. So we did a partnership with DocApps, where we were offering ShemarooME customers a DocApps subscription worth 999 for free. To ensure that our audiences are also worried about what is happening, apart from being entertained, they know what is happening on the outside in terms of any COVID related information. They could actually use the DocApps subscription; they’re getting almost free with our subscription.
We also realized because of the lockdown of temples; people’s devotional needs were getting disrupted. So, we tied up with over more than 15 major temples and offered live streaming of those temples to our customers on ShemarooME so that they can continue their daily routine of visiting a temple, only this time virtually but live.
A lot of small initiatives as well – like when you click on ShemarooME, the first pop up will ask you to ensure you wipe your screen and be safe and healthy, just as a reminder for people, as they continue to engage more with ShemarooME.
So at a brand level, we’ve played a couple of roles, and on the content side, we have tried to make more content for our audiences. We have created interesting comedy movie buckets for family viewing. We also did a campaign – “Ab rumor nahi, humor phailega.” Essentially we tried to educate consumers that don’t go around spreading rumors, rather watch some interesting comedy films and stay calm during the lockdown on ShemarooME.
We did a series of such activities to ensure that our audiences engage, and new audiences that come to us are also engaged.