The Indian film industry has been going through a sea change in its attitude. Multiplexes are fast dotting up the metros and are slowly realizing the potential of even the smaller areas. Today, there are far more avenues to make money out of a movie than just its box office earnings. DVD releases, music launch, merchandise, overseas distribution rights etc all form a part of the earnings. This has been a slow process which has taken off only recently.
For a long time, producers had been inconsequential in the marketing of films to consumers, which often resulted in many good films failing to do well. But with the entry of satellite TV and foreign films into the domestic Indian entertainment market, it is becoming increasingly difficult for the Bollywood films to earn the numbers it used to. Also, with the industry's international profile getting a boost, a number of Bollywood production companies have started taking marketing of their films seriously.
At its core, a movie is just a concept and its marketing is akin to being a prototype of the concept. The movie promos and publicity try to form an image or perceived quality' of the movie in the minds of the consumer. It tries to convey to the consumer, what sort of quality and attributes the movie will have. Here, it competes with prototypes of other movies in the customer's mind space and in the process hopes to sell the product in the future by extracting a promise to buy'. The function of marketing is not that of simply launching' the film, although the launch plan is very crucial. A well developed research, marketing and feedback system can be beneficial to a film throughout the entire process from generation of ideas to post release period of the movie.
While selling a product, it should be kept in mind that who' you are selling the product is as important as what you are selling. Hence, proper targeting and communication is a very important component of the entire marketing plan. Also, targeting psychographic segments can help to communicate the idea faster, thus helping the film to succeed. Further, it is important that some demographic groups (women, youngsters etc) must be targeted since these have a lot of say in the consumer behaviour of an entire group. About 70% of the buying decisions are made by women and 36 % of the population in our country is between the age group of 5-25 yrs. This data itself gives an idea of the enormous potential segmentation has as far as marketing is concered.
As of now, movie marketing is just focused on getting the audience out on one weekend. And by using the right tactics, if the producer's manage to create hype about the movie and then cash on it. A large share of the credit of a hit today goes to the marketing whizkids in the production companies. In fact, a number of B-school graduates are being hired by big production companies to take care of the marketing of their movies.
Since today's young audience is very receptive of new technological advancements, movie marketing online is huge globally and is picking up in India as well. Marketing movies over the Internet offers advertisers a wide range of choices such as web sites design for movies, online reviews, video trailers, bulletin boards, email, etc. Still, its role will be tertiary or secondary at best when compared to traditional media.
With the satellite TV, television and imported foreign films making huge inroads into the domestic Indian entertainment market, it is becoming increasingly difficult for the Bollywood films to earn the numbers it used to. These losses in the domestic markets are now being balanced by the increasing returns from theatres in Western countries like the United Kingdom, Canada, and the United States, where Bollywood is slowly getting noticed. This is because of the increasing number of Indians migrating to these countries. In addition to this, foreign audience for Bollywood movies in East Asian and...