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Pikturewale
Achintya Gupta | Varun Parwal | Rama Aditya Akella | Puneet Gupta
                                        Indian School of Business
Context
Short movie market

                  7% of all videos on YouTube are either
                 films or animation videos. 80% of them
                       are < 15 minutes in length (source)



64% of online video is consumed at work.
13% of this content are short films (short
movies, TV shows) – (source)
Short movie market
                  College Humor , a short film channel
                 on YouTube has 3 million+ subscribers.
                  The viral fever , an India based short
                     film channel has 3 million+ views

Production houses like Pixar make short
films and currently use YouTube to
promote them

                Movieola – a niche short film channel in
               Canada generated $2.3 million in revenue
                                          in 2011 (source)
Opportunity
Even with a huge market potential
, today , there is no popular online
destination that leverages short
movie market in a way that both
movie viewers and movie makers can
be benefitted
Stakeholders and their unmet needs




    Content Viewer          Content creator              Content promoter
 [Current consumers              [movie                     [production
   of short films on       makers, students of           house, local brands
 YouTube, enthusiasts        movie making]                looking for ads /
  and their friends]       They want their                    videos]
 Interested in            creation to beseen moviechannels onto get
                                           Short         They want YouTube
 watching short            by lots of people on         best talent for
                                           like College Humor Show and Q -
 movie content but         a relevant platform get millions of hitsad
                                           tiyapa       their movie /
 feel it is not easy to                                 production
                           They want to  Enormous amount want best is
                                                       They of content
 find artists on           connect to like created by artists, art their
 YouTube                                                content for
                           minded people students, ad film makers,/ movies
                                                        promotions niche
What we learnt from our primary research
         [with content creators]

‚ The industry needs                    ‚There is definitely a
such a platform to                      demand for shorts
promote budding                         films not just in India
artists. But then you                   but globally. There
need to ask yourself                    are properties like
why will someone                        ‘culture unplugged’
put content here‛                       and ‘karmatube’ in
     -Ayush Rajvanshi                   short movie market.
 (short film maker)                                    -Nitin Das
                                            (Short film maker)
Key Insights
There is definitely a need and demand for such a property in short movie
space
The property should have reasons for content creators to create content
and viewers to come back again
 It should be differentiated from YouTube, Vimeo and some niche short movie
Product
What is Pikturewale
• Short movie broadcasting platform
  that helps movie makers showcase
  their creations and movie lovers
  discover the best content
  – Online community of movie film lovers
    built around passion for short film
    format
  – Recommends best content to visitors
    based on their choice of genre, past
    preferences and what others like them
    have liked / voted on the site
  – Recognizes and rewards best content
    creators in the community based on the
Pikturewale for web

 Users can come to
the site to enjoy free
and uninterrupted
content (no ads)

They can choose the
genre
[humor, , animation, a
ds, regional] and best
content would be
recommended to
them

Profiles, forums
and connections to
Pikturewale for tablet

 Movie discovery at
your finger tips

Has      all     the
functionality     and
product attributes of
the website designed
for the ipad to make
the experience good

 Fluid       width
design,     Adaptive
CSS,    and   HTML5
integration to suit
your tablet’s design
Pikturewale for mobile

 With the penetration
of mobiles and
smartphones
proliferating in
India, Pikturewale for
mobile has been
designed to meet your
basic functionality of
the website

 A calendar app
specifically designed
for mobile and tablet
based usage will be
available for
Stakeholders and how the platform impacts
                their life




  Content Viewers          Content creator            Content promoter
                                                         [production
 Now they gets to       Gets a community of           house, brands
 enjoy the best short    likeminded and                looking for ads]
 films based on          passionate people to
 recommendations         showcase talent
                                        Short movie  Gets a platform
                                                      channels on YouTube
 from community and                                    where he can find
                                         like College Humor Show and Q -
 the type of content     Gets to support his
                                         tiyapa get millions of hits best
                                                       talent, get the
 they want               future projects [             upcoming movie
                         more in upcoming              makers for future
                                        Enormous amount of content is
Their experience is     slides on       created by artists, movies and
                                                       ads / art
 not interrupted by      ‘Pikturewale students, ad film makers, niche
                                                       launch contest to
How will Pikturewale
           make money?
 Pikturewale
projects
1. Brands/ local
   businesses can post
   projects on
   Pikturewale to
   crowd source ideas
   for ads
2.Content creators
  can sign up for
  projects, submit
  ads/ storyboards /
  ideas
3.Brands chose the
How will Pikturewale
          make money?
 Pikturewale
 featured videos:
 Content creators can
 post short films for
 free but if the want
 to promote their
 content and get more
 eyeballs, they will
 have to pay a
 premium
marketing
    How are we                     managers say
  different from                           about
  YouTube / Vimeo                  Pikturewalle
                              ‚ As a marketing manager, , I will
 Niche – focused at short
 movie format
                                        projects
                               definitely be interested in such a
                              platform that can give me new ideas
                              and talent. Brands have smaller
Community – focused at       budgets for local promotions and
 connecting like minded       such platforms can be tried there.
 movie enthusiasts            Moreover , a brand typically spends
                              30 lakh – 1 crore on ads / videos.
                              Artists and ideas recruited from
Specialized – focused at
                              here will be way more economic‛
 getting artists as content   ‚This is surely a good idea. Even
                                      - Neetika Chaudhari ( ex – brand
 creators                      though creating campaigns through
                                 director , global fast food major)
                               crowdsourcing is a novel concept in
 No ads – focused at movie    India, as long as you can create
                               quality internet campaign material
 watching as an experience     with minimal effort from the
                               client’s side, the idea has tremendous
                               potential‛
Marketing and distribution for Pikturewale
Target segments


              Content Viewer      Content creator           Content
                                                           Promoter
             Net savvy            Young ambitious film
Who are      appreciators of      makers who want to   Brands, local
they?        video content who    use digital          businesses
             currently go to      technologies to      , production houses
             YouTube, Vimeo for   showcase their       looking for new /
             watching short       content and connect  fresh campaign ideas
             movies but are       with like-minded     and talented movie
             looking for better       Short movie channels on YouTube
                                  people               makers
Adoption     content                  like College Humor Show and Q -
curve                                 tiyapa get millions of hits
                                  Mix of               Mix of
Where to     Mix of               innovators, early
                                      Enormous amount of content is
                                                       innovators, early
find them?   innovators, early    adopters and late
                                       created by artists, art and late
                                                       adopters
             adopters and late    adopters             adopters
                                      students, ad film makers, niche
Marketing mix


    Product                  Price                  Place              Promotion
Short movie           Site is free for        Content posting and   Phase 1 (Month 1-6):
broadcasting          viewers to view         viewing available     Awareness -
platform that helps   content and free for    free of cost on       Promotion focused
movie makers          creators to post        web, iOS and          on building
showcase their        content. There will     Android devices       awareness and trial
creations and movie   be no ad
lovers discover the   interruptions either.
best content                                  Plans to partner      Phase 2 (month 7-12):
                      Brand will pay Rs.      with reputed local    Engagement – Focus on
Builds a community    5000 to register        films festivals to    generating repeat
of short movie        their projects and      screen popular        visits, recommendati
lovers and            Rs. 10000 on            flicks on             ons, word of mouth
facilitates connect   selection of idea [on   pikturewale.com to    and conversations
between like minded   top on reward           their festival
More ideas on marketing the
         product
Phase 1 : Building Awareness
 Use Google, Facebook, Banner ads on other video websites to
  pull traffic
 Blogger put reach program – coverage in leading tech and media
  blogs like mashable, Pluggd.in etc
 Contest in colleges to build excitement and generate content

Phase 2: Engage users
 Partnership with local film festivals to screen best short films
  in festivals
 Offline movie screening events hosted by Pikturewale where
  movies are screened offline at public places and anyone can
  watch them. People can request for specific movies by logging
  on to the site.
Financial model
Rolling out the marketing
  Awareness ( 1-6
                  plan
                  Engage ( 7-12 Monetize ( 13-24
       month)
Focus exclusively on                month)
                            Once we have started              month)
                                                       Post building a strong
building awareness          receiving content for      user base, focus on
through                     the site, shift focus to   attracting brands to
College competitions       connecting with users      harness the creative
(college, city & national   Community screenings      power of our platform
level competitions)         Run feature programs on   Position as a highly
Online ads                 celebrated artists         creative, cost-effective
Develop compatible apps    Engage users through      advertising platform
across platforms            Facebook, LinkedIn and     Provide free competition
Server and hosting         other social forums        hosting service to ad
Maintenance and support                               makers, creative agencies
                                                       and brands
Marketing
                                                       B2B advertising
                                                       Business Development
The platform has strong ROI
                          potential – our ROI analysis
•We expect an initial investment of INR25 million
 suggests an impressive return on investment of 37%
 •We have a multi-layered revenue model for attracting brands to use
 our platform:
      •Charge a basic fee of INR5,000 for setting up creative contests only
      upon receipt of entry
      •Charge an additional fee of INR10,000 upon short listing of
      interesting entries
in INR unless otherwise mentionede     Year 1     Year 2     Year 3     Year 4     Year 5
Total •Provide consultancy services to the brands in setting up problem98,250,000
      Revenue generated             1,187,500  6,312,500 26,446,875 59,500,000
Cost breakdown
      statements for a fee
Cost of sales                       3,225,000  2,150,000  2,475,000  3,037,500  3,948,750

      •Provide access to premium listings and 166%
Sales & marketing costs
--- % of total revenue
                                    5,074,531
                                                   promotional services for42,969,600
                                              10,487,266 20,019,465
                                                               76%
                                                                    31,166,117
                                                                          52%   an44%
      additional fee
R&D costs
--- % of total revenue
                                                 315,625
                                                      5%
                                                          2,644,688
                                                               10%
                                                                     8,925,000
                                                                          15%
                                                                               19,650,000
                                                                                     20%
Miscellaneous costs                  1,659,906     2,211,521    3,374,170    3,420,362    3,518,876
Total operational costs              9,959,438    15,164,412   28,513,322   46,548,978   70,087,226
--- % of total revenue                                 240%         108%          78%          71%
EBITDA                               -8,771,938   -8,851,912   -2,066,447   12,951,022   28,162,774
% margin                                                                          22%          29%


See detailed financial model here
Challenges
Challenges

Seamless Streaming
How to build a seamless streaming experience for consumers
with limited internet bandwidth

Seeding
The initial content creator will want audience, the initial
audience will want content creators

Differentiation
From existing video channels [although a lot of our focus has
gone into creating a differentiation]

Monetization
How many projects / month should be posted on site to break

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ISB - Pikturewale

  • 1. Pikturewale Achintya Gupta | Varun Parwal | Rama Aditya Akella | Puneet Gupta Indian School of Business
  • 3. Short movie market 7% of all videos on YouTube are either films or animation videos. 80% of them are < 15 minutes in length (source) 64% of online video is consumed at work. 13% of this content are short films (short movies, TV shows) – (source)
  • 4. Short movie market College Humor , a short film channel on YouTube has 3 million+ subscribers. The viral fever , an India based short film channel has 3 million+ views Production houses like Pixar make short films and currently use YouTube to promote them Movieola – a niche short film channel in Canada generated $2.3 million in revenue in 2011 (source)
  • 5. Opportunity Even with a huge market potential , today , there is no popular online destination that leverages short movie market in a way that both movie viewers and movie makers can be benefitted
  • 6. Stakeholders and their unmet needs Content Viewer Content creator Content promoter [Current consumers [movie [production of short films on makers, students of house, local brands YouTube, enthusiasts movie making] looking for ads / and their friends]  They want their videos]  Interested in creation to beseen moviechannels onto get Short They want YouTube watching short by lots of people on best talent for like College Humor Show and Q - movie content but a relevant platform get millions of hitsad tiyapa their movie / feel it is not easy to production  They want to  Enormous amount want best is They of content find artists on connect to like created by artists, art their YouTube content for minded people students, ad film makers,/ movies promotions niche
  • 7. What we learnt from our primary research [with content creators] ‚ The industry needs ‚There is definitely a such a platform to demand for shorts promote budding films not just in India artists. But then you but globally. There need to ask yourself are properties like why will someone ‘culture unplugged’ put content here‛ and ‘karmatube’ in -Ayush Rajvanshi short movie market. (short film maker) -Nitin Das (Short film maker) Key Insights There is definitely a need and demand for such a property in short movie space The property should have reasons for content creators to create content and viewers to come back again  It should be differentiated from YouTube, Vimeo and some niche short movie
  • 9. What is Pikturewale • Short movie broadcasting platform that helps movie makers showcase their creations and movie lovers discover the best content – Online community of movie film lovers built around passion for short film format – Recommends best content to visitors based on their choice of genre, past preferences and what others like them have liked / voted on the site – Recognizes and rewards best content creators in the community based on the
  • 10. Pikturewale for web  Users can come to the site to enjoy free and uninterrupted content (no ads) They can choose the genre [humor, , animation, a ds, regional] and best content would be recommended to them Profiles, forums and connections to
  • 11. Pikturewale for tablet  Movie discovery at your finger tips Has all the functionality and product attributes of the website designed for the ipad to make the experience good  Fluid width design, Adaptive CSS, and HTML5 integration to suit your tablet’s design
  • 12. Pikturewale for mobile  With the penetration of mobiles and smartphones proliferating in India, Pikturewale for mobile has been designed to meet your basic functionality of the website  A calendar app specifically designed for mobile and tablet based usage will be available for
  • 13. Stakeholders and how the platform impacts their life Content Viewers Content creator Content promoter [production  Now they gets to  Gets a community of house, brands enjoy the best short likeminded and looking for ads] films based on passionate people to recommendations showcase talent  Short movie  Gets a platform channels on YouTube from community and where he can find like College Humor Show and Q - the type of content  Gets to support his tiyapa get millions of hits best talent, get the they want future projects [ upcoming movie more in upcoming makers for future  Enormous amount of content is Their experience is slides on created by artists, movies and ads / art not interrupted by ‘Pikturewale students, ad film makers, niche launch contest to
  • 14. How will Pikturewale make money?  Pikturewale projects 1. Brands/ local businesses can post projects on Pikturewale to crowd source ideas for ads 2.Content creators can sign up for projects, submit ads/ storyboards / ideas 3.Brands chose the
  • 15. How will Pikturewale make money?  Pikturewale featured videos: Content creators can post short films for free but if the want to promote their content and get more eyeballs, they will have to pay a premium
  • 16. marketing How are we managers say different from about YouTube / Vimeo Pikturewalle ‚ As a marketing manager, , I will  Niche – focused at short movie format projects definitely be interested in such a platform that can give me new ideas and talent. Brands have smaller Community – focused at budgets for local promotions and connecting like minded such platforms can be tried there. movie enthusiasts Moreover , a brand typically spends 30 lakh – 1 crore on ads / videos. Artists and ideas recruited from Specialized – focused at here will be way more economic‛ getting artists as content ‚This is surely a good idea. Even - Neetika Chaudhari ( ex – brand creators though creating campaigns through director , global fast food major) crowdsourcing is a novel concept in  No ads – focused at movie India, as long as you can create quality internet campaign material watching as an experience with minimal effort from the client’s side, the idea has tremendous potential‛
  • 17. Marketing and distribution for Pikturewale
  • 18. Target segments Content Viewer Content creator Content Promoter Net savvy Young ambitious film Who are appreciators of makers who want to Brands, local they? video content who use digital businesses currently go to technologies to , production houses YouTube, Vimeo for showcase their looking for new / watching short content and connect fresh campaign ideas movies but are with like-minded and talented movie looking for better  Short movie channels on YouTube people makers Adoption content like College Humor Show and Q - curve tiyapa get millions of hits Mix of Mix of Where to Mix of innovators, early  Enormous amount of content is innovators, early find them? innovators, early adopters and late created by artists, art and late adopters adopters and late adopters adopters students, ad film makers, niche
  • 19. Marketing mix Product Price Place Promotion Short movie Site is free for Content posting and Phase 1 (Month 1-6): broadcasting viewers to view viewing available Awareness - platform that helps content and free for free of cost on Promotion focused movie makers creators to post web, iOS and on building showcase their content. There will Android devices awareness and trial creations and movie be no ad lovers discover the interruptions either. best content Plans to partner Phase 2 (month 7-12): Brand will pay Rs. with reputed local Engagement – Focus on Builds a community 5000 to register films festivals to generating repeat of short movie their projects and screen popular visits, recommendati lovers and Rs. 10000 on flicks on ons, word of mouth facilitates connect selection of idea [on pikturewale.com to and conversations between like minded top on reward their festival
  • 20. More ideas on marketing the product Phase 1 : Building Awareness  Use Google, Facebook, Banner ads on other video websites to pull traffic  Blogger put reach program – coverage in leading tech and media blogs like mashable, Pluggd.in etc  Contest in colleges to build excitement and generate content Phase 2: Engage users  Partnership with local film festivals to screen best short films in festivals  Offline movie screening events hosted by Pikturewale where movies are screened offline at public places and anyone can watch them. People can request for specific movies by logging on to the site.
  • 22. Rolling out the marketing Awareness ( 1-6 plan Engage ( 7-12 Monetize ( 13-24 month) Focus exclusively on month) Once we have started month) Post building a strong building awareness receiving content for user base, focus on through the site, shift focus to attracting brands to College competitions connecting with users harness the creative (college, city & national Community screenings power of our platform level competitions) Run feature programs on Position as a highly Online ads celebrated artists creative, cost-effective Develop compatible apps Engage users through advertising platform across platforms Facebook, LinkedIn and Provide free competition Server and hosting other social forums hosting service to ad Maintenance and support makers, creative agencies and brands Marketing B2B advertising Business Development
  • 23. The platform has strong ROI potential – our ROI analysis •We expect an initial investment of INR25 million suggests an impressive return on investment of 37% •We have a multi-layered revenue model for attracting brands to use our platform: •Charge a basic fee of INR5,000 for setting up creative contests only upon receipt of entry •Charge an additional fee of INR10,000 upon short listing of interesting entries in INR unless otherwise mentionede Year 1 Year 2 Year 3 Year 4 Year 5 Total •Provide consultancy services to the brands in setting up problem98,250,000 Revenue generated 1,187,500 6,312,500 26,446,875 59,500,000 Cost breakdown statements for a fee Cost of sales 3,225,000 2,150,000 2,475,000 3,037,500 3,948,750 •Provide access to premium listings and 166% Sales & marketing costs --- % of total revenue 5,074,531 promotional services for42,969,600 10,487,266 20,019,465 76% 31,166,117 52% an44% additional fee R&D costs --- % of total revenue 315,625 5% 2,644,688 10% 8,925,000 15% 19,650,000 20% Miscellaneous costs 1,659,906 2,211,521 3,374,170 3,420,362 3,518,876 Total operational costs 9,959,438 15,164,412 28,513,322 46,548,978 70,087,226 --- % of total revenue 240% 108% 78% 71% EBITDA -8,771,938 -8,851,912 -2,066,447 12,951,022 28,162,774 % margin 22% 29% See detailed financial model here
  • 25. Challenges Seamless Streaming How to build a seamless streaming experience for consumers with limited internet bandwidth Seeding The initial content creator will want audience, the initial audience will want content creators Differentiation From existing video channels [although a lot of our focus has gone into creating a differentiation] Monetization How many projects / month should be posted on site to break