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MTV
MTV
Presented By: Sumeet Naug - V3045 Manpreet Singh V3020 Nilanjana Bose V3022 Gagandeep Singh V3014 Paranjeet Singh V3024
INTRODUCTION
MTV Networks has become a symbol of Globalization. Adopted right International strategies and controls at the right time to regain its lost popularity, especially in non-English speaking countries like Asia and Europe. The rationale behind MTV's LOCALIZATION STRATEGY is to get inside the heads of the local population and produce programming that matches their tastes and preferences.
Brand Resonance
Resonance can best be explained by using the example of a playground swing. When one pushes a swing at the right time, place and force, the amplitude of the swing is increased, reaching new heights. To extend the analogy, the frequency of the swing can be compared to the natural frequency of a market, and the frequency of the push can be related to the marketing and advertising efforts in behalf of a brand. When the brand frequency equals the market frequency, the amplitude and size of the market itself will increase with those of the brand.
Problems
MTV was unsuccessful in building a Brand Resonance initially.
CONTD
The cable advertising market was slowing, with more advertising dollars shifting to the Internet, where MTV was not as strong. Males and other individuals were experiencing a disconnect with the channel due to focus on teenage girls. When something becomes too popular, it goes out of vogue with teens. The show The Osbournes was a hit for initial two seasons, but could not sustain the same viewers response in the next season.
Implementation Steps
MTV should not disconnect itself from the core value of music T.V. They should not overstretch a particular show or a new programme . Every programme has its limited time so they have to keep innovating. Keep the pulse of viewer. Music T.V. has to be redefined for each generations.