Saturday, October 26, 2024

IPRS Sustains Its Position As The 4th Largest Society By Revenue In Asia-Pacific Region As Per CISAC Global Collection Report 2024


* However low compliance and slow paid subscription growth restrict revenue potential

The Indian Performing Right Society Limited (IPRS) continues to solidify its position as one of the top four revenue-generating societies in the Asia-Pacific region, as indicated by the recently released CISAC Global Collections Report 2024. The report reveals record-breaking global royalty collections, highlighting significant trends in the Indian and Asian music markets. The report reveals that global music collections reached an all-time high of €13.09 billion, representing a 7.6% increase compared to the previous year. While the Indian music landscape continues to expand with promising digital growth, issues related to low compliance and the slow growth of paid subscriptions on streaming platforms continue to hinder the revenue potential for creators and publishers in the Indian music industry.

In 2023, IPRS’s total collections surpassed INR 500 Crores, with digital revenues accounting for 74.2% of this figure. This impressive digital growth, 493.6% over the last five years, reflects India’s evolving digital consumption habits. India is one of the largest consumers of music globally, with millions accessing music daily through multiple digital and streaming platforms. Despite this, the number of paid subscribers in India remains disproportionately low compared to other major markets. The reliance on free, ad-supported tiers significantly limits the revenue generated from streaming, creating a value gap for artists and rights holders.

Another critical concern highlighted in the CISAC report is the issue of fair value and low compliance with copyright and licensing laws in India. Many broadcasters, venues, events and digital platforms fail to adhere to licensing requirements, leading to delayed payments to rights holders and missed opportunities for revenue growth.

The low compliance rate is a major concern for rights management organizations like IPRS, which have been working to improve transparency and strengthen the enforcement of copyright laws. Ensuring that music creators receive fair compensation for the use of their work remains a top priority, but it will require more collaborative efforts between industry players and policymakers to bridge the gaps in the current system.

While digital streaming dominates India's music revenues, the live music industry too holds significant untapped potential. Live and public performances, including concerts and festivals, rebounded strongly in 2023, contributing to a 22% increase in global collections. India, with its rich cultural diversity and growing appetite for live entertainment, is well-positioned to capitalize on this trend.

However, the live music sector in India remains fragmented, with a vast number of organizers and venues across the country needing greater awareness and adoption of music licensing norms and best practices. Enhancing this understanding is essential to ensure that revenue flows equitably to the creators who form the foundation of the music ecosystem. While there is a broad exception in law for marriage-related events, where music usage does not require licensing, it is important to note that other live music performances still require proper licensing to ensure fair compensation for creators. IPRS is actively addressing this gap by promoting industry-wide compliance through its robust licensing network, aiming to diversify revenue streams beyond digital collections and support the thriving live music sector.

Commenting on the same Mr. Javed Akhtar, Chairman of IPRS said, “Our standing as one of the top revenue-generating societies in the Asia-Pacific region truly reflects the incredible creativity and talent that defines India’s music industry. While we are pleased with our growth in digital collections, there are important challenges that we must address, particularly around low compliance and adequate enforcement of copyright laws. We urge for greater support from the industry stakeholders and the administration to unlock the immense potential our music holds and solidify our position on the global stage.”

CISAC Director General Gadi ORON commented, “This Report gives a unique overview of the economic and cultural value of our global CISAC community. This year’s figures, for royalties’ collections by CISAC members in 2023, paint a positive picture of a healthy, stable and promising sector. Overall, collections on behalf of creators reached a new all-time high of EUR13.1bn, an impressive 7.6% increase. During the last five years, CISAC members have added over EUR3bn to the amounts they collect for authors and copyright holders. This, in itself, is a major achievement and shows the strength of the collective management system.”

Mr. Rakesh Nigam, the CEO of the Indian Performing Right Society Limited (IPRS), added, “We are proud of the progress IPRS has made, but we recognize that significant challenges remain. The low compliance rate in India is a serious concern, as it directly affects the earnings of our creators. We are committed to working with industry players to ensure that licensing agreements are properly enforced, and that creators are fairly compensated for their work. At the same time, we see the huge possibilities the live music sector holds, and by focusing on its growth, we aim to complement our already robust digital revenues.”

The CISAC report serves as a reminder that while India’s music industry is thriving, key challenges such as low compliance and a lag in paid subscriptions need to be addressed to ensure sustained growth. Industry stakeholders, music users, and government agencies must collaborate to create a more supportive environment for the music ecosystem.

As the industry moves forward, IPRS remains committed to advocating for creators' rights and promoting the Indian music industry on the world stage. By addressing the current challenges, the industry can unlock new growth opportunities and ensure that India continues to be a key player in the global music economy.

HCIL Expands Its Campaign For Preventive Replacement Of Fuel Pump In India


Honda Cars India Ltd (HCIL) informed that it has expanded its previously announced campaign to voluntarily replace Fuel Pump in 90,468 old units of its select models in India. Additionally, the campaign will cover 2,204 units of old models which have undergone this part change earlier as spare part. 

The fuel pumps installed in these vehicles may contain defective impellers, which could, over time result in engine stopping or not starting. The replacement will be carried out free of cost at HCIL dealerships across India in a phased manner starting from 5th Nov 2024 and the owners are being contacted individually.

The customers can check whether their cars are covered under this campaign by submitting their 17-character alpha-numeric Vehicle Identification Number (VIN) on the special microsite which has been created on the company’s website (www.hondacarindia.com).

Further, customers who may have bought Fuel Pump Assy from the Honda Cars authorised dealerships between Jun’17 ~ Oct’23 through over the counter sale, also may get check their vehicle through Honda Cars dealership.

Herbalife India Partners With IRONMAN 70.3 GOA 2024 To Empower Athletes


* Continuing a Successful Association for the Third Consecutive Year

Herbalife, a premier health and wellness company, community and platform has announced its partnership with IRONMAN 70.3 India, marking the third consecutive year of collaboration. This agreement underscores Herbalife's commitment to supporting athletic performance through premium sports nutrition.

The IRONMAN 70.3 event is a premier long-distance triathlon affiliated to the World Triathlon Corporation (WTC). It covers a total distance of 113.0 km, including a 1.9 km swim, a 90 km bike ride, and a 21.1 km run. The race will take place in the scenic backdrop of Goa, providing athletes with both an exceptional experience and a demanding course.

Herbalife will provide nutritional support to athletes during the event, ensuring they have access to the products needed for optimal performance and hydration. Through this initiative, Herbalife aims to promote exercise as part of a comprehensive approach to health and wellness, reinforcing the importance of nutrition in achieving sporting success or your wellness goals.

Panchali Upadhaya, Vice President – Sales, Marketing, and Associate Communications at Herbalife India, said, "We are truly honored to continue our collaboration with IRONMAN 70.3 India. At Herbalife, we believe in the transformative power of sports to uplift lives and create connections within our communities. Our passion drives us to support athletes and empower individuals, not just in their training but in their overall journey toward health and wellness. This partnership is a testament to our belief in the power of nutrition in helping everyone live their best lives.”

Deepak Raj, CEO of Yoska and franchise owner of the IRONMAN brand in India, added, “This long-standing association of Herbalife with IRONMAN 70.3 Goa is a testament to Herbalife's commitment to sports and sports nutrition to help athletes perform at their best. It aligns with the spirit of a globally renowned race like IRONMAN 70.3 Goa India and signifies a shared commitment to supporting sports enthusiasts and fostering a fitness culture across the nation. I would like to extend our heartfelt thanks to Herbalife for their continued support and partnership with IRONMAN 70.3 Goa, India.”

The profile of sports nutrition in India is rapidly increasing. The IMARC Group reports that the Indian sports nutrition market was valued at approximately USD 1.7 billion in 2023 and is projected to reach an estimated USD 3.1 billion by 2032. This growth is fueled by rising health consciousness, an increasing number of fitness enthusiasts, and a shift towards healthier lifestyles. Herbalife’s Sports Nutrition Portfolio ‘Herbalife24’ supports this trend by offering products designed to help athletes with recovery, hydration, and overall performance.

Herbalife sponsors over 150 athletes, teams, and leagues across the globe, supporting them with quality sports nutrition products at all stages of their training and competing. In India, Herbalife continues to support athletes like Virat Kohli (cricket), Smriti Mandhana (cricket), Lakshya Sen (badminton), Manika Batra (table tennis), Mary Kom (boxing), and para-badminton player Palak Kohli. Herbalife also supports major teams and sporting events including the Indian Olympics, Special Olympics and Commonwealth teams, IPL, Pro Kabaddi, Ironman 70.3 Goa 2024, and others. 

About Herbalife Ltd

Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed food products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life.

For more information, visit https://www.herbalife.com/en-in

Friday, October 25, 2024

Fastrack Launches ‘Afterhours’ Campaigns With Its First Sun Moon Chronographs For Men

 


* Fastrack’s new party collection with watches that keep the party going long after the festivities.

Fastrack, India’s go-to youth watch brand, is bringing fresh energy to the festive season with its latest “Afterhours” campaign. To capture the Afterhours vibe, Fastrack has launched the Opulence Collection—a chic party collection designed for those who want to keep ticking.

The collection comes in multiple style variants for both men and women, with a standout feature for men: Fastrack’s first-ever Sun-Moon chronograph. This unique design transitions seamlessly between day and night.

This campaign taps into those unforgettable moments that happen when the festivities end and the real party begins. We all love family traditions, but let’s be honest—the night gets real when it’s just you and your crew, the music’s still playing, and the afterparty kicks off.

The 'Afterhours' campaign celebrates those late-night stories—spontaneous dance-offs, deep conversations, and the moments that stay with you long after the night is over. It's about embracing the afterhours, where the night feels effortless, and the best memories are made.

For women, the collection features bracelet-style watches that easily go from family events to the afterparty. Whether you're catching up with cousins or partying with friends, these versatile pieces are the perfect plus-one—something to show off.

“We created 'Afterhours' for the generation that never calls it a night,” says Danny Jacob, Head of Marketing at Fastrack at Fastrack. “The campaign is all about the moments that define youth culture—the spontaneous fun, the real conversations, and the energy that keeps you going long after the official festivities are done. Our collection seamlessly transitions from day to night, making it the perfect accessory for both sides of the celebration.”

With prices starting from INR 5795/- this collection is accessible for everyone looking to elevate their festive game. You can find it at your nearest Fastrack store, shop online at Fastrack's official website, or visit Titan World and other authorized dealers across the nation.This festive season, own the afterparty with Fastrack—the ultimate accessory for unforgettable nights. When the lights go down, the fun is just getting started.

Why Women Need To Prioritize Iron Levels


By Anshul Jaibharat, Nutrition Advisor For Tata Salt Iron Health

Iron plays a vital role in many essential bodily functions, from carrying oxygen in the blood to supporting the immune system. However, iron deficiency remains a widespread nutritional problem, affecting women across the globe. Left untreated, it can lead to anaemia, causing fatigue, dizziness, and shortness of breath. For this reason, women must pay close attention to their iron levels to maintain both their health and physical performance.

The risk of iron deficiency is higher for women due to blood loss during menstruation. Those experiencing symptoms such as general fatigue, breathlessness, irritability, pale skin, and headaches should consider getting their iron levels checked. Simple tests for haemoglobin and ferritin, a protein that stores iron, can help detect deficiencies early.

Maintaining adequate iron levels is crucial for more than just physical energy. Iron is also essential for cognitive function and the immune system. Insufficient iron can weaken the immune system, making the body more susceptible to infections. Iron helps in the growth and maturation of immune cells, particularly lymphocytes, which are vital for fighting infections. Without enough iron, the immune system is compromised, and illness becomes more frequent.

Women who follow vegetarian or plant-based diets may struggle to get enough iron through food alone, as iron is more easily absorbed from animal products like meat, liver, and eggs. However, plant-based sources of iron, such as lentils, soybeans, nuts, spinach, and dried fruits like apricots and raisins, are excellent options. Combining these with Vitamin C-rich foods, like citrus fruits and bell peppers, helps improve iron absorption from vegetarian sources.

The data from the National Family Health Survey indicates a concerning trend in anaemia prevalence among adolescents in India, with rates among girls aged 15-19 rising from 54% in 2015-16 to 59% in 2019-21, while in contrast, boys are less susceptible that witnessed an increase from 29% to 31%. Hence, incorporating iron-fortified foods can be a practical solution. For instance, Tata Salt Iron Health provides 25% of the daily iron requirement per teaspoon, making it a convenient way to supplement iron intake. This fortified salt offers a simple solution for addressing widespread iron deficiency in a country where dietary habits often lack sufficient iron.

Recent studies have revealed a strong connection between iron deficiency and mental health. Individuals with iron deficiency or anaemia may experience various psychological symptoms, including anxiety, irritability, depression, and reduced cognitive abilities such as poor concentration.

Anaemia can significantly impair both mental and physical health, impacting an individual’s overall well-being. Therefore, everyone, especially women, should proactively manage their iron levels. A balanced diet, fortified foods, and regular testing can prevent the fatigue and health risks associated with iron deficiency, ensuring both peak physical performance and overall well-being. 

Yamaha Announces Exciting Diwali Offers On FZ Series, Fascino, And RayZR Models Across India


As India embraces the festive cheer of Diwali, India Yamaha Motor is delighted to offer special cashback offer along with Lower down payment schemes for its customers across the country. In keeping with the spirit of celebration, Yamaha’s Diwali offers bring attractive benefits on its popular 150cc FZ model range and 125cc Fi Hybrid Scooters, making this the perfect opportunity to own a Yamaha.

Diwali Offers and Schemes on Yamaha two-wheelers:

Cashback of up to INR 7,000 and low-down payment of INR 7,999 on FZ-S Fi Ver 4.0, FZ-S Fi Ver 3.0, and FZ Fi

Cashback of up to INR 4,000 and low-down payment of INR 2,999 on Fascino 125 Fi Hybrid and RayZR 125 Fi Hybrid

Yamaha’s diverse product portfolio includes premium motorcycles such as YZF-R3 (321cc), MT-03 (321cc), YZF-R15M (155cc), YZF-R15 V4 (155cc), YZF-R15S V3 (155cc), MT-15 V2 (155cc), and FZ series bikes like FZ-S Fi Ver 4.0 (149cc), FZ-S Fi Ver 3.0 (149cc), FZ Fi (149cc), and FZ-X (149cc). Additionally, Yamaha offers a range of scooters including Aerox 155 version S (155cc), Aerox 155 (155cc), Fascino S 125 Fi Hybrid (125cc), Fascino 125 Fi Hybrid (125cc), RayZR 125 Fi Hybrid (125cc), and RayZR Street Rally 125 Fi Hybrid (125cc).

Dozee Unveils Groundbreaking Study: AI-Powered Early Warning System Predicts Patient Deterioration Up To 16 Hours In Advance


* This Landmark Study, One of India’s Largest in Tertiary Care, Reaffirms Dozee’s Commitment to Solving Healthcare Challenges, Saving Lives, and Delivering Scalable, Affordable, World-Class Healthcare for All with Health AI.

Dozee, India’s Health AI leader, has unveiled the findings of a landmark study published in the internationally renowned journal Frontiers in Medical Technology. This journal is part of the prestigious Frontiers group. The study was conducted at King George’s Medical University (KGMU) and is one of the largest observational studies of its kind in Indian tertiary care. This study highlights the groundbreaking impact of Dozee’s AI-powered Early Warning System (EWS), demonstrating its ability to predict patient health deterioration up to 16 hours in advance, thereby providing healthcare professionals with a critical window to intervene early and potentially save lives.

In a nation with 2 million hospital beds, where approximately 1.9 million patients in general wards rely on manual spot checks for monitoring, Dozee’s AI-Powered Remote Patient Monitoring and Early Warning System (EWS) offers a revolutionary solution. This technology has the potential to transform care across 95% of hospital capacity, delivering life-saving continuous monitoring that ensures world-class healthcare at a fraction of the cost of ICU services.

The pioneering observational study monitored over 700 patients across 85,000 hours and demonstrated how Dozee’s Continuous Contactless Remote Patient Monitoring and Early Warning System (EWS) can revolutionize traditional manual processes. By delivering alerts up to 16 hours before a critical event, Dozee’s system empowers healthcare professionals to act earlier, improving patient outcomes while saving healthcare practitioners 2.4 hours per staff member per day. The study analyzed key metrics including alert sensitivity, specificity, average time from initial alert to deterioration, and healthcare practitioners' activity, providing robust clinical evidence of Dozee’s life-saving impact.

In many Indian hospitals, continuous monitoring is limited to ICUs, leaving general wards—where the majority of patients reside—vulnerable to undetected clinical deterioration. This study demonstrates that Dozee’s EWS bridges this gap by continuously tracking vitals such as heart rate, respiratory rate, and blood pressure. The results showed that Dozee's EWS predicted patient deterioration in 67% to 94% of cases, allowing healthcare providers to intervene long before conditions became critical. This early detection holds the potential to save 21 lakh lives annually and reduce healthcare costs by ?6400 crores.

Key Findings from the Study:

Dozee’s EWS alerted patients’ health deterioration about 16 hours in advance

Continuous monitoring saved 10% of healthcare practitioners’ time, equivalent to 2.4 hours per day.

Dr. Himanshu Dandu, Professor in the Department of Medicine at KGMU, emphasized the technology's potential to enhance critical care in resource-constrained environments. “This system enables early detection and continuous patient monitoring, providing a scalable and affordable solution tailored to the demands of healthcare systems facing heavy patient loads. The ability to detect signs of patient health deterioration can significantly improve their survival rates.”

Dr. Jean-Louis Teboul, a world-renowned intensivist and critical care expert from Paris-Saclay University, emphasized the global implications of the study, “What we have achieved in India has the potential to reshape healthcare globally. The challenges may differ, but the need for equitable, timely, and affordable care remains universal.”

“The results of this study affirm what we’ve always believed—this real-world evidence demonstrates technology’s ability to transform healthcare, making it more efficient, accessible, and equitable,” said Mr. Gaurav Parchani, CTO & Co-Founder of Dozee. “We’re not just solving a problem for India but laying the groundwork for global healthcare solutions.”

The study, authored by a distinguished team of experts from across the globe, including Dr. Himanshu Dandu and Dr. Ambuj Yadav from KGMU, along with Dozee’s clinical research team—Mr. Gaurav Parchani, Dr. Kumar Chokalingam, and Ms. Pooja Kadambi, Dr. Rajesh Mishra, an Intensivist and former ISCCM President, and Dr. Ahsina Jahan, Deputy Medical Director in charge of ICU and Emergency from Bangladesh. It has garnered international attention with contributions from Dr. Jean-Louis Teboul, Paris-Saclay Medical University and Dr. Jos M. Latour from University of Plymouth, United Kingdom.  The study findings emphasize that Dozee’s health AI offers more than a national solution; it addresses global healthcare gaps. Traditional models are proving unsustainable, and Dozee’s system provides a simple, scalable, and affordable solution that not only digitizes healthcare but could serve as a blueprint for global adoption.

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