Companies

Toonz Media Group to venture into platform entertainment business

Our Bureau Kochi | Updated on September 10, 2021

Mukund Cairae, president, Toonz Media Networks

Ropes in industry veteran Mukund Cairae to lead new business unit

Close on the heels of the launch of their own OTT platform, global kids and family entertainment major, Toonz Media Group, is all set to venture deeper into the platform entertainment business.

Toonz has constituted a new SBU – Toonz Media Networks – with the aim of widening the scope of the company’s platform business.

Apart from its well-established YouTube ecosystem, and television channels in Russia and LATAM, Toonz Media Networks SBU will supervise the launch of the Group’s new linear television channels in the fast-growing kids’ television markets of Indonesia, Malaysia, Singapore and MENA (Middle East & North Africa).

Toonz has roped in former Zee Entertainment Chief Operating Officer, Mukund Cairae, to give strategic leadership to the new SBU that seeks to expand to more territories in the next two years.

“I think this is the right time for Toonz to focus more on platform entertainment. The content industry is booming around the world and demand for kids' content, especially, is unprecedented. We have consolidated our position as a leading kids and family entertainment company in the last 20+ years, with a diverse portfolio of businesses ranging from animation production to emerging technologies. So, venturing into the platform business space is a natural progression for Toonz,” said P.Jayakumar, CEO, Toonz Media Group.

Like the MyToonz OTT launched earlier this year, the television channels being established by the company will cater to the kids and family audience segment. With 1000+ hours of content in multiple genres, ranging from pre-school to tween as well as the family audience, Toonz will bank on its rich library to bring world-class shows and movies to families across the world via the mini screen.

“The idea is to monetise Toonz’s content in geographies across the globe, especially in the emerging markets, via our in-house content delivery platforms. Toonz will partner with telcos as well as digital platforms to launch channels in these geographies. This includes both linear and on-demand channels. For the on-demand platform, we will start off with the Middle East market,” Cairae, President, Toonz Media Networks, said.

Apart from the market potential, each of these geographies has been identified based on the scope for revenue capturing and effective content repurposing, in order to make it relevant and adaptable to local markets. As part of this, Toonz’s home-grown content will be dubbed into a slew of global languages, including Bahasa Indonesia, Bahasa Maleyu, Arabic, Urdu, Thai, French and Swahili, he added.

Additionally, Toonz will also actively pursue content partnerships in these regions to co-create premium content, including e-Sports, to engage tweens and teens, besides the kid's audience category.

Published on September 10, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like