Reliance Media World unveils its new business plans

In line with the new business direction, Reliance Media World Ltd., post receiving shareholder approval, is in the process of getting re-christened as Reliance Broadcast Network Ltd. subject to regulatory approvals.

With the 2nd highest GDP growth rate, 50% of the population below 35 yrs, rapid urbanisation, increasing consumerism and a resurgent Rural India, the Indian market is poised to grow to 1 trillion $'s. This reflects positive projections for the media and entertainment industry, slated to grow at 12.5% CAGR.

RMWL also has extensive expansion plans with potential acquisitions, investment in experiential marketing capex, activation inventory, and international collaborations to ensure that we deliver to market expectations and beyond.

Commenting on the new business direction, Tarun Katial ' Chief Executive Officer, Reliance Media World, said, "These are exciting times for the Media and Entertainment industry, and our integrated approach is to re-align Reliance Media World Ltd, with emerging consumer dynamics, which is resulting in new expectations from clients. This re-alignment will enable the company to leverage the cohesive strength of different media platforms within RMWL and Reliance ADAG in a proactive and strategic manner. We are confident that this integrated approach will help us strengthen market leadership as it firmly lays the foundation for an exciting future ahead."

Today, reckoned amongst the leading media companies in India, Reliance Media World, since its launch with radio - 92.7 BIG FM in 2006, has grown at a steady pace, setting up business verticals in out of home ' BIG Street, Experiential marketing ' BIG Live and the mobile and online space ' BIG Digital. These are now being brought together, to deliver the new vision of the Company which is to reach, engage and enrich consumers, through the power of relevant ideas, in the process creating ever growing value for our stakeholders.