In a recent development, Viacom18, the media and entertainment company, announced an organisational rejig led by the elevation of Raj Nayak to chief operating officer, Viacom18. The restructuring exercise is aimed at making the organisation future ready as it enters its next growth phase.
The role of Ferzad Palia, head - youth, music and english entertainment, has been further expanded, to include two new businesses as the network dials up its content and music offerings. Brand Studio will create branded content and white label solutions for partners, along with original commissioned content. MTV Music Project, will nurture an ecosystem of new and established artistes and create original music content. This is in addition to Palia's existing portfolio that includes MTV, MTV Beats, Colors Infinity, Comedy Central and Vh1.
With a clear focus on strengthening its rural presence, Viacom18 has also elevated Anuj Poddar from his current role at Colors Marathi and Colors Gujarati to lead the rural expansion as head - rural business, including Rishtey Cineplex.
Saugato Bhowmik, head - Viacom18 consumer products and integrated network solutions will continue to drive the efforts towards building homegrown experiential IPs and a robust consumer products business.
Palia, Poddar and Bhowmik will report to Raj Nayak.
Underlining its belief in the growth potential of regional broadcast entertainment, Viacom18 has entrusted the responsibility of its existing regional channels (Colors Kannada, Colors Super, Colors Marathi, Colors Bangla, Colors Odia, Colors Gujarati) and the soon to be launched Colors Tamil with Ravish Kumar, head - regional entertainment, Viacom18, thereby combining all its regional offerings under one roof to ensure greater focus.
Under the leadership of Nina Elavia Jaipuria, head - kids cluster, Viacom18, the network will be growing its presence in the kids ecosystem as it plans to enhance its repertoire of homegrown content and drive up its consumer connect with live events, experiential touchpoints and learning initiatives.
Viacom18 Digital Ventures, with Gaurav Gandhi as chief operating officer, will be leading the network's digital foray with its flagship VoD service, Voot. In its second year of operations, Voot will look to grow its portfolio, bolster its content catalogue, collaborate with like-minded partners and launch segmented offerings.
The network's film studio, Viacom18 Motion Pictures, led by its chief operating officer, Ajit Andhare, will continue to create content-driven cinema, while ramping up its regional play, in line with the network's enhanced focus on regional entertainment.
Nayak, Kumar, Jaipuria, Gandhi and Andhare will continue to report to Sudhanshu Vats, Group CEO, Viacom18.
Sudhanshu Vats, Group CEO, Viacom18, says in a press release, "Viacom18's DNA has enabled it to pre-empt market shifts and adopt unconventional approaches to address conventional business challenges. Since inception, our topline has grown 40x and channel count has grown over 12x while being PAT profitable. Today, Viacom18 has 5 diverse lines of business - in addition to a core broadcast offering it now has a strong presence in digital, filmed and live entertainment along with a fast-growing licensing and merchandising operation. None of this would have been possible without our most valuable asset - our team. Our endevaour has always been to build a future ready organisation with distinct capabilities and a distinctive culture with an emphasis on developing internal talent. This new structure will power us as we enter our next growth phase."
While congratulating Raj Nayak on his new role, he says, "Raj is one of those rare leaders in our industry who possess a sharp business acumen coupled with a nuanced understanding of what makes brands iconic. I am confident that he will be able to take this portfolio of brands to even greater heights as he leverages deeper synergies in his new role."
Viacom18 has announced that the new leadership structure will be operational with immediate effect.
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