IBDF AGM: IBDF re-elects Disney Star chief K Madhavan as president for third time

The Indian Broadcasting and Digital Foundation (IBDF) has re-elected Disney Star President and Country Manager K Madhavan as its president for the third consecutive time. The IBDF held its 24th Annual General Meeting (AGM) in Delhi on October 31, 2023.

Network18 MD Rahul Joshi and India TV chairman Rajat Sharma have been re-elected as vice presidents for Government & Regulatory Affairs and News & Current Affairs, respectively.

Zee Entertainment Enterprises President – Content & International Markets Punit Misra, has been re-elected as the Treasurer. Viacom18 CEO of TV and Digital for regional business and Kairali TV MD John Brittas have been co-opted to the IBDF board.

K Madhavan (Disney Star), Punit Misra (Zee), I. Venkat (Eenadu TV), Rajat Sharma (India TV), and Rahul Joshi (Network18) have also been re-elected directors to the IBDF board.

Other directors on the IBDF board include Aroon Purie (TV Today), NP Singh (Sony Pictures), Nitin Nadkarni (Sony Pictures), Punit Goenka (Zee), R. Mahesh Kumar (Sun TV), and Gaurav Banerjee (Disney Star).

IBDF also hosted a lunch in honour of I&B Minister Anurag Singh Thakur, with I&B Secretary Apurva Chandra and I&B Joint Secretary (P&A) Vikram Sahay also in attendance.Addressing the members during the AGM, IBDF President K Madhavan said, “Despite the ongoing geo-political issues like Russia’s invasion of Ukraine and the crisis in the Middle East due to the Israel-Hamas war and accompanying economic volatility, the Indian economy in general and the media and entertainment industry, in particular, have shown extreme resilience”.He added, “India has firmly embarked on a digital transformation journey with 868 million broadband users in India, and within a year of launch, 5G services have been rolled out across 97% of Indian cities, resulting in internet speeds going up by three times. Connected TV continues to grow, with 90% of TV sets sold in India being smart TVs. 2023 will be a defining year for the Indian M&E industry, with digital ad revenue expected to surpass ad revenue in traditional media.”

Speaking about the linear TV penetration in the country, Madhavan said, “With 900 channels, linear television continues to enjoy an unparalleled reach of 900 million viewers and is the largest media platform in India. Unlike in other developed markets, there is significant growth potential for linear TV, as one-third of households in India do not have access to television. It will require the collective might of the IBDF members to connect the left-out 100 million households to our fold.”