HCL Considers Media Outsourcing Business
Outsourcing major HCL Technologies is reportedly in talks with broadcasting media houses for offshoring media and entertainment services. What’s interesting is that as per Karthik Murugan, group manager—media & entertainment and telecom for HCL, the deal size appears to have increased. Murugan tells the Financial Express that projects are now in the $30-50 million range, up from $1 million two-three years ago. HCL is currently running a pilot. There have been two other major deals in the Media and Entertainment outsourcing business - between NDTV and Genpact (called NGen) and TV18 and Infosys.
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Apr 21, 2008 11:40 AM ET
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Comments (3)
Apr 22, 2008 5:33 AM
that is decent numbers . NDTV and TV18 yet to take off in terms of revenue and scalability. Inspite of Global media JV’s
Apr 22, 2008 2:37 PM
I agree with Mr. Sane Man. HCL has got a big focus & targets and they gonna achieve it. and Global Media JV is still in a growing sate
Its the best time to hit it
~Peace~
Buddha
http://www.linkedin.com/in/Digitalbuddha
Apr 21, 2009 8:02 AM
While publishing & music micro-verticals of Media industry has been doing outsourcing deals for some time now, other micro-verticals like broadcasting, sports agencies, production houses have recently started considering outsourcing work in big way to focus on core-functions while getting efficiency & scalability thru outsourcing.
Broadcasting providers in UK have been using playout & post production services from providers like red bee media, TNS etc they have now started considering options for futher optimization by offshoring these functions as well.
However they are very few providers in this segment as of now however considering potential, technology companies have started building capabilities to service new deals from broadcasting industry.