By: Bhawana Anand
Last updated : January 22, 2019 10:28 am
OOH firms lukewarm to media opportunities on this soon-to-be-operational Metro network
The NMRC authority has rolled out a single tender to allot semi-naming rights at some eight prominent stations attracting the interest of brands like Jaiprakash Associates, Independent News Services and Taurus Financial Services. As earlier published on Media4Growth, the semi-naming rights on Pari Chowk metro station has gone for an annual fee of Rs 1.62 crore, whereas the semi-naming rights on stations Sector 137 and Sector Alpha-1 have been acquitted for Rs 84 lakh and Rs 60 lakh, respectively.
As per industry sources, potential media investors are hesitant to pick up media on inside stations on this Line as they are not sure of the commuter volumes in the initial period. In fact, media owning firms like Vani Advertising and Ansh Infotech had ranked high in the bids for the media tender but, as told to Media4Growth, neither has pursued the opportunity.
The NMRC civil structures also may not attract much advertising interest as they are not quite visible to moving traffic on the main road that runs parallel to the Metro tracks.