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BENCHMARK TURNS THE
SPOTLIGHT ON THE AD INDUSTRY
SOUR CHILLIES?
The head of a leading ad agency
says that old hands in
the ad industry think the agency network is theirs. |
aruni
Amunugama Fernando, the Joint Managing Director of award-winning ad
agency Triad told a recent edition of BENCHMARK that “the colourful
people in the advertising industry do not like change, they do not
like new things happening. A lot of old hands who come up from within
the ranks feel like they own the industry – but funnily, ‘The
Chillies’ is developed with the agreement of all of those in the ad
industry… nobody forced this on them! It is funny that when
certain people don’t win, this type of discussion comes into
play.”
Fernando was speaking to the highly
regarded business show for television BENCHMARK, which airs island-wide on
TNL every week.
BENCHMARK’s Savithri Rodrigo recalled
that the controversy has largely centred around the awards night that has
come to be known as ‘The Chillies’, because some industry insiders claim
that the judging mechanisms favoured newcomers.
Fernando was also asked to comment on
bigger picture ad-industry, especially whether the newly introduced tax
provisions – which deem only 50 per cent of advertising by clients to be
deductible for tax purposes – were affecting business.
“I really don’t think that the ad tax has
had an impact… The whole issue arose from how the media communicated it,
not interpreted it,” she claimed. Fernando also explained that “if you
take a strong brand”, it is “going to work according to a brand plan” –
so, given the fact that it would “continue to infuse money”, the agencies
wouldn’t suffer.
Responding to a question on what the
industry expects from the forthcoming fiscal budget, the joint head of
Triad observed: “Agencies expect a lot of things, but not really from the
budget – because, as history shows, the advertising industry has not been
looked upon as an industry per se.”
And how does she view the media,
especially those sections of the so-called independent media that have
seemingly joined the war bandwagon? “Being an advertising agency, we see a
lot of that. Circulation and marketing figures, advertising statistics and
even the type of advertising come into play – because all that is
dependent on content… and now there’s a wide choice,” Fernando contended.
And she added: “But what is really disheartening is that the truth is not
accepted. Every media house claims that they are in business for the
betterment of society; but since of late, a really negative and even
aggressive stance has crept in.”
BENCHMARK is presented by pioneering
business magazine LMD and produced by the wrap factory. It airs on TNL
every Sunday at noon and 9.05 p.m., and on Monday at 10 p.m. on LBN cable
TV’s Bloomberg channel.
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SNIPPETS
(12 February) |
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FLIPPING
THROUGHEVENT: Discussion On lue Addition And
Distribution Of SLT’s Rainbow Pages.
DATE: 1February.
VENUE: The Hilton Colombo.
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TEEIN OFF
EVENT: Launch of ‘SriLankan Strokes’ – International Golf Tourna
ment.
DATE: 15 February.
VENUE: Waters Edge.
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GLOBAL LEARNING
EVE
T: Launch Of Ceylinco Planet.
DATE: 15 February.
VENUE: The Hilton Colombo.
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PARTNER
COFERENCE
EVENT: Velocity – Microsoft Partner Conference.
DATE: 22 February.
VENU
Waters Edge.
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