Boyd’s underestimation dilemma!

Boyd Gaming Corporation has recently updated the cost of its Echelon mega resort on the Las Vegas Strip, to a whopping $4.8 billion. It went up from a formerly expected figure of $4.4 billion. Furthermore, the company’s equal JV with Morgans Hotel Group will result in Delano and Mondrian hotels costing $950 million, this is a full $250 million more than the earlier estimated cost. Boyd Gaming on the other hand unveiled plans for developing a 300,000 square-foot retail path with General Growth Properties. The project overshot to $500 million when it was intended to cost just over $400 million earlier. All expectations seem to go ballistic for Boyd!

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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It would be the failure of our society if we were to lose ourselves in this mad rush of technology

The MMORPG which towers above others in terms of gamers addicted, is World of War craft . Launched in 2004, this behemoth has managed to ensnare more than 8 million gamers worldwide, that’s more than twice the size of its nearest competition, the Guild Wars. Such is the allure of RPGs that careers have been destroyed, relationships ended and some have even died when their bodies could not take the strain of playing for 55 hours straight. Ultimately the question, how is the addictive behaviour of playing video games different from, let’s say, watching TV or talking on the mobile phone for instance? As Dr. Nagpal says – “It would be the failure of our society if we were to lose ourselves in this mad rush of technology. We need to take control and set boundaries.” Amen to that.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Home Campus Tour Contact Us Sitemap IIPM Think Tank IIPM National Brochure IIPM in Media India Today & Tomorrow
Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com

Yash Raj Films, UTV are other entertainment conglomerates in the making

Yash Raj Films, UTV are other entertainment conglomerates in the making. Yash Raj Films can be called the pioneers of promoting a corporate like structure of the Bollywood industry, which is today inching closer towards more professionalism and corporatisation. Movie marketing, selling of various rights, savvy promotions have become commonplace and even small-budget films are now making money. Thanks to production houses like Sahara One Motion Pictures, PNC, UTV et al which are ready to sponsor low-onbudget but high-on-quality films. Ronnie Swrewvala of UTV seems to have got the synergy funda pretty clear in his mind, he is producing and distributing Indian and foreign films, has plans to launch 8 TV channels and is also gung-ho about digital and mobile content. Meanwhile, Yash Raj has recently tied up with Microsoft to uplift its internet offerings and with Walt Disney to produce animated movies. Moreover, grapevine has it that Yash Raj is in advanced talks with Mukesh Ambani to set up a chain of multiplexes in the country. What is also seems to be evolving slowly is the studio model in Bollywood given the initiatives of Yash Raj Films, UTV Motion Pictures and Adlabs in signing stars and producers. Given all these recent changes, things have surely started looking up for Bollywood which was once in shambles.

Not just in tinsel town, the whole media and entertainment industry is going through a transition. Some of the challenges that face the industry are low internet connectivity and the spectrum crunch which might hinder its future growth. With so much happening, no one knows what model the industry will finally evolve itself into. However, rise of conglomerates seems inevitable and diversification and consolidation will be the way the go.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

The arms and the revolutionary man

It is said that even God needed the help of Gabriel when he had to fight Lucifer. In that case, it is but natural that Hugo Chávez needs his own ‘Gabriel’ to fight off his ‘Lucifer’ (read George Bush). If latest developments provide a hint, then it seems that Chávez has found one, in the form of Putin.

On a recent visit to Russia, the firebrand Venezuelan President Hugo Chávez met his counterpart, the Russian President Vladimir Putin and as expected, they discussed arms & energy. Chávez, a self-declared “enemy” of the Bush regime., is trying to minimize Washington’s global influence, particularly in Latin America. As a part of this strategy, he also visited Belarus & Iran after his Russian sojourn.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Home Campus Tour Contact Us Sitemap IIPM Think Tank IIPM National Brochure IIPM in Media India Today & Tomorrow
Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com

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