Category: Production House

  • GRB Entertainment inks multiple deals for factual series

    GRB Entertainment inks multiple deals for factual series

    MUMBAI: GRB Entertainment has inked multiple programming deals for several factual series, spanning EMEA, New Zealand, and airlines.

     
    CBS-AMC Networks EMEA Channel Partnership has acquired the gripping docu-series, Police Women of Dallas, following four police women as they balance their dangerous jobs and family responsibilities. On the other hand, New Zealand’s Top TV Limited – Choice TV has acquired the third season of Auction Kings, a behind-the-scenes look at the craziness of running an auction house, originally produced for Discovery.

     
    Three airlines namely Royal Jordanian, Thai and Etihad Airways have acquired My Beautiful Game – a Fox Soccer original series celebrating soccer’s greatest moments through the eyes of the sport’s most authoritative personalities, as well as its notable celebrities and fans. Additionally, China Southern Airlines also acquired the series in Mandarin.

         
    “GRB is proud to bring some of our top programmes to the EMEA region and New Zealand, as well as for our partnership with Royal Jordanian and Thai and Etihad Airways. GRB’s partners trust us to deliver shows that their viewers will embrace – both around the world and in the sky,” said GRB Entertainment SVP international distribution Mike Lolato.

  • “While we want films to be our anchor, we are equally excited about digital & TV:” Ajit Thakur

    “While we want films to be our anchor, we are equally excited about digital & TV:” Ajit Thakur

    From transitioning from Unilever in London to the Indian media space, Trinity Pictures CEO Ajit Thakur was lucky enough to get mentorship from two of the best minds in the media space – Ronnie Screwvala and Ekta Kapoor. Having learnt a lot from Screwvala in terms of business in media and from Kapoor, the madness of creativity, Thakur couldn’t have asked for a better learning ground.

     

    Since the time he came to India in 2007, he always wanted to make films, but then only landed up doing television stints with Sony and Life OK, which he found equally exciting.

     

    With a specific agenda on films that is to create his own label, he then finally got a platform in Eros International (with Trinity Pictures) to realise his dream.

     

    In conversation with Indiantelevision.com’s Disha Shah, Thakur speaks about his movie making passion, what Trinity Picture stands for, his journey from TV to films and more.

     

    Excerpts:

     

    What are the three core elements that you envisioned while launching the Trinity Pictures banner?

     

    Since the time I came back to India in 2007, I always wanted to make films. But when I came here I realised that all the platforms were equally exciting. Even after having moved to films, I still believe that television is as exciting a medium. But I had done two very good stints in TV with Sony and Life OK, so I thought it was time for me to do something in films now.

     

    My agenda was to be very specific – create a different studio and when I met Sunil Lulla and Kishore Lulla at Eros, they were both excited about it. Most importantly, they had the ideal platform for me to do what I wanted to do. So in February, Trinity Pictures was set-up as an in-house production house within Eros.

     

    There are three unique things about Trinity. Firstly, as a company we will focus only on developing franchises films because I believe focus gets you success. Keeping in mind Indian and global box office trends, there is space for franchise films. In India, as of June the top two films are returning films like Tanu Weds Manu Returns and Furious 7. While India is slowly waking up to the power of franchises, Hollywood has been tasting success with it for more than a decade. Even if we do come across a great script, which we can’t convert into a franchise, Trinity will pass it on to Eros. Our focus is very clear.

     

    Secondly, at Trinity we are not looking at ourselves as being just a film franchise studio. We will create franchises that can go across and beyond screens. It can happen that we develop a idea for digital, take it to TV and then to films. We are keen at making digital comics and character games for each franchise. One franchise might start with a comic and then become a film, while another might begin as a film and then hop on to the gaming platform. The possibilities are endless.

     

    Thirdly, we will be the first studio to have an in-house writers’ room. We are hiring 10-12 writers and three are already on-board through this unique open application that we have. We will have all these writers developing concepts and ideas for us in-house.

     

    From Yash Raj Films to UTV, many studios today have multiple film banners to cater to different genres. Why did Eros feel the need to launch a separate banner too?

     

    I think it is not about the need for a separate banner as much as about the fact that all these films could have been done under Eros. However, when I presented the idea to Kishore, he saw the merit in having a separate identity to these franchise films. So, while Eros stands for certain kind of big films across genres, Trinity will stand for big films within the franchise space. And moreover, I believe it sits in well as a strategic thing from a market’s promise that both the brands can grow.

     

    Eros is at the threshold of really aggressive growth in the next five years. It fits in the plan to have a second brand under it. More importantly, Trinity is not like the second label of other studios. Other studios use the second label to make small and alternative films; Trinity will cater to mainstream and big films.

     

    From TV to films, what were the initial challenges that you faced and how have you adapted to the new medium?

     

    There were no challenges, just opportunities. I am a curious person and for me it’s a process of evolution, so I don’t see them as challenges. Between Ronnie Screwvala and Ekta Kapoor, I couldn’t have asked for a better learning ground. My stints in broadcasting were also fantastic. I never thought I would do TV for so long but I did enjoy it a lot.

     

    At Sony, it was a great learning curve. It was a place where I really felt confident for the first time as we did Kaun Banega Crorepati and Crime Patrol and a lot of alternative shows. At Sony, we moved away from the saas-bahu sagas and experimented with alternative programming, which worked. I had great support from Man Jit Singh and NP Singh.

     

    Post Sony, Life OK was a dream job and I couldn’t have asked for more. From the foundations of Screwvala and Kapoor to witnessing growth as a person and professional, my Star India experience was fantastic. I haven’t seen a company with more talented people between Uday Shankar and Sanjay Gupta and all the colleagues I have worked with. I was learning everyday at Star.

     

    Life OK is like my baby, but more than Life OK, it is about just how much I learnt from the Star system. I couldn’t have asked for a better place to get to that level of confidence. And I believe it was great I did that and then jumped into films. I wish I had given more time to Channel V but my dream was to make films. I am now applying a lot of my learnings from there. Finally, it is about content and how you create it.

     

    Bollywood has a different set of dynamics and the only challenge has been to get to know big stars and directors and telling them that how somebody who has not made films before wants to make big films.

     

    What was the mandate that was given to you for launching this new banner? Walk us through your responsibilities at Eros.

     

    Eros is at a threshold of the next level in its journey. What we have charted out for the next three-five years is to become one of the leading global players in entertainment. Not just film entertainment, but also across digital, TV etc. Trinity Pictures fits in well with that plan for Eros to go to the next level. Eros’ top brass comprising Kishore, Sunil and Jyoti Deshpande believe that we can create four-five valuable franchises in films and beyond over the next three years.

     

    The second thing within that is to get the best talent to work with us directly. Traditionally, we have been following the acquisition model as well as producing our own films. Trinity will produce all of it in-house. The idea is to build relationship with talent because Trinity is a content production studio, which goes beyond just films. I am also helping develop content for Eros Now in space of original mini-series.

     

    How are you going to use all the different mediums? What is your strategy?

     

    The only difference between all the mediums is the target group that we are looking at. There is a certain target group that goes to theatres to watch films, a different group that watches digital content and a slightly different group that watches TV. More women drive television and more men drive films in terms of the demographic profile. That is the only thing I have to keep in mind.

     

    All we are looking for is good ideas and once the idea comes, we slot it for television, films or digital and then we will move it around. The main beauty of franchises is that it is platform agnostic. We can take the same franchise across mediums. The key point is where we want to start from and the target audience.

     

    Trinity is a multi-screen studio. Of course, we want to anchor ourselves in films but we are equally excited about digital and television.

     

    Give us an insight into the working of Trinity Pictures? What is the team structure like?

     

    It is a very small team. Till a month back, I was the only employee along with my assistant. We are taking time to find the right people. The aim is to have three teams comprising project managers, production heads and in-house writers. We already have on-board one of the top writers of Bollywood – Shridhar Raghavan, working with us as a consultant.

     

    As of now we have three full time writers. On 22 June, we are holding our first writer’s assessment workshop, wherein 250 applicants have evinced interest. Hopefully by next month, we should have 10 writers on-board. We are also looking at scouting for writers in Delhi and Kolkata.

     

    What is the potential that you see in building franchises in the Indian market?

     

    Significant. Like I said, this year the top two grossing films have been franchises. Look at Hollywood in the last one year, out of top 12 films, 10 films were franchises. Moreover, from 2008 onwards it has been the same. While franchises have tremendous potential, it needs a lot more development. It is almost like television where you build characters, even if the story gets over, people come in for characters and that is what franchises are about. You invest in characters and once when people fall in love with characters, they come for the next film.

     

    For example, Jurassic World has done the highest weekend ever in US. It is another returning franchise! The truth is all around this, but yes these are big films and you have to mount it well and get it right.

     

    What genres will Trinity Pictures be looking at to build movie franchise? How many films you have pitched to the management till now? When can we see first movie going on-floor?

     

    We are looking at full range of genres. We are looking at Superheroes, action – thrillers, spy and detectives, super natural horror, period and mythological as well as teens and kids. Within franchises, we want to explore everything.

     

    We have an agreement on eight projects and we will hopefully lock four by next month. We are hoping that a couple of these films to go on floors by September-October and we will definitely have two releases next year.

     

    Are Superhero films the best bet as far as franchises go or do other genres like comedy, thriller, horror have potential too?

     

    Making superhero films in India is difficult. I think, Hollywood has set a benchmark that we have to really find a right idea to be able to compete with them. If you make something like a pale replica, it won’t work.

     

    Will Trinity be making films that have a wider reach and appeal than just the Indian market?

     

    Yes. The franchises have the potential to reach out to the global audiences because they are universal themes and not just Indians. We are looking at all markets like UK, US and the Middle East for our films.

     

    Will you be looking at producing only Hindi films or is regional cinema also on the cards?

     

    At Trinity, we want to first focus on Hindi films and we might look at couple of English language films. However, regional cinema is part of Eros portfolio. We have a massive presence in South and we are expanding in Marathi and Bengali. Eros will continue doing a lot of regional cinema, while Trinity will focus on Hindi currently.

     

    Mythology as a genre has been working great guns on Indian television. However, as far as films go, Indian producers have so far failed to exploit the genre on the big screen. Will Trinity be looking at building on mythological films?

     

    I definitely relate to mythology and historicals, but obviously they have to be at a scale that is very different for TV for it to be worth being a film. I have a couple of subjects but I want to make sure that the right investments and right technicians are available to make it happen. Mythology in films has to be much bigger. Moreover, the average filmgoer is younger, so just mythology pitched like that won’t work. You will have to make it larger than life to pull in the younger audience.

     

    What is your target in the first year of operations?

     

    To have four films ready, make two films till next year and also make one very big franchise. For the four films, the story is done. We will be now be getting into screenplay writing. Over three years, we are aiming to have four-five big franchises across mediums and are also hoping to create a mini-series that completely changes the way content is seen for digital.

     

    What about the other talents like directors, actors?

     

    Like I mentioned earlier, that films is not the only criteria at Trinity Pictures. Having said that, we definitely want to work with established directors for our bigger films. At the same time, I am also very open to new directors and writers. However, some films will need experienced hands. The great thing is that all the directors I have spoken to, have been very excited about what Trinity wants to do in terms of franchises, having a writers’ room etc. We are in discussions and negotiations with a few directors.

     

    As far as actors go, we have not thought about it at the moment. Directors will finally decide on the actors. Our focus is to create good scripts and get good directors in.

     

    Is Trinity Pictures looking to exploit the film franchises for merchandising, animation etc?

     

    Absolutely. Like I said, gaming and comics will be a part of merchandising. We will also be looking at animation films but that will take some time. First, we want to get a couple of good films and franchises rolling… but everything will travel from one medium to another.

     

    What kind of budgets is Trinity Pictures looking at for making films?

     

    All kinds of budgets from Rs 5 crore to Rs 50 crore to even Rs 100 crore films.

     

  • Starz  greenlights ‘American Gods’ from FremantleMedia North America

    Starz greenlights ‘American Gods’ from FremantleMedia North America

    MUMBAI: Starz has given a greenlight to FremantleMedia North America’s adaptation of Neil Gaiman’s contemporary fantasy novel American Gods.

     

    Bryan Fuller and Michael Green will pen and showrun the series. Gaiman will also executive produce the series. FremantleMedia North America will produce. Start of production is dependent on casting the lead role of Shadow Moon.

     

    Starz will retain all network pay TV and SVOD rights to the project. FremantleMedia will distribute the series worldwide.

     

    Starz CEO Chris Albrecht said, “Starz is committed to bring American Gods to its legions of fans. With our partners at FremantleMedia and with Bryan, Michael and Neil guiding the project, we hope to create a series that honors the book and does right by the fans, who have been casting it in their minds for years. The search for Shadow begins today!”

     

    Gaiman added, “I am thrilled, scared, delighted, nervous and a ball of glorious anticipation. The team that is going to bring the world of American Gods to the screen has been assembled like the master criminals in a caper movie: I’m relieved and confident that my baby is in good hands. Now we finally move to the exciting business that fans have been doing for the last dozen years: casting our Shadow, our Wednesday, our Laura…”

     

    Fuller and Green said, “Almost 15 years ago, Neil Gaiman filled a toy box with gods and magic and we are thrilled to finally crack it open and play. We’re grateful to have Starz above us and FremantleMedia at our backs as we appease the gods, American or otherwise.”

     

    FremantleMedia North America co-CEO Craig Cegielski said, “American Gods has been the passion project for us since Stefanie Berk brought this exceptional piece of literature to the company when she joined two years ago. Chris, Carmi and the entire team at Starz are committed partners, sharing the same creative vision and ambition for this series. Neil’s novel is a brilliant work of art, and together with the talented Bryan Fuller and Michael Green, we are committed to delivering a series that is nothing short of extraordinary.”

     

    The 2001 novel has been translated into over 30 languages and earned numerous accolades including Hugo, Nebula and Bram Stoker Awards for Best Novel.

     

    The plot posits a war brewing between old and new gods: the traditional gods of biblical and mythological roots from around the world steadily losing believers to an upstart pantheon of gods reflecting society’s modern love of money, technology, media, celebrity and drugs. Its protagonist, Shadow Moon, is an ex-con who becomes bodyguard and traveling partner to Mr. Wednesday, a conman but in reality one of the older gods, on a cross-country mission to gather his forces in preparation to battle the new deities.

     

    FremantleMedia North America’s Craig Cegielski and Stefanie Berk will executive produce the series along with Bryan Fuller, Michael Green and Neil Gaiman. Senior vice president of original programming Ken Segna will be the Starz executive in charge ofAmerican Gods.   

  • Prime Focus Technologies joins MESA advisory board

    Prime Focus Technologies joins MESA advisory board

    MUMBAI: Prime Focus Technologies, the technology arm of Prime Focus, is continuing to support media and entertainment (M&E) companies by joining the advisory board of the Media & Entertainment Services Alliance (MESA).

     

    Prime Focus Technologies will be working with MESA on its mission to support service providers in building efficiencies in the creation, production and distribution of physical and digital media and entertainment.

     

    “As a prominent Cloud solutions provider in the M&E industry, Prime Focus Technologies is constantly looking for ways to advance the development of supply chain infrastructure, content securities and innovation in the industry. Forums such as MESA are critical to the M&E industry as a whole through advocacy efforts, market research and opportunities to interact with other key members. We are proud to be joining as a member of the advisory board,” said Prime Focus Technologies founder and CEO Ramki Sankaranarayanan.

     

    MESA’s expansive range of services includes the development and support of special interest groups, events, media and numerous initiatives. Through these pillars, MESA provides support to its members throughout the year in multiple ways while facilitating collaboration and ongoing discussions.

     

    This new partnership comes shortly after the announcement that PFT has signed a deal with HOOQ, a joint venture between Singtel, Sony Pictures Television and Warner Bros. Entertainment. PFT’s Operations Cloud, part of the CLEAR Media ERP Suite will help package and deliver content on HOOQ. CLEAR Operations Cloud helps M&E companies deal with volume and speed needs to service content demand from the growing number of digital outlets globally.

     

    “Prime Focus Technologies is making great strides in advancing the way media and entertainment companies adjust to the digital consumer and we are thrilled to have them join us. Their presence will be key as conversations about the digital age and developing technologies continue to move forward,” said MESA executive director Guy Finley.    

  • GRB Entertainment sells titles to M-Net

    GRB Entertainment sells titles to M-Net

    MUMBAI: GRB Entertainment has sold several new programmes from its catalogue to an African subscription platform, M-Net.

         

    M-Net acquired two seasons each of Raising Whitley (a poignant docu-series following actress Kym Whitley and her friends) and Deion’s Family Playbook (fun-filled and compelling real-life story of Deion Sanders, the only pro athlete to play in both a Super Bowl and a World Series) as well as the special Knight Life with Gladys (follow legendary singer Gladys Knight as she records a new album, goes on tour, and opens a restaurant).

     

    Several docu-series were also acquired: Blackboard Wars (an inspiring series centering on a high school tarnished by failing academic performances and stigmatized by a culture of violence); two seasons of Welcome to Sweetie Pie’s (following the loud, loving and singing Montgomery family as they work to expand their restaurant empire, one soulful dish at a time); Flex and Shanice (husband/wife duo, actor Flex Alexander, ’90s pop singer Shanice (I Love Your Smile) and their extended family all living together under one roof); and 2 Fat 2 Fly (Corey and Ramone, best friends with big dreams for their small-town food truck business.)

     

    “GRB is very proud to represent several top own programs for international distribution and are pleased to partner with M-Net to bring these rating winners to their audience,” said GRB Entertainment SVP international distribution Mike Lolato. “GRB is known for producing and distributing compelling character-driven programming and M-Net is sure to enjoy success with these shows.”

  • FremantleMedia, Jadran Film partner to produce Croatian drama series

    FremantleMedia, Jadran Film partner to produce Croatian drama series

    MUMBAI: FremantleMedia and Jadran Film Zagreb have inked a strategic partnership in order to bring the literary work of one of Croatia’s most popular writers – Marija Juric Zagorka – to global TV audiences.

    Designated Croatia’s first female journalist, Zagorka is one of the most read writers in Croatia and a best-seller in Central and Eastern Europe, although her novels have never been translated into English. Jadran Film, which has produced over 200 regional and international movies in its 70 year history, will combine its cinematic expertise with FremantleMedia’s production and distribution capabilities to develop scripts based on the novels and look for international investment in order to bring the works to Croatian, as well as global, audiences.

    Jadran Film CEO Vinko Grubisic said, “Jadran Film has long held the ambition to bring Marija Juric Zagorka’s work to audiences outside Central Europe. By working with the production and distribution expertise of FremantleMedia, there is now a real opportunity to bring audiences around world the brilliant storytelling of one of Croatia’s most-loved authors.”

    FremantleMedia Croatia managing director Ana Habajec added, “We are thrilled to be partnering with Jadran Film in order to bring the work of Marija Juric Zagorka to international audiences, and that the combination of our skills and passion will see Zagorka recognized, not just as a Croatian heroine, but as a world brand!”

    The partnership kicks off with a joint production of one of Zagorka’s most famous works: The Witch of Grich (Gricka vjestica), of which more than 10 million copies have been sold so far in Eastern Europe. Set in the second half of the 18th century and combining the genres of historical novel, romance and adventure, it tells the story of young Countess, Nera Keglevic, famed for her beauty and kindness.

    FremantleMedia and Jadran Film are already looking at how they might develop subsequent titles such as Kneginja iz Petrinjske ulice, Gordana and Jadranka.

  • Prime Focus & Double Negative ready new VFX facility in Mumbai

    Prime Focus & Double Negative ready new VFX facility in Mumbai

    mumbaiPrime Focus World (PFW), the creative services division of Prime Focus Limited, and VFX house Double Negative (Dneg) have entered the next phase of expansion plans with the building of a new VFX facility in Mumbai.

     

    Located in Mumbai’s Film City, the new studio will be built to the same exacting standards as Dneg’s facilities in London, Vancouver and Singapore, with particular emphasis on providing one of the best working environment for artists.

     

    Dneg’s technical infrastructure, tools and pipeline will be rolled out to the new facility as part of the build, mirroring Dneg’s other international locations.

     

    Recruitment roadshows are being planned throughout India and key international locations to attract the best VFX talent across all levels of experience to work exclusively on Dneg VFX projects. 

     

    Movies already slated for work in Mumbai include The Huntsman for Universal starring Chris Hemsworth, Charlize Theron and Emily Blunt, and Inferno, Ron Howard’s latest movie based on the Dan Brown novel, amongst others.

     

    The new VFX facility will also offer rigorous training programmes for staff with the intention of creating Asia’s leading ‘VFX Campus,’ complete with specifically-built classrooms and training areas, and offering Dneg’s training programmes.

     

    “Prime Focus is the undisputed industry leader in India and knows the market, the culture and the landscape better than any other company. This collaboration plays to the strengths of both companies, the intention being to create a world-class VFX facility that can proudly sit alongside the rest of Dneg’s global network,” said Double Negative CEO Matt Holben.

     

    “This is another great step forward for Prime Focus World and Double Negative, Prime Focus is committed to supporting Dneg in achieving its vision of becoming a truly global company in the high-end film industry, and this new state-of-the-art facility will help them to remain creative and competitive across all of their locations, and to continue producing award-winning visual effects work that is second-to-none,” added Prime Focus founder, executive chairman and global CEO Namit Malhotra. 

     

    Dneg and PFW have recently collaborated on a number of shows, providing VFX and stereo conversion services on projects such as Avengers: Age of Ultron, Terminator: Genisys and Ant-Man. Upcoming projects include Mission Impossible: Rogue Nation, Insurgent, Alice in Wonderland: Through the Looking Glass, Tarzan, Batman v Superman: Dawn of Justice and Spectre.

  • Fox Star Studios inks nine film production & distribution deal with Karan Johar

    Fox Star Studios inks nine film production & distribution deal with Karan Johar

    MUMBAI: In one of the biggest deals in recent times, Fox Star Studios has inked a nine-film deal with Karan Johar’s Dharma Productions.

     

    As per the deal, which will run over the next three years, the two companies will jointly produce and distribute films, which will be helmed by directors like Johar, Ayan Mukerji and Karan Malhotra amongst others. The films are also likely to stars names like Ranbir Kapoor, Aishwarya Rai Bachchan, Shahid Kapoor and Alia Bhatt to name a few.

     

    Under the terms of this deal, while some films will be co-produced by the two companies, others will be for distribution only.

     

    Star India CEO Uday Shankar said, “The Indian film industry is an important market for us and this strategic partnership offers us an excellent opportunity to fundamentally change the content quality paradigm. This venture is the natural step in our progression to create entertaining and eclectic content for a global audience and to grow the business through game-changing innovation in content, marketing and distribution.”

     

    Johar added, “Movies for me have always been a blend of artistic and commercial resources. Dharma Productions has always endeavored to attain the highest form of celluloid excellence and entertain simultaneously. I am glad we have found a partner in Star India and Fox Star Studios for a visionary nine films alliance. This partnership will not only be the coming together of two forces who understand the need of the cinematic hour but also work as a unit to increase the footfall strength at the movies and empower other verticals. It’s a new age of cinema and this association is a glorious reflection of the times.”

     

    Fox Star Studios CEO Vijay Singh said, “This strategic alliance is path-breaking as it envisages the stakeholders pooling in their collective strengths and thereby chalking a new path for Bollywood, specifically in the way in which films are marketed and distributed. Consolidation through strategic alliances is the way forward in the film industry.”

     

    Dharma Productions CEO Apoorva Mehta added, “It is by far the biggest collaboration that the Indian film Industry has ever seen. With this strategic deal, Dharma has entered into a new phase of movie business, which will provide a disruptive growth model for all the parties involved. This landmark decision will bring on board the most visionary and astute leaders together who will drive the overall strategy for making, promoting and distributing movies. I am happy to say that Dharma is excited and geared up for these new opportunities in the coming years and it definitely looks like the beginning of a game-changing era for the industry.”

  • FY-2015: Eros PAT up 24%; operating income up 25% due to portfolio approach

    FY-2015: Eros PAT up 24%; operating income up 25% due to portfolio approach

    BENGALURU: The portfolio approach to movie making by the Sunil Lulla led Indian motion picture production and distribution company Eros International Media has resulted in it posting an increase of 24 per cent in profit after tax (PAT) in FY-2015 (year ended 31 March, 2015, current year) at Rs 247.06 crore (17.6 per cent of Total Income from Operations excluding Other Income, or TIO) as compared to the Rs 199.69 crore (17.6 per cent of TIO) in FY-2014. The company’s TIO in FY-2015 increased 25.3 per cent to Rs 1421.17 crore as compared to the Rs 1134.66 crore in FY-2014.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    All numbers in this are consolidated unless stated otherwise.

     

    The company’s diversified revenue mix comprises theatrical revenue, which contributed 38 per cent to total revenues, television and others, which contributed 31.3 per cent to total revenues, and overseas revenue, which contributed 30.7 per cent to total revenues. Eros says that its extensive film library of over 2,000 plus films has been increasing its contribution year on year with FY-2015 catalogue revenue at 22 per cent of Total Income as compared to 15 per cent in the previous year and 12 per cent in FY-2013.

     

    Eros managing director Sunil Lulla said, “We have concluded the fiscal on an excellent note based on our strategy of investing in content backed Hindi and regional movies and extensively monetizing it across all platforms such as theatrical, television and digital. The year has reinforced our belief in the portfolio approach to movie-making, which enables us to deliver sustained growth supported by consistently strong presales. Our footprint in the regional market, in particular, has worked very well for us. Along with the healthy performance of our new movie releases, we witnessed a strong upswing in revenue contribution from our 2,000 plus movie library. We are excited about our new venture Trinity Pictures that will build franchise films and look forward towards capitalizing on digital revenue opportunity through ErosNow.”

     

    In FY-2015, Eros released 64 films (44 Hindi and 30 Tamil/Telugu) as compared to 69 (37 Hindi, 30 Tamil/Telugu and two regional language) in FY-2014. Of the 64 films released in FY-2015, 47 were low budget, 10 medium budget and seven high budget films as compared to 44 low budget, 21 medium budget and four high budget films in FY-2014.

     

    Let us look at the other numbers reported by Eros: 

     

    The TIO numbers for FY-2015 and FY-2014 have been mentioned above. Eros TIO in Q4-2015 at Rs 449.05 crore was 42.7 per cent more than the Rs 314.62 crore in Q4-2014, but 8.5 per cent lower than the Rs 490.73 crore in Q3-2015.

     

    Eros EBIDTA including other income in FY-2015 at Rs 368.08 crore (25.5 per cent margin), which was 20.8 per cent more than the Rs 304.73 crore (26.7 per cent margin) in FY-2014. EBIDTA including other income in Q4-2015 at Rs 84.74 crore (18.2 per cent margin) was 24.6 per cent more than the Rs 68.01 crore (21.9 per cent margin) in Q4-2014, but 42.9 per cent lower than the Rs 148.43 crore (30.2 per cent margin) in the immediate trailing quarter.

     

    The company’s total expenses (TE) in FY-2015 at Rs 1079.84 crore (76 per cent of TIO) was 28.6 percent more than the Rs 839.93 crore (74 per cent of TIO). TE in Q4-2015 at Rs 382.71 crore (85.2 percent of TIO) was 57.9 per cent more than the Rs 242.31crore (77 per cent of TIO) and 10.8 per cent more than the Rs 345.34 crore (70.4 per cent of TIO) in Q3-2015.

     

    The company’s other expense in FY-2015 almost tripled (2.89 times) to Rs 96.74 crore (6.8 percent of TIO) as compared to the Rs 33.46 crore (2.9 per cent of TIO) in FY-2014. Other Expense in Q4-2015 more than quadrupled (4.05 times) at Rs 56.14 crore (12.5 per cent of TIO) as compared to the Rs 13.87 crore (4.4 per cent of TIO) in Q4-2014 and more than doubled (2.54 times) the Rs 22.13 crore (4.5 per cent of TIO) in the immediate trailing quarter.

     

    Lulla added, “The Indian entertainment industry is in midst of a structural shift and has potential to multiply revenue streams with multiplexing, digital addressability, broadband and mobile penetration as driving themes. Eros has been anticipating and preparing for these changes for many years. We have started FY-2016 on an extremely positive note with the resounding success of Tanu Weds Manu Returns to be followed by Bajarangi Bhaijaan on Eid and Bajirao Mastani on Christmas as our tent pole films for the year. We believe we can continue this growth momentum into FY-2016 as well.”

     

    Click here for earnings presentation

     

    Click here for audited financial results 

  • Mongolian broadcaster acquires telecast rights to Korean dramas

    Mongolian broadcaster acquires telecast rights to Korean dramas

    MUMBAI: Singapore based international distributor and production agency, Bomanbridge Media, has signed several deals with broadcasters while renewing the contracts with their old partners in the Asian region. 

     

    The move also allowed Mongolian Education Channel TV to buy several popular South Korean dramas like Hyde The Jekyll and Temptation produced by Seoul Broadcasting Systems (SBS); and Secret Love and Spy  produced by Korea Broadcasting System (KBS) from Bomanbridge Media.

     

    “Bomanbridge Media is very excited to announce several deals with many of our long-time broadcast partners as well as new clients from the ever-expanding Asian region. We are pleased to deliver many top quality programs which are sure to entertain and attract many viewers,” said Bomanbridge Media, CEO Sonia Fleck. 

     

    “These deals demonstrate our continued growth in program offering for the region,” she further added.

     

    What’s more, the acquisitions didn’t stop at that. Bomanbridge Media also signed deals with Vietnam Television and KBS in South Korea to acquire 34 hours and 7 hours, respectively, of documentary programming while Shanghai Media Group’s Channel ICS bought the popular sports series Epic TV.