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Tag: Bajrangi Bhaijaan

  • Times Music signs Dharma Cornerstone’s talent Nakash Aziz

    Times Music signs Dharma Cornerstone’s talent Nakash Aziz

    MUMBAI: Dharma Cornerstone Agency (DCA) music artiste Nakash Aziz has been signed on by music label Times Music. Under the agreement, Times Music will be releasing independent singles and albums for Nakash, while planning live performances and fan engagements.

    Nakash has delivered chart-topping hits across Indian and regional cinema in Kannada, Telugu, Tamil, Bengali and Marathi.  His Hindi cinema classics include the upbeat Gandi Baat and Sari Ke Fall Sa from R… Rajkumar, the spirited Selfie Le Le Re from Bajrangi Bhaijaan, the electrifying anthem Jabra Fan from Fan, playful peppy number Second Hand Jawaani from Cocktail, among many others.  Nakash is currently riding high as one of the most sought-after singers, having brought Pushpa’s aura to life through unforgettable songs like Eyy Bidda Idhi Naa Adda and Pushpa Pushpa from the hit film franchise Pushpa.

    Said Times Music CEO Mandar Thakur: “Times Music is thrilled to partner with DCA and work with the immensely talented Nakash Aziz”.

    DCA CEO  Uday Singh added: , “I’m really happy to see this partnership between Nakash and Times Music come together. Nakash has such a unique style and energy, and I’m confident this collaboration will lead to some incredible music. It’s great to have such strong partners in Times Music to bring his and our vision to life”.

    Nakash Aziz said:  “I’m really looking forward to working with Times Music on some exciting new projects. It’s always a great feeling when you find the right partners who understand your creative vision, and with Times Music, I feel like we can really experiment and push boundaries.”.

  • Eros International’s Bajrangi Bhaijaan grosses over Rs.169.17 crores (USD 25.95 million) in first 10 days of release

    Eros International’s Bajrangi Bhaijaan grosses over Rs.169.17 crores (USD 25.95 million) in first 10 days of release

    MUMBAI: Eros International Media Ltd, a leading global film company in the Indian film entertainment industry, announced Producer Salman Khan Film’s Bajrangi Bhaijaan has collected over Rs. 160 crores within ten days of its release in China. More than two years since it opened in India, Bajrangi Bhaijaan released in China on March 2 this year and continues to enjoy a very strong box office performance earning Rs. 169.17 crores (USD 25.95 million) since its release.

    Marking Indian super star Salman Khan’s first ever movie to release in the China market, Eros released the film in association with China’s E Stars Films Ltd and Salman Khan Ventures. After breaking several records during its Eid release in 2015, Bajrangi Bhaijaan crosses another key threshold, with the film taking a commanding start at the Chinese box office, raking in Rs. 14.5 crores on its opening day, debuting at number 7. The Kabir Khan-directed film trended extremely well through its release, climbing to number 4 box office position on its first Monday. It crossed the Rs100 crore mark within a week of release and closed the second weekend with Rs 169.17 crore ($25.95 million) in collections, retaining the number 5 position in the Chinese box office, despite new releases over the weekend. 

    The Indian drama directed by Kabir Khan stars leading Indian film actor Salman Khan as Bajrangi, an ardent devotee of Hindu deity Hanuman, and his arduous journey to reunite a six-year-old Pakistani girl – lost in India – with her parents, back to her hometown in Pakistan.

    Speaking on the film’s performance, Eros International Media Ltd, Managing Director, Sunil Lulla said, “With the success of Bajrangi Bhaijaan and previous Indian releases, China has emerged as a key market and a major box office earner for Indian releases. We are delighted with the unstoppable run the film is enjoying and how the Chinese audiences have embraced the cross-border friendship story, its emotions, the direction and our much-loved superstar Salman Khan”.

    “We are extremely encouraged by the success of Bajrangi Bhaijaan in China and very excited about our next to roll Indo-China co-production, once again to be directed by Kabir Khan”, he continued.

    Recognizing the significant market opportunity in China, Eros and director Kabir Khan had earlier announced coming together for a travel drama, The Zookeeper (working title) which will be shot in Hindi and Mandarin languages. An A-list actor has been signed up for the project which shall be announced shortly.

  • Eros stock gains even as it denies being privy to parent’s talks with Apple or Netflix

    MUMBAI: Shares of Eros International gained 4.5 per cent on Monday even as it clarified that it was not privy to any strategic discussion that its NYSE-listed parent Eros International PLC may be having with various potential partners.

    There were speculative reports that the Mumbai-based film production house Eros was in talks with the tech giant Apple to sell its 3,000-plus film and music library including ‘Bajrangi Bhaijaan’, ‘Dabangg’ and ‘Bajirao Mastani’ for around $1 billion (Rs 63.7 billion).

    The unconfirmed potential deal, for which Eros reportedly started exploring six months ago, could include Eros Now — Eros’ digital OTT platform. Discussions were also reportedly being held with competitors — Netflix and Amazon. Eros Now, having 55 million global users, has rights to over 5,000 movies in 10 Indian languages and over 250,000 audio tracks from 13 Indian music labels.

    Eros’ parent, which is facing a class-action lawsuit for allegedly overstating Eros Now’s subscriber base, had attempted engaged with broadcasters including Sony, Viacom, 21st Century Fox’s Star India and Zee to sell the library, it was reported.

    AlsO Read :

    Eros Now available with free Amazon Fire TV subs

    Zee gets Sarkar3 & Munna Michael syndication rights in deal with Eros

    Eros International signs co-production deal with Turkish co Pana Film

  • Amazon buys global streaming rights of Salman Khan’s future films

    MUMBAI: Amazon Prime Video today announced a first-of-its-kind, worldwide exclusive content deal with Salman Khan Ventures. This landmark deal with the Sultan of Bollywood makes Amazon Prime Video the exclusive streaming home of future titles of Salman Khan commencing with the recently released Tubelight. 

    All films from Salman Khan Ventures released after Tubelight will premiere exclusively on Amazon Prime Video first, straight after the theatrical release and two months before satellite/ television broadcast or any other form of distribution. Apart from the new releases, existing blockbuster titles like Bajrangi Bhaijaan, Kick, Jai Ho and Hero will also be available on Amazon Prime Video.

    Amazon Video India director and country head Nitesh Kripalani said, “This is another big step to change the way how Indian customers consume entertainment with Salman’s movies coming first to Prime Video customers, before their television broadcast.”

    Prime Video head of content – Asia Pacific James Farrell said, “India is a top priority market for Amazon and we believe that this love India has for films, the passion, the energy and the talent of India needs to be on a worldwide stage for thr global audience.”

    Khan added, “Amazon Prime Video reaches over 200 countries and territories and I am happy to collaborate with Amazon Prime.”

  • Tubelight distributors may incur losses

    Salman Khan and Eid, an unbeatable combination that usually guaranteed Rs 200 to 300 crore (Rs 2k million — Rs 3k million) business. And, Eid release date is blocked the day a major star film is launched. There are other few dates in a year that assure a grand opening to a big film paving the way for high business prospects. But, Eid release has a distinct advantage coming as it does after a month of fasting during the pious month of Ramzan during which the Muslims abstain from any form of entertainment and mainly watching films.

    This year, the first half has been unpredictably bad when it comes to quality of films and resultant box office performance. No major hits, no big star releases to save the situation. One exception was Hindi Medium which, in recovery to budget respect, can be called a blockbuster.

    Salman Khan has had such a huge following at the box office during his second innings which started with his film Wanted, an entertainer from his was a taken. In his last two films, Bajrangi Bhaijaan and Rustom, he played an underdog, a simpleton. But, one who rises when challenged.

    Playing simpleton was fine, this time, with Tubelight, he stretched it a bit too far deciding to play an imbecile; he tried to replace an eight year old of the original film, Little Boy, on which Tubelight is based! As it turned out, the Salman fans and moviegoers felt cheated and Tubelight is turning out to be the most abused Salman film ever.

    The film has been sold at a huge price for all India theatrical rights. The main distributor, NH Studioz, have divided their risk by selling off major circuits retaining only parts of Bombay Circuit. All these distributors stand to incur losses eventually.

    The money paying moviegoer has his/her own perception and was not wrong when Tubelight opened to half the patronage compared to earlier Salman+ festival releases.

    The opening day collections hovered around Rs 20 crore accounting for the opening weekend of Rs 63.8 crore. The negative reports that the film has generated over first three days, the film is not expected to benefit much from Eid holiday at the box office.

    *Bank Chor, which took an opening weekend of Rs 4.34 crore, ended its first week with a total of Rs 7.1 crore.

    *Phullu and G Kutta SE have had a disastrous week at the box office.

    *Raabta, a convoluted insipid love story added Rs 2.05 crore in its second week to take its two week tally to Rs 22.55 crore.

    *Hindi Medium is a super hit vis a vis its making cost. The film continues to pull audience even in its fifth week and adds Rs 3.6 crore to take its five week tally to Rs 63.3 crore.

    *Bahubali has collected Rs 1.5 crore in its eighth week taking its eight week total to Rs 500.7 crore.

  • Star Gold launches Tubelight’s trailer outside Salman Khan’s home

    MUMBAI: Star Gold has always pushed the envelope not only with content but also engagement with the viewers.

    To announce its association with of the most anticipated film of the year, Tubelight, the channel undertook a massive initiative #StarGoldKiTubelight, where the channel launched the trailer of the film exclusively for fans outside megastar Salman Khan’s residence at Galaxy Apartments on 25 May. As an acknowledgment of this one-of-a-kind initiative, Salman Khan surprised his fans by reciprocating the love & adulation of the huge number of people that gathered outside his home.

    “We have worked with Salman Khan across multiple movies over the years and have a great partnership with him. For the release of Salman Khan’s most anticipated movie of the year ‘Tubelight’, we wanted to do something special. With #StarGoldKiTubelight, we would like to reinforce our promise, to viewers as well as trade partners, of bringing the biggest blockbuster films of Indian Cinema to their home screens. We strive to ensure that we engage our audiences not just with our films but also with the stars themselves”, said Star India Hindi movie business general manager and executive vice president Hemal Jhaveri.

    From the makers of ‘Bajrangi Bhaijaan’, ‘Tubelight’ is all set to break every box office record when it releases on 23 June and every Salman Khan fan is excited and is eagerly awaiting its release.

  • BSE seeks & gets clarification on Eros Now-RelianceJio deal

    BSE seeks & gets clarification on Eros Now-RelianceJio deal

    MUMBAI: The Bombay Stock Exchange (BSE), which had sought clarification from Eros International Media Ltd on a partnership with Reliance Jio, has been told that the deal pertains to US-based parent Eros International Plc and not the India-listed entity.

    On 25 August, Eros International had announced a deal between its over-the -top (OTT) platform Eros Now and Mukesh Ambani-led Reliance Jio, which is slated to launch its telecom services soon offering subscribers high- speed broadband and other related services.

    The Eros Now service with its huge library of Bollywood movies, including recent blockbusters such asBajrangi Bhaijaan, Bajirao Mastaani, Tanu Weds Manu Returns, Prem Ratan Dhan Payo, will power Jio’s on-demand entertainment offering.

    The company in its announcement yesterday claimed the “game changing partnership” with Reliance Jio will allow consumers to access high quality Eros Now service within the Jio ecosystem. Jio will provide Eros Now with an opportunity to acquire new subscribers throughout urban and rural India, the company had stated.

    Eros International group CEO and MD Jyoti Deshpande was quoted in an official statement as saying , “As a market leader in the film business, Eros has always strived to bring our users the best of Indian entertainment, offering them the same unified experience across screens and networks. Eros Now’s philosophy is to be platform agnostic and embrace the very best in technology as we continuously enhance our content offering. With the broadband and 4G stage set to explode, our alliance with Jio is part of our philosophy to provide consumers entertainment whenever and wherever they want it.”

    Eros Now has over 44 million registered users across Web, WAP and APP globally and is available across 135 countries with a vast majority of users from India. Currently it’s focused on monetization and achieving a target of one million paying subscribers by the end of fiscal year 2017.

    With a pricing of Rs. 49 ($0.73) per month for a streaming service and Rs. 99 ($1.47) per month, which has additional features such as offline viewing, high definition, subtitles and progressive viewing, the Eros Now service is competitively priced in India compared to other OTT services offering Indian language and international content, the company had claimed.

  • BSE seeks & gets clarification on Eros Now-RelianceJio deal

    BSE seeks & gets clarification on Eros Now-RelianceJio deal

    MUMBAI: The Bombay Stock Exchange (BSE), which had sought clarification from Eros International Media Ltd on a partnership with Reliance Jio, has been told that the deal pertains to US-based parent Eros International Plc and not the India-listed entity.

    On 25 August, Eros International had announced a deal between its over-the -top (OTT) platform Eros Now and Mukesh Ambani-led Reliance Jio, which is slated to launch its telecom services soon offering subscribers high- speed broadband and other related services.

    The Eros Now service with its huge library of Bollywood movies, including recent blockbusters such asBajrangi Bhaijaan, Bajirao Mastaani, Tanu Weds Manu Returns, Prem Ratan Dhan Payo, will power Jio’s on-demand entertainment offering.

    The company in its announcement yesterday claimed the “game changing partnership” with Reliance Jio will allow consumers to access high quality Eros Now service within the Jio ecosystem. Jio will provide Eros Now with an opportunity to acquire new subscribers throughout urban and rural India, the company had stated.

    Eros International group CEO and MD Jyoti Deshpande was quoted in an official statement as saying , “As a market leader in the film business, Eros has always strived to bring our users the best of Indian entertainment, offering them the same unified experience across screens and networks. Eros Now’s philosophy is to be platform agnostic and embrace the very best in technology as we continuously enhance our content offering. With the broadband and 4G stage set to explode, our alliance with Jio is part of our philosophy to provide consumers entertainment whenever and wherever they want it.”

    Eros Now has over 44 million registered users across Web, WAP and APP globally and is available across 135 countries with a vast majority of users from India. Currently it’s focused on monetization and achieving a target of one million paying subscribers by the end of fiscal year 2017.

    With a pricing of Rs. 49 ($0.73) per month for a streaming service and Rs. 99 ($1.47) per month, which has additional features such as offline viewing, high definition, subtitles and progressive viewing, the Eros Now service is competitively priced in India compared to other OTT services offering Indian language and international content, the company had claimed.

  • FY-16: Eros International Media revenue up

    FY-16: Eros International Media revenue up

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported 11.4 percent increase in total revenue including other income (TR) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous year. Eros reported TR of Rs 1,603.45 crore in FY-16 as compared to Rs 1,441.03 crore in FY-15.

    The company’s Total Income from Operations (TIO) in the current year increased 11.3 percent to Rs 1,582.58 crore in the previous fiscal. Profit after Tax (PAT) after minority interest in the current year declined 13.5 percent to Rs 214.15 crore (13.4 percent PAT margin of TR) as compared to Rs 247.06 crore (17.1 PAT margin of TR) in the previous year.

    Eros says that revenue for FY-16 saw a significant growth on account of global releases of Bajrangi Bhaijaan, Bajirao Mastani, TanuWeds Manu Returns, Welcome Back, Srimanthudu amongst others across theatrical, overseas and satellite revenues, and overseas releases of Dil Dhadakne Do, Singh is Bling and Gabbar is Back reinforcing the portfolio and film mix strategy

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Earnings before Interest and Tax in FY-16 declined 6.6 percent to Rs 337.36 crore from Rs 361.19 crore in the previous year.

    The breakup of revenues in FY-16 was: Television and others 30 percent; Theatrical 43.8 percent; Overseas 26.1 percent. The comparative breakup of revenues in FY-15 was: Television and others 31.3 percent; Theatrical 38 percent; Overseas 30.7 percent.

    Total Expenditure in the current year increased 17.2 percent to Rs 1,266.09 crore (80 percent of TIO) from Rs 1,079.84 (76 percent of TIO) in FY-15.

    Direct Costs during FY-16 stood at Rs 1,144.8 crore, including Rs. 617.8 crore of content amortization (Rs 940 crore of direct costs including content amortization of Rs 497.6 crore in FY-15) and overflow accrued to Producers on account of hit films.

    For the period ending March 31, 2016, the company generated free cash flow of Rs 300 crore as compared to negative Rs 50 crore in FY-15. As on 31 March 2016, total receivables stood at Rs. 428.2 crore as compared to Rs. 525.7 crore as on 31 March, 2015.

    Films released in FY-16

    In FY-16, of the 63 films released by Eros, 6 high budget, 16 medium and 41 low budget films were released in as against 6 high budget, 11 medium and 47 low budget movies in FY-15. In FY-16, of the 63 films that were released 33 were Hindi and 30 were Regional films as compared to 64 films during FY-15, which included 45 Hindi and 19 regional films.

    In the quarter ended 31 March 2016 (Q4-16, current quarter) Q4-16, only 6 medium and 6 low budget films were released as against 1 high budget, 4 medium and 17 low budget movies in Q4-15. During the quarter, 12 films were released consisting of 3 Hindi and 5 Tamil/Telugu films and 4 Regional films as compared to 22 films during Q4-15, which included 17 Hindi and 5 Tamil/Telugu films.

    Company speak

    Eros executive vice chairman and managing director Lulla said, “Fiscal 2016 clearly proved to be one of the best year for our films at the Box Office demonstrating the quality and robustness of our content green-lighting strategy, a strong competitive edge for Eros. This is possible as over the years, we have built scale and expertise with the help of an experienced management team which has constantly set new benchmarks in the industry. Continuing this momentum, we had an excellent start to FY17 with Sardaar Gabbar Singh in Telegu, ‘Ki & Ka’ in Hindi and 24 in Tamil delivering splendid performances and together with ‘Housefull 3’ scheduled to open next week, we are looking at a blockbuster first quarter.

    “We have a very exciting film slate for the upcoming quarters, which include films such as ‘Rock On 2’, ‘Dishoom’, ‘Baar Baar Deko’, ‘Shivaay’, Banjo, Singham 3 together with a diversified slate of other regional releases. On the whole, FY 2017 will be seeing an exciting movie repertoire of over 65 content driven Eros films in Hindi and other regional languages, making it the biggest future slate by any studio in India. The slate would also be aided by compelling films from our franchise production arm, Trinity Pictures. To further demonstrate our portfolio and de-risking strategy, I am happy to announce that a substantial part of the above mentioned slate is already pre-sold for satellite rights with the major television networks.”

    “I am happy to report that we ended the year with record revenues of Rs. 16,036 million and healthy profitability. Further, we generated Rs. 3,000 illion free cash flow in FY16 and strengthened our balance sheet by bringing about working capital efficiencies. We are confident that we will continue to maintain
    our market leadership position in the years to come.”

  • FY-16: Eros International Media revenue up

    FY-16: Eros International Media revenue up

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported 11.4 percent increase in total revenue including other income (TR) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous year. Eros reported TR of Rs 1,603.45 crore in FY-16 as compared to Rs 1,441.03 crore in FY-15.

    The company’s Total Income from Operations (TIO) in the current year increased 11.3 percent to Rs 1,582.58 crore in the previous fiscal. Profit after Tax (PAT) after minority interest in the current year declined 13.5 percent to Rs 214.15 crore (13.4 percent PAT margin of TR) as compared to Rs 247.06 crore (17.1 PAT margin of TR) in the previous year.

    Eros says that revenue for FY-16 saw a significant growth on account of global releases of Bajrangi Bhaijaan, Bajirao Mastani, TanuWeds Manu Returns, Welcome Back, Srimanthudu amongst others across theatrical, overseas and satellite revenues, and overseas releases of Dil Dhadakne Do, Singh is Bling and Gabbar is Back reinforcing the portfolio and film mix strategy

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Earnings before Interest and Tax in FY-16 declined 6.6 percent to Rs 337.36 crore from Rs 361.19 crore in the previous year.

    The breakup of revenues in FY-16 was: Television and others 30 percent; Theatrical 43.8 percent; Overseas 26.1 percent. The comparative breakup of revenues in FY-15 was: Television and others 31.3 percent; Theatrical 38 percent; Overseas 30.7 percent.

    Total Expenditure in the current year increased 17.2 percent to Rs 1,266.09 crore (80 percent of TIO) from Rs 1,079.84 (76 percent of TIO) in FY-15.

    Direct Costs during FY-16 stood at Rs 1,144.8 crore, including Rs. 617.8 crore of content amortization (Rs 940 crore of direct costs including content amortization of Rs 497.6 crore in FY-15) and overflow accrued to Producers on account of hit films.

    For the period ending March 31, 2016, the company generated free cash flow of Rs 300 crore as compared to negative Rs 50 crore in FY-15. As on 31 March 2016, total receivables stood at Rs. 428.2 crore as compared to Rs. 525.7 crore as on 31 March, 2015.

    Films released in FY-16

    In FY-16, of the 63 films released by Eros, 6 high budget, 16 medium and 41 low budget films were released in as against 6 high budget, 11 medium and 47 low budget movies in FY-15. In FY-16, of the 63 films that were released 33 were Hindi and 30 were Regional films as compared to 64 films during FY-15, which included 45 Hindi and 19 regional films.

    In the quarter ended 31 March 2016 (Q4-16, current quarter) Q4-16, only 6 medium and 6 low budget films were released as against 1 high budget, 4 medium and 17 low budget movies in Q4-15. During the quarter, 12 films were released consisting of 3 Hindi and 5 Tamil/Telugu films and 4 Regional films as compared to 22 films during Q4-15, which included 17 Hindi and 5 Tamil/Telugu films.

    Company speak

    Eros executive vice chairman and managing director Lulla said, “Fiscal 2016 clearly proved to be one of the best year for our films at the Box Office demonstrating the quality and robustness of our content green-lighting strategy, a strong competitive edge for Eros. This is possible as over the years, we have built scale and expertise with the help of an experienced management team which has constantly set new benchmarks in the industry. Continuing this momentum, we had an excellent start to FY17 with Sardaar Gabbar Singh in Telegu, ‘Ki & Ka’ in Hindi and 24 in Tamil delivering splendid performances and together with ‘Housefull 3’ scheduled to open next week, we are looking at a blockbuster first quarter.

    “We have a very exciting film slate for the upcoming quarters, which include films such as ‘Rock On 2’, ‘Dishoom’, ‘Baar Baar Deko’, ‘Shivaay’, Banjo, Singham 3 together with a diversified slate of other regional releases. On the whole, FY 2017 will be seeing an exciting movie repertoire of over 65 content driven Eros films in Hindi and other regional languages, making it the biggest future slate by any studio in India. The slate would also be aided by compelling films from our franchise production arm, Trinity Pictures. To further demonstrate our portfolio and de-risking strategy, I am happy to announce that a substantial part of the above mentioned slate is already pre-sold for satellite rights with the major television networks.”

    “I am happy to report that we ended the year with record revenues of Rs. 16,036 million and healthy profitability. Further, we generated Rs. 3,000 illion free cash flow in FY16 and strengthened our balance sheet by bringing about working capital efficiencies. We are confident that we will continue to maintain
    our market leadership position in the years to come.”