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Tag: Colour Yellow Productions

  • Aanand L Rai’s Colour Yellow names Harini Lakshminarayan as COO

    Aanand L Rai’s Colour Yellow names Harini Lakshminarayan as COO

    MUMBAI: Colour Yellow Productions, helmed by filmmaker Aanand L Rai, has appointed Harini Lakshminarayan as chief operating officer. She brings over two decades of experience in IP development, production and strategy to the Mumbai-based production house.

    In her new role, Lakshminarayan will oversee strategic operations and business development while maintaining the studio’s focus on storytelling and IP creation. She joins the company as it plans to expand its content slate across markets.

    “Harini brings a unique combination of creative foresight and strategic expertise that aligns perfectly with our mission,” said Colour Yellow Productions founder Aanand L Rai. “Together, we will continue to raise the bar for what Indian cinema can achieve in both domestic and global markets.”

    Lakshminarayan said she was excited to join the studio known for films like Raanjhanaa, Tanu Weds Manu, and Tumbbad. “Aanand L Rai’s incredible vision for storytelling that consistently pushes boundaries is truly inspiring,” she noted.

    The appointment comes as Colour Yellow, established over a decade ago, looks to build on its legacy of creating culturally rooted content that appeals to wider audiences. The studio has previously produced critically acclaimed films like Newton, Mukkabaaz and Shubh Mangal Saavdhan.

  • Debut alert: Ansh Duggal in ‘Nakhrewaalii’ by Jio Studios & Colour Yellow Productions!

    Debut alert: Ansh Duggal in ‘Nakhrewaalii’ by Jio Studios & Colour Yellow Productions!

    Mumbai: Jio Studios and Aanand L Rai’s production house, Colour Yellow Productions, are all set to light up the Indian film industry with their latest project, “Nakhrewaalii,” featuring the promising talent Ansh Duggal in the lead role.

    Known for providing opportunities to emerging talent in the world of cinema, Colour Yellow Productions has chosen Ansh Duggal as the leading star of this exciting adventure, marking the beginning of a journey that guarantees to captivate audiences with its innovation and creativity. The film will be directed by Rahul Shanklya and goes on floors today. The movie will be produced by Jyoti Deshpande, Aanand L Rai and Himanshu Sharma.

    This film promises to be a complete entertainer, offering a plethora of emotions that will strike a chord with audiences across India. A glimpse of the film’s theme can be seen in the introductory video, which will pique your interest in this romantic comedy.

    Ansh Duggal, the lead actor, expressed his excitement about the project, stating, “I am thrilled and honoured to be making my acting debut with Anand sir and our director Rahul Shanklya. It is truly a dream come true and I’m looking forward to this incredible journey. Today is the beginning of an exciting chapter in my life. With utmost gratitude, I’m ready to give it my all.”

    For a taste of the announcement, watch the video here:

    This film also marks the second collaboration between Aanand L Rai’s Colour Yellow Productions and Jio Studios, following their recent announcement of the Marathi franchise “Jhimma 2.” As production begins for “Nakhrewaalii,” fans and movie lovers eagerly anticipate the exciting partnership between Colour Yellow Productions and Jio Studios. The journey of creating “Nakhrewaalii” promises to be an extraordinary one, filled with creativity, entertainment, and laughter.

    Colour Yellow Productions has a rich history of crafting endearing and unforgettable characters that have impacted Indian cinema. Films like “Shubh Mangal Saavdhan,” “Tanu Weds Manu,” and “Raanjhanaa” have achieved iconic status, and “Nakhrewaalii” is poised to continue this tradition.

    Jio Studios, the media and content arm of Reliance Industries Ltd was set up in 2018 to build a pure-play content studio focused on developing, producing, and owning intellectual property in films, web series and other content in Hindi and all other major Indian languages. It is the largest studio by far in terms of the number of content assets produced, with critical acclaim not far behind with 16 films and web series of Jio Studios sweeping over 100 awards in India and internationally in the last five years. Jio Studios is designed to be the key catalyst that powers Jio’s distribution platforms and services with world-class entertainment content.

  • Locomotive Global Media appoints Kanupriya A Iyer as head of business affairs and senior producer

    Locomotive Global Media appoints Kanupriya A Iyer as head of business affairs and senior producer

    Mumbai: With a focus on developing, producing, and distributing content for India and across the globe, Locomotive Global Media, an international production company based in Mumbai, has strengthened its senior leadership team by appointing Kanupriya A Iyer as head of business affairs and senior producer. Kanupriya’s appointment is with immediate effect.

    In her new role, Kanupriya will work closely with Sunder Aaron to set up and lead Locomotive Global Media’s film division as well as oversee all business operations. Locomotive Global Media is growing rapidly with an ambitious roster of projects in active development. Iyer will be responsible for driving the company’s growth through all aspects of content development and production, which are required to scale up the company’s position and meet its objective to become the leading content production company in India.

    Kanupriya joins Locomotive Global Media from Colour Yellow Productions, where she worked as a co-producer and played a pivotal role in identifying content that matched the brand’s ethos. During her tenure there, she presided over successful releases such as “Tanu Weds Manu Returns,” “Manmarziyaan,” “Newton” and “Tumbbad.” She now brings to LGM her 12 years of experience in the Indian entertainment industry, both as a management executive and a producer. Kanupriya combines her sharp business acumen with a belief that the world can be changed, one film at a time. Her in-depth expertise in content and business development makes Kanupriya a key asset for Locomotive Global Media.

    Speaking on the new appointment, Locomotive Global co-founder Sunder Aaron said, “We are delighted to welcome Kanupriya to our leadership team. She is a unique executive talent whose knowledge and expertise in the film business will enable us to immediately make a splash in the feature business. Our ambition is to produce content that has an impact both in India and the globe, and Kanupriya will no doubt help us achieve that and fast.”

    Commenting on her appointment, Locomotive Global Media head-business affairs and senior producer Kanupriya A Iyer said, “I feel a sense of pride as a part of the team at Locomotive Global. The collective ethos of creating world-class content along with building a company with integrity and passion really spoke to me. Sunder is a wonderful leader who encourages unique voices. I’m ready to help add value with my experience in development, production, and distribution to set up clutter-breaking films and television content.”

  • Eros numbers up in second quarter

    Eros numbers up in second quarter

    BENGALURU: The Sunil Lulla-led Indian film and media company Eros International Media Ltd (Eros) reported a 9.2 per cent jump in operating revenue for the quarter ended 30 September 2018 (Q2 2019, period or quarter under review) as compared to the corresponding year ago quarter (y-o-y comparison). Profit after tax (PAT) and total comprehensive income (TCI) for the period under review jumped 34.4 per cent and 109.3 per cent (more than doubled) respectively y-o-y. Total income increased 17 per cent y-o-y in Q2 2019.

    Eros reported operating revenue of Rs 292.88 crore for Q2 2019 as compared to Rs 268.26 crore. Total revenue during the quarter under review was Rs 320.56 crore as compared to Rs 273.93 crore in Q2 2018. PAT in Q2 2019 was Rs 77.31 crore as compared to Rs 57.51 crore in Q2 2018. TCI in Q 2019 was Rs 131.33 crore as compared to Rs 62.76 crore in the corresponding year ago quarter.

    The company released 17 films and one digital series in Q2 2019 as compared to 14 films in the previous quarter (Q1 2019). Contribution by overseas revenue to operating revenue almost doubled to 23.7 per cent during the period under review as compared to 12.6 per cent of operating revenues in Q2 2018. Theatrical revenues contributed 28.1 per cent to overall revenues in Q2 2019 as compared to 30.7 per cent in Q2 2018. Contribution to total revenue from television and others in Q 2019 was 48.2 per cent as compared to 56.7 per cent in the corresponding year ago quarter.

    Eros reported 10.9 per cent y-o-y increase in total expenditure in Q2 2019 at Rs 7231.36 crore from Rs 208.54 crore in Q2 2018. Films rights costs including amortisation costs increased 25.2 per cet y-o-y to Rs 148.87 crore from Rs 118.95 crore in the corresponding quarter of the previous fiscal. Employee benefits expense in Q2 2019 declined 12.4 per cent y-o-y to Rs 13.18 crore from Rs 15.04 crore in Q2 2018.

    Finance costs reduced 17.8 per cent y-o-y in Q2 2019 to Rs 21.36 crore from Rs 54.22 crore in the previous year. Other expenses increase 1 per cent y-o-y in Q2 2019 to Rs 51.22 crore from Rs 50.71 crore in Q2 2018.

    Company speak

    Eros executive chairman and managing director Lulla said, “We are happy to report a strong performance during the Q2 and H1 FY2019 which has been a result of our continuous focus on building a portfolio of content driven films that appeal to a wide cross-section of audiences, produced at optimum costs and marketed around the world across diverse entertainment platforms. During Q2

    FY2019, we released a total of 17 films & 1 Digital series, comprising of the hit franchise Happy Phirr Bhag Jayegi, the critically acclaimed Manmarziyan, Vishal Bharadwaj directed Patakhaa, Saakshyam (Telugu), Tc.Gn – Take Care Good Night (Marathi) amongst others. Overseas releases of Batti Gul Meter Chalu (Hindi) and Nawabzaade (Hindi) further supported performance during the quarter.”

    “With our strategy of being a leading producer in digital content, we released an ErosNow1 8-episode original series directed by Rohan Sippy, Side Hero which was received very well by the global audiences. Going forward, we have a refreshing slate of high-potential ErosNow originals with crime drama Smoke releasing today. We believe with the roll-out of our original series we will be able to capture the attention of the fast growing millennial and post-millennial audiences,” said Lulla.

    “H2 FY19 has begun well for us with the successful release of Boyz 2 (Marathi), Tummbad as well as Andhadhun (overseas), Helicopter Eela (overseas) and Namaste England (overseas) at the box office. Further, we have a growing and compelling line-up for the remainder of FY 2019 and FY2020. As we look forward, our proven content acquisition and co-production model, our strong partnerships with Colour Yellow Production, Reliance Industries and the latest partnership V. Vijayendra Prasad as well as our Indo-China collaborations will be the key differentiator in the forthcoming quarters”

  • Eros International profits up in first quarter

    Eros International profits up in first quarter

    BENGALURU: The Sunil Lulla-led Indian film and media company Eros International Media Limited (Eros) reported 25.3 per cent year on year (y-o-y) jump in profit after tax (PAT) for the quarter ended 30 June 2018 (Q1 2018, quarter, period under review) as compared to the corresponding year ago quarter (Q1 2018). Eros reported PAT at Rs 59.95 as compared to PAT of Rs 47.86 crore in Q1 2018. On account of items that will be classified later as a profit or a loss, total comprehensive income more than doubled (up 1.31 times)y-o-y to Rs 100.91 crore in Q1 2019 from Rs 43.56 crore.Calculated simple EBIDTA for the period under review increased 48.6 per cent y-o-y to Rs 93.33 crore (42.8 per cent of operating revenue) from Rs 47.86 crores (24.2 per cent of operating revenue.)

    Eros operating revenue in Q1 2019 declined 16.1 per cent y-o-y to Rs 217.93 crore from Rs 259.62 crore. Total Income declined 18.2 per cent y-o-y to Rs 223.57 crore from Rs 273.36 crore.

    The company says in its earnings presentation that revenues during the quarter were driven by releases of Bhavesh Joshi(Hindi), Meri Nimmo (Digital release), Blackmail (Overseas), Haami (Bengali), Goodnight City (Bengali), Alinagarer

    Golokdhadha (Bengali) and others. Eros released a total of 14 films during the quarter, consisting of 1 medium budget and 13 low budget films  as compared to 5 films in Q1  2018, consisting of 1 High Budget, 1 Medium Budget and 3 Low Budget Films). TV and Others segment included satellite sales of catalogue films to Zee TV and others.

    Eros says that Theatrical Revenues contributed – 30.7 per cent, Overseas Revenues – 12.6 per cent and Television & Others – 56.7 per cent as a percentage of income from operations.

    Company speak

    Eros executive vice chairman and MD Lulla  said: “We have started the year on an excellent note on operational and strategic parameters. Our strategy of a content driven approach reflected in a robust green lighting process enabling us to de-risk our model. Our film content is deeply researched and evaluated for its revenue potential across platforms and markets by our business leaders, due to which we were able to again deliver margin enhancing performance in Q1 2019.

    The new JV kicking in with V. Vijayendra Prasad for Hindi and regional content and Reliance Eros Productions LLP for USD 150 million already in process is bound further boost our content strategy and reflect in our financial performance in the forthcoming quarters. The first quarter was marked by the successful releases of our films which contributed to the overall growth. Our strong slate across languages, active pre-sales and catalogue monetization of our films ‘ library further supported the performance during the quarter. Looking ahead, we have drawn a compelling line-up for the remainder of the year featuring high-potential movies such as Color Yellow Productions Happy Phir Bhaag Jayegi, Anurag Kashyap’s Manmarziyan, the IndiaChina co-productions, Panda by Kabir Khan, trilingual Haathi mere Saathi and multiple other films across languages.

    Lulla further added, “As always, we continue to be a pioneer in industry innovations in catering to the changing tastes and preferences of the audiences. In this quarter, we released Meri Nimmo straight-to-digital on the Eros Now platform. I am happy to share that the film received a tremendous response from the audience and we look forward to launching more such films and originals on the Eros Now platform during the course of this fiscal. Along with it the roll-out of fresh and strong original content, makes us confident that the pace of subscriber addition for Eros Now will further accelerate, going from 50 to 100 cities and almost doubling the subscriber base to 16 million by end of the Fiscal year.”

    Let us look at the other numbers reported by the company

    Total Expenditure (TE) during the period under review declined 32.8 per cent y-o-y to Rs 146.45 crore as compared to Rs 217.81 crore in the corresponding quarter of the previous year.

    Films rights costs including amortisation costs in Q1 2019 declined 29.6 per cent y-o-y to Rs 90.15 crore from Rs 128.12 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q1 2019 declined 14.5 per cent y-o-y to Rs 13.54 crore as compared to Rs 15.83 crore in Q1 2018. Other expenses (OE) in the Q1 2019 reduced 63.8 per cent y-o-y to Rs 19.15 crore as compared to Rs 52.84 crore in the corresponding quarter of the previous year. Finance costs in Q1 2019 increased 5 per cent y-o-y to in Q1 2019  Rs 19.5 crore from Rs 18.58 crore.

  • Eros International profit margins up in FY 2018

    Eros International profit margins up in FY 2018

    BENGALURU: The Sunil Lulla-led Indian film and media company Eros International Media Ltd (Eros) saw EBITDA for the quarter ended 31 March 2018 (FY 2018, year, fiscal under review) of Rs 328.21 crore and a margin of 34.2 per cent of operating revenue, about 985 basis points more than the margin of 24.3 per cent for the previous year. PAT margin in FY 2018 also increased 606 basis points to 22.89 per cent of total revenue from 16.83 per cent in the previous fiscal. EBIT margin was 36.42 per cent of total income in FY 2018 as compared to 26.07 per cent of total income in the previous fiscal.

    Eros says that in FY 2018 it redefined its portfolio mix – margin expansion by investing in content driven films with high ROI potential and where the content risk was largely covered, in turn making Eros lesser dependent on box office numbers. The company’s revenues declined sharply in the year under review as compared to the previous year. Eros net sales/income from operations declined 31.4 per cent to Rs 960.16 crore in fiscal 2018 from Rs 1,399.70 crore in the previous year. Total income reduced 30.1 per cent in FY 2018 to Rs 1,010.01 crore from Rs 1,445.28 crore in FY 2017.

    Though EBITDA and EBIT margins were higher, overall, both these profit matrices declined in terms of rupees. EBITDA in FY 2018 at Rs 328.31 crore was 3.7 per cent lower than Rs 340.75 crore in FY 2017. EBIT in FY 2018 at Rs 367.88 crore was 2.4 per cent lower than the Rs 376.75 crore in the previous fiscal. PAT in the year under review at Rs 231.22 crore was five per cent lower than Rs 243.29 crore in FY 2017.

    Eros reported 35.7 per cent decline in total expenditure in FY 2018 at Rs 722.66 crore from Rs 1,123.05 crore in FY 2017. Films rights costs including amortisation costs declined to almost half (down 49.1 per cent) in FY 2018 at Rs 399.27 crore from Rs 784.84 crore in the previous fiscal. Employee benefits expense in FY 2018 declined 16.4 per cent to Rs 58.94 crore from Rs 70.53 crore in FY 2017.

    Finance costs increased 47.7 per cent in FY 2018 to Rs 80.53 crore from Rs 54.22 crore in the previous year. Other expenses reduced 12.8 per cent in FY 2018 to Rs 175.05 crore from Rs 200.64 crore in FY 2017.

    In its investor presentation, Eros says that revenue breakup as percentage of revenue from operations for FY 2018 was theatrical revenue 42.8 per cent; television and others 46.3 per cent; and overseas 10.9 percent. For FY 2017, the company had indicated break up as theatrical 42.5 per cent; television and others 31.1 per cent; overseas 26.4 per cent. Hence, contribution of revenue from television and others in FY 2018 was much higher than in the previous year. Theatrical revenue was about the same in both the years, and revenue from overseas declined sharply in FY 2018 as compared to FY 2017.

    The company released 25 films – one high budget, four medium budget and 19 low budget films in FY 2018. Of these films, 14 were Hindi, one was Tamil/Telugu and nine were in regional language films.

    In FY 2017, Eros had released 44 films – five high budget films, 10 medium budget films and 29 low budget films. 11 films were Hindi, 18 in Tamil/Telugu and 15 were regional films.

    Eros says that it remains focused on its film pipeline, with 40 to 50 films across languages slated to release during financial year 2019.

    Eros Now

    The company says that its subscriber base for its OTT platform Eros Now has grown to 100 million (10 crore, 1,000 lakh) in FY 2018 from 60 million (6 crore, 600 lakh) at the end of the previous year. Paying subscriber base for the platform has grown to 7.1 million (0.71 crore, 71 lakh) in FY 2018 from 2.1 millon (0.21 crore, 21 lakh) at the end of the previous year.

    Company speak

    Eros executive chairman and managing director Lulla said, “This year has been an inflection point for Eros where we have truly turned the corner and grown in to India’s first fully vertically integrated independent studio. The pioneering spirit is prevalent in our leadership DNA as we further consolidate a fragmented market place as well as making Indian filmed entertainment truly global. As the dynamics of the country change with connectivity at the core of distribution we are uniquely positioned to leverage these trends with content being the key driving force. Our strategy of a content driven approach reflected in a robust green lighting process enables us to de-risk our model with an increasingly successful slate, with Newton India’s entry to the Oscars, hit comedy Shubh Mangal Savdhan and sports based drama Mukkabaaz.

    “Additionally the democratisation of theatrical consumption of content has skewed our strategy to be increasingly focused on catering to the regional demographic which is reflected in our slate mix Aamhi Doghi (Marathi), Rong Beronger Kori (Bengali), Oru Kidayin Karunai Manu (Tamil), Aake (Kannada), Viswa  Vikhyatharaya Payyanmar (Malayalam) amongst others.

    “Looking ahead to this coming year we are excited about our future slate with a trilingual remake of our classic library film Haathi Mere Saathi directed by Prabhu Salomon, starring Rana Daggubati as well as Bhavesh Joshi.  Leveraging our group’s strong talent relationships built over the past 40 years is also key to our growth trajectory. The relationship we share with Colour Yellow Productions and Anand L Rai has enabled us not to only to have a strong theatrical release pipeline with Manmarziyan and sequel to blockbuster film Happy Bhag Jayegi, Happy Phir Bhag Jayegi starring Sonakshi Sinha, but also to break the norms across the entertainment ecosystem. We successfully premiered India’s first straight to digital film, Eros Now original, Meri Nimmo on our platform. As we make strides foraying into original content, we are confident our film and originals slate will contribute further to accelerating Eros Now’s paying subs growth which this year itself is over 270 per cent.

    “With content slate and scale being a key driver, we have also entered into the strategic content partnership with Reliance Industries to jointly produce and consolidate content across India. The $150 million joint venture adds significant scale to Eros’ pre existing slate while mitigating investment risks as we benefit by leveraging our robust distribution network. We look forward to collaboratively growing this joint venture and further strengthening our fundamentals; content creation, distribution and a robust balance sheet allowing us to experience momentous improvements in our margins.

    “We have ended the fiscal with a very strong quarter with an EBIT growth of 61.5 percent and a PAT growth of 80.4 per cent. For the full year FY2018, the company has witnessed the EBIT margin increase at 10.3 per cent and an increase of 4.9 per cent PAT margin. We look forward to fiscal 2019 by further proving our strategies and paving the road ahead for a truly global Indian entertainment experience.”