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Tag: Eros International media

  • Eros International to acquire controlling stake in Techzone

    Eros International to acquire controlling stake in Techzone

    MUMBAI:  Eros International Media (Eros) has announced that it has signed a term sheet to acquire a controlling stake in Universal Power Systems, trading by the name Techzone, a mobile value added services (MVAS) provider for telecom operators based in India for an undisclosed sum. 

     

    Established in 1999 by Naveen Bhandari, Techzone is an aggregator, developer and distributor of entertainment content via mobile platforms in India.  Techzone is particularly focused on the Bollywood films and music markets and has significant region-specific content in Tamil and Telugu.  The company has relationships and billing integration with major telecom networks in India to distribute its content and also has its own ‘Mobile Shortcode’ 56060. Techzone makes its content available to end-users via various methods such as caller ring-back tones (CRBT), mobile radio, short message service (SMS), wireless application protocol (WAP) and interactive voice response (IVR). 

     

    Techzone has done an average of 25 million SMS, WAP or IVR transactions per month over the past three years across 12 major telecom operators in India for which it bills the customers directly through its billing platform. This excludes CRBT transactions which are also marketed and distributed by Techzone but billed by the telecom operators directly. In a given month, a single customer may engage in multiple transactions.

     

    “Techzone will be a strong addition to our ErosNow strategy where content meets technology and distribution,” said Eros CEO Jyoti Deshpande.  “With Techzone’s billing integration and distribution in place across major telecom operators and average transaction traffic of over 25 million monthly over the past three years, we expect this deal to complement our existing ErosNow service. With 870 million mobile subscribers (including over 60 million internet enabled smart phones) in India as of year-end 2013, this is an exciting space for us.”

     

    Techzone CEO & managing director Naveen Bhandari said, “This is indeed a proud moment for Techzone to align with a market leader such as Eros. The consumption of content through mobile platforms is on the increase and the timing of this alliance could not have been better.”

     

    The transaction is subject to customary closing conditions and execution of definitive agreements. 

     

  • Eros International reports higher income, profit in Q3-2014

    Eros International reports higher income, profit in Q3-2014

    BENGALURU: Eros International Media Limited (Eros) posted 17.2 per cent y-o-y consolidated operating income at Rs 432.68 crore in Q3-2014 as compared to the Rs 369.33 crore in last year’s quarter and was more than double (2.15 times) the operating income of Rs 201.05 crore in the immediate trailing quarter. Over the nine month period that ended 31 December, 2013, Eros reported a 4.2 per cent drop in operating income from Rs 855.63 crore to Rs 820.05 crore in the corresponding period of the previous year. Operating Income for FY 2013 was Rs 1067.95 crore.

     

    The company’s PAT in Q3-2014 at Rs 91.99 was 41.1 per cent higher as compared to the Rs 65.2 crore in Q3-2013 and also more than double (2.48 times) the Rs 36.97 crore in Q2-2014. YTD, PAT for the current quarter was up by 29 per cent to Rs 158.30 crore as compared to Rs 122.71 crore in last year’s nine month period. For FY 2013, Eros reported PAT of Rs 154.53 crore.

     

    Eros Managing Director Sunil Lulla said, “The company has showcased its success with releases such as Ram Leela, R…Rajkumar, Grand Masti, Raanjhaana, Krissh 3 (Overseas), Yeh Jawaani Hai Deewani (Overseas) and Phata Poster Nikla Hero (Overseas). These releases are continuously being monetised over several distribution platforms. With a diversified mix of high budget and moderately budgeted-high concept movies in our future movie stale, we believe that we will exhibit sustained success in the future as well.”

     

    Let us look at the other Q3-2014 figures reported by Eros:

     

    Consolidated total expense for Q3-2014 at Rs 298.4 crore was 6.5 per cent more than the Rs 280.27 crore in Q3-2013 and almost double (1.97 times) the expense of Rs 151.16 crore in the immediate trailing quarter. Year-to-Date (YTD), Eros reported expense of Rs 597.64 crore, which was 11.6 per cent lower than the Rs 675.95 crore in the corresponding nine month period of last year. In FY 2013, Expense was Rs 848.13 crore.

     

    Earnings before Income & Tax (EBIT) reported by the company for Q4-2014 at Rs 135.25 crore was up by 50.5 per cent as compared to the EBIT of Rs 89.86 crore in Q3-2013 and also more than double (2.68 times) the Rs 50.31 crore in Q2-2014. YTD, EBIT at Rs 231.69 crore was 25.6 per cent more than the Rs 184.47 crore in the corresponding nine months of the previous year. For FY 2013, Eros EBIT was Rs 226.22 crore.

     

    Eros Finance cost for Q3-2014 at Rs 7.39 crore was almost triple (2.84 times) the Rs 2.6 crore in Q3-2013 and 19.2 per cent more than the Rs 6.2 crore in Q2-2014. YTD, the company’s finance cost was more than double (2.44 times) at Rs 18.2 crore as compared to the Rs 7.44 crore in the corresponding nine months of the previous year. In FY 2013, Eros paid finance costs of Rs 9.22 crore.

     

    The company says that 41 films (15 Hindi, 25 Tamil and 1 other regional) were released during the nine month of FY 2014 as compared to 60 (26 Hindi, 32 Tamil and 2 other regional) films in during nine month FY 2013. It says that strong theatrical revenues during 9M FY 2014 have showcased the success of overseas releases, namely: Ram Leela, R…Rajkumar, Grand Masti, Raanjhaana, Krissh 3, Yeh Jawaani Hai Deewani and Phata Poster Nikla Hero.

     

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  • HBO, Eros debut ad-free movie channels on Dish TV and Airtel digital TV

    HBO, Eros debut ad-free movie channels on Dish TV and Airtel digital TV

    MUMBAI: HBO Defined and HBO Hits, the two premium ad-free movie channels, have launched on Dish TV and Airtel Digital TV.

    These carriage deals come shortly after the signing of a strategic tie-up between HBO Asia and Eros International media to launch two new premium advertising-free movie channels in India.

    The channels are currently on air and will be available for a free preview in the initial phase of the launch.

    HBO Defined and HBO Hits will showcase the best of Hollywood and Bollywood content through HD and SD feeds on Dish TV (channels 24 and 25 on HD and 414 and 415 on SD boxes respectively) and SD feed on Airtel Digital TV (channels 199 and 200 respectively).

    Dish SD feed will go on air 28 February onwards.

    The two channels will be offered at a special introductory price of Rs 49 and Rs 69 for SD and HD services respectively.

    HBO Asia CEO Jonathan Spink says that the promotional offer is only for three months. The normal price for SD channels is Rs 99 while the HD channel pack is priced at Rs 129.

    Asked about expansion plans into digital cable given that the second phase of digitisation is happening.

    “Our distributor Turner India is talking to various Digital cable and DTH operators. The goal is to ultimately reach all addressable digital systems,” said Spink.

    A high impact multi-media marketing campaign will be launched to promote the two new channels across platforms. The campaign will commence mid March.

    Eros International Media Executive Director Jyoti Deshpande said, “We are excited about the quick response from the DTH operators to offer our premium channels to their customer base and are thankful to Dish and Airtel for partnering with us. We are confident that our compelling and unique content offering of Bollywood and Hollywood plus an advertising-free viewing experience will make this an instant hit with subscribers.”

    Catering to all movie lovers and each having a distinct identity, HBO Defined is the home of latest Hollywood and Bollywood blockbusters and award-winning HBO Originals, while HBO Hits is a channel that indulges viewers with genre driven anchors and iconic HBO Original series.

    Over the next few months viewers can expect an overwhelming line-up of “first time in India” Hollywood blockbuster premieres such as Mission Impossible: Ghost Protocol, Bollywood premi?res of titles such as Chakravyuh, Award winning titles such as The Iron Lady and exclusive and award-winning HBO Original programmes such as Veep, Game of Thrones, True Blood and Boardwalk Empire as they premiere close to U.S. airdates.

    In addition, dual language options of either English or Hindi are available for selected Hollywood blockbusters. Some of the upcoming titles in dual language are Captain America: The First Avenger, Thor, Harry Potter and The Deathly Hallows Part 2, Mission Impossible: Ghost Protocol, Kung Fu Panda 2 and Journey 2 Mysterious Island.

  • Big releases lift Eros’ FY’12 net up 26% to Rs 1.5 bn

    Big releases lift Eros’ FY’12 net up 26% to Rs 1.5 bn

    MUMBAI: Eros International Media, the pure play movie production company, has posted a consolidated net profit (after minority interest) of Rs 1.48 billion for the fiscal ended 31 March 2012, up 26.1 per cent as compared to Rs 1.17 billion a year ago.

    Total income jumped 34.5 per cent to Rs 9.63 billion.

    Eros International Media MD Sunil Lulla said: “I am delighted to announce our results for FY’12, a year in which the company achieved continued growth and margin expansion. The results and growth have been underpinned by box office success of our major film releases as well as contributions from our underlying business model that monetizes content across multiple distribution channels. Our continued investment in content has yielded what we believe is a strong movie slate for FY2013, supported by the box office performance of ‘Housefull 2’ and ‘Vicky Donor’, that we hope to strengthen further.”

    The company released a total of 77 films during the fiscal, including 20 Hindi and 50 regional language films. The list includes Ra. One, Zindagi Na Milengi Dobara, Ready, Rockstar and Desi Boyz and Tamil films like Velayudham, Mambattiyan, Engeyum Kadhal, Vedi, 3, Rajapattai, Nanban.

    Eros’ Ebit for the fiscal increased by 39.9 per cent to Rs 2.26 billion (FY2011: Rs 1.61 billion).

    Meanwhile, for the quarter ended 31 March, the net profit jumped 118.5 per cent to Rs 297.1 million, up from Rs 136 million in the corresponding quarter of the previous fiscal.

    Total income in the quarter grew 88.5 per cent to Rs 2.2 billion, from Rs 1.16 billion in the year -ago period.

  • Eros to release Suriya-starrer Maatran on 15 August

    Eros to release Suriya-starrer Maatran on 15 August

    NEW DELHI: Eros International Media Ltd, which recently acquired the theatrical rights of the Tamil film Maatran, has revealed that the film would be released in Tamil Nadu, Kerala and Karnataka on 15 August.

    Maatran, directed and co-written by KV Anand, has lead actor Suriya essay the role of conjoined twins. Popularly known as Siamese twins, such people whose bodies are joined have to eat, sleep and do every other job together.

    Launched mid-2011, the film, produced by AGS Entertainment, was shot near the Pakistani border. A major major chunk of the film was shot in the Balkan region of Russia, Croatia, Serbia, Albania and Macedonia.

    Maatran also happens to be the first Tamil film to use performance capture technology in some of its action scenes.

  • CCI wants release of films not to be held up by exhibitors & distributors

    CCI wants release of films not to be held up by exhibitors & distributors

    NEW DELHI: The Competition Commission of India (CCI) has sought to ensure fair play in disputes between theatres and production houses by directing that all movie halls – whether standalone or part of multiplexes – cannot take a discriminatory decision against a particular movie or production company.

    The order came on an appeal by Eros International Media and Sunshine Pictures and others.

    The CCI said several film bodies and associations had been indulging in various anti-competitive activities in violation of competition rules by asking producers to compulsorily register their films before release.

    CCI Chairman Ashok Chawla said: "There have been a few complaints and we want to ensure there is fair play and the principles of competition should be upheld." There must be smooth functioning between producers, distributors and exhibitors so that movies goers are not affected, he added.

    A distributor buys rights for screening a film in a particular "territory" and recovers costs from the exhibition of the film.

    "However, often due to problems arising out of revenue sharing or past dues, exhibitors refuse to screen films," said Chawla. "This will have to stop, exhibitors would not be allowed to discriminate between movies and producers based on past records."

  • Eros partners PKP for Tamil film

    Eros partners PKP for Tamil film

    MUMBAI: Eros International Media (EIML), the pure play film entertainment company, has entered into a co-production deal with Photon Kathaas Productions (PKP) for a Tamil film.

    The action thriller film, titled Yohan: Adhyayam Ondru, will have Vijay in the lead role.

    Produced in association with Future Film Production (UK production), the film will be directed by Gautham Menon and is likely to go on the floors in the second quarter of 2012.

    Yohan centers on a character that will be featured in a series of films (prequels and sequels). The film will be shot in international locations, predominantly in the United Kingdom with the active support of the UK government.

    Eros International Media MD Sunil Lulla said, “Eros continues to make advances in the regional film markets and we are happy to associate with PKP and further expand our south repertoire. Yohan: Adhyayam Ondru promises to be one of its kind action thrillers by the very talented Gautham Menon.”

    Menon added, “I am really looking forward to filming an all-out action film after Vettaiyadu Villaiyadu. Also interesting because I will be working with Vijay for the first time. Yohan will be made like an international film while still retaining all the elements, especially music, that makes Indian cinema work.”

  • Eros Q2 net skids 41.5% to Rs 266.7 mn

    Eros Q2 net skids 41.5% to Rs 266.7 mn

    MUMBAI: Eros International Media, the pure play movie production company, has posted a consolidated second-quarter net profit of Rs 266.7 million, down 41.5 per cent from Rs 455.9 million it had posted in the corresponding quarter of the previous fiscal.


    The company‘s total income fell 6 per cent to Rs 1.75 billion for the three-month period ended September (from Rs 1.87 billion).


    Eros‘ earnings before interest and taxes (EBIT) for the quarter was at Rs 407.4 million, down 27.7 per cent from Rs 563.6 million in the earlier year.


    Ebit margins stood at Rs 23.2 per cent, compared to Rs 30.2 million a year ago.


    During the first half of the current fiscal, consolidated net profit fell 16.9 per cent to Rs 500 million, as against Rs 601.4 million in the first half of FY‘11. Total income was at Rs 3.38 billion compared to Rs 3.13 billion in the earlier year.


    In the first half, Eros has released 42 films of which majority were in Tamil. Among the Hindi films, the company released Ready, Chalo Dilli, Zindagi Na Milegi Dobara, Murder 2 and Mausam.

  • Ra.One collects Rs 625 mn gross at BO in 2 days

    Ra.One collects Rs 625 mn gross at BO in 2 days

    MUMBAI: Eros International Media (Eros International) said today that Bollywood star Shah Rukh Khan‘s superhero film Ra.One has garnered a gross collection of Rs 625 million in first two days.

    Ra.One, produced by Red Chillies Entertainments was released across theatres worldwide on 26 October.

    The movie grossed Rs 265 million with a net of Rs 185 million on Wednesday, making it the highest ever Diwali day collection in the history of Indian cinema, eros said.

    The second day collections on Thursday were even more as the film raked in Rs 360 million gross with a net of Rs 251 million.

    "Also in the overseas market, the film has shown magnificent performance being the highest collections for any Indian film so far," the company said.

    Eros International Media SVP distribution Nandu Ahuja said, "We are witnessing unparalleled collections across the country with record breaking figures from different territories. Business usually gets hampered on Diwali day in the evening due to Laxmi Pooja, despite which Ra.One has performed exceptionally well across the country and has proved to be the biggest ever Diwali day release. The film has opened at 95 to 100 per cent collections from most territories and is a sure sign of one of the biggest blockbusters in the making in Bollywood. The second day figures have also broken records for the highest collections for a single day for an Indian film."

    Eros International Media Group CFO Kamal Jain added, "Majority of the film‘s costs have been recovered before the film hit theatres and the box office numbers are exemplary giving major boost to profitability. We are extremely happy with the box office performance of the film as the same is very much in line with our expectations."

    Ra.One opened across more than 4,000 plus screens worldwide – 3,100 plus screens in India and 904 prints internationally, including 3D, Tamil and Telugu.

  • Eros, Aanand Rai to jointly produce sequel of Tanu Weds

    Eros, Aanand Rai to jointly produce sequel of Tanu Weds

    MUMBAI: In his promise to recreate the same magic that he created with Tanu Weds Manu, Aanand Rai has tied up with Eros International Media to produce a sequel of the film that he would also direct.

    Said Eros International Media managing director Sunil Lulla, “After Tanu Weds Manu, we are looking forward to partner with Aanand Rai for Season 2. We are confident the sequel will be equally memorable and as entertaining.”

    Other details of the film including the cast and crew would be announced shortly.

    “I am thrilled to join hands with Eros on this film. I am confident together we will make some very entertaining cinema. I hope to recreate the same magic with the sequel and reach out to global audiences,” Rai said in a statement.