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Tag: Eros International

  • Eros International Announces Pricing of Follow-on Equity Offering

    Eros International Announces Pricing of Follow-on Equity Offering

    MUMBAI: Eros International, a leading global company in the Indian film entertainment industry, today announced the pricing of an underwritten public offering of 7,000,000 A ordinary shares at a price of $14.50. The offering consists of 7,000,000 A ordinary shares offered by Eros and certain existing shareholders, which consists of 6,675,000 shares offered by Eros and 325,000 shares offered by the selling shareholders. Eros will not receive any proceeds from the sale of shares by the selling shareholders. In addition, Eros and an existing shareholder have granted the underwriters a 30-day option to purchase up to an additional 1,050,000 A ordinary shares in total, which will be equally split between Eros and the existing shareholder at the offering price less underwriting discounts and commissions. The offering is expected to close on 15 July 2014.

     

    BofA Merrill Lynch, Jefferies, Wells Fargo Securities and Macquarie Capital are acting as joint book running managers and EM Securities is acting as co-manager for the offering.

     

    Copies of the prospectus may be obtained from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or via email, at dg.prospectus_requests@baml.com and from Jefferies LLC, Attn: Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or via e-mail at Prospectus_Department@Jefferies.com .

     

    A registration statement relating to the offering has been filed with, and has been declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

  • Despite lesser releases, Eros FY-2014 PAT up by 29 per cent to Rs 199.69 crore!

    Despite lesser releases, Eros FY-2014 PAT up by 29 per cent to Rs 199.69 crore!

    BENGALURU: It missed hitting Rs 200 crore PAT by just around Rs 31 lakh in the recently concluded FY-2014.  The Sunil Lulla led Eros International Media Limited (Eros) belongs to a select league of a handful of publicly listed Indian media and entertainment companies that have only grown bigger and bigger in terms of bottom line as well as topline as compared to rest that have made it a norm to show blood across their balance sheets. And all this despite a 10.4 per cent drop in the number of films released to 69 in FY-2014 from 77 in FY-2013!

     

    Last year, the company entered the Rs 1000 Total Income club. This year, it continued its membership in that select peerage and how! In FY-2014, Eros reported a growth of just 6.1 per cent in Total Income (Tot Inc) to Rs 1139.64 crore from Rs 1074.35 crore in FY-2013. As mentioned above, the company recorded a PAT of Rs 199.69 crore (17.5 per cent of Tot Inc) in FY-2014, which was a whopping 29.2 per cent more than the Rs 154.53 crore (14.4 per cent of Tot Inc) in FY-2013.

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

     

    Eros released 30 Hindi films, 37 Tamil/Telugu films and 2 other regional language films in FY-2014 as compared to the 30 Hindi, 44 Tamil and 3 other regional language films in FY-2013.

     

    Let us look at the other numbers reported by Eros in FY-2014 and Q4-2014

     

    Tot Inc in Q4-2014 at Rs 280.97 crore was 8.9 per cent less than the Rs 308.36 crore in Q3-2014 and 83.3 per cent more than the year ago quarter Q4-2013.

     

    PAT in Q4-2014 at Rs 34.54 crore (12.3 per cent of Tot Inc) was 31.2 per cent less than the Rs 50.18 crore (16.3 per cent of Tot Inc) in Q3-2014 and more than triple (3.6 times) the Rs 9.58 crore (6.2 per cent of Tot Inc) in Q4-2013.

     

    Eros reported Total Expense (Tot Exp) for FY-2014 at Rs 641.44 crore (56.3 per cent of Tot Inc), which was 13.9 per cent lower than the Rs 744.81 crore (69.3 per cent of Tot Inc) in FY-2013. Eros Q4-2014 Tot Exp at Rs 209.86 crore (74.7 per cent of Tot Inc) was 4.4 per cent less than the Rs 219.47 crore (71.2 per cent of Tot Inc) in Q3-2014 and 54.1 per cent more than the Rs 136.20 crore (88.9 per cent of Tot Inc) in Q4-2013.

     

    Eros Finance cost in FY-2014 was 3.48 times at Rs 32.71 crore (2.9 per cent of Tot Inc) as compared to the Rs 9.39 crore (0.9 per cent of Tot Inc) in FY-2013. The company’s finance cost in Q4-2014 at Rs 14.52 crore (5.2 per cent of Tot Inc) was almost double (1.97 times) the Rs.7.38 crore (2.4 per cent of Tot Inc) in Q3-2014 and 7.4 times the Rs 1.96 crore (1.3 per cent of Tot Inc) in Q4-2013.

     

    The company’s trade payables and receivables have both gone down in FY-2014 as compared to FY-2013.

    Here are the figures: Trade Payables FY-2014 – Rs 36.98 crore (3.2 per cent of Tot Inc) – down 15.5 per cent from Rs 43.74 crore (4.1 per cent of Tot Inc) in FY-2013.

     

    Trade Receivables – FY-2014 – Rs 151.45 crore (13.3 per cent of Tot Inc) – down 11.1 per cent from Rs 170.44 crore (15.9 per cent of Tot Inc) in FY-2013.

     

    In its press release, Eros has indicated the breakup of revenue for FY-2014 as: Theatrical revenue – Rs 474.9 crore (42 per cent of Total revenue); Overseas Revenue –Rs 293.4 crore (26 per cent of Total revenue) and Other Revenue –Rs 366.4 crore (32 per cent of Total Revenue).

     

    Eros managing director Sunil Lulla said, “This has been an excellent year for the company with strong operational and financial performance. Our strategy to focus on a diversified mix of high, medium and low budget movies, emphasis on regional language films along with monetisation of our catalogue across various platforms has enabled us to deliver such strong performance.”

     

    “We are confident that our leadership position within the industry, monetization of our extensive movie library and positive structural sector trends should enable us to create huge value for all stakeholders going forward. On the back of a well-funded movie slate scheduled for FY-2015, we expect to deliver yet another strong financial performance in the coming year,” added Lulla.

     

    Click here for detailed financial report

    Click here for detailed earning result

     

     

  • Eros International to offer top rated TV content on ErosNow

    Eros International to offer top rated TV content on ErosNow

    MUMBAI: Eros International plc (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, today announced that it is adding top Bollywood television content to its large selection of movies and music content on its online streaming platform, ErosNow (www.erosnow.com).

    Beginning in May, 2014, ErosNow free as well as paying subscribers will have access to the highly popular television programming ranging from top rated current serials and soaps to reality shows such as Balika Vadhu, Uttaran, Sasural Simar Ka, Beintehaa, Rangrasiya, Sanskaar (Season 2), Madhubala, Comedy Nights with Kapil and Khatronke Khiladi (Season 5). These programs will be available on ErosNow within 36 hours of their television premiere in India with thousands of hours of catch up episodes.

    Speaking on the development, Rishika Lulla Singh, Chief Executive Officer of ErosNow said, “ErosNow is the only unique online streaming service in the world to offer both current and classic Bollywood blockbusters, music videos and popular television shows. The addition of even more premium television content offers our subscribers the instant access they crave to today’s most compelling and highly rated TV shows and series in India.”

    ErosNow is available across multiple platforms and provides subscribers with thousands of hours of free content through their PC, smartphone or tablet just by signing up for an ErosNow account. Subscribers can also choose to purchase a premium ErosNow subscription that provides access to the latest online premieres, HD quality content, and offers downloading capabilities across multiple devices for quality entertainment on the go.

  • Shilpa Shetty says her first film as producer has taught her various lessons

    Shilpa Shetty says her first film as producer has taught her various lessons

    NEW DELHI: Bollywood actress turned producer Shilpa Shetty Kundra says: “I never thought that my first film will be an action-mystery. I always thought that if ever I make a film it would be a comedy or a love story. But I loved the script of Dishkiyaaoon so much that I wanted people to know the story “.

     

    Addressing a press meet here, she said “Harman Baweja and and Ayesha Khanna are both great actors and extremely good looking, so there is bound to be chemistry that shoots through the roof”.

     

    Releasing with the tagline “Aadmi bardha ho ya chhota, koi farak nahi pardhta bas uski kahani bardhi honi chahiye”, the film is about the story of two small men who are on their way to make it big in the world of crime. The story revolves around a gangster Viki Kartoos (Harman Baweja) and action man Lakwa (Sunny Deol).

     

    Actor Sunny Deol who is known for angry ‘avatars’ in Bollywood would be seen as a powerful man with a Haryanvi touch in the film. Harman Baweja would be seen as a gangster in the movie. Though from the first promos the movie looks like any other movie in the action crime genre, Deol’s ‘Haryanvi’ ‘avatar’ makes it different.

     

    Other cast includes Prashant Narayanan and Aditya Pancholi.  The film is directed by Sanamjit Singh Talwaar, the music is by Palash Muchhal. 

     

    Produced by Shilpa Shetty and Sunil Lulla, the film is slated for release on 28 March. The trailer of this Eros International and ESM film has already created a stir on the social media.

     

    Ayesha, stylist turned actress, was discovered by producer Shilpa Shetty Kundra and was initially very hesitant, but got a lot of encouragement from Harman. Ayesha said: “I would take a lot of advice from Harman. He was extremely sweet and patient with me and never once made me feel like I was a newcomer. It was great working with him and I did learn a lot from him and that shows on-screen”. Harman revealed that he had never felt Ayesha was a newcomer.

  • Eros International’s ‘English Vinglish’ to become the biggest B’wood release in South Korea

    Eros International’s ‘English Vinglish’ to become the biggest B’wood release in South Korea

    LONDON: Eros International, a leading global company in the Indian film entertainment industry announced today that it will release the blockbuster film, English Vinglish, in South Korea on February 6, 2014. Following on the heels of the film’s success in Hong Kong and Germany last year, English Vinglish will be released across 150 screens, making it one of the biggest Bollywood releases in South Korea to date.

     

    Speaking on the film’s success, Kumar Ahuja, President, Business Development, Eros International Media Ltd, said, “English Vinglish is a universal story that truly resonates with global audiences, especially as it relates to acceptance and the challenges of learning a new language. With newer markets for the film consistently opening, we believe audiences worldwide will continue to find a connection with this captivating film.The film, directed by Gauri Shinde, has performed exceptionally well in new markets. In Taiwan, the film was released across 6 screens in December, 2013 and amassed over US$ 300,000, making it the second biggest grossing Bollywood film in Taiwan. English Vinglish also continues to hold a firm position in Taiwan’s top 10 charts.

     

    “In several new markets, including Asia, audiences have shown that they love Indian ethos and drama. In response to the growing appetite, we plan to release additional films like Dabaang, Dabaang 2, Ra.One and Go Goa Gone into new markets in the coming year.”

     

    In 2014, Eros will look to further expand its presence in Asia by releasing films such as Cocktail, Student Of The Year and Table no 21 in Taiwan and Chalo Dilli, English Vinglish, Dabaang, Student Of The Year and Agent Vinod in Japan. The Japanese market has already proven to be a strong one for Eros as the Company’s release of Farah Khan’s Om Shanti Om across 14 screens earned over US $ 150,000 at the Japanese box office in 2013.

     

    Eros is also making inroads in Eurasia and Russia with plans to release some of its hit films including, Yeh Jawaani Hai Deewani, Rockstar, Zindagi Na Milegi Dobara, Student of the Year, Vicky Donor and Desi Boyz in these territories during 2014. This activity comes on the heels of the successful Eros film, Cocktail, which was released in March, 2013 across 19 screens in Kazakhstan and Kyrgyzstan and became the first Indian film in these countries to gross over US$ 100,000 at the box office.

     

    Finally, Eros has expanded into African markets with the release of its hugely successful Krrish 3 across 14 screens in Egypt this past December.

  • Ram-Leela to open Marrakech International Film Fest

    Ram-Leela to open Marrakech International Film Fest

    MUMBAI: Eros International and Sanjay Leela Bhansali’s Goliyon Ki Rasleela Ram-Leela starring Deepika Padukone and Ranveer Singh will open the 13th edition of the Marrakech International Film Festival on 29 November, 2013. Director/producer Sanjay Leela Bhansali and actor Deepika Padukone will be at the festival during the opening ceremony.

     

    And that isn’t all! Apart from being the first Bollywood film this year to be opening an international festival, the film will also be screened for the festival’s jury, some of the biggest names in world cinema including Oscar winning director Martin Scorsese, Oscar and Golden Globe nominee Patricia Clarkson of The Untouchables and Shutter Island fame, Oscar and Bafta award winner Marion Cottilard who starred in Inception and The Dark Knight Rises and Anurag Kashyap from home turf who has always gone on to say that Sanjay Leela Bhansali is one of the finest filmmakers in the country.

  • Pritam and Prabhu Deva come together for ‘R…Rajkumar’

    Pritam and Prabhu Deva come together for ‘R…Rajkumar’

    MUMBAI: The song Gandi Baat from Eros International and NextGen Films’, R…Rajkumar is already rocking the chartbusters with its high tempo beats and Rajkumar aka Shahid Kapoor’s dance moves. Director-choreographer Prabhu Deva has surely mixed some magic in the song.

    Up now is another song, titled Saare Ke Fall, a quirky peppy number starring Shahid Kapoor and Sonakshi Sinha that will keep audiences asking for more.

    Written by Mayur Puri and composed by maestro Pritam, Saare Ke Fall was the first schedule shot, keeping with director Prabhu Deva’s tradition of always commencing a film’s shoot with a song. Shot at the picturesque Salt belt in Bhuj, filming the song turned out to be quite a challenge given that the cast and crew travelled to the location on a tractor, which was two and a half kilometers away from the base.

    Commenting on the song, composer Pritam Chakraborty, says, “Saree ke fall is one of my most beautifully picturised songs with unique choreography and have enjoyed every time I have watched it. I can’t simply get over the background dancers.”

    Adds producer Viki Rajani, “While brainstorming on this particular track, we thought it would be ideal to shoot at a location like Bhuj as it has not been used in movies often and suited this particular situation in the film. With R…Rajkumar, Pritam and Prabhu Deva come together for the very first time making it a special film for the both of them.”

    R…Rajkumar starring Shahid Kapoor and Sonakshi Sinha, directed by Prabhu Deva is scheduled to release on December 6, 2013.

  • Pritam and Prabhu Deva come together for R…Rajkumar

    Pritam and Prabhu Deva come together for R…Rajkumar

    MUMBAI: The song Gandi Baat from Eros International and NextGen Films’, R…Rajkumar is already rocking the chartbusters with its high tempo beats and Rajkumar aka Shahid Kapoor’s dance moves. Director-choreographer Prabhu Deva has surely mixed some magic in the song.

     

    Up now is another song, titled Saare Ke Fall, a quirky peppy number starring Shahid Kapoor and Sonakshi Sinha that will keep audiences asking for more.

     

    Written by Mayur Puri and composed by maestro Pritam, Saare Ke Fall was the first schedule shot, keeping with director Prabhu Deva’s tradition of always commencing a film’s shoot with a song. Shot at the picturesque Salt belt in Bhuj, filming the song turned out to be quite a challenge given that the cast and crew travelled to the location on a tractor, which was two and a half kilometers away from the base.

     

    Commenting on the song, composer Pritam Chakraborty, says, “Saree ke fall is one of my most beautifully picturised songs with unique choreography and have enjoyed every time I have watched it. I can’t simply get over the background dancers.”

     

    Adds producer Viki Rajani, “While brainstorming on this particular track, we thought it would be ideal to shoot at a location like Bhuj as it has not been used in movies often and suited this particular situation in the film. With R…Rajkumar, Pritam and Prabhu Deva come together for the very first time making it a special film for the both of them.”

     

    R…Rajkumar starring Shahid Kapoor and Sonakshi Sinha, directed by Prabhu Deva is scheduled to release on December 6, 2013.

  • Sonakshi Sinha requests for a special dance number in R Rajkumar

    Sonakshi Sinha requests for a special dance number in R Rajkumar

    Mumbai: Sonakshi Sinha, who will next be seen alongside Shahid Kapoor in Eros International & NextGen Films  R…Rajkumar is extremely excited about working with her co-star and director Prabhu Deva, both of whom are among the country’s greatest dancers.

     

    The actress has requested the makers of the action entertainer to include a special dance number with the three of them, which will act as a promotional song for the film.
    Confirming the news, producer Viki Rajani said, “Sonakshi was keen on dancing with Prabhu Sir and Shahid in a special number. We think it’s a great idea and will take a final call on it in the next few days.”

     

    Talking about her special request, Sonakshi Sinha, said, “I have been asking Prabhu sir to shoot for a music video featuring Shahid, him and me for a while now. I think the three of us in a dance number would be an explosive combination. I hope it works out”.

    Eros International and NextGen Films’ R…Rajkumar starring Shahid Kapoor and Sonakshi Sinha, directed by Prabhu Deva is scheduled to release on 6 December, 2013.

  • Eros International acquires worldwide distribution rights of Grand Masti

    Eros International acquires worldwide distribution rights of Grand Masti

    Eros International, a leading global company in the Indian film entertainment industry, has acquired the worldwide distribution rights of the highly anticipated comedy Grand Masti. The film releases on 13 September.

     

    The film is a sequel to the 2004 smash hit Masti and features Vivek Oberoi, Aftab Shivdasani and Riteish Deshmukh reprising their roles from the original and is directed by Indra Kumar.

     

    Speaking on the occasion, Eros International MD Sunil Lulla said, “We are happy to continue our long association with Ashok Thakeria and Indra Kumar. Grand Masti is one of the most eagerly awaited sequels this year and with the huge success Masti enjoyed, we are confident its sequel too will be a winner at the box office. The film promises double the dose of laughter and masti as is evident from the promos and we are anticipating a very encouraging response to the film.”

     

    Producer Ashok Thakeria added, “Grand Masti is a sequel to India’s first adult comedy, carrying forward the tone set in the first part. We are positive the film will deliver what it promises and are very happy to have Eros releasing the film worldwide. Our relationship with Eros goes back a long way with them distributing all our films overseas – from Raja to Masti. This is the first time they are releasing our film worldwide and we couldn’t have asked for a better platform for its showcasing.”

     

    Grand Masti is the story of three married guys Vivek Oberoi as Meet, Aftab Shivdasani as Prem and Riteish Deshmukh as Amar go out on fun experience in their college reunion, finally to be trapped in danger. The film also features Bruna Abdalah, Karishma Tanna,Sonalee Kulkarni, Kainaat Arora, Maryam Zakaria and Manjari Fadnis in key roles.