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Tag: Eros International

  • Trinity Pictures ropes in five directors for films; to start production in FY 2017

    Trinity Pictures ropes in five directors for films; to start production in FY 2017

    MUMBAI: Eros International’s Trinity Pictures is now ready with its first slate of films across new and exciting genres. Also it has roped in five ace directors from the industry to produce films.  In what is said to change the way films are traditionally developed, Trinity’s first slate is all about creating character-driven franchises which will be leveraged across feature films, merchandising, digital and more.

    With a focus on creating fresh concepts in new spaces, Trinity is also one of the first Bollywood studio in India that has a dedicated in-house team of writers in the ‘Trinity Writers’ Room’ who have created over ten original franchises since the Division’s inception, out of which at least four films will go into production in fiscal year 2017.

    Trinity’s initial lineup includes a range of character-driven franchises across budgets, genres and languages – from a live action elephant film, to a kid’s action film and an Indo-China project to name a few. These will be helmed by acclaimed directors from across the country including Kabir Khan, Siddharth Anand, Amole Gupte, Telugu director Krish and popular Tamil director Prabhu Solomon.

    The first feature to roll out under Trinity Pictures will be director Amole Gupte’ s favourite genre but with a difference – a kids action film, a big scale action film with a child secret agent at the centre of the story that will go on floor in the summer vacation.

    With Trinity’s launch, the studio is looking at expanding new film markets which includes opening of one of the biggest markets in the world – China. Two projects will be co-produced with a Chinese studio, based on stories organically weaving the socio-cultural worlds of India and China.

    Additionally, the films will be shot in both languages. The first Indo-China co-production to roll will be directed by Kabir Khan with A-lister cast from India and China,  a human drama exploring the central character’s journey from India to China. Other projects in the pipeline include a film by Siddharth Anand which will explore a fresh take on the spy genre in India. This genre is a global favourite with franchise potential.

    Multiple award winning Tamil director, Prabhu Solomon’s bilingual project will be an inspiration from the quintessential super hit animal film—Haathi Mere Saathi. The shooting will take place during the monsoons across India and abroad and will be mounted on a scale with never-seen-before visual effects in this genre.

    Ace director Krish’s buddy cop film will be shot in Hindi and Tamil simultaneously, featuring popular lead actors from both the South and Bollywood. This film has been co-written by Shridhar Raghavan (mentor to Trinity writers), Dheeraj Rattan and K. Subhash.

    Commenting on Trinity plans, Eros International group CEO Jyoti Deshpande said, “With Trinity, we continue our endeavour to raise the bar in revolutionizing Indian cinema. As a leading film studio, we have peaked with three out of the top four and seven out of top fifteen films in Bollywood in 2015 being Eros films. Trinity strategy is all about conceiving breakthrough big content ideas and unlocking value from that intellectual property across various distribution platforms for a very long time. We are excited about the slate under development and hope we will have a few top ten films from Trinity”.

    Trinity Pictures  CEO Ajit Thakur added, “With Trinity, there is an effort to create something absolutely new for the Indian market, an effort in investing in creating characters that open a world of possibilities – films, digital games, comics, merchandise. We have writers for the first time creating characters first and then building scripts and projects around these characters. We are the first studio to have tied up with China for co-productions and will be creating new markets with films shot in multiple languages.  There are many firsts to Trinity and only Eros could have seen the merit in a franchise set up as this and taken the risk of making Trinity Pictures happen. We are very excited that the characters and franchises we are creating will hopefully entertain Indian audiences across platforms and well beyond the first Friday”.Tamil director Prabhu Solomon.

  • India wants Indo-Chinese pact on co-production and export of movies to China

    India wants Indo-Chinese pact on co-production and export of movies to China

    NEW DELHI: The Government today proposed that the National Film Development and its Chinese counterpart should explore the possibilities of a memorandum of understanding for joint production and distribution of films between the two countries.

    Information and Broadcasting Secretary Sunil Arora stated this in a meeting with Fuzhou People’s Association for Friendship with Foreign Countries President Yang Yue and his delegation members.

    The meeting was held here to discuss cooperation between the two countries in areas pertaining to co-production of movies and import of more Indian films to China. Joint Secretary (Films) K Sanjay Murthy and Senior Officers from the Ministry were also present during the meeting.

    Yue agreed to examine the suggestion. He invited Indian representatives to visit Fuzhou for the 3rd Silk Road International Film Festival.

    India had earlier participated as a focus country in the 2nd Silk Road International Film Festival in September last year and a delegation from the Ministry and the Directorate of Film Festivals attended the festival.

    India and China had earlier signed an Audio-Visual Co-production Agreement in September 2014.
    In the recent past, India had permitted filming of three Chinese films in the country namely: ‘Lost in India’, ‘Kung Fu Yoga’ and ‘Xuan Zang’. The film ‘Xuan Zang’ was a co-production between the Chinese Film Company Ltd. and Eros (India) International. The movie ‘Kung Fu Yoga’ is currently being filmed in India.

  • India wants Indo-Chinese pact on co-production and export of movies to China

    India wants Indo-Chinese pact on co-production and export of movies to China

    NEW DELHI: The Government today proposed that the National Film Development and its Chinese counterpart should explore the possibilities of a memorandum of understanding for joint production and distribution of films between the two countries.

    Information and Broadcasting Secretary Sunil Arora stated this in a meeting with Fuzhou People’s Association for Friendship with Foreign Countries President Yang Yue and his delegation members.

    The meeting was held here to discuss cooperation between the two countries in areas pertaining to co-production of movies and import of more Indian films to China. Joint Secretary (Films) K Sanjay Murthy and Senior Officers from the Ministry were also present during the meeting.

    Yue agreed to examine the suggestion. He invited Indian representatives to visit Fuzhou for the 3rd Silk Road International Film Festival.

    India had earlier participated as a focus country in the 2nd Silk Road International Film Festival in September last year and a delegation from the Ministry and the Directorate of Film Festivals attended the festival.

    India and China had earlier signed an Audio-Visual Co-production Agreement in September 2014.
    In the recent past, India had permitted filming of three Chinese films in the country namely: ‘Lost in India’, ‘Kung Fu Yoga’ and ‘Xuan Zang’. The film ‘Xuan Zang’ was a co-production between the Chinese Film Company Ltd. and Eros (India) International. The movie ‘Kung Fu Yoga’ is currently being filmed in India.

  • Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    MUMBAI: There was bloodbath on the bourses as the benchmark Bombay Stock Exchange (BSE) Sensex crashed below the 23,000-level to close at 22,951.83, down 807.07 points (3.45 per cent) on Thursday, 11 February, 2016.

    The Nifty also crashed 232.30 points or 3.21 per cent to close the day at 6,983.40.

    Amongst other sectors that bore the brunt of this melt down, was also the media and entertainment sector, which saw red. Bucking the trend was Videocon Industries, which closed the day up 0.05 per cent at Rs 107.90 as compared to its previous day close of Rs 107.85.

    Balaji Telefilms was amongst one of the biggest losers with the stock slumping 14.57 per cent to close the day at Rs 89.70 as compared to its previous day close of Rs 105.

    Eros International Media slumped 12.40 per cent to Rs 156.85, down Rs 22.20 from its previous close of Rs 179.05.

    DQ Entertainment (International) was down 10 per cent to close the day at Rs 23.85 as compared to its previous day’s close of Rs 26.50.

    B.A.G Films & Media was down 9.87 per cent at Rs 3.47. Also affected was the direct to home (DTH) company Dish TV India, which closed the day at Rs 72.45, down 8.75 per cent.

    TV Today Network was down 7.16 per cent to close the day at Rs 280.60 and touched an intra day low of Rs 277.10.

    Network18 Media & Investments as well as Shemaroo Entertainment were down 6.32 per cent. While Shemaroo closed the day at Rs 249.10, Network18’s stock price stood at Rs 41.50 at the end of day’s trade.

    With a drop of 6.16 per cent, Saregama India closed the day at Rs 251.20, whereas multi system operator (MSO) Hathway Cable & Datacom lost 5.39 per cent to close the day at Rs 35.10.

    Den Networks dipped 5.22 per cent to close at Rs 66.30 after touching an intra-day high of Rs 71. Meanwhile Zee Learn was down 5.08 per cent to close at Rs 32.70.

    The Maran-owned Sun TV Network was down 4.48 per cent with the stock closing at Rs 326.40.

    MSO Siti Cable Network at Rs 33.10 was down 4.20 per cent as compared to its previous close of Rs 34.55.

    After opening at Rs 195.80 and touching an intra-day high of Rs 196, the Orissa based MSO Ortel Communications was also in the red, down 2.76 per cent to close the day at Rs 180 as compared to its previous day close of Rs 185.10.

    PVR’s stock was down 2.68 per cent to close the day at Rs 709.75. The company’s shares touched an intra-day high of Rs 735.80 and an intra-day low of Rs 695.

    Zee Entertainment Enterprises Limited (ZEEL) was down 2.64 per cent. The stock closed at Rs 369.40 from its previous close of Rs 379.40.
    Jagran Prakashan was down 2.31 per cent to close at Rs 156.30, whereas Zee Media Corporation closed at Rs 17.75 and was down 2.20 per cent.

    Entertainment India Ltd (ENIL) was down 1.64 per cent to close at Rs 673.30, while HT Media’s shares were down 0.46 per cent to close at Rs 75.65. Tips Industries’ stock closed at Rs 61.95, down 0.24 per cent.
    NDTV India remained at its previous day’s close of Rs 102.20 witnessing no change. The stock, however, touched an intra-day low of Rs 99.10.
    Share prices of all the companies in the 15 stock Nifty Media Index fell today. The Index was down 3.75 per cent, a fall that was more than the 3.32 per cent drop by the NSE Nifty 50.

    The Nifty Media Index opened at the start of the trading day at 2261.35 points, which was the high for the day. The Media Index witnessed a low of 2161.50, with the last traded price of 2177.45. The volume traded today was 127.36 lakhs (12.74 million) with a traded value of Rs 185.48 crore

    Although more shares of TV18 Broadcast changed hands (69.02 lakh, traded value Rs 26.12 crore), Zee Entertainment (Zeel) saw a traded value of Rs 93.22 crore (a little more than 50 per cent of the Media Index traded value for the day) on a volume of 25.04 lakh. Sun TV was another actively traded stock that saw volumes of 8.81 lakh on a traded value of Rs 29.42 crore.

  • Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    MUMBAI: There was bloodbath on the bourses as the benchmark Bombay Stock Exchange (BSE) Sensex crashed below the 23,000-level to close at 22,951.83, down 807.07 points (3.45 per cent) on Thursday, 11 February, 2016.

    The Nifty also crashed 232.30 points or 3.21 per cent to close the day at 6,983.40.

    Amongst other sectors that bore the brunt of this melt down, was also the media and entertainment sector, which saw red. Bucking the trend was Videocon Industries, which closed the day up 0.05 per cent at Rs 107.90 as compared to its previous day close of Rs 107.85.

    Balaji Telefilms was amongst one of the biggest losers with the stock slumping 14.57 per cent to close the day at Rs 89.70 as compared to its previous day close of Rs 105.

    Eros International Media slumped 12.40 per cent to Rs 156.85, down Rs 22.20 from its previous close of Rs 179.05.

    DQ Entertainment (International) was down 10 per cent to close the day at Rs 23.85 as compared to its previous day’s close of Rs 26.50.

    B.A.G Films & Media was down 9.87 per cent at Rs 3.47. Also affected was the direct to home (DTH) company Dish TV India, which closed the day at Rs 72.45, down 8.75 per cent.

    TV Today Network was down 7.16 per cent to close the day at Rs 280.60 and touched an intra day low of Rs 277.10.

    Network18 Media & Investments as well as Shemaroo Entertainment were down 6.32 per cent. While Shemaroo closed the day at Rs 249.10, Network18’s stock price stood at Rs 41.50 at the end of day’s trade.

    With a drop of 6.16 per cent, Saregama India closed the day at Rs 251.20, whereas multi system operator (MSO) Hathway Cable & Datacom lost 5.39 per cent to close the day at Rs 35.10.

    Den Networks dipped 5.22 per cent to close at Rs 66.30 after touching an intra-day high of Rs 71. Meanwhile Zee Learn was down 5.08 per cent to close at Rs 32.70.

    The Maran-owned Sun TV Network was down 4.48 per cent with the stock closing at Rs 326.40.

    MSO Siti Cable Network at Rs 33.10 was down 4.20 per cent as compared to its previous close of Rs 34.55.

    After opening at Rs 195.80 and touching an intra-day high of Rs 196, the Orissa based MSO Ortel Communications was also in the red, down 2.76 per cent to close the day at Rs 180 as compared to its previous day close of Rs 185.10.

    PVR’s stock was down 2.68 per cent to close the day at Rs 709.75. The company’s shares touched an intra-day high of Rs 735.80 and an intra-day low of Rs 695.

    Zee Entertainment Enterprises Limited (ZEEL) was down 2.64 per cent. The stock closed at Rs 369.40 from its previous close of Rs 379.40.
    Jagran Prakashan was down 2.31 per cent to close at Rs 156.30, whereas Zee Media Corporation closed at Rs 17.75 and was down 2.20 per cent.

    Entertainment India Ltd (ENIL) was down 1.64 per cent to close at Rs 673.30, while HT Media’s shares were down 0.46 per cent to close at Rs 75.65. Tips Industries’ stock closed at Rs 61.95, down 0.24 per cent.
    NDTV India remained at its previous day’s close of Rs 102.20 witnessing no change. The stock, however, touched an intra-day low of Rs 99.10.
    Share prices of all the companies in the 15 stock Nifty Media Index fell today. The Index was down 3.75 per cent, a fall that was more than the 3.32 per cent drop by the NSE Nifty 50.

    The Nifty Media Index opened at the start of the trading day at 2261.35 points, which was the high for the day. The Media Index witnessed a low of 2161.50, with the last traded price of 2177.45. The volume traded today was 127.36 lakhs (12.74 million) with a traded value of Rs 185.48 crore

    Although more shares of TV18 Broadcast changed hands (69.02 lakh, traded value Rs 26.12 crore), Zee Entertainment (Zeel) saw a traded value of Rs 93.22 crore (a little more than 50 per cent of the Media Index traded value for the day) on a volume of 25.04 lakh. Sun TV was another actively traded stock that saw volumes of 8.81 lakh on a traded value of Rs 29.42 crore.

  • Eros readies pipeline of 65 movies across 7 languages in 2016

    Eros readies pipeline of 65 movies across 7 languages in 2016

    MUMBAI: Even as it has been embroiled in controversy over the last few months regarding its accounting practices, Eros International is planning to release as many as 65 movies in 2016 across seven different Indian languages like Hindi, Marathi, Tamil, Telugu, Malayalam, Bengali and Punjabi.

     

    Additionally, Eros is also planning to release Sanjay Leela Bhansali’s Bajirao Mastani in China and other international markets in 2016.

     

    HINDI

     

    Eros’ Hindi films pipeline for 2016 includes R. Balki’s Ki & Ka starring Arjun Kapoor and Kareena Kapoor, the promos of which are already out. The company will also be releasing Sajid Nadiadwala’s Housefull 3 starring Akshay Kumar, and Rohit Dhawan’s Dishoom starring John Abraham and Varun Dhawan.

     

    Baar Baar Dekho – a love story starring Katrina Kaif and Siddharth Malhotra will be releasing in association with Dharma Production, whereas Rock On 2 featuring Farhan Akhtar and Shraddha Kapoor will be released with Excel Entertainment.

     

    After associating with producer-director Aanand L Rai on films like Tanu Weds Manu Returns and Raanjhanaa, Eros will release multiple films with Rai’s joint production company Colour Yellow Production. These include Nil Battey Sannata that has received a good response at various festivals including the 20th Busan International Film Festival, 59th BFI London Film Festival with Swara Bhaskar wining the Best Actress at the Silk Road Film Festival of China. Also in the pipeline are films like Happy Bhaag Jayegi, a comedy that will present the first-time pair of Abhay Deol and Diana Penty and Manmarziyan, a romantic drama starring Bhumi Pednekar and Ayushmann Khurrana. 

     

    Apart from these, Rai is also working on his own directorial film, which will go into production this summer.

     

    This Diwali, Eros will release Ajay Devgn’s action drama – Shivaay. 

     

    After co-producing films like Goliyon Ki Rasleela Ram-Leela and Bajirao Mastani, Eros and Bhansali Productions will be joining hands on more co-productions, details of which will be announced at a later date. 

     

    Also scheduled to go on floor this year will be Eros and Phantom’s socio-drama superhero film Bhavesh Joshistarring Harshvardhan Kapoor to be directed by Vikramaditya Motwane.

     

    Other films slated to release in 2016 include Hansal Mehta’s critically-acclaimed Aligarh, Marathi director and National award winner Ravi Jadhav’s Hindi debut Banjo starring Riteish Deshmukh and Nargis Fakri, director Mohit Jha’s sports drama Saat Kadam and Pawan Kripalani’s psychological thriller Phobia starring Raadhika Apte.

     

    Eros will also release Vinay Sapru and Radhika Rao’s musical love story Sanam Teri Kasam starringnewcomers Harshvardhan Rane and Pakistani actress Mawra Hocane; Do Lafzon Ki Kahani by Deepak Tijori with Randeep Hooda and Kajal Agarwal as the lead pair along with Saif Ali Khan starrer Chef, a remake of 2014’s Hollywood hit Chef.

     

    REGIONAL LANGUAGES

     

    The company’s regional slate includes Marathi films like Sanjay Jadhav’s Guru, National award winning director Sujay Dahake’s Phuntroo, and Prakash Kunte’s & Jara Hatke. 

     

    Eros has already released the Telugu films – Balakrishna’s Dictator on 14 January, Pawan Kalyan’s Sardar Gabbar Singh, Mammootty’s Malayalam films White and Fahad Fazil’s Nale along with 2 Penkuttikalfeaturing Tovino Thomas, Amala Paul, Anju Kurian and Anna Fathima.

     

    Following the release of Bengali film Monchora by Sandip Ray with Abir Chatterjee and Raima Sen in January, Eros will release Prakton directed by Shiboprasad Mukherjee starring Prosenjit Chatterjee and Rituparna Sengupta paired together after a decade. 

     

    The Tamil movies’ in the pipeline include the Sivakarthikeyan starrer Rajini Murugan that released earlier this month; Suriya’s 24 directed by Vikram, Enkitta Mothathe, which is cinematographer Natarajan Subramaniam’s (Nutty) debut as an actor with Sanchita Shetty directed by Ramu Chellapa, actor Jaya Prada’s first Tamil production Uyire Uyire, Suriya’s Singam 3, Kai Neelam directed by Nalan Kumarsamy, Oru Kidayin Karunai Mamu directed by Suresh Sangiah and an untitled film starring mega star Karthi.

     

    The company is also collaborating with Harry Baweja to co-produce the sequel to the 3D animation film, Chaar Sahibzade, titled Chaar Sahibzaade 2 (Rise of Banda Singh Bahadur) followed by another 3D animation film Guru Tegh Bahadur. 

     

    Commenting on the company’s line-up, Eros International Media managing director Sunil Lulla said, “We have seen an excellent 2015 with the resounding success of Tanu Weds Manu Returns, peaking with the multiple-record breaking Bajrangi Bhaijaan and ending the year with our crowning glory Bajirao Mastani. We are at a very exciting phase in Eros and have an equally promising slate coming up this year that will reinforce and further strengthen our leadership position in the Indian media and entertainment industry. As a strategy, we will continue to diversify our presence across difference film genres, budgets and languages with a mix of popular and content driven cinema. In a few weeks, we will showcase to the world the first set of films under our Trinity franchise banner. Also scheduled to go on floor this year are some exciting directorial ventures by Sanjay Leela Bhansali, Kabir Khan, Aanand L Rai, Homi Ajadania, Sujoy Ghosh, Nishikant Kamat and Siddharth Anand. We hope and believe that 2016 will be just as magical as 2015 has been.”

  • Eros readies pipeline of 65 movies across 7 languages in 2016

    Eros readies pipeline of 65 movies across 7 languages in 2016

    MUMBAI: Even as it has been embroiled in controversy over the last few months regarding its accounting practices, Eros International is planning to release as many as 65 movies in 2016 across seven different Indian languages like Hindi, Marathi, Tamil, Telugu, Malayalam, Bengali and Punjabi.

     

    Additionally, Eros is also planning to release Sanjay Leela Bhansali’s Bajirao Mastani in China and other international markets in 2016.

     

    HINDI

     

    Eros’ Hindi films pipeline for 2016 includes R. Balki’s Ki & Ka starring Arjun Kapoor and Kareena Kapoor, the promos of which are already out. The company will also be releasing Sajid Nadiadwala’s Housefull 3 starring Akshay Kumar, and Rohit Dhawan’s Dishoom starring John Abraham and Varun Dhawan.

     

    Baar Baar Dekho – a love story starring Katrina Kaif and Siddharth Malhotra will be releasing in association with Dharma Production, whereas Rock On 2 featuring Farhan Akhtar and Shraddha Kapoor will be released with Excel Entertainment.

     

    After associating with producer-director Aanand L Rai on films like Tanu Weds Manu Returns and Raanjhanaa, Eros will release multiple films with Rai’s joint production company Colour Yellow Production. These include Nil Battey Sannata that has received a good response at various festivals including the 20th Busan International Film Festival, 59th BFI London Film Festival with Swara Bhaskar wining the Best Actress at the Silk Road Film Festival of China. Also in the pipeline are films like Happy Bhaag Jayegi, a comedy that will present the first-time pair of Abhay Deol and Diana Penty and Manmarziyan, a romantic drama starring Bhumi Pednekar and Ayushmann Khurrana. 

     

    Apart from these, Rai is also working on his own directorial film, which will go into production this summer.

     

    This Diwali, Eros will release Ajay Devgn’s action drama – Shivaay. 

     

    After co-producing films like Goliyon Ki Rasleela Ram-Leela and Bajirao Mastani, Eros and Bhansali Productions will be joining hands on more co-productions, details of which will be announced at a later date. 

     

    Also scheduled to go on floor this year will be Eros and Phantom’s socio-drama superhero film Bhavesh Joshistarring Harshvardhan Kapoor to be directed by Vikramaditya Motwane.

     

    Other films slated to release in 2016 include Hansal Mehta’s critically-acclaimed Aligarh, Marathi director and National award winner Ravi Jadhav’s Hindi debut Banjo starring Riteish Deshmukh and Nargis Fakri, director Mohit Jha’s sports drama Saat Kadam and Pawan Kripalani’s psychological thriller Phobia starring Raadhika Apte.

     

    Eros will also release Vinay Sapru and Radhika Rao’s musical love story Sanam Teri Kasam starringnewcomers Harshvardhan Rane and Pakistani actress Mawra Hocane; Do Lafzon Ki Kahani by Deepak Tijori with Randeep Hooda and Kajal Agarwal as the lead pair along with Saif Ali Khan starrer Chef, a remake of 2014’s Hollywood hit Chef.

     

    REGIONAL LANGUAGES

     

    The company’s regional slate includes Marathi films like Sanjay Jadhav’s Guru, National award winning director Sujay Dahake’s Phuntroo, and Prakash Kunte’s & Jara Hatke. 

     

    Eros has already released the Telugu films – Balakrishna’s Dictator on 14 January, Pawan Kalyan’s Sardar Gabbar Singh, Mammootty’s Malayalam films White and Fahad Fazil’s Nale along with 2 Penkuttikalfeaturing Tovino Thomas, Amala Paul, Anju Kurian and Anna Fathima.

     

    Following the release of Bengali film Monchora by Sandip Ray with Abir Chatterjee and Raima Sen in January, Eros will release Prakton directed by Shiboprasad Mukherjee starring Prosenjit Chatterjee and Rituparna Sengupta paired together after a decade. 

     

    The Tamil movies’ in the pipeline include the Sivakarthikeyan starrer Rajini Murugan that released earlier this month; Suriya’s 24 directed by Vikram, Enkitta Mothathe, which is cinematographer Natarajan Subramaniam’s (Nutty) debut as an actor with Sanchita Shetty directed by Ramu Chellapa, actor Jaya Prada’s first Tamil production Uyire Uyire, Suriya’s Singam 3, Kai Neelam directed by Nalan Kumarsamy, Oru Kidayin Karunai Mamu directed by Suresh Sangiah and an untitled film starring mega star Karthi.

     

    The company is also collaborating with Harry Baweja to co-produce the sequel to the 3D animation film, Chaar Sahibzade, titled Chaar Sahibzaade 2 (Rise of Banda Singh Bahadur) followed by another 3D animation film Guru Tegh Bahadur. 

     

    Commenting on the company’s line-up, Eros International Media managing director Sunil Lulla said, “We have seen an excellent 2015 with the resounding success of Tanu Weds Manu Returns, peaking with the multiple-record breaking Bajrangi Bhaijaan and ending the year with our crowning glory Bajirao Mastani. We are at a very exciting phase in Eros and have an equally promising slate coming up this year that will reinforce and further strengthen our leadership position in the Indian media and entertainment industry. As a strategy, we will continue to diversify our presence across difference film genres, budgets and languages with a mix of popular and content driven cinema. In a few weeks, we will showcase to the world the first set of films under our Trinity franchise banner. Also scheduled to go on floor this year are some exciting directorial ventures by Sanjay Leela Bhansali, Kabir Khan, Aanand L Rai, Homi Ajadania, Sujoy Ghosh, Nishikant Kamat and Siddharth Anand. We hope and believe that 2016 will be just as magical as 2015 has been.”

  • Eros International to release ‘2 Penkuttikal’

    Eros International to release ‘2 Penkuttikal’

    MUMBAI: Eros International Media Ltd (Eros International), the leading global company in the Indian film entertainment industry, has announced the release of its upcoming Malayalam film 2 Penkuttikal, coproduced by Cinema Cooks and Eiffel Entertainments. Featuring Tovino Thomas, Amala Paul, Anju Kurian and Anna Fathima, the film will release on 22 January, 2016.

     

    Directed by Jeo Baby, 2 Penkuttikal is a drama about the story of two girls, their struggles and their lives. Anna Fathima has received the Kerala State Award for the Best Child Artist for this film. The film has been edited by Rahman Muhammed Ali and has music by Mathews Pulickan.

     

     After two consecutive Malayalam successes Jeethu Joseph’s Life of Josutty and Salim Ahamed’s Pathemari with the super star Mammootty, Eros continues to invest in high quality film content in regional markets. Commenting on the new venture, Eros International Media Ltd. MD Sunil Lulla said, “At Eros, we continue to focus on our strategic expansion in the Southern markets. The Malayalam film industry has talent in abundance and we are happy to continue our associations with such talent in this industry. This tale of two girls promises to be a poignant film, one that will touch the hearts of the audiences across all generations.”

  • Audioboom partners ErosNow for India foray

    Audioboom partners ErosNow for India foray

    MUMBAI: Prepping up for its launch in the Indian market, audio content providing on-demand platform Audioboom has entered into an agreement with Eros International’s digital OTT platform  ErosNow. 

     

    The two companies will operate on an advertising revenue share arrangement.

     

    Under the deal, ErosNow will equip its 30 million registered users with access to exclusive Audioboom local and global podcasts and entertainment, comedy, sports, news and current affairs content.

     

    Through the partnership, ErosNow users will be able to personalise their own listening experience within the ErosNow app, with access to music and spoken word audio on-demand as well as films and TV shows. Eros will provide Audioboom with access to the very best of Bollywood acting talent for the creation and distribution of exclusive spoken-word audio content for the Indian market and beyond.

     

    A key element of the proposed partnership will see Audioboom responsible for all audio content curation (music and spoken word), ad sales and ad campaign delivery within the audio section of the ErosNow mobile and web applications. 

     

    Pending the signing of a long form agreement, the parties will work together closely around technical integration and ad sales implementation.

     

    Audioboom CEO Rob Proctor said, “I am excited to be partnering with Eros and continue our global expansion with the leading entertainment company in India. We’re delighted to bring Audioboom’s extensive audio content to Eros’ massive audience, and to be creating high-quality audio with some of Eros’ biggest Bollywood stars. The opportunity to create highly-sought after on-demand audio, along with the potential revenue opportunities that this brings, gives us significant first mover advantage in this very important and lucrative market.”

     

    Eros Digital CEO Rishika Lulla Singh added, “We’re always looking for new ways to engage and connect our users to their favorite celebrities on ErosNow, offering behind the scenes exclusives and star cast interviews. With their focus on sharing content and social network integration, the Audioboom platform is the perfect partner for ErosNow, providing a new medium for our talent to connect with their fans.”

  • US research firm finds Eros International accounting practises inappropriate; law firm files class action litigation

    US research firm finds Eros International accounting practises inappropriate; law firm files class action litigation

    BENGALURU: US research firm Alpha Exposure (AE) has found Eros International Plc’s accounting practises inappropriate, especially the way it amortises its films as compared to US film makers. 

     

    By stretching its amortisation period, Eros is significantly able to reduce its expenses and hence shows higher earnings alleges AE. Through its publication seekingalpha.com, the firm had published three reports – on 30 October, 2015 titled Unlike The Name, Investors Should Not Love EROS, on 13 November, 2015 titled Eros: Is The Game Finally Over? We Think So, and on 17 November, 2015 titled Eros: A Short Story.

     

    Based on these reports, US law firm Lieff Cabraser Heimann & Bernstein, LLP announced today that Securities fraud class action litigation has been filed on behalf of investors in Eros International Plc by it. The law firm has asked investors who have purchased or otherwise acquired the securities of Eros between 12 November, 2013 and 13 November, 2015, inclusive (the “Class Period”), including pursuant and/or traceable to Eros’s initial public offering (“IPO”) on or about 12 November, 2013, they may move the court for appointment as lead plaintiff by no later than 12 January, 2016. 

     

    The firm’s Case Center  (http://www.lieffcabraser.com/Case-Center/Eros.shtml) on its website informs investors: “You may retain Lieff Cabraser Heimann & Bernstein, LLP, or other attorneys, as your counsel in the action. Recognized by the National Law Journal as one of the nation’s top plaintiffs’ law firms, Lieff Cabraser is committed to safeguarding the rights of investors and upholding the integrity of the market. We have significant experience and a successful track record of representing institutional and individual investors in securities and financial fraud litigation.”

     

    “Eros investors may choose to have Lieff Cabraser review their claim by completing the contact form below. You can also call Sharon M. Lee of Lieff Cabraser at 1-800-541-7358 to discuss the litigation.”

     

    A summary of the 30 October, 2015 report on seekingalpha.com is listed below: 

    (1) Due to aggressive accounting practices, Eros’ reported earnings are significantly overstating the economic reality of its business model.

     

    (2) Eros’ subsidiary financials reveal a lack of free cash flow and raise many questions about the company’s accounting.

     

    (3) The company has enriched its controlling family at the expense of shareholders through a series of related-party transactions.

     

    (4) Eros Now is poorly positioned to win the battle for streaming media in India and appears to have made meaningful misstatements to investors.

     

    (5) Based on the company’s persistent negative free cash flow and growing debt and share count, we believe the stock is worthless.

     

    The full report dated can be read at: http://seekingalpha.com/article/3621886-unlike-the-name-investors-should-not-love-eros