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Tag: Srimanthudu

  • FY-16: Eros International Media revenue up

    FY-16: Eros International Media revenue up

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

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

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

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

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

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

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

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

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

    Films released in FY-16

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

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

    Company speak

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

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

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

  • FY-16: Eros International Media revenue up

    FY-16: Eros International Media revenue up

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

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

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

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

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

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

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

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

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

    Films released in FY-16

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

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

    Company speak

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

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

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

  • IIFA Utsavam celebrates South Indian Cinema

    IIFA Utsavam celebrates South Indian Cinema

    MUMBAI:  IIFA Utsavam  took over Hyderabad as the biggest megastars of the Tamil, Malayalam, Telugu and Kannada Film Industries descended for the celebrations on 24  and  25 January, 2016. The award ceremony took place at the Gachibowli Outdoor Stadium in Hyderabad 

     

    On day one the Tamil Film Awards, Baahubali won the best picture, supporting role male, supporting role female, playback singer male and playback singer female. Jayam Ravi won the award for leading role male for his performance in Thani Oruvan while Nayanthara walked away with the award for leading role female for May.

     

    For the Malayalam film awards, Ennu Ninte Moideen took home the highest number of accolades with a total tally of five awards including Best Picture, Leading Role (Male), Leading Role (Female), Supporting Role (Female) and Playback Singer (Female). Prithviraj Sukumaran and Parvathi Menon won Best Actor and Best Actress for their film Ennu Ninte Moideen.

     

    Kavya Madhavan opened the evening at the awards ceremony followed by superstar divas Shriya Saran, Adah Sharma, Tapsee Pannu, Mamta Mohandas and Nikki Galrani, who held the audience spell-bound with their stunning performances. Also, the dynamic star Bharath set the stage on fire with some incredible moves.

     

    On day 2, Srimanthudu took home the highest number of accolades with a total tally of six awards including leading role male, leading role female, supporting role male, music direction, lyrics, playback singer male for the Telugu awards. Following closely was Baahubali-The Beginning with five awards. Mahesh Babu won the award for leading role male and Shruti Hassan won for leading role female for their amazing performance in the hit film Srimanthudu.

     

    For the Kannada awards, Rangitaranga took home the highest number of accolades with a total tally of six awards including best picture, direction, supporting role male, negative role, music direction and lyrics.

     

     

    The evening came alive as dynamic superstars Tamannaah, Akhil Akkineni, Ram Charan and Shivraj created unstoppable magic with their stellar performances. Prabhudeva and Shriya Saran also stunned audiences with their electrifying performances and awesome dance moves.

     

    Speaking about the success of the premiere edition of IIFA Utsavam, Wizcraft International Entertainment director Andre Timmins said, “We are thrilled at the phenomenal success of the very first edition of IIFA Utsavam. Our dream to bring South Indian cinema much deserved recognition and a global platform has finally come true. It is truly and honor to felicitate commendable individuals on their talent and hard work in the year gone by and we congratulate & wish all the winners the very best for their future projects. This is just the beginning; IIFA Utsavam  is all geared up to create more milestones and leave cinema fans spellbound in years to come”

  • IIFA Utsavam celebrates South Indian Cinema

    IIFA Utsavam celebrates South Indian Cinema

    MUMBAI:  IIFA Utsavam  took over Hyderabad as the biggest megastars of the Tamil, Malayalam, Telugu and Kannada Film Industries descended for the celebrations on 24  and  25 January, 2016. The award ceremony took place at the Gachibowli Outdoor Stadium in Hyderabad 

     

    On day one the Tamil Film Awards, Baahubali won the best picture, supporting role male, supporting role female, playback singer male and playback singer female. Jayam Ravi won the award for leading role male for his performance in Thani Oruvan while Nayanthara walked away with the award for leading role female for May.

     

    For the Malayalam film awards, Ennu Ninte Moideen took home the highest number of accolades with a total tally of five awards including Best Picture, Leading Role (Male), Leading Role (Female), Supporting Role (Female) and Playback Singer (Female). Prithviraj Sukumaran and Parvathi Menon won Best Actor and Best Actress for their film Ennu Ninte Moideen.

     

    Kavya Madhavan opened the evening at the awards ceremony followed by superstar divas Shriya Saran, Adah Sharma, Tapsee Pannu, Mamta Mohandas and Nikki Galrani, who held the audience spell-bound with their stunning performances. Also, the dynamic star Bharath set the stage on fire with some incredible moves.

     

    On day 2, Srimanthudu took home the highest number of accolades with a total tally of six awards including leading role male, leading role female, supporting role male, music direction, lyrics, playback singer male for the Telugu awards. Following closely was Baahubali-The Beginning with five awards. Mahesh Babu won the award for leading role male and Shruti Hassan won for leading role female for their amazing performance in the hit film Srimanthudu.

     

    For the Kannada awards, Rangitaranga took home the highest number of accolades with a total tally of six awards including best picture, direction, supporting role male, negative role, music direction and lyrics.

     

     

    The evening came alive as dynamic superstars Tamannaah, Akhil Akkineni, Ram Charan and Shivraj created unstoppable magic with their stellar performances. Prabhudeva and Shriya Saran also stunned audiences with their electrifying performances and awesome dance moves.

     

    Speaking about the success of the premiere edition of IIFA Utsavam, Wizcraft International Entertainment director Andre Timmins said, “We are thrilled at the phenomenal success of the very first edition of IIFA Utsavam. Our dream to bring South Indian cinema much deserved recognition and a global platform has finally come true. It is truly and honor to felicitate commendable individuals on their talent and hard work in the year gone by and we congratulate & wish all the winners the very best for their future projects. This is just the beginning; IIFA Utsavam  is all geared up to create more milestones and leave cinema fans spellbound in years to come”

  • Eros’ Telugu film ‘Dictator’ completes first schedule in Hyd; moves to Europe

    Eros’ Telugu film ‘Dictator’ completes first schedule in Hyd; moves to Europe

    MUMBAI: Eros International Media has completed the first schedule of its Telugu production – Natasimha Balakrishna’s Dictator in Hyderabad.

     

    Eros International Media managing director Sunil Lulla said, “Telugu cinema is going through an exciting phase and we are very happy to associate with the best talent in the industry. After the success of our maiden Telugu production, Srimanthudu, we are happy to share that the shooting part of our upcoming Telugu movie Dictator with Natasimha Balakrishna and Sriwass is going on in full swing. With Dictator, we aim to further expand and strengthen Eros’ footprint in south Indian cinema.”

     

    Produced by Eros International in association with Vedaashwa Creations, the film is directed by Sriwass and marks as Balakrishna’s 99th film. The action entertainer also stars Anjali and Sonal Chauhan along with Ravi Kishan, Sayaji Shinde, Nazar and Prudhvi amongst others.

     

    Veteran writer M Ratnam is the dialogue writer, while writer duo Kona Venkat and Gopi Mohan have penned the story for the film.

     

    Sriwass said, “We have successfully completed the first schedule recently and I’m thankful to Eros for making available all the resources that I needed for filming. We’re now going ahead with full gusto for our upcoming foreign schedule in Europe where we will be canning some talkie, action and songs. I’m confident that Dictator will become a hugely successful milestone in Eros’ journey. Dictator is going to be an eye feast for the audience as we’ve got a great story that will be told with great production values.”

     

    The film is being picturised in Hyderabad, Delhi and some locations in Europe.