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Tag: Tanu Weds Manu Returns

  • BSE seeks & gets clarification on Eros Now-RelianceJio deal

    BSE seeks & gets clarification on Eros Now-RelianceJio deal

    MUMBAI: The Bombay Stock Exchange (BSE), which had sought clarification from Eros International Media Ltd on a partnership with Reliance Jio, has been told that the deal pertains to US-based parent Eros International Plc and not the India-listed entity.

    On 25 August, Eros International had announced a deal between its over-the -top (OTT) platform Eros Now and Mukesh Ambani-led Reliance Jio, which is slated to launch its telecom services soon offering subscribers high- speed broadband and other related services.

    The Eros Now service with its huge library of Bollywood movies, including recent blockbusters such asBajrangi Bhaijaan, Bajirao Mastaani, Tanu Weds Manu Returns, Prem Ratan Dhan Payo, will power Jio’s on-demand entertainment offering.

    The company in its announcement yesterday claimed the “game changing partnership” with Reliance Jio will allow consumers to access high quality Eros Now service within the Jio ecosystem. Jio will provide Eros Now with an opportunity to acquire new subscribers throughout urban and rural India, the company had stated.

    Eros International group CEO and MD Jyoti Deshpande was quoted in an official statement as saying , “As a market leader in the film business, Eros has always strived to bring our users the best of Indian entertainment, offering them the same unified experience across screens and networks. Eros Now’s philosophy is to be platform agnostic and embrace the very best in technology as we continuously enhance our content offering. With the broadband and 4G stage set to explode, our alliance with Jio is part of our philosophy to provide consumers entertainment whenever and wherever they want it.”

    Eros Now has over 44 million registered users across Web, WAP and APP globally and is available across 135 countries with a vast majority of users from India. Currently it’s focused on monetization and achieving a target of one million paying subscribers by the end of fiscal year 2017.

    With a pricing of Rs. 49 ($0.73) per month for a streaming service and Rs. 99 ($1.47) per month, which has additional features such as offline viewing, high definition, subtitles and progressive viewing, the Eros Now service is competitively priced in India compared to other OTT services offering Indian language and international content, the company had claimed.

  • BSE seeks & gets clarification on Eros Now-RelianceJio deal

    BSE seeks & gets clarification on Eros Now-RelianceJio deal

    MUMBAI: The Bombay Stock Exchange (BSE), which had sought clarification from Eros International Media Ltd on a partnership with Reliance Jio, has been told that the deal pertains to US-based parent Eros International Plc and not the India-listed entity.

    On 25 August, Eros International had announced a deal between its over-the -top (OTT) platform Eros Now and Mukesh Ambani-led Reliance Jio, which is slated to launch its telecom services soon offering subscribers high- speed broadband and other related services.

    The Eros Now service with its huge library of Bollywood movies, including recent blockbusters such asBajrangi Bhaijaan, Bajirao Mastaani, Tanu Weds Manu Returns, Prem Ratan Dhan Payo, will power Jio’s on-demand entertainment offering.

    The company in its announcement yesterday claimed the “game changing partnership” with Reliance Jio will allow consumers to access high quality Eros Now service within the Jio ecosystem. Jio will provide Eros Now with an opportunity to acquire new subscribers throughout urban and rural India, the company had stated.

    Eros International group CEO and MD Jyoti Deshpande was quoted in an official statement as saying , “As a market leader in the film business, Eros has always strived to bring our users the best of Indian entertainment, offering them the same unified experience across screens and networks. Eros Now’s philosophy is to be platform agnostic and embrace the very best in technology as we continuously enhance our content offering. With the broadband and 4G stage set to explode, our alliance with Jio is part of our philosophy to provide consumers entertainment whenever and wherever they want it.”

    Eros Now has over 44 million registered users across Web, WAP and APP globally and is available across 135 countries with a vast majority of users from India. Currently it’s focused on monetization and achieving a target of one million paying subscribers by the end of fiscal year 2017.

    With a pricing of Rs. 49 ($0.73) per month for a streaming service and Rs. 99 ($1.47) per month, which has additional features such as offline viewing, high definition, subtitles and progressive viewing, the Eros Now service is competitively priced in India compared to other OTT services offering Indian language and international content, the company had claimed.

  • Tata Sky marks decade with all-channels offer to subscribers during Olympics

    Tata Sky marks decade with all-channels offer to subscribers during Olympics

    NEW DELHI: As a special gesture to mark ten years of its completion, subscribers will get to view all the 500 + channels and services that Tata Sky has to offer at no additional cost to their subscription between 8 to 21 August.H, Kapoor and Sons, Airlift, Maanjhi The Mountain Man, Bajirao Mastani, Shaandar, Tamashaa, Tanu Weds Manu Returns, Dil Dhadakne Do, Jazbaa and Badlapur to the subscriber base free of cost.

    As a part of the celebrations, Tata Sky is carrying a special ‘Celebrating 10 Years’ logo on its DTH platform.

    Tata Sky’s MD & CEO Harit Nagpal said, “We couldn’t have celebrated this milestone without involving our subscribers, who have been at the core of our journey through the decade. Our celebratory offerings are just our way of conveying to our subscribers that Tata Sky ensures they get the best of world class entertainment viewing in abundance.”

    He added that this celebratory offer could not have come at a more opportune time as all subscribers can watch the much-awaited Rio Olympics at no additional cost.

    Over the last decade, Tata Sky said in a release that it had revolutionised Indian home entertainment by empowering television viewers with choice, control and convenience through a wide array of programming choices and interactive features.

    It claimed to have many revolutionary firsts under its belt, right from the PVR (Personal Video Recorder) set-top box, 4K Set top box, to first ever DIY (Do-It-Yourself) videos and an array of successful interactive services, thereby living up to its promise of offering Indian subscribers a world-class television viewing experience through its satellite television service.

  • Tata Sky marks decade with all-channels offer to subscribers during Olympics

    Tata Sky marks decade with all-channels offer to subscribers during Olympics

    NEW DELHI: As a special gesture to mark ten years of its completion, subscribers will get to view all the 500 + channels and services that Tata Sky has to offer at no additional cost to their subscription between 8 to 21 August.H, Kapoor and Sons, Airlift, Maanjhi The Mountain Man, Bajirao Mastani, Shaandar, Tamashaa, Tanu Weds Manu Returns, Dil Dhadakne Do, Jazbaa and Badlapur to the subscriber base free of cost.

    As a part of the celebrations, Tata Sky is carrying a special ‘Celebrating 10 Years’ logo on its DTH platform.

    Tata Sky’s MD & CEO Harit Nagpal said, “We couldn’t have celebrated this milestone without involving our subscribers, who have been at the core of our journey through the decade. Our celebratory offerings are just our way of conveying to our subscribers that Tata Sky ensures they get the best of world class entertainment viewing in abundance.”

    He added that this celebratory offer could not have come at a more opportune time as all subscribers can watch the much-awaited Rio Olympics at no additional cost.

    Over the last decade, Tata Sky said in a release that it had revolutionised Indian home entertainment by empowering television viewers with choice, control and convenience through a wide array of programming choices and interactive features.

    It claimed to have many revolutionary firsts under its belt, right from the PVR (Personal Video Recorder) set-top box, 4K Set top box, to first ever DIY (Do-It-Yourself) videos and an array of successful interactive services, thereby living up to its promise of offering Indian subscribers a world-class television viewing experience through its satellite television service.

  • 63rd National Film Awards: ‘Baahubali’ is best film;’Bajirao Mastani’ bags largest number of awards for 2015

    63rd National Film Awards: ‘Baahubali’ is best film;’Bajirao Mastani’ bags largest number of awards for 2015

    New Delhi, 28 March: ‘Baahubali – The Beginning’ by S S Rajamouli, arguably the most expensive film ever made in India, today bagged the Best Film award for 2015, while megastar Amitabh Bachchan and Kangana Ranaut won awards for best artistes for ‘Piku’ and ‘Tanu weds Manu Returns’.‘Bajirao Mastani; bagged the largest number of awards with Sanjay Leela Bhansali getting the best director for the film at the 63rd National Film Awards for 2015, which will be presented on 3 May. ‘Baahubali – The Beginning’ also got the special effects award for V Srinivas Mohan.

    The Feature Film Central panel was headed by Ramesh Sippy, and comprised of 11 members including the chairman. The-Non Feature jury was headed by Vinod Ganatra and comprised seven members including the chairman. The jury on Best Writing on Cinema was headed by Advaita Kala and comprised three members including the chairperson.
    Prior to the announcement of the awards, the chairpersons of the three juries and members of the jury presented their reports to Information and Broadcasting Minister Arun Jaitley. MoS Rajyavardhan Rathore and secretary Sunil Arora were also present. Jaitley appreciated the efforts put in by the jury members in deciding the awards in various categories which reflected the diversity of India’s cinematic brilliance and diversity.

    Awards list in brief

    Interestingly, the highly acclaimed and internationally applauded film ‘Masaan’ only received theIndira Gandhi Award for Best Debut Film of a Director for Neeraj Ghaywan.

    Contrary to expectations, Tanvi Azmi bagged the supporting actress award for ‘Bajirao Mastani’ (as the names Deepika Padukone and Priyanka Chopra were also doing the rounds), while Samuthirakani got this award for the film ‘Visaaranai’, which also received the best Tamil Film and Best Editing awards (late Kishore T.E). Gaurav Menon was named best child artiste for ‘Ben’. Kalki Koelchin got a Special Jury Award for ‘Margarita with a straw’.

    ‘Bajirao Rao Mastani’ also won awards for Best choreography by Remo D’Souza for the song ‘Deewani Mastani’, Best Cinematography Sudeep Chaterjee, best sound design by Biswajit Chatterjee, re-recording of final mixed track by Justin Ghose, and best production design by Shriram Iyengar, Saloni Dhatrak and Sujeet Sawant.

    The Salman Khan-starrer ‘Bajrangi Bhaijaan’ by Kabir Khan was named for Best Popular Film Providing Wholesome Entertainment, while the best Hindi Film award was given to ‘Dum Laga Ke Haisha.’

    Also interestingly, apart from the top actor awards, ‘Piku’ and ‘Tanu Weds Manu Returns’ also bagged awards for both original screenplay and dialogues for Juhi Chaturvedi (Piku) and Himanshu Sharma (Tanu Weds Manu Returns) respectively. The renowned director Vishal Bhardwaj received the best adapted screenplay accolades for the crime drama ‘Talvar’ inspired by a real-life case.

    This is the fourth time that Bachchan, who entered the film industry in the late sixties, has won a national award. He had earlier bagged the award for ‘Agneepath’ in 1990, ‘Black’ in 2005 and ‘Paa’ in 2009.

    Ranaut earlier won the best actress award for ‘Queen’ and a supporting actor award for ‘Fashion’.

    The Nargis Dutt Award for Best Feature Film on National Integration went to ‘Nanak Shah Fakir’ which also bagged the awards for Best Costume Designer for Payal Sajula and Best Make-up Artist to Preetisheel G Singh and Clover Wootton for film ‘Nanak Shah Fakir’ by Gurbani Media Pvt. Ltd.

    The award for best film on Social Issues went to ‘Niranayakam’ by V K Prakash, the Environment Conservation/Preservation award went to ‘Valiya Chirakulla Pakshikal’ by Dr Biju, and ‘Duronto’ Soumendra Padhi got the best Children’s Film. There was a special mention for Ritika Singh for the film ‘Irudhi Suttru’.

    The award for best female playback went to Monali Thakur for the song ‘Moh Moh Ke Dhaage’ in ‘Dum Lagaa ke Haisha’ and Mahesh Kale won the male playback for ‘Katyar Kalijat Ghusli’.

    The veteran Ilaiyaraaja got the Direction – Background Score award for ‘Thaarai Thappattai’ while M Jayachandran won the best Music Direction award for the song ‘Kaathirunnu Kaathirunnu’ in the film ‘Ennu Ninte Moideen’.

    The best non-feature award went to Amdavad Ma Famous by Hardik Mehta. The best book on cinema book award went to Dr. Rajakumar Samagra Charithre by Doddahulluru Rukkoji and the best film critic award to Meghachandra Kongbam of Manipur.

     
     
  • 63rd National Film Awards: ‘Baahubali’ is best film;’Bajirao Mastani’ bags largest number of awards for 2015

    63rd National Film Awards: ‘Baahubali’ is best film;’Bajirao Mastani’ bags largest number of awards for 2015

    New Delhi, 28 March: ‘Baahubali – The Beginning’ by S S Rajamouli, arguably the most expensive film ever made in India, today bagged the Best Film award for 2015, while megastar Amitabh Bachchan and Kangana Ranaut won awards for best artistes for ‘Piku’ and ‘Tanu weds Manu Returns’.‘Bajirao Mastani; bagged the largest number of awards with Sanjay Leela Bhansali getting the best director for the film at the 63rd National Film Awards for 2015, which will be presented on 3 May. ‘Baahubali – The Beginning’ also got the special effects award for V Srinivas Mohan.

    The Feature Film Central panel was headed by Ramesh Sippy, and comprised of 11 members including the chairman. The-Non Feature jury was headed by Vinod Ganatra and comprised seven members including the chairman. The jury on Best Writing on Cinema was headed by Advaita Kala and comprised three members including the chairperson.
    Prior to the announcement of the awards, the chairpersons of the three juries and members of the jury presented their reports to Information and Broadcasting Minister Arun Jaitley. MoS Rajyavardhan Rathore and secretary Sunil Arora were also present. Jaitley appreciated the efforts put in by the jury members in deciding the awards in various categories which reflected the diversity of India’s cinematic brilliance and diversity.

    Awards list in brief

    Interestingly, the highly acclaimed and internationally applauded film ‘Masaan’ only received theIndira Gandhi Award for Best Debut Film of a Director for Neeraj Ghaywan.

    Contrary to expectations, Tanvi Azmi bagged the supporting actress award for ‘Bajirao Mastani’ (as the names Deepika Padukone and Priyanka Chopra were also doing the rounds), while Samuthirakani got this award for the film ‘Visaaranai’, which also received the best Tamil Film and Best Editing awards (late Kishore T.E). Gaurav Menon was named best child artiste for ‘Ben’. Kalki Koelchin got a Special Jury Award for ‘Margarita with a straw’.

    ‘Bajirao Rao Mastani’ also won awards for Best choreography by Remo D’Souza for the song ‘Deewani Mastani’, Best Cinematography Sudeep Chaterjee, best sound design by Biswajit Chatterjee, re-recording of final mixed track by Justin Ghose, and best production design by Shriram Iyengar, Saloni Dhatrak and Sujeet Sawant.

    The Salman Khan-starrer ‘Bajrangi Bhaijaan’ by Kabir Khan was named for Best Popular Film Providing Wholesome Entertainment, while the best Hindi Film award was given to ‘Dum Laga Ke Haisha.’

    Also interestingly, apart from the top actor awards, ‘Piku’ and ‘Tanu Weds Manu Returns’ also bagged awards for both original screenplay and dialogues for Juhi Chaturvedi (Piku) and Himanshu Sharma (Tanu Weds Manu Returns) respectively. The renowned director Vishal Bhardwaj received the best adapted screenplay accolades for the crime drama ‘Talvar’ inspired by a real-life case.

    This is the fourth time that Bachchan, who entered the film industry in the late sixties, has won a national award. He had earlier bagged the award for ‘Agneepath’ in 1990, ‘Black’ in 2005 and ‘Paa’ in 2009.

    Ranaut earlier won the best actress award for ‘Queen’ and a supporting actor award for ‘Fashion’.

    The Nargis Dutt Award for Best Feature Film on National Integration went to ‘Nanak Shah Fakir’ which also bagged the awards for Best Costume Designer for Payal Sajula and Best Make-up Artist to Preetisheel G Singh and Clover Wootton for film ‘Nanak Shah Fakir’ by Gurbani Media Pvt. Ltd.

    The award for best film on Social Issues went to ‘Niranayakam’ by V K Prakash, the Environment Conservation/Preservation award went to ‘Valiya Chirakulla Pakshikal’ by Dr Biju, and ‘Duronto’ Soumendra Padhi got the best Children’s Film. There was a special mention for Ritika Singh for the film ‘Irudhi Suttru’.

    The award for best female playback went to Monali Thakur for the song ‘Moh Moh Ke Dhaage’ in ‘Dum Lagaa ke Haisha’ and Mahesh Kale won the male playback for ‘Katyar Kalijat Ghusli’.

    The veteran Ilaiyaraaja got the Direction – Background Score award for ‘Thaarai Thappattai’ while M Jayachandran won the best Music Direction award for the song ‘Kaathirunnu Kaathirunnu’ in the film ‘Ennu Ninte Moideen’.

    The best non-feature award went to Amdavad Ma Famous by Hardik Mehta. The best book on cinema book award went to Dr. Rajakumar Samagra Charithre by Doddahulluru Rukkoji and the best film critic award to Meghachandra Kongbam of Manipur.

     
     
  • Q3-2016: Eros revenue down

    Q3-2016: Eros revenue down

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported a 31.7 per cent YoY drop in consolidated Total Income from operations (TIO) at Rs 335.35 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company had reported TIO of Rs 490.73 crore in the corresponding prior year quarter. Operating revenue in the current quarter declined 33.6 per cent as compared to Rs 504.91 crore in the immediate trailing quarter (quarter on quarter or QoQ).

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore
    All numbers in this are consolidated unless stated otherwise.

    Profit after tax (PAT) in the current quarter declined to almost a third (down 65.5 per cent) year on year (YoY) to Rs 37.77 crore (11.3 per cent margin) as compared to Rs 109.34 crore (22.3 per cent margin) and fell 58.2 per cent as compared to to Rs 90.30 crore (17.9 per cent margin) in the immediate trailing quarter.

    The company says its revenues vary quarter on quarter based on release slate. In Q3-2016, there was only one high budget film compared to three high budget films in Q3-2015 with only partial revenues of Bajirao Mastani.

    In Q3-2016, Eros says that one high budget, four medium and 10 low budget films were released as against three high budget, one medium and eight low budget movies in Q3-2015. During the quarter, 15 movies were released consisting of seven Hindi and five Tamil/Telugu films and three Regional film as compared to 12 films during Q3-2015, which included eight Hindi and four Tamil/Telugu films.

    Eros further informs that apart from the new release slate, a significant part of its revenue is contributed by monetisation of its valuable film library, and generally has a second half skew. Since catalogues revenues have longer payment cycles associated with them the company has decided to defer sales for couple of quarters until its receivables position normalises.

    Receivables

    As on 31 December, 2015, Eros says that its total receivables stood at Rs 6,358 million as compared to Rs 6,300 million as on 30 September, 2015. Receivables not due as of 31 December, 2015 was Rs 339.3 crore as compared to Rs 389.9 crore as on 30 September, 2015. Receivables over 365 days old were Rs 38.8 crore as of 31 December, 2015.

    Between 1 January, 2016 to 7 February, 2016, the company has seen a further collection of Rs 52.5 crore of receivables of the period up to 31 December, 2015. The company says that it remains confident to bring the overall receivables down to Rs 525 crore by the end of FY-2016.

    Company speak

    Eros executive vice chairman and managing director Sunil Lulla said, “I am pleased to announce yet another profitable quarter from Eros International driven by the blockbuster success of Bajirao Mastani and a string of regional releases. Our results for the nine months ended December 2015 reflect the strong performance of our film slate with total domination of the box office charts withBajrangi Bhaijaan, Tanu Weds Manu Returns, Welcome Back, etc.; and strong television, ancillary and overseas revenues to complement the box office. We are very proud that our films have been dominating the Bollywood awards declared for CY2015. We continue to pride our green-lighting process and build on our portfolio strategy of films across varied budgets and languages backed by strong pre-sales to de-risk the business model.

    “We are upbeat about our film slate for FY-2017, which includes a string of high-octane releases such as R. Balki’s Ki & Ka, the hit franchise comedy Housefull 3, the highly anticipated rock musical franchise Rock On 2, the action drama, Shivaay and a host of regional releases amongst others,” continued Lulla.
    “We firmly believe that the company has a conservative capital structure and a well-funded balance sheet and we are proud to bring down our Net Debt/Equity ratio to just 0.11 with a free cash flow of Rs 1,320 million in the 9M FY2016. I am confident that with our clear strategic focus, differentiated revenue streams and regional strategy execution, we will continue to deliver solid results in the future and we thank all our shareholders and associates for their continued support,” added Lulla.

    Eros International Plc Group CEO Jyoti Deshpande added, “Calendar year 2015 has been nothing short of brilliant for Eros International operationally with a higher than average box office success of our entire film slate along with critical acclaim and awards to go with it. This year also marked the beginning of the monetisation of the 30 million plus registered users of Eros now our OTT platform and our foray into what could be potentially ground breaking Indo – China co-productions. We continue to support Eros International Media in every possible way with our strong balance sheet and are thrilled that Eros International Media has achieved a free cash flow (FCF) of Rs 1,320 million in the 9M-2016. We look forward to announcing Q3 results of Eros International Plc later in February with a further update on other related matters. once again we thank our shareholders, business associates, the Indian film industry and other partners who have helped us strengthen our resolve even in tough times.”

    Revenue breakup: Eros breakup of revenue for 9M-2016 (nine month period ended 31 December, 2015): Theatrical Revenue – 44.2 per cent; Overseas Revenue – 29.3 per cent; Television and others 26.5 per cent.

    Total Expenditure in the current quarter declined 21.6 per cent YoY to Rs 270.59 crore (80.7 per cent of TIO) as compared to Rs 345.34 crore (70.4 per cent of TIO) and declined 27.1 per cent QoQ as compared to Rs 370.97 crore (73.5 per cent of TIO).

    The company’s EBIT (Earnings before Interest and Taxes) declined 53.9 per cent YoY to Rs 67.65 crore (20.2 per cent margin) as compared to Rs 146.63 crore (29.9 per cent margin) and declined 51.3 per cent QoQ as compared to Rs 139.01 crore (27.5 per cent margin).

    Employee Benefits Expense (EBE) in the current quarter increased 47.2 per cent YoY to Rs 14.12 crore (4.2 per cent of TIO) as compared to Rs 9.59 crore (two per cent of TIO), but declined 1.2 per cent QoQ from Rs 14.29 crore (2.8 per cent of TIO).

  • Q3-2016: Eros revenue down

    Q3-2016: Eros revenue down

    BENGALURU: The Sunil Lulla led Eros International Media Limited (Eros) reported a 31.7 per cent YoY drop in consolidated Total Income from operations (TIO) at Rs 335.35 crore in the quarter ended 31 December, 2015 (Q3-2016, current quarter). The company had reported TIO of Rs 490.73 crore in the corresponding prior year quarter. Operating revenue in the current quarter declined 33.6 per cent as compared to Rs 504.91 crore in the immediate trailing quarter (quarter on quarter or QoQ).

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore
    All numbers in this are consolidated unless stated otherwise.

    Profit after tax (PAT) in the current quarter declined to almost a third (down 65.5 per cent) year on year (YoY) to Rs 37.77 crore (11.3 per cent margin) as compared to Rs 109.34 crore (22.3 per cent margin) and fell 58.2 per cent as compared to to Rs 90.30 crore (17.9 per cent margin) in the immediate trailing quarter.

    The company says its revenues vary quarter on quarter based on release slate. In Q3-2016, there was only one high budget film compared to three high budget films in Q3-2015 with only partial revenues of Bajirao Mastani.

    In Q3-2016, Eros says that one high budget, four medium and 10 low budget films were released as against three high budget, one medium and eight low budget movies in Q3-2015. During the quarter, 15 movies were released consisting of seven Hindi and five Tamil/Telugu films and three Regional film as compared to 12 films during Q3-2015, which included eight Hindi and four Tamil/Telugu films.

    Eros further informs that apart from the new release slate, a significant part of its revenue is contributed by monetisation of its valuable film library, and generally has a second half skew. Since catalogues revenues have longer payment cycles associated with them the company has decided to defer sales for couple of quarters until its receivables position normalises.

    Receivables

    As on 31 December, 2015, Eros says that its total receivables stood at Rs 6,358 million as compared to Rs 6,300 million as on 30 September, 2015. Receivables not due as of 31 December, 2015 was Rs 339.3 crore as compared to Rs 389.9 crore as on 30 September, 2015. Receivables over 365 days old were Rs 38.8 crore as of 31 December, 2015.

    Between 1 January, 2016 to 7 February, 2016, the company has seen a further collection of Rs 52.5 crore of receivables of the period up to 31 December, 2015. The company says that it remains confident to bring the overall receivables down to Rs 525 crore by the end of FY-2016.

    Company speak

    Eros executive vice chairman and managing director Sunil Lulla said, “I am pleased to announce yet another profitable quarter from Eros International driven by the blockbuster success of Bajirao Mastani and a string of regional releases. Our results for the nine months ended December 2015 reflect the strong performance of our film slate with total domination of the box office charts withBajrangi Bhaijaan, Tanu Weds Manu Returns, Welcome Back, etc.; and strong television, ancillary and overseas revenues to complement the box office. We are very proud that our films have been dominating the Bollywood awards declared for CY2015. We continue to pride our green-lighting process and build on our portfolio strategy of films across varied budgets and languages backed by strong pre-sales to de-risk the business model.

    “We are upbeat about our film slate for FY-2017, which includes a string of high-octane releases such as R. Balki’s Ki & Ka, the hit franchise comedy Housefull 3, the highly anticipated rock musical franchise Rock On 2, the action drama, Shivaay and a host of regional releases amongst others,” continued Lulla.
    “We firmly believe that the company has a conservative capital structure and a well-funded balance sheet and we are proud to bring down our Net Debt/Equity ratio to just 0.11 with a free cash flow of Rs 1,320 million in the 9M FY2016. I am confident that with our clear strategic focus, differentiated revenue streams and regional strategy execution, we will continue to deliver solid results in the future and we thank all our shareholders and associates for their continued support,” added Lulla.

    Eros International Plc Group CEO Jyoti Deshpande added, “Calendar year 2015 has been nothing short of brilliant for Eros International operationally with a higher than average box office success of our entire film slate along with critical acclaim and awards to go with it. This year also marked the beginning of the monetisation of the 30 million plus registered users of Eros now our OTT platform and our foray into what could be potentially ground breaking Indo – China co-productions. We continue to support Eros International Media in every possible way with our strong balance sheet and are thrilled that Eros International Media has achieved a free cash flow (FCF) of Rs 1,320 million in the 9M-2016. We look forward to announcing Q3 results of Eros International Plc later in February with a further update on other related matters. once again we thank our shareholders, business associates, the Indian film industry and other partners who have helped us strengthen our resolve even in tough times.”

    Revenue breakup: Eros breakup of revenue for 9M-2016 (nine month period ended 31 December, 2015): Theatrical Revenue – 44.2 per cent; Overseas Revenue – 29.3 per cent; Television and others 26.5 per cent.

    Total Expenditure in the current quarter declined 21.6 per cent YoY to Rs 270.59 crore (80.7 per cent of TIO) as compared to Rs 345.34 crore (70.4 per cent of TIO) and declined 27.1 per cent QoQ as compared to Rs 370.97 crore (73.5 per cent of TIO).

    The company’s EBIT (Earnings before Interest and Taxes) declined 53.9 per cent YoY to Rs 67.65 crore (20.2 per cent margin) as compared to Rs 146.63 crore (29.9 per cent margin) and declined 51.3 per cent QoQ as compared to Rs 139.01 crore (27.5 per cent margin).

    Employee Benefits Expense (EBE) in the current quarter increased 47.2 per cent YoY to Rs 14.12 crore (4.2 per cent of TIO) as compared to Rs 9.59 crore (two per cent of TIO), but declined 1.2 per cent QoQ from Rs 14.29 crore (2.8 per cent of TIO).

  • Skype partners YRF & ErosNow to develop custom Bollywood Mojis

    Skype partners YRF & ErosNow to develop custom Bollywood Mojis

    MUMBAI: Skype has partnered with Indian filmed entertainment companies namely Yash Raj Films and Eros International’s over the top (OTT) platform ErosNow to develop custom Bollywood specific mojis for its users.

     

    Mojis are short clips from movies and TV shows that Skype users can put directly into a Skype chat.

     

    In addition to the existing worldwide Mojis content, now users can react to Skype messages with clips from Bollywood movies like Dilwale Dulhania Le Jayenge, Ra.One, Dhoom 2, Dhoom 3, Tanu Weds Manu Returns and Devdas; and actors such as Shah Rukh Khan, Amitabh Bachchan, Aishwarya RaiBachchan, Anushka Sharma and Ranveer Singh.

     

    Yash Raj Films vice president digital Anand Gurani said, “Sometimes when words aren’t enough, a popular film dialogue often fills in. YRF has a rich library of films and content that caters to a wide audience base. The introduction of Skype Mojis is an extremely innovative addition to instant messaging that should get instant traction!”

     

    Eros Digital CEO Rishika Lulla added, “We are delighted to join hands with Skype and tap their massive consumer base in this ever evolving digital landscape. With Eros’ vast film content library, we are equipped to provide the best in entertainment for Skype users on their smart phones, tablets, laptops or any internet-enabled devices.”

     

    Skype has also created new emoticons highlighting some of the food, gestures and daily expressions honouring the Indian culture Bollywood stems from.

     

    “We’re hugely excited about our partnership with Yash Raj Films and Eros International studios to bring more exciting content to our users. Our goal is to provide the best possible messaging experience on Skype, and tapping into India’s extremely active and vibrant film culture is a perfect way to do that,” added Skype corporate vice president Gurdeep Pall.

  • Eros Knowledge Partners 17th Jio MAMI Mumbai Film Festival

    Eros Knowledge Partners 17th Jio MAMI Mumbai Film Festival

    MUMBAI:  Eros International Media has teamed up with the 17th Jio MAMI Mumbai Film Festival as knowledge partner to recognise and support new talent.

     

    With this association, Eros International aims to strengthen its content strategy of backing good cinema, identifying and rewarding new talent. Furthermore, as knowledge partner the company will also be awarding the Gold category winners at the festival.

     

    Eros International managing director  Sunil Lulla said, “As Knowledge Partner, we saw a synergy in tying up with a significant film platform like MAMI, which showcases the best of Indian and international cinema. It’s a perfect opportunity to build on our vision of being a leading content company and recognising new talent. It’s been a fantastic year with some great commercial and critically acclaimed successes like NH10, Badlapur, Tanu Weds Manu Returns andBajrangi Bhaijaan and associating with MAMI is a step forward in supporting good cinema.”

     

    The 17th Jio MAMI Mumbai Film Festival director Anupama Chopra added, “We are thrilled to have Eros International as Knowledge Partner. It’s very exciting that a leading studio has joined hands with our film festival to support new talent. I hope that this opens many doors and enables new voices to emerge.”

     

    The opening of the film festival will held on 29 October.