Hindi
Eros gross profit up 57 % at $63 million
MUMBAI: Eros International has posted a gross profit of $63 million for the year ended 31 March 2008, up 57 per cent from $39.9 million in the year ago period.
During the period, the company‘s turnover surged 70.2 per cent to stand at $113 million, up from $66.4 million.
Worldwide theatrical revenues grew by 146.9 per cent to $52.1 million from $21.1 million. From US operations, the company generated $79.8 million in the 12-month period.
Says Eros chairman and CEO Kishore Lulla, “The performance in the past financial year reflects the competitive advantage enjoyed by Eros, based on unrivalled content ownership and global distribution.”
Eighteen films were theatrically released in 2008, out of which 16 were released globally. “In 2007, five out of the top 10 box office successes were Eros releases with Om Shanti Om going on to become the highest all time grosser at the time of the release,” the company said in a statement.
Revenues from TV syndication were up 56.3 per cent to touch $33 million, from $21.1 million in FY‘07.
The company says that it has struck television syndication deals for new and catalogue films with Sony Entertainment Television, Inx Network, Viacom Network and Sahara Television and several other international networks.
The company has seen a growth of 16.9 per cent in revenues from new media to stand at $27.7 million ($23.7 million in FY‘07).
Subscription Video-On-Demand platform continued to grow not only on Comcast and Rogers but with new deals such as Cablevision, Valuable Technology, Mauritius Telecom, SingNet, RTM Malaysia and Aksh Optifibre. Digital distribution deals were concluded with Amazon and Walmart.
The company says that the Eros partner channel on Google‘s YouTube continued to gain eyeballs with 42 million hits to date – monetised through ad supported model.
Content library and distribution generated revenues of over $23 million.
The company says during the year, it has augmented its library by 1900 films with fresh acquisitions. It has invested $200 million across 60 projects, giving full visibility of release schedule to 2010. It has expanded its global distribution network nationally within India and in emerging markets such as Germany, Poland, Belgium and South East Asia.
Following the announcing of the co-production joint venture with Sony Pictures earlier in the year, the Company announced a distribution joint venture for South Asia with Lionsgate where the entire Lionsgate library and format rights of over 13000 titles and their forthcoming films will be exclusively exploited across all formats including dubbing subtitling and remaking the content.
Hindi
Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings
Upcoming films and returning shows are driving fan interest across Bollywood and streaming
MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.
The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.
Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.
The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.
