iWorld
Eros STX Global forecasts 50 mn monthly paid subscribers for Eros Now by 2022
KOLKATA: Eros International and STX Filmworks completed the big Bollywood-Hollywood merger last month. The newly combined company Eros STX Global Corporation forecasts 50 million monthly paid subscribers for Eros Now and generate $1 billion in revenue for the calendar year 2022.
Eros Now reached 33.8 million paid monthly subscribers and 205.8 million registered users as of 30 June. “Despite the business challenges arising from the pandemic, Eros STX has seen a substantial increase in both new subscriptions and consumer engagement on the Eros Now platform driven by increased time spent at home as well as fewer out-of-home entertainment options available,” Eros STX Global co-chairman and CEO Robert Simonds said.
“Eros Now has a strong slate of films and original series scheduled for release over the coming quarters, and the Company expects this to help drive continued growth in the paying subscriber base in India and around the world. Consumers are watching more content on the platform than ever before, an acceleration of growth that will provide strong tailwinds to the combined business for the coming quarters,” he added.
Simonds seems extremely optimistic about Eros Now as he said it has one of the largest libraries of local and regional language content in the Indian marketplace which would take a significant investment of capital for a competitor to even try to replicate it. He also cited the independent, third-party valuation that was done in February which valued Eros library at $1 billion approximately.
Other than Eros Now, Eros STX’s co-production with some of the largest global players like Amazon and Netflix also opens another growth window for the company.
iWorld
Applause, Story TV team up to push microdrama content
Partnership to create premium short form shows for mobile first viewers
MUMBAI: Applause Entertainment and Story TV are betting on short attention spans with a long-term vision, joining forces to create a slate of premium microdramas for mobile-first audiences.
The partnership brings together Applause’s storytelling pedigree and Story TV’s fast-growing digital reach, with plans to co-produce and distribute bite-sized dramas across genres. As part of the deal, Story TV will also adapt the romantic thriller Hello Mini into a vertical microdrama format, signalling a shift in how stories are being reshaped for smaller screens.
Backed by the Aditya Birla Group, Applause Entertainment has built a reputation for high-quality content with titles like Scam 1992 and Criminal Justice. Story TV, launched in 2025, has quickly scaled up with a library of over 1,000 titles across languages and genres, riding the wave of mobile consumption.
Story TV founder and CEO Saurabh Pandey said, “Phones are now the primary screens for content consumption, and microdramas are evolving into a mainstream format. At Story TV, we are blending storytelling with technology to push this format further.”
He added that the collaboration with Applause Entertainment will help expand the reach of microdramas while introducing a layer of premium storytelling to the space.
Applause Entertainment chief business officer Prasoon Garg said, “At Applause, we have always focused on strong storytelling across formats. As microdramas gain momentum, this partnership allows us to explore the space with a platform that understands both the format and its audience.”
With mobile screens shrinking and content getting sharper, the collaboration hints at a future where storytelling is not just shorter, but smarter, designed to fit neatly into the scroll of everyday life.
