Eros International Plc is a pioneer and innovator in Indian film entertainment. Over the past 40 years, the Company has acquired, co-produced and distributed some of the most recognized and successful Indian films across cinema, television and digital new media. We have an extensive and growing movie library comprising of over 3,000 films and have built a dynamic business model by combining the release of new films every year with the exploitation of our film library. We have globally released Hindi language films which have been amongst the top box office grossing films in India. Our considerable distribution capabilities enable us to target a majority of the 1.3 billion population in India, a market that is demonstrating significant economic growth, a prosperous film industry, one of the largest television markets in the world, and burgeoning popularity of broadband and mobile platforms among consumers. The number of wireless internet users in India are likely to reach 1 billion by 2021 with the majority of users accessing the internet through their mobile phones. Our strategy is driven by the scale and variety of our content and the global exploitation of that content through diverse channels.
Eros Now, our digital over-the-top entertainment service is increasingly focused on offering quality content including Indian films, music and original shows, opening new markets, delivering consumer-friendly product features such as offline viewing and subtitles and adopting a platform agnostic distribution strategy on Android and iOS platforms across mobile, tablets, cable or internet, including deals with original equipment manufacturer. As of March 31, 2018, Eros Now has garnered over 100 million registered users across WAP, APP and Web and 7.9 million paying subscribers. Eros Now has rights to over 10,000 films, and 250,000 music tracks from many different labels.For further information, please visit: www.erosnow.com.
Fiscal Year 2018 Update
Eros Now paying subscribers grow 276% over the past twelve months to 7.9 million as of March 31, 2018
Consolidated Revenues of $189.3 million for the nine months ended December 31, 2017
Adjusted EBITDA of $54.5 million for the nine months ended December 31, 2017
For the full Fiscal Year ended 2017, Theatrical revenue accounted for 39.9% of our annual revenues, Television revenue accounted for 34.8% and Digital and Ancillary revenues accounted for 25.3%
- Eros International PLC is the first Indian media and entertainment company to list on the NYSE.
- ErosNow, the Company’s dedicated online entertainment platform, now has over 44 million registered users worldwide.
- In early 2015 the Company announced the creation of Trinity Pictures, its dedicated franchise production house. The Trinity label will focus on quality, success rate and building franchises with lasting value, perfectly complementing our overall strategy.
- The Company recently completed its acquisition of Techzone, a leading company in mobile Value Added Services within India, that has bulling integration in place with major telecom operators in India and completes about 25 million transactions a month