wordpress blog stats
Connect with us

Hi, what are you looking for?

Eros International In FY13: Rs 154.5 Cr Profit; Rs 1,074.4 Cr Revenue

Eros International Media, the Indian subsidiary of Eros International Plc, has reported total revenue of Rs 1,074.4 crore for the year ending March 31, 2013 (FY13), registering a 11.5% increase from Rs 963.2 crore revenues in the previous fiscal (FY12). The profit after tax was at Rs 154.5 crore for the fiscal, up 4.5% from Rs 147.8 crore profits in FY12. On a quarterly basis, Eros International reported a decline in its revenue to Rs 213.9 crore for the quarter ending March 31, 2013 (Q4-FY13), down 2.6% from Rs 219.7 crore revenues in the same quarter last year. The company was however more profitable - posting a Rs 31.83 crore profit for the quarter, up 7.1% from Rs 29.73 crore profit in the same quarter last year. Operational Highlights - Eros claimed that its YouTube channel Eros Now has crossed a cumulative 1.1 billion video views across 8,500 videos until now. It also claimed that the channel had generated significant advertising revenue and the music monetization has been quite strong with a combination of licensing and self-distribution deals. However, the company didn't disclose any specific information on the same. - In June 2012, Eros International launched an online music channel 'Eros Now Music' on YouTube, which aims to offer original music content from popular and upcoming artists. - Eros International’s online paid movie streaming service Eros Now went live in August 2012, however the company didn't disclose any specific information on its performance until now. - In December 2012, Eros partnered HBO Asia to launch two new premium ad-free movie…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Satirist Kunal Kamra’s legal representative argues before the third referral judge that a fact-check unit will muzzle free speech online

News

Starlink's plans to to conduct its trials in India were earlier stalled by the Indian govt as the company did not have the necessary permissions...

News

In a notification, the Reserve Bank of India asked Payment System Operators to be vigilant against any transactions that might be used to influence...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ