Eros International has reported digital and ancillary revenues of $47.7 million for the year ended March 31, 2014, registering a 16.6% growth from $40.9 million in the year 2013. This segment accounted for 20.2% of Eros International's yearly revenues which was at $235.5 million, registering a 9.4% increase year-on-year (YoY). In comparison, digital and ancillary accounted for 17.4% of Eros International's revenues in the previous year. The company hasn’t shared revenues separately for the two segments, both of which include components of what might be defined as digital businesses. Eros's digital businesses include its online movie streaming service EROS Now, which recently shifted to a freemium model, its YouTube channel which claims to have crossed over 2 billion video views in aggregate, and more significantly, it’s distribution via cable based VoD services called “Bollywood Hits On Demand” with Cox, Rogers, Cablevision and Time Warner,” apart from services in the UK and Middle East. It’s ancillary businesses include its music revenues (digital, from iTunes, Spotify, Napster, Rdio), and physical CD’s, rights to Radio and TV channels and royalties from public performances. They also include revenues from In-flight entertainment. Earlier this month, Eros International also executed a term sheet to acquire a controlling stake in the mobile value added service provider Techzone (Universal Power Systems Private Limited) for an undisclosed amount. Theatrical revenue: Theatrical revenues increased to $107.5 million for the quarter, compared to $99 million in the previous fiscal. This is despite a decline in the number of movies released during the fiscal to 69 films, from 77 films in…
