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Eros International’s digital & ancillary revenues at $9.1M in Q2-FY15

Eros International has reported digital & ancillary revenues of $9.1 million for the quarter ended September 30, 2014, registering a minor 2.2% dip from $9.3 million in the same quarter last year. Note the company doesn't disclose revenues separately for its digital & ancillary segments, both of which include components of what might be defined as digital businesses. The segment accounted for 18.2% of Eros International’s quarterly revenues that was at $49.9 million for the quarter, up 13.4% year-on-year (YoY). In comparison, the segment had accounted for 21.1% of Eros International’s revenues in the same quarter last year. Eros’s digital businesses include its video on demand service Eros Now, its YouTube channel that recently claimed 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 digital music revenues (from iTunes, Spotify, Napster, Rdio), and physical CD sales as well as rights to Radio & TV channels and royalties from public performances. They also include revenues from in-flight entertainment. New ErosNow mobile app: While the company didn't disclose any operational details on how ErosNow is performing, Eros International CEO & managing director Jyoti Deshpande mentions that they plan to launch a new mobile app for ErosNow by the end of this year and they expect the TechZone acquisition will help them "galvanize" their mobile monetization strategy. However, she didn't disclose any specific details on this. TechZone acquisition: Eros mentions that it…

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