Eros Now, the digital streaming service from Eros International, has said that it has 1.1 million unique paying active users at the end of the June quarter (Q1FY17) and has over 49.6 million users registered users across app, WAP and web. The company said that it is looking to get 2 million paid users by the end of FY17 and 5 million users at the end of FY18. Eros Now has a 5-year target of at least 15-20 million subscribers worldwide with a blended annual ARPU of $5 from India and $30 internationally with 80 percent of the target subscribers from India and the remaining 20% internationally. The company had registered digital revenues of $14.1 million, growing 135%, from $6 in the same quarter last year. On a sequential basis, digital revenues at Eros decreased 32.21% from $20.8 million. Eros’s digital businesses also includes YouTube channel, 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. Financials: Overall revenues increased 42.2% to $71.1 million for the quarter, from $50 million revenues in the same quarter last year. Net profit stood at $3.49 million for the quarter, down from $3.77 million in the same quarter last year. Theatrical revenues: Theatrical revenues increased 11% to $37.4 million for the quarter, from $33.7 million revenues in the same quarter last year. Note that these revenues are significantly dependent on number of film releases in a quarter. The company…
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