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FY09: TV & Digital Drive Revenue Growth For Eros International

TV, Digital distribution and New Media helped AIM listed film company Eros International PLC record a 38.7 percent increase to $156.7 million in turnover for FY09. EBITDA was up 41% from $77.9 million to $ 109.5 milion "with 62% of EBITDA converted to cash" according to the company. Eros returned an EPS of $0.351 to its investors, up 5% from $0.335. Downloads: PPT, Financials and Earnings Release Digital, New Media and Home Entertainment Video on Demand Revenues from New Media for Eros grew to $46.2million from $27.7 million in FY08, up 69%. This was largely due to a growth in Video on Demand. Eros has deals with Comcast, Cablevision, as well as  IPTV deals, and expanded similar services to other cable networks in USA/Canada and Europe. On YouTube, Eros claims its channel crossed over 100 million video views and drove "strong growth in advertising revenues". The company has partnerships with MSN, Yahoo and AOL. Eros suggests that licensing films to DTH operators including Dish, Tata Sky, Reliance Big TV and Airtel gives it an additional window of monetisation prior to the film being broadcast on pay TV channels. This effectively means that the company might delay pay TV releases, in favor of video on demand. Music Eros said that 11 music titles released during the year were monetized on Mobile through ringtones and "other revenue streams". The industry trend has been that mobile music monetization in India has primarily been about Caller Ring Back Tones. The company also struck a deal with aggregator Hungama Mobile, for mobile distribution,…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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

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