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EROS International Reports Digital & Ancillary Revenues Of $12.9M For Q3-FY14, Down 5.15%

Eros International has reported digital and ancillary revenues of $12.9 million for the quarter ended December 21st 2013, down from $13.6 million reported for the same period last year. However, this is the films business, and is significantly dependent on number of film releases, so it's perhaps not right to do a quarter on quarter comparison for the company. Year to date - for the nine month period ended December 31st 2013, revenues for the digital and ancillary segment were $29.3 million, down from $31.3 million for the same nine-month period ended 31st December 2012. 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 released 15 films in the quarter, "three of which were high budget and two medium budget films, compared to 24 films in the third quarter last year, three of which were high budget and two medium budget films." Year to date, the company has released 41 new films compared to 66 in the year-ago period. It also has released two major films in the current quarter: "1," a Telugu film starting Telugu superstar Mahesh Babu, as well as "Jai Ho," a major Hindi film starring Hindi superstar Salman Khan. The FY15 slate includes the release of Rajinikanth's "Kochadaiyaan" on April 11th, and other releases such as "Happy Ending," starring Saif Ali Khan, and "Action Jackson," starring Ajay Devgn. Jai Ho, apparently, wasn't a blockbuster. On the conference call, EROS CEO & MD Jyoti Deshpande…

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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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