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Eros International’s digital & ancillary revenues up 54.3% YoY to $10.8M in Q1-FY15

Eros International has reported digital and ancillary revenues of $10.8 million for the quarter ended June 30, 2014, registering a significant 54.3% increase from $7 million revenues in the same quarter last year. As always, the company however hasn’t disclosed revenues separately for the two segments, both of which include components of what might be defined as digital businesses. The segment accounted for 23.8% of Eros International’s quarterly revenues that was at $45.4 million for the quarter, up 10.7% year-on-year (YoY). In comparison, the segment had accounted for 17.1% of Eros International's revenues in the same quarter last year. Note that 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’s as well as rights to Radio & TV channels and royalties from public performances. They also include revenues from In-flight entertainment. TechZone acquisition: During the quarter, Eros International had acquired a controlling stake in the mobile value added service provider Techzone (Universal Power Systems Private Limited) for an undisclosed amount. Eros CEO and Managing director Jyoti Deshpande had then said that Techzone’s billing integration and distribution across major telecom operators will complement its existing online movie streaming service ErosNow. Eros Now Content Tie-ups: Earlier this week,…

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