Red Chillies Entertainments (headed by Shah Rukh Khan and Gauri Khan) has partnered with Shemaroo Entertainment to distribute a dozen Shah Rukh Khan films library on the TV platform. The films will include Om Shanti Om, Chalte Chalte, Phir Bhi Dil Hai Hindustani, Kabhi Haan Kabhi Naa and Asoka. Shemaroo Earnings: The Bollywood content aggregation company which listed in August last year, reported its results with revenues of Rs 87.27 crore for the quarter ended March 2015, and net profit of Rs 12.86 crore. Only Rs 11.45 crore of the revenues came from its New Media division and registering a growth of 74% year-on-year. In the preceding quarter its revenues from the New Media division was Rs 9.89 crore. In its release, Shemaroo said it continues to focus on digital media, however, the company continues makes most of its revenues from traditional media which stood at at Rs 75.27 crore and registering a growth of 65% year-on-year. But it’s worth noting that as a percentage of total revenues, the new media division represented 13.20% and traditional media represented 86.79%. It seems that their content strategies are paying off as the split between traditional media and new media the preceding quarter was 89% and 11% respectively. Shemaroo’s content deals – Shemaroo entered into a distribution agreement with Magna Publishing Company to distribute its content over digital channels and mobile channels. As part of the deal Shemaroo would convert the text gossips from Stardust magazine in audio and video formats and distribute…
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