Eros International has reported digital & ancillary revenues of $14.6 million for the quarter ended September 30, 2015, registering a huge jump of 60.43% from $9.1 million in the same quarter last year. The segment accounted for 14.8% of Eros International’s quarterly revenues that was at $98.8 million for the quarter, up 97.9% year-on-year (YoY). In comparison, the segment had accounted for 20.9% of Eros International’s revenues in the same quarter last year, but total revenues stood at $49.9 million. Eros’s digital businesses include its video on demand service Eros Now, its 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. Theatrical revenues: Theatrical revenues increased to $61 million for the quarter, from $17.2 million revenues in the same quarter last year. However, note that these revenues are significantly dependent on number of film releases in a quarter, so it’s perhaps not right to do a quarter on quarter comparison for the company. The company had released three high budget movie, three medium budget movies and 14 low budget movies during the quarter as against three medium budget movies, 17 low budget movies and one high budget movie in the same quarter last year. The segment however accounted for 61.7% of Eros International’s quarterly revenues, up from 34.5% contribution in the same quarter last year. Television syndication revenues: The television syndication revenues were at $23.2 million for the quarter, down marginally from $23.6 million in the same quarter last year. The segment accounted for 23.5% of the Eros International’s quarterly revenues,…
