Eros International has reported digital & ancillary revenues of $22.2 million for the quarter ended December 31, 2015, registering an increase of 4.23% from $21.3 million in the same quarter last year. The segment accounted for 36.7% of Eros International’s quarterly revenues but accounted for 21.2% of total revenues in the same quarter last year. Total revenues stood at $60.5 million in the quarter, down 39.74% from $100.4 million in the same quarter last year. 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 decreased to $25.8 million for the quarter, from $42.8 million revenues in the same quarter last year. However, note that these revenues are significantly dependent on number of film releases in a quarter. The company had released one high budget movie, four medium budget movies and 10 low budget movies during the quarter as against three high budget films, one medium budget film and nine low budget films. The segment accounted for 42.7% of Eros International’s quarterly revenues, up marginally from 42.6% contribution in the same quarter last year. Television syndication revenues: The television syndication revenues were at $12.5 million for the quarter, down from $36.3 million in the same quarter last year. The segment accounted for 20.6% of the Eros International’s quarterly revenues, as compared to 36.2% contribution in the same quarter last year. Regional segmentation of revenues – India: Revenues by customer location in India…
