Mukesh Ambani’s Reliance Industries Takes Stake in Eros International

Read on: Variety.

Giant petrol to entertainment conglomerate, Reliance Industries Limited has struck a powerhouse pair of corporate deals with Eros International, India’s leading film distribution and production finance group. Reliance Industries is buying a 5% stake in New York Stock Exchange-listed Eros and will pay $15 share. That implies a cost of $36.2 million. In early trading […]

Eros Profits and Digital Business Up in First Quarter

Read on: Variety.

India’s Eros International brushed aside recent short selling attacks by unveiling a strong first quarter for its financial year. Operating profit for the three months to end of June increased by 63% to $11.7 million, from $7.2 million in the prior year period. The growth came despite a seasonal reduction in the number of film […]

India’s Eros Sets 50-Film Production Slate to Feed Digital Platform

Read on: Variety.

Eros International Media Limited, the Indian subsidiary of Bollywood distributor and financier Eros International, has unveiled a slate of 50 movies for production in 2017-18. The expansion of its production and finance operations is a move in a direction opposite to that taken by Disney-UTV and by Balaji, which last year both slashed Indian film… Read more »

India’s Eros Strikes Content Deal With Russia’s Central Partnership

Read on: Variety.

Leading Indian film distributor Eros International has struck a strategic partnership with Central Partnership in Russia. The production and distribution firm is backed by Gazprom Media. The deal involves the licensing of each other’s intellectual property and distribution of films in both markets. Central Partnership, which is the sub-distributor for Paramount and Summit Entertainment will… Read more »