Eros Share Discussion Threads

[smurfy2001] 10/1/2015 15:10

Why can't they just transfer then? Do you know if they will offer to transfer out to a broker that actually deals EROS? I know iWeb allow you to buy and sell so l don't quite understand why Barclays, interactive investor and TD had issues?

[smurfy2001] 08/1/2015 15:23

Good post Rivaldo, enforces my view as a long term hold.

[smurfy2001] 05/1/2015 17:00

Chased interactive investor as still cannot trade stock :(

[aimingupward2] 05/1/2015 16:49

EROS selected as one of two Indian companies to do well.

hxxp://www.gurufocus.com/news/300510/two-indian-stocks-to-buy-for-2015/WSJ

[ir35] 25/12/2014 10:15

Also got a response from Barclays. They confirm that the statement of 19 May was correct at the time. They dont write to customers if there is no action to be taken.

They cant possibly understand what they are writing. Still havent got my hamper. No mention of why they havent put on the website that we still cant trade. No apology for their incompetence.

[rivaldo] 24/12/2014 12:08

Cheers markhowes, am in the same position myself and will be chasing hard in the New Year....

Interesting article here, particularly re digital growth:



"Eros takes silver screen savvy digital

While movie production will remain its core business, the studio is sprucing up its digital business model with exclusive content

Urvi Malvania | Mumbai December 15, 2014 Last Updated at 21:40 IST

Film studio Eros International is looking beyond the big screen to establish itself as a media house over the next 10 years. The company, which is listed on the National Stock Exchange, Bombay Stock Exchange and the New York Stock Exchange (earlier this year), will be focusing on its digital platform to extend its scope.

Eros is preparing to scale up its portal, Erosnow. An online content streaming site, it has been making its full-length movies and television content (from the broadcasters Colors and Zee TV) available, besides music videos from its library. Eros will now be launching exclusive content for its digital audience and is in talks with producers for creating a library.

"The television (business) is governed by ratings and these lie in rural India. However, there is a more evolved media consumer who wants access to differentiated content, which need not be films. That is the consumer we are targeting. With the introduction of 4G, the bandwidth issues will also be largely resolved," says Jyoti Deshpande, group CEO, Eros.

Apart from creating content for the digital consumer, the company is also developing services. There will be a DRM (digital rights management) service, which will allow users to download content from Erosnow. The downloaded content will then be available for consumption across mobile devices for 24-48 hours. The service will most likely be available to premium users (who pay for ad-free streaming).

Even as it spruces up its digital presence and spins off a business model from it, movie-production remains its driving force. Eros has earmarked investments in the range of $180-200 million (Rs 1000-1200 crore) for the next fiscal for films, says Deshpande. Most of it would be spent on big-budget Hindi films.

In FY-16, Eros will be releasing films like Bajirao Mastani (Ranveer Singh, Deepika Padukone, Priyanka Chopra), Tanu Weds Manu 2, Shivaay (Ajay Devgn) and Bajrangi Bhaijan (Salman Khan, KareenaKapoor). In the current fiscal, the studio has the Ajay Devgn's Action Jackson (already released), the Arjun Kapoor-Sonakshi Sinha starrer Tevar (Jan, 2015) and Amitabh Bachchan's next Shamitabh (Feb, 2015).

Scoping out new markets
Eros is only too aware of the restrictions on foreign films in China. It is looking for joint ventures with a Chinese company to produce and distribute Indo-Chinese content and work around such restrictions. "China is a big market and the regulations restrict the entry of too many foreign films. We feel there is potential to set up a JV to produce content that has global appeal. Eros can distribute it worldwide, while the Chinese partner can handle its home market," says Deshpande.

Closer home, Eros is aggressively looking at south India. It has picked up equity in some of the biggest south Indian productions this year, including Rajnikanth's Kochadaayiaan and the recent Lingaa. It is setting up a separate distribution unit in Chennai.

"The south gives us the opportunity to scale up. It is a star-driven and fragmented market, something like Bollywood 10 years back. Many movie-makers still go to money-lenders for finance. But the appetite for films is great," Deshpande says, refering to the scope of a studio's early-bird advantage.

Derisking the stars
Deshpande says that contrary to perception, deals of films with big stars do not put the entire risk on the studio. "No actor wants the studio to take all the risk. The agreements are worked out to ensure that the studio is not exposed to a large risk. Having a portfolio of films helps ensure returns on total investments. If a big movie makes lower returns on investments, there will be many small budget movies that will make 100 per cent or more RoI," she says. One of Eros' big releases this year Jai Ho did not do very well.

The studio prefers to retain the intellectual property rights (IPR) of the movies. In case of big directors and actor-producers, the IPR is shared. Sharing or retaining the IPR lets Eros build value. Hence, it can use its catalogue to build its pay per view service online. The portals of other studios are not as evolved yet. Deshpande says that the catalogue content (movies from previous years) contribute to as much as 20 per cent of the total revenues of the studio."

[markhowes] 23/12/2014 16:01

Thought you could all have a laugh at today's missive from Barclays regarding the ongoing saga. And three extra brownie points to first person who can correctly work out what this really means in English:

I am pleased to confirm that we have now received a response from our custodian, Bank of New York, in relation to the EROS International Foreign Outcome. It is important for me to explain that we are unable to contact our clients in relation to the event until the custodian has reconciled the stock. As David explained in his email of 4 December 2014, this can take up to 8 weeks, depending on the size of the event.

I have been in contact with our Corporate Actions Team who has confirmed that, due to the holiday period, we aim to contact our clients with regards to this event in early January.

[smurfy2001] 18/12/2014 17:19

Header updated with latest youtube stats and snap of iPhone application, which is rather excellent. You can also download for iPad.

[rivaldo] 18/12/2014 14:54

A partnership with Chromecast:



"ErosNow streams on Chromecast globally

Posted On: 2014-12-17 21:51:06

ErosNow, the on demand entertainment platform of Eros International, a leading global film company in the Indian film entertainment industry has announced a content tie up with Chromecast on its launch in India.

Indian entertainment lovers will now be able to use Chromecast to bring their favorite ErosNow content from a phone, tablet or laptop to the biggest screen in their homes � the TV. To celebrate the association, ErosNow is offering Chromecast customers a range of subscription offers which includes free access to their premium catalog of content for two months. This includes unlimited streaming of Hindi and Regional Movies, TV Shows, Music and ErosNow Original content. This offer is valid with the purchase of Chromecast in India through official retail partners Snapdeal and Airtel.

ErosNow's iOS app and Android app with Chromecast functionality are already live worldwide in the App Store and Google Play for all countries where Chromecast is supported including the US, UK, Australia, Germany and Hong Kong. Commenting on the tie-up with Google, Rishika Lulla Singh, CEO, ErosNow said, "We are very excited to bring the best in entertainment from ErosNow to Chromecast users on their big screens. We believe this partnership will give a new dimension to the way entertainment is perceived and in addressing the evolving needs of consumers".

Suveer Kothari, Director, Business Development - Chromecast added, "We are very excited to partner with ErosNow to bring the best of entertainment content to Chromecast users, absolutely free for the first two months. Such partnerships will be instrumental in helping us supercharge the ecosystem in India."

Chromecast users can now access and view their preferred entertainment content from ErosNow's vast library of movies on demand and in HD as well as blockbusters and leading TV shows from other leading content providers like Viacom18, Dharma, Balaji, UTV, Zee and Colors from a phone, tablet or laptop to one's television. Chromecast consumers can additionally view live streaming of entertainment industry events like movie premieres and music launches.

Popular titles on Eros Now include movies such as Ram-Leela, Chennai Express and Queen and TV shows such as Comedy Nights with Kapil. The platform also offers the latest breaking promos, trailers & behind the scenes of forthcoming titles including Rajinikanth-starrer Lingaa, Tevar and Badlapur. Chart-busting music videos and audio tracks from recent films such as Action Jackson and Happy Ending are also featured alongside originally-created content exclusive to the platform in genres such as humor, food, horror & kids."

[rivaldo] 15/12/2014 12:06

EROS' biggie release Lingaa has made a barnstorming start - 100 crore in the first weekend alone!

[royaloak] 11/12/2014 16:54

As long as you have submitted the US form no problems buying or selling with TDW in your ISA.

From a selfish point of view I would like to see them drop a bit now as I would like to buy back at some time.

[bigdazzler] 11/12/2014 16:49

Don't know I only stumbled across it by chance when I was on my TD trading account works on a T+3 basis.

To my knowledge I have not had an email from TD informing me of my ability to trade EROS as promised. It could be I have overlooked there email.

[markhowes] 11/12/2014 16:29

Good news re TD direct. Do you know if that's because the shares are now held in the same way as any other US share - or are they doing you a favour whilst the situation gets sorted out?

Needless to say, that much bigger organisation, "Barclays" still can't sort themselves out.

[bigdazzler] 11/12/2014 16:18

Folks just to let you know TD direct now allow me to sell my Eros.

Only around 2 dollars to late lol

[rivaldo] 11/12/2014 15:14

EROS have made 80 crore profit on Lingaa before it's even released....



"Rajinikanth's 'Lingaa' Earns ₹80 Crore Profit Before Box Office Debut
By Prakash Upadhyaya December 11, 2014 15:53 IST

Rajinikanth has raised the bar in business once again with "Lingaa". His latest movie has earned ₹80 crore profit even before its box office debut.

The Rajini starrer has made a turnover of ₹200 crore from various rights and has earned a profit of ₹80 crore, as per traders. Producer Rockline Venkatesh sold the entire rights of "Lingaa" to Eros International for ₹120 crore a few months ago and had become one of the biggest deals in South India.

After acquiring overall rights from Rockline Venkatesh, Eros sold the area-wise distribution rights to multiple parties. As per trade reports, the makers have earned around ₹71 crore by selling the theatrical rights in India from the Tamil version of "Lingaa". The Telugu version has been sold for ₹5 crore.

The overseas theatrical rights of the two versions of "Lingaa" have earned ₹30 crore for the makers of the film.

The next big money comes from the satellite rights and Eros has once again struck gold. The satellite rights of the Tamil and Telugu versions have reportedly fetched ₹32 and ₹23 crore for them.

In addition to this, the music rights of all three versions worth ₹10 crore are with Eros. Along with it, the movie is being released by the company in North India as well. So the estimated worth of these rights and the Hindi version of the satellite rights are expected to be around another ₹20 crore.

Find below the break-up of business (Unofficial).

Budget: ₹120 crore
Domestic Theatrical Rights of Tamil Version: ₹71 crore
Domestic Theatrical Rights of Telugu Version: ₹25 crore
Overseas Theatrical Rights of both Tamil & Telugu versions: ₹30 crore
Satellite Rights of 3 Versions: ₹65 crore
Audio Rights of Three Versions: ₹10 crore"

[ir35] 11/12/2014 10:42

Still no answer from that shower of *()&. I have sent them a reminder that they promised a response of some sort (even if it is only to say they are still looking into it).

[rivaldo] 10/12/2014 09:53

Interesting article about of the popularity of Bollywood (and EROS') films in Japan, taking up to $1.6m in box office receipts:

[smurfy2001] 09/12/2014 21:23

Quite an increase!

Institutional ownership has now increased to 63% from 34% last time l posted this information.

[rivaldo] 08/12/2014 11:44

Good news - EROS pick up Salman Khan's next two projects:



"Eros to distribute Salman Khan's maiden production projects

Bajrangi Bhaijaan will see the return of the director-actor duo Kabir Khan and Salman Khan

Urvi Malvania | Mumbai December 8, 2014 Last Updated at 15:47 IST

Film studio Eros International, has collaborated with Salman Khan Films, actor Salman Khan’s production house, to globally distribute its first two projects—Bajrangi Bhaijaan and Hero.

Bajrangi Bhaijaan will see the return of the director-actor duo Kabir Khan and Salman Khan, who had earlier teamed up for the 2012 hit Ek Tha Tiger. The film went on floors earlier this month and is set for an Eid release in July 2015. Bajrangi Bhaijaan is produced by Salman Khan and Rockline Venkatesh Films.

The second film under the Salman Khan Films banner, Nikhil Advani’s Hero, is a modern day remake of Subhash Ghai’s classic of the same name. It will see the launch of two new stars and is set for release in summer 2015.

Jyoti Deshpande, Group CEO Eros International said, “We are delighted and excited to partner with Salman Khan for his first home productions and showcase this brilliant line-up to a global audience with our worldwide marketing, digital and distribution network.

The combination of Salman, Kabir Khan, Eid and Bajrangi Bhaijaan, not only promises fans and audiences larger than life entertainment, but we also look to it setting new box office records as Salman did this year. We are equally excited to launch bright new talent with Hero and are positive the audiences will embrace Nikhil’s interpretation of the classic musical romantic hit.”

etc"

[markhowes] 04/12/2014 19:53

Decision's already made - as soon as I can actually do something with my EROS holding, I'm off. I think Barclays have treated their customers really shabbily over this whole fiasco. Trying to get proper information is like drawing teeth.

As you say, they must have a deal in place with BoNY and presumably Barclays are a pretty good account to have so they ought to be able to exert some pressure - but don't seem interested in doing so.

I'm not sure these BIG brokers really care much about threats to switch - but we'll see when I start that process.

[ir35] 04/12/2014 19:21

I didn't get that email but what they said on the phone was pretty much the same - except they said 8-12 weeks and its all out of their control. Yeah I am sure that its out of their control - they are presumably paying BoNY and I guess they have a contract with them so they ought to be able to agree timescales and not come with these lame excuses. I did suggest they cancel Xmas parties and stop paying bonuses to get some people to work on the problems - I am sure that suggestion was welcome :)

Maybe you need to tell them this is causing you a lack of sleep due to all the stress and that a luxury hamper might help you to sleep better. Alternatively you can remind them there are other brokers and banks and you will consider switching your accounts to them if they don't compensate you.

[markhowes] 04/12/2014 18:27

Today's installment - email just received from Barclays:

The certificates we received were from Computershare US, and these were a bulk certificate for the full holding which is held for Barclays Stockbrokers rather than per individual client. Also, we have to await the confirmation from Bank of New York before we can provide our clients with an update and this can take between 3-8 weeks as you have previously been advised. Once we receive confirmation we will be able to advise clients of the available options.

I've asked what it is they are waiting for Bank of America to confirm?

No mention of luxury hamper to me .......I'm obviously not important enough (boo hoo)

[rivaldo] 04/12/2014 14:57

Indeed. On 18th November Barclays stated to me that the "logging" process would take 6-8 weeks, and "following this you will receive a letter giving you your options", whatever that means. I have also asked why I haven't been offered a luxury hamper!

Meanwhile, the share price continues to rise :o))