Eros Share Discussion Threads

[legg96] 16/7/2015 15:30

116,000 shares traded in first 50 minutes. A couple of weeks ago that was the average for the day. Netflix on the rise after its results and US investors beginning to understand the merits of Eros.

[smurfy2001] 16/7/2015 14:44

Nice rise.

[rivaldo] 16/7/2015 14:10

News just out - EROSNOW has now been officially launched...with 19m users already:



"Thu, Jul 16, 2015, 9:08AM EDT - US Markets open in 22 mins

Eros International Announces Official Marketing Launch for ErosNow

Platform will offer premium Bollywood content to over 19 million registered users

MUMBAI--(BUSINESS WIRE)--

Eros International Plc (EROS) (“Eros” or the “Company”), a leading global company in the Indian film entertainment industry, today announced the official marketing launch of ErosNow, the company's dedicated online entertainment portal, as well as its upcoming content line-up of exclusive movie premieres and originals.

As host to the largest library of films, as well as premium television programs, music videos and audio tracks, ErosNow already has over 19 million registered users able to watch what they want, when they want on any internet-connected device such as laptops, tablets or mobile smartphones.

The official launch of ErosNow comes during a renaissance in India’s digital landscape. According to a recent KPMG FICCI report, by 2017, India will have over one billion mobile subscribers with the market for 3G and 4G expected to grow 3.5 times to over 247 million. To capitalize on this growing market Eros is announcing a series of game-changing initiatives to the ErosNow platform, including releasing films immediately after theatrical release and prior to their television release. On July 19, this year’s biggest Indian blockbuster and 2015’s highest grossing Indian film so far, Tanu Weds Manu Returns, will premiere on ErosNow. Later this year popular hits such as Badlapur, NH10, Shamitabh and HappyEnding will also be available on the platform.

Commenting on the official launch, Jyoti Deshpande, Group CEO & Managing Director, Eros International Plc said, “Having conquered the big screen, we have now set our sights on something even bigger and newer with the official launch of ErosNow. We are poised to take advantage of the rapidly expanding broadband penetration and the imminent launch of 4G technology in India to reach out to the potential audience offered by close to a billion mobile connections. As consumption patterns change globally, Internet entertainment networks have begun to quickly replace traditional, linear television. It’s our turn now and I believe that Eros has the leading advantage in this space with the strength of its vast content library and dominant market share. Through the ErosNow platform, we can further consolidate our leadership position and reinvent ourselves from a film studio to a more consumer facing content and digital company in the next phase of our growth.”

ErosNow will also be producing its very own in-house flagship original programming to deliver high-quality, cutting-edge shows with film-like production values aimed towards young Indians, the largest demographic of the Indian population. Consumers can expect never-seen-before content across several genres that include reality shows, adaptations of hit international series, and original productions spanning drama, comedy and thrillers. Full seasons of these shows and series will be available for viewing exclusively on ErosNow. The Company will roll out its original content strategy with three ground-breaking programs:

etc"

[monkeymagic3] 15/7/2015 18:35

Lets hope we can consolidate at this level now for a while.

[smurfy2001] 15/7/2015 17:35

Exciting isn't it?

Glad I've held this so long, I've hit near 130% return now.

[foot in mouth] 15/7/2015 15:28

Well, we just past $30 per share a few moments ago. SWEET!!!!!!!!!!!!!

How high can this one go??? This is my best share for at least the last six months.

[rivaldo] 15/7/2015 07:39

Yep - can't complain :o))

And we know that Q1 results out soon should be at worst pretty good, and at best a big outperformance, given the terrific box office of Tanu and Dil. IMO anyway.

[smurfy2001] 14/7/2015 18:40

Wow could hit 30 in no time.

[rivaldo] 14/7/2015 12:07

EROS' CEO was in rather good company last weekend - Buffett, Katzenberg, Softbank.....



"Netflix (NFLX) Competitor Makes Key Connections at Allen & Co. Conference

According to the NY Post, Eros International (Nasdaq: EROS) executive Kishore Lulla was at the Allen & Co. retreat last weekend, talking up his Netflix-like venture in India with names like Warren Buffett, Jeffrey Katzenberg, and Softbank's Masayoshi Son.

Eros is said to be in talks to sell a stake in the streaming video business, which may have around 19 million subscribers.

Eros International ‘co-produces, acquires, and distributes Indian language films in various formats worldwide,’ according to a company description.

Netflix is looking to launch in India by the end of 2016, the Times of India recently reported."

[boonboon] 10/7/2015 23:22

From what I gather they haven't denied the stake sale. All they have said with regards to the Indian listed company is that this has no effect on them as erosnow is owned by the nasdaq listed company and not the Indian one.

[monkeymagic3] 10/7/2015 20:32

Thats a good point Rivaldo, awareness clearly growing of the company.

[rivaldo] 10/7/2015 18:41

IMO all of this - whether true or not - is driving awareness of and interest in EROS and EROSNOW's proposition.

EROS is now finally attaining the sort of valuation for which it's always had the potential.

[aimingupward2] 10/7/2015 17:05

Rivaldo, it doesn't seem like the market believes EROS' denials of rumours re Fullerton and BoxTV judging by the surge in the share price again today - both on the BSE and in New York. We shall see.

[wiwaxy] 10/7/2015 15:26

hum.....some would say takeoff....

[rivaldo] 10/7/2015 10:32

EROS India have denied the rumours of the sell-off of the EROSNOW stake, and of the BoxTV buyout above - the shares in India fell initially and then recovered nicely:



Also in India, Scandinavian mutual fund company, Skagen Kon Tiki Verdipapirfond bought 7,57,550 shares, whilst Jupiter Asset Mgt sold 5,37,954 shares:



Finally, Eros International has global distribution rights for Salman Khan’s new and much talked about film Bajrangi Bhaijaan, which should be a biggie - to be released on Eid on July 17 - and if it succeeds will likely guarantee a good Q2 following what should be an equally good Q1.

[rivaldo] 09/7/2015 10:24

Digital expansion news flow coming thick and fast - this from India overnight:



"First Published: Thu, Jul 09 2015. 12 19 AM IST

Eros plans buyout of Times Group’s BoxTV

Eros is seeking to add content and bolster its own offering in the on-demand Internet streaming space

Mumbai: Eros International Media Ltd, a film production and distribution firm, is in initial talks to buy the online subscription video service unit of Times BoxTV Media Pte Ltd as it seeks to add content and bolster its own offering in the on-demand Internet streaming space, two people close to the development said.

Eros is in discussions to buy BoxTV.com, a service launched by Times BoxTV Media three years ago, they said.

Times Internet Ltd, the digital arm of Times Group, owns Times BoxTV.

“The deal may be done through a share swap where Times Internet may be allotted shares of Eros International. The talks are at preliminary stages,” said the first person cited above, requesting anonymity.

BoxTV’s five million users, and its presence across languages, makes it an attractive asset, he added.

The acquisition, if successful, will give Eros the rights to offer its online subscribers content including movies in Tamil, Telugu, Urdu, Kannada, Malayalam, Bangla, Marathi, Bhojpuri and Odia, besides Hindi and English.

Eros, which offers on-demand entertainment services through Eros Now, is trying to create a local version of Netflix Inc., the world’s largest online subscription video service, as Indians are increasingly watching videos and movies online—on smartphones, tablets and computers.

“Internet streaming and on-demand services are now seeing increasing interest with new launches, and some consolidation is taking place. India is on the cusp of finally joining many parts of the world in the sphere of on-demand entertainment,” said Jehil Thakkar, head of media and entertainment at KPMG India.

Eros Now, launched in 2012, has rights to more than 1,000 movies and over 6,500 music videos available, according to the company website. The service had more than 19 million registered users worldwide in fiscal 2015. According to the firm, this is a 35.7% increase from the 14 million registered users it had in February 2014.

At present, about 15 million of Eros users are from India.

Eros is also in the process of launching a movie channel, generating more content and acquiring technology start-ups.

etc"

[rivaldo] 08/7/2015 22:27

Cheers. Not a bad day :o))

New highs, but hopefully much more to come as long as markets remain stable - momentum here, plus completion of this investment in EROSNOW, plus an almost certainly excellent Q1 report may drive the price much higher.

[aimingupward2] 08/7/2015 18:15

"Wow - this should stir things up nicely..."

- and the response by 2.30p.m. in N.Y. (I suppose it's a response to this news) is to push the share price up by over 10% on a day when the Dow is 1% down. So, all round good news and thank you for finding it rivaldo.

[smurfy2001] 08/7/2015 12:33

Good find and Wow



Eros management believes the change will push Eros Now past Netflix Inc. in number of users, the person said. Netflix has more than 62 million worldwide subscribers. Unlike Netflix, Eros owns all of its content, consisting of Bollywood films and music."

[rivaldo] 08/7/2015 09:51

Wow - this should stir things up nicely...

EROS are considering selling 10% of EROSNOW to a division of the mighty Temasek at a price which would value EROSNOW alone at $800m....compared to EROS' entire m/cap of $1.3 billion.

Temasek already own 4.5% of EROS itself....



"Eros said in talks to sell stake in streaming unit to Fullerton

Eros is discussing selling 10% of Eros Now to Fullerton, a unit of Singapore state investor Temasek, the person said

New York/Athens/London: Eros International Plc, the Bollywood film producer and distributor, is in advanced talks to sell a stake in its Eros Now unit to Singapore-based Fullerton Fund Management Co., people with knowledge of the matter said.

The deal, if completed, would value Eros Now at as much as $800 million, said the people, who asked not to be named because the transaction is private. That is much higher than where the market values the business now, one of the people said. Eros Now is Eros International’s streaming platform, which has about 19 million subscribers, mostly in India, one person said.

Eros, with a market value of about $1.3 billion, is discussing selling 10% of Eros Now to Fullerton, a unit of Singapore state investor Temasek Holdings Pte, the person said. Eros and Fullerton are negotiating a structure for the investment, the person said. While no agreement has been reached yet, a deal could be announced by next week, another of the people said.

Whit Clay, a spokesman for Eros, and Jeffrey Fang, a spokesman for Temasek, couldn’t immediately be reached for comment.

The Eros Now unit would remain unlisted within the parent company. Fullerton wouldn’t acquire a stake in Eros International, another person said. Temasek holds a stake of about 4.5% in Eros International, according to data compiled by Bloomberg.

Eros Now, currently a paid subscription service, is considering changing its monetization strategy to rely more on digital advertising, one of the people said. This could dramatically boost subscribers and could allow foreign companies to advertise on the platform, the person said. The company is betting that the streaming service will attract growing numbers of users as Indians become more affluent and increasingly use smartphones.

Eros management believes the change will push Eros Now past Netflix Inc. in number of users, the person said. Netflix has more than 62 million worldwide subscribers. Unlike Netflix, Eros owns all of its content, consisting of Bollywood films and music."

[rivaldo] 05/7/2015 07:40

Tanu has set all sorts of records for EROS, and is now up to 250 crore worldwide - with much more to come from "Japan, Germany, Korea & China to name a few"....



I also note that Dil has been a hit due to excellent overseas returns, being "2015′s 6th Highest Grossing Film":

[rivaldo] 01/7/2015 22:52

More new closing highs tonight. I note that Indian EROS is also steaming ahead to new highs:

[rivaldo] 01/7/2015 08:28

New highs now....

Aimingupward, you only have to read this thread to understand the rise. Sometimes this investing lark is simple!

When a company has a raft of good news, plus as huge potential as EROS has - particularly in the digital arena - then the point is not how much it's risen already, but just how far it can go.