Dallas, Texas 08/20/2014 (FINANCIALSTRENDS) – Eros International plc (NYSE:EROS) the Mumbai-based entertainment company is riding the new wave of interest shown by global industry heavy-weights.
The company popular domestically for the varied content it produces, licenses and cross-produces for the countries various media is definitely positioned for strategic growth.
Unlike the US entertainment industry which is by and large organized and in many ways operates via syndicated services is different from the Indian movie production and entertainment industry where majority of those funding the venture are individuals with ‘black money.’ Typically movies made in this industry, which are called Bollywood movies are unable to raise loans from banks as the industry does not have structures or process to speak of for stakeholders to raise loans.
However, with the new wave of corporatized style of operations slowly making inroads into Mumbai(Bombay) film-making, the likes of Eros International plc (NYSE:EROS) definitely have their plates full.
With only a handful of operators such as Reliance’s group and UTV, which is now merged with Walt Disney’s Indian venture, there is room for immense growth for home-bred and established player such as EROS.
Eros International plc (NYSE:EROS) in the past five years has marked increase in revenues to the tune of 21.7%. Secondly, the company has been diversifying into multiple arenas of entertainment and therefore away from the pressures of having to make each movie it is involved in a commercial success. It’s presence in Pay TV, online as well a digital services which allow it to develop various monetization options is indeed noteworthy.
EROS has now acquired the build of a working model with monetization avenues as it has now seen an increase in the number of subscribers increase internationally.
