Eros International plc

Eros International plc was an Indian multinational global mass media conglomerate. It generally works in the Indian film and entertainment industry. It co-produced, acquired and distributed Indian language films through its film production and distribution subsidiary, Eros International and distributes them in multiple formats worldwide. The group distribution network includes over 50 countries[6] and has offices in India, the United Kingdom, the United States, the United Arab Emirates, Australia, Fiji and the Isle of Man. Kishore Lulla, the son of the founder Arjan Lulla, was the chairman of Eros International plc before its merger with STX Entertainment.[7]

Eros International plc
EROS
TypePublic Limited Company, Media conglomerate
NYSE: EROS (Class A)
Russell 2000 Component
IndustryMedia and Entertainment
FateMerged with STX Entertainment
SuccessorErosSTX
Founded5 January 1977 (1977-01-05)
FounderArjan Lulla and Kishore Lulla
Defunct25 April 2020 (2020-04-25)
HeadquartersFirst Names House, Victoria Road, Douglas, Isle of Man IM2 4DF, British Isles[1],
Isle of Man
Area served
Worldwide
Key people
Kishore Lulla (Executive Chairman and Director)
Ridhima Lulla (COO)
Prem Parameswaran (Chief Financial Officer)
Vijay Ahuja (Executive Director)
Mark Carbeck (Chief Corporate Officer)
Ali Hussain (CEO- Eros Digital)
ServicesMotion picture production and distribution
Revenue US$ 261 million [2] (FY 2018)
US$ 63.9 million[2] (FY 2018)
US$ 126.5 million[2] (FY 2018)
Total assets US$ 1.41 billion[3] (FY 2018)
Total equity US$ 865.6 million[3] (FY 2018)
OwnerKishore Lulla
Number of employees
423 [4][5]
Divisionssee Divisions
SubsidiariesSee Subsidiaries
Websiteerosplc.com

On 16 April 2020, U.S. film studio STX Entertainment announced that it would merge with Eros International to form Eros STX, in a transaction expected to close by June.[8] The proposed merger was completed in July 2020, forming Eros STX Global Corporation.

Divisions and subsidiaries
Division name Country Founded
Eros International Media Limited India 1977
Eros Digital India
Eros Australia Pty Ltd Australia
Eros International Pte. Ltd. Singapore
Eros International USA Inc. United States
Eros Music Publishing Limited United Kingdom (England and Wales)
Eros Network Limited United Kingdom (England and Wales) 2000
Eros Pacific Limited[9] Fiji
Eros World Wide FZ-LLC United Arab Emirates (Dubai) 2006[10]

[11]

Acquisitions and subsidiaries
Name Country Founded or acquired
B4U Network United Kingdom 1999
Acacia Investments Holdings Limited Isle of Man

[11]

Eros International Media
Main article: Eros International

Eros's biggest subsidiary Eros International Media Ltd is one of the oldest companies in the Indian film industry to focus on international markets, and has aggregated rights to over 3,000 films in its library, including recent and classic titles that span different genres, budgets and languages. Eros' portfolio of films over the last three completed fiscal years comprised 197 films. In fiscal 2016, the company released 63 films in total either in India, overseas or both. These comprised 33 Hindi films, 19 Tamil films and 11 regional-language films. For fiscal 2016, the company generated aggregate revenues of $274.4 million derived from theatrical, television syndication and digital and ancillary distribution channels, globally.[12]

Eros Now

Eros Now, the company's digital over-the-top (OTT) platform, has rights to over 5,000 films in Hindi and regional languages, and is focused on Indian films, music and original shows, with offline viewing and subtitles. Eros Now has adopted a platform agnostic distribution strategy on Android and iOS platforms across mobile, tablets, cable or internet, including deals with original-equipment manufacturers (OEMs).[13][14]

Recognition
  • Eros International plc became the first Indian media company to list on the Alternative Investment Market (AIM) of the London Stock Exchange. Subsequently, the company delisted from AIM in November 2013 to list on the New York Stock Exchange (NYSE:EROS).[15]

References
  1. "team-4 – Eros International".
  2. "Eros International Plc Reports Strong Revenue and Profit Growth in FY 2018".
  3. "Eros International PLC A Ordinary Shares (EROS) Financials". www.nasdaq.com.
  4. "How strong is Eros International Number of Employees?". Macroaxis.
  5. "Are you a robot?". Bloomberg. Retrieved 2020-05-02. Cite uses generic title (help)
  6. Kauffman, Seth. "Bollywood Thrills - Eros International Plots its Path to the Stars". NYSE. Retrieved 1 July 2018.
  7. "Executive Management - Eros International Plc". Eros International Plc.
  8. Hayes, Dade (2020-04-17). "STX Merges With India's Eros International, Forming New Public Media Company". Deadline. Retrieved 2020-04-18.
  9. "Eros (Pacific) Ltd". Yellow Pages Fiji.
  10. www.bloomberg.com https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=50267355. Missing or empty |title= (help)
  11. "Subsidiaries of Eros International Plc". www.sec.gov.
  12. "Eros Homepage - Eros International". Eros International.
  13. "EROS NOW - Eros International". erosplc.com.
  14. "Watch in HD and download movies, TV shows, originals, music & latest celebrity gossip on erosnow.com". Eros Now.
  15. "Eros International Plc". London Stock Exchange. 18 September 2013. Retrieved 28 April 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.