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Eros International plc: Difference between revisions
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{{short description| | {{short description|Former mass media company in India}} | ||
{{ | {{Use dmy dates|date=June 2022}} | ||
{{Use Indian English|date=June 2022}} | |||
{{Infobox company | {{Infobox company | ||
| name = Eros International plc | | name = Eros International plc | ||
| logo = | | logo = | ||
| logo_size = 300px | | logo_size = 300px | ||
| logo_alt = | | logo_alt = | ||
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| former_name = | | former_name = | ||
| type = [[Public Limited Company]], [[Media conglomerate]] | | type = [[Public Limited Company]], [[Media conglomerate]] | ||
| traded_as = {{NYSE|EROS}} (Class A)<br>[[Russell 2000 Index|Russell 2000 Component]] | | traded_as = {{NYSE|EROS}} (Class A)<br />[[Russell 2000 Index|Russell 2000 Component]] | ||
| ISIN = | | ISIN = | ||
| ISIN2 = | | ISIN2 = | ||
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| num_locations_year = | | num_locations_year = | ||
| area_served = Worldwide | | area_served = Worldwide | ||
| key_people = [[Kishore Lulla]] (Executive Chairman and Director)<br>Ridhima Lulla ([[Chief content officer|COO]])<br>[[Prem Parameswaran]] (Chief Financial Officer)<br>Vijay Ahuja (Executive Director)<br>Mark Carbeck (Chief Corporate Officer) <br>Ali Hussain (CEO- [[Eros Digital]]) | | key_people = [[Kishore Lulla]] (Executive Chairman and Director)<br />Ridhima Lulla ([[Chief content officer|COO]])<br />[[Prem Parameswaran]] (Chief Financial Officer)<br />Vijay Ahuja (Executive Director)<br />Mark Carbeck (Chief Corporate Officer) <br />Ali Hussain (CEO- [[Eros Digital]]) | ||
| products = | | products = | ||
| brands = | | brands = | ||
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| members = | | members = | ||
| members_year = | | members_year = | ||
| num_employees = 423 <ref>{{Cite web|url=https://www.macroaxis.com/invest/ratio/EROS--Number-of-Employees|title=How strong is Eros International Number of Employees?|website=Macroaxis}}</ref><ref>{{cite web | title= | | num_employees = 423 <ref>{{Cite web|url=https://www.macroaxis.com/invest/ratio/EROS--Number-of-Employees|title=How strong is Eros International Number of Employees?|website=Macroaxis}}</ref><ref>{{cite web |title=Company Overview of Eros International Plc |date=5 November 2018 |website=Bloomberg |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=25696430 |access-date=2020-05-02 |archive-date=2018-11-05 |archive-url=https://web.archive.org/web/20181105202529/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=25696430 |url-status=dead}}</ref> | ||
| num_employees_year = | | num_employees_year = | ||
| parent = | | parent = | ||
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}} | }} | ||
'''Eros International plc''' was an Indian [[Multinational corporation|multinational]] global [[Media conglomerate|mass media conglomerate]]. It generally works in the [[Indian cinema|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. | '''Eros International plc''' was an Indian [[Multinational corporation|multinational]] global [[Media conglomerate|mass media conglomerate]]. It generally works in the [[Indian cinema|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<ref>{{cite web|url=https://www.nyse.com/network/article/Eros-Bollywood-Thrills|title=Bollywood Thrills | The group distribution network includes over 50 countries<ref>{{cite web|url=https://www.nyse.com/network/article/Eros-Bollywood-Thrills|title=Bollywood Thrills – Eros International Plots its Path to the Stars|last=Kauffman|first=Seth|date=|website=NYSE|archive-url=|archive-date=|access-date=1 July 2018}}</ref> 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.<ref>{{cite web|url=https://erosplc.gcs-web.com/corporate-governance/management|title=Executive Management – Eros International Plc|website=Eros International Plc}}</ref> | ||
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.<ref>{{Cite web|url=https://deadline.com/2020/04/stx-merges-with-eros-international-1202911403/|title=STX Merges With India's Eros International, Forming New Public Media Company|last=Hayes|first=Dade|date=2020-04-17|website=Deadline|language=en|access-date=2020-04-18}}</ref> The proposed merger was completed in July 2020, forming [[ErosSTX|Eros STX Global Corporation]]. | 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.<ref>{{Cite web|url=https://deadline.com/2020/04/stx-merges-with-eros-international-1202911403/|title=STX Merges With India's Eros International, Forming New Public Media Company|last=Hayes|first=Dade|date=2020-04-17|website=Deadline|language=en|access-date=2020-04-18}}</ref> The proposed merger was completed in July 2020, forming [[ErosSTX|Eros STX Global Corporation]]. | ||
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| Eros World Wide FZ-LLC | | Eros World Wide FZ-LLC | ||
| United Arab Emirates (Dubai) | | United Arab Emirates (Dubai) | ||
| 2006<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=50267355|website=www.bloomberg.com}}</ref> | | 2006<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=50267355|website=www.bloomberg.com|title=Archived copy|access-date=2020-07-31|archive-date=2018-10-18|archive-url=https://web.archive.org/web/20181018043036/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=50267355|url-status=dead}}</ref> | ||
|}<ref name="auto">{{cite web|url=https://www.sec.gov/Archives/edgar/data/1532981/000119312512141540/d282069dex211.htm|title=Subsidiaries of Eros International Plc|website=www.sec.gov}}</ref> | |}<ref name="auto">{{cite web|url=https://www.sec.gov/Archives/edgar/data/1532981/000119312512141540/d282069dex211.htm|title=Subsidiaries of Eros International Plc|website=www.sec.gov}}</ref> | ||
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{{Main|Eros International}} | {{Main|Eros International}} | ||
Eros's biggest subsidiary [[Eros International|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's biggest subsidiary [[Eros International|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.<ref>{{cite web|url=http://www.erosintl.com/|title=Eros Homepage | 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.<ref>{{cite web|url=http://www.erosintl.com/|title=Eros Homepage – Eros International|website=Eros International}}</ref> | ||
===Eros Now=== | ===Eros Now=== | ||
[[Eros Now]], the company's digital [[Over-the-top media services|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 (operating system)|Android]] and [[iOS]] platforms across mobile, tablets, cable or internet, including deals with original-equipment manufacturers (OEMs).<ref>{{cite web|url=http://erosplc.com/?page_id=190|title=EROS NOW | [[Eros Now]], the company's digital [[Over-the-top media services|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 (operating system)|Android]] and [[iOS]] platforms across mobile, tablets, cable or internet, including deals with original-equipment manufacturers (OEMs).<ref>{{cite web|url=http://erosplc.com/?page_id=190|title=EROS NOW – Eros International|website=erosplc.com}}</ref><ref>{{cite web|url=https://erosnow.com/|title=Watch in HD and download movies, TV shows, originals, music & latest celebrity gossip on erosnow.com|website=Eros Now}}</ref> | ||
==Recognition== | ==Recognition== | ||
| Line 153: | Line 154: | ||
[[Category:Film distributors of India]] | [[Category:Film distributors of India]] | ||
[[Category: | [[Category:Hindi cinema]] | ||
[[Category:Mass media companies established in 1977]] | [[Category:Mass media companies established in 1977]] | ||
[[Category:Film production companies based in Mumbai]] | [[Category:Film production companies based in Mumbai]] | ||
[[Category:Indian companies established in 1977]] | [[Category:Indian companies established in 1977]] | ||
[[Category:2020 mergers and acquisitions]] | [[Category:2020 mergers and acquisitions]] | ||
Latest revision as of 07:29, 15 June 2022
| EROS | |
| Traded as | Template:NYSE (Class A) Russell 2000 Component |
| Industry | Media and Entertainment |
| Fate | Merged with STX Entertainment |
| Successor | ErosSTX |
| Founded | 5 January 1977 |
| Founder(s) | Arjan Lulla and Kishore Lulla |
| Defunct | 25 April 2020 |
| Headquarters | First Names House, Victoria Road, Douglas, Isle of Man IM2 4DF, British Isles[1], |
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) |
| Services | Motion 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) |
| Owner | Kishore Lulla |
Number of employees | 423 [4][5] |
| Divisions | see Divisions |
| Subsidiaries | See Subsidiaries |
| Website | erosplc |
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]
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[edit]
| Division name | Country | Founded |
|---|---|---|
| Eros International Media Limited | India | 1977 |
| Eros Digital | India | 2012 |
| 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] |
Acquisitions and subsidiaries[edit]
| Name | Country | Founded or acquired |
|---|---|---|
| B4U Network | United Kingdom | 1999 |
| Acacia Investments Holdings Limited | Isle of Man |
Eros International Media[edit]
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[edit]
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[edit]
- 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[edit]
- ↑ "team-4 – Eros International".
- ↑ 2.0 2.1 2.2 "Eros International Plc Reports Strong Revenue and Profit Growth in FY 2018".
- ↑ 3.0 3.1 "Eros International PLC A Ordinary Shares (EROS) Financials". www.nasdaq.com.
- ↑ "How strong is Eros International Number of Employees?". Macroaxis.
- ↑ "Company Overview of Eros International Plc". Bloomberg. 5 November 2018. Archived from the original on 5 November 2018. Retrieved 2 May 2020.
- ↑ Kauffman, Seth. "Bollywood Thrills – Eros International Plots its Path to the Stars". NYSE. Retrieved 1 July 2018.
- ↑ "Executive Management – Eros International Plc". Eros International Plc.
- ↑ Hayes, Dade (17 April 2020). "STX Merges With India's Eros International, Forming New Public Media Company". Deadline. Retrieved 18 April 2020.
- ↑ "Eros (Pacific) Ltd". Yellow Pages Fiji.
- ↑ "Archived copy". www.bloomberg.com. Archived from the original on 18 October 2018. Retrieved 31 July 2020.
{{cite web}}: CS1 maint: archived copy as title (link) - ↑ 11.0 11.1 "Subsidiaries of Eros International Plc". www.sec.gov.
- ↑ "Eros Homepage – Eros International". Eros International.
- ↑ "EROS NOW – Eros International". erosplc.com.
- ↑ "Watch in HD and download movies, TV shows, originals, music & latest celebrity gossip on erosnow.com". Eros Now.
- ↑ "Eros International Plc". London Stock Exchange. 18 September 2013. Retrieved 28 April 2015.
External links[edit]
 | This article needs additional or more specific categories. (May 2020) |