We continue to take pride in our green-lighting process, and build on our portfolio strategy of films across varied budgets and languages backed by strong pre-sales to minimise the risk profile of our business.
Digitisation of cinema screens has changed the landscape of Indian cinema in several ways. At Eros, we have leveraged this trend to ensure faster consumer reach and tighter cost control, and further consolidate our leadership position.
Eros continues to lead innovations in the industry and our initiative of Trinity Pictures, India’s first franchise film label is progressing well with 4 films expected to enter into production, including 2 Indo-China film productions. We believe that with these initiatives in the years to come we will be able to develop new and non-traditional revenue streams such as gaming, merchandising and opening new markets such as China for theatrical releases. Equally Eros Now, the entertainment portal owned by our parent company, Eros International Plc. is growing well and we are proud to have garnered over 44 million registered users.
At Eros, we remain committed to serve our audiences better; and in this context I would like to thank the extraordinary effort of our employees and partners.
We are entering FY2017 with an exciting collection of over 65 content driven Eros films in Hindi and other regional languages, making it the biggest future slate by any studio in India. We have already entered into pre-sales of satellite rights for Housefull 3, Dishoom, Baar Baar Dekho, Rock On 2, Banjo amongst others along with some regional films which give us a good revenue visibility and mitigate risk.
I am confident that with our clear strategic focus and our scaled up and differentiated business model we will continue to deliver encouraging results in the future.
On behalf of our entire leadership team, I thank all our shareholders and associates for their continued support.
(from Annual Report 2015-16)