Recently floated on AIM, EROS looks set for fast growth in 2007. EROS buys the rights for the distribution of Bollywood movies in all formats (cinema, DVD, television etc.) usually for a cash lump sum on completion of the movie with no commission payable to the producer and also usually alongside the right of first refusal when the contract is up. This business model is high-margin (58.3%) and provides a steady income stream. Bollywood films are becoming increasing popular internationally and this is coupled with the embryonic state of the Indian cinema industry (there are only 12,000 screens for a population of over 1 billion and 90,000 screens are expected to be installed within the next 5 years). Profits for this financial year are expected to climb 61% to $32.4 million. EROS also benefits from being registered in the tax haven of the Isle of Man.

Just thought I'd join you here, Chad.

Indian films are regularly in the top ten uk films.A big Bollywood blockbuster costs around 6m. Uk takings of a hit film can be upwards of 1m (the biggest raked in over 2m in 2001). I know Eros are getting into production and have music rights (another big field). With the number of satellite channels now, there is a demand for their catalogue. The business is sound. whether the market will recognise it is another question. At the end of the day, the figures will speak for themseleves.

Glad to have you on board Profitmaker. Looking forward to some dialogue on here rather than talking to myself all the time lol.

Hi Chad, are you indian, may I ask? I like Bollywood films especially the ones with Aishwarya Rai and Parminder Nagra.

Indian films these days are getting a wider audience, nearly all are subtitled. Subject matter is also moving away from the usual romance. Eklavya was a recent release. It has shades of a Shakespeare tragedy, beautifully shot and great performances- an award winning film. Box office has not been too great in India but doing ok here.

Hi hlyeo, no I'm not Indian and I'm new to Bollywood movies. Im sure I'll become more familiar with them though over the course of this investment.

Looks like a good day today everyone.

LONDON (AFX) - Buyers targeted Eros International, 16-1/2 pence better at 395, as the Bollywood media and entertainment company signed an exclusive deal for

a package of its films to be broadcast on Sony Entertainment Television, one of

India's leading entertainment channels.

This one's held up really well over the past few nasty trading days.

Some big buys coming in today

Article in the Telegraph today about EROS's new deal with YouTube. YouTube has allocated them a channel that will show trailers etc. for their films. The channel is expected to get 30 million viewings in its first 6 months.

Looks like Bollywood movies are going out of trend.

one to watch this week,

I looked at these a couple of years back as I thought that they were in an interesting area, I lost interest mainly because they had some major competition from memory. Chart shows a collapse but on the up recently. DYOR.

Steady rise today following an RNS, 112 now.

Latest buy shown as 125, very nice.

25% up in 5 days, plenty more to come I hope.

Steady rise continues today, latest buy 137.

Good set of results and a very positive outlook, next stop 150.

Very good set of results, surprised it dropped a few pennies, talk of it moving to the main market is good too, this looks like it has a way to go this year.

Small Company Sharewatch has this tipped today + a small piece in the Daily Mail ,good press all round.