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.

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.

http://www.headlinesindia.com/entertainment-news/movies/kambakkht-ishq-grosses-rs1-bn-in-first-week-16527.html


Another positive write up.

Positive news out today and about to hit 150

Yup this is looking good i'm hanging on to mine..

Eros buoyed by Love Aaj Kal opening
Business Financial Newswire
Indian media and entertainment firm Eros International had an extremely positive opening for 'Love Aaj Kal', with the film grossing INR62crores worldwide in its opening weekend.

The film has grossed over INR47crores in India and INR15crores overseas.

The firm said Love Aaj Kal had been a resounding success with never before seen response to a Hindi film overseas.

The film is in the UK Top 10 and Australia has shown fabulous collections of A$205,821, once again leaving behind previous hits.

Ticking up..

bid 150 now, very nice, probably be some profit taking now.