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Eros International Media Ltd, the leading global company for Indian filmed entertainment, released its general entertainment free to download application on the iTunes Store. Within the first 48 hours of its soft launch, the Eros Entertainment IOS Application for iPad hit No.1 position in the entertainment category for Free Apps in India (Apple Store).
The application provides a refreshing window for film fans to access a wealth of Bollywood film entertainment.
Eros has a digital repository with access to 1100 films from which short form content will be published to the application. Exclusive EROS movie trailers, photos, and special behind the scenes exclusives, events, movie stills and much more will support this. The application is a first in of its kind in that it is designed for those who love films and want to access content anytime and anywhere all over the globe. The first application is specifically for iPad but other platforms and devices will be released with further features added.
Apart from high quality and exclusive content, the first version of the application has some fun features such as an interactive film quiz as well as the ability to create a custom-made Bollywood movie poster.
We have been highly successful in reaching the world through theatrical and cable homes etc. It is now time to reach the consumer on their terms and digital platforms, specifically mobile and tablets are fast becoming a way of life. We have to stay connected with all audiences through different platforms, said Mr. Kishore Lulla, Chairman& CEO of Eros International plc.
The app has features such as front-page customization and of course previews of all new EROS movies too. Early data shows that 93% users are active on this app and there is 100% retention of the app on their devices.
Bollywood is almost a religion for millions of fans around the world and despite the fact that a cinema experience is still the richest way to truly enjoy a film experience, the digital fans are growing worldwide and are heavily mobile, said Mr. Ricky Ghai, Chief Executive Officer, Eros Digital.
Ghai adds, This application and also our future plans in digital media are all about creating accessibility to premium and entertaining content. Devices are getting better, consumers are becoming mobile and with tablets shipping more units than PCs we can now take the content directly to these rich media platforms and devices. Success comes from creating quality content that is relevant to the consumer and appropriate for the device or platform. All these attributes are catered for in our first release.
The launch of the application signals Eros' intent to deliver its premium content across new digital formats, particularly within India where:
Growth rates in the Indian Media & Entertainment digital sub-sector are estimated to be c.30%;
The advent and consumer take-up of tablets and smart device computers and their suitability as a platform for audio-visual media is rapidly increasing;
The Government target of 600 million internet users in the next 5 years, making India the largest online population in the world, is expected to be met by mobile internet and other 3G connectivity;
The planned roll out of 4G spectrum in 2012 will further ignite the consumption of data-rich entertainment content.
As such, Eros iPad application launch complements macro growth drivers within the Indian Media & Entertainment industry, Indian government policy as well as the companys own digital strategy. Furthermore, the companys progress during 2011 in digitalizing its 1,100-strong film library is enabling the Group to monetise its intellectual property and has positioned itself well to service the new digital products and services expected in 2012.
India Infoline Research Team / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.