Eros International PLC Eros & Sony Entertainment co-production deal
February 14 2013 - 2:00AM
RNS Non-Regulatory
TIDMEROS
Eros International PLC
14 February 2013
EROS INTERNATIONAL PLC ("Eros" or the "Company")
Eros & Sony Entertainment come together in a landmark
co-production deal
'Bhajathe Raho' to be co-produced & distributed by the two
global studios
London, 14(th) February 2013: Eros, a leading global company in
the Indian film entertainment industry, and Multi Screen Media
Private Limited (Sony Entertainment), one of the largest Indian
television networks, will co-invest and co-produce Shashant Shah's
'Bhajathe Raho'.
Eros and Sony Entertainment will jointly produce and distribute
the film which is currently under production. Directed by Shashant
Shah who has previously directed 'Chalo Dilli' for Eros, 'Bhajathe
Raho' stars an ensemble cast of Tusshar Kapoor, Ranveer Shorey,
Vinay Pathak, Ravi Kissen, Dolly Alhuwalia and others. The film is
due to be released mid-2013.
Commenting on the tie-up, Jyoti Deshpande, Group CEO &
Managing Director, Eros said, "We are excited about the Eros-Sony
deal. Film and television are at the epicenter of Indian media and
entertainment and a collaboration such as this is complementary to
our respective strengths. With film companies becoming TV companies
and vice versa, the undisputed winner is original content and we
hope to further build on this relationship with a global brand like
Sony."
N.P Singh, Chief Operating Officer, Multi Screen Media Private
Limited added, "As a major Indian television network, we are very
happy to enter into this agreement with a leading Indian studio
like Eros to develop and release high quality original Indian
content to fans of Indian cinema across the world".
For further information, please contact:
Eros International Plc
Andrew Heffernan
Chief Financial Officer
T: +44 (0) 20 7258 9892
Sean Hanafin
Chief Corporate & Strategy Officer
T: +44 (0)20 7258 9909
Jamie M.M. Kirkwood
Group Communications & Investor Relations
T: +44 (0)20 7258 9906
Investec Bank plc
Nominated Adviser & Joint Broker
Jeremy Ellis / Patrick Robb / Carlton Nelson
T: +44 (0) 20 7597 5000
Peel Hunt LLP
Joint broker
Richard Kauffer / Daniel Harris
T: +44 (0) 20 7418 8900
About Eros International Plc
-- Eros co-produces, acquires and distributes Indian language
films, in multiple formats worldwide
-- In 2006, Eros listed its shares on the AIM Market of the London Stock Exchange
-- In October 2010, Eros International listed its Indian
subsidiary Eros International Media on the BSE & NSE in
India
-- Eros operates in over 50 countries, with offices throughout
India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and
the Isle of Man
A registration statement relating to Eros' A Ordinary Shares has
been filed with the United States Securities and Exchange
Commission, but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy nor shall there be any offer or sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
Some of the information presented in this press release and in
related comments by Eros' management contains forward-looking
statements. In some cases, these forward-looking statements are
identified by terms and phrases such as "aim," "anticipate,"
"believe," "feel," "contemplate," "intend," "estimate," "expect,"
"continue," "should," "could," "may," "plan," "project," "predict,"
"will," "future," "goal," "objective," and similar expressions and
include references to assumptions and relate to Eros' future
prospects, developments and business strategies. Similarly,
statements that describe Eros' strategies, objectives, plans or
goals and statements regarding the proposed offering and the
anticipated costs of these transactions are forward-looking
statements and are based on information available to Eros as of the
date of this press release. Forward-looking statements are subject
to risks, uncertainties and assumptions that could cause actual
results to differ materially from those contemplated by the
relevant statement. Such risks and uncertainties include a variety
of factors, some of which are beyond Eros' control, including
market conditions. Information concerning these and other factors
that could cause results to differ materially from those contained
in the forward-looking statements is contained under the caption
"Risk Factors" in Eros' Registration Statement on Form F-1 filed
with the U.S. Securities and Exchange Commission. Eros undertakes
no obligation to revise the forward-looking statements included in
herein to reflect any future events or circumstances, except as
required by law. Eros' actual results, performance or achievements
could differ materially from the results expressed in, or implied
by, these forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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