New unit changes acquisition-driven business model, set to focus on movie franchises
Indian film distributor Eros International saw revenues increase by 12% in the six months to September, but profits tumbled by 80%.
Toronto-bound women's boxing picture is part of multi-territory distribution package
To make fund raising easier company transferred from London to NYSE earlier this year
Eros International is to give a 150 screen release in South Korea to its 2012 comedy "English Vinglish" as Indian films gain traction in new markets.
Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought an 7.4% stake in leading Bollywood film distributor Eros International.
Eros International, the leading overseas distributor of Indian films, is to raise upwards of $117 million as it makes its long-awaited shift of share listing from London to New York.