Eros International Plc (NYSE:EROS) Q1 2020 Earnings Conference Call - Final Transcript
Oct 08, 2019 • 08:30 am ET
Good morning, ladies and gentlemen and welcome to the Eros International Plc's First Quarter Fiscal Year 2020 Earnings Conference Call. This call is being broadcast live on the Internet and a replay of the call will be available on the Company's website. This morning, the company published its earnings press release on its website, erosplc.com.
The company would like to remind everyone listening that during this call, it will be making forward-looking statements under the Safe Harbor Provisions of the Federal Securities laws. The company's actual results may differ materially from those projected under forward-looking statements. During the call, the company will also discuss non-GAAP financial measures in talking about its performance. You can find a reconciliation of these measures to the GAAP financial measures in this company's press release.
I would now like to turn the call over to Mr. Kishore Lulla, Executive Chairman and CEO of Eros International Plc. Please go ahead, sir.
Thank you. Good morning, ladies and gentlemen. Indian film entertainment was not born a global phenomena. It is an industry we have worked hard to create over the last 40 years, be it the distribution or the creative aspects of the business, having spearheaded the driving force, it is within our core to ensure our films have the ability to touch individuals around the world. Eros has opened markets worldwide, be it UK, US, Canada, Middle-East, Korea and now China. Our theatrical resume in China have been a runaway success both ranking within the top four highest Indian language box-office grossing films.
Furthermore, Eros Now continues to grow, not only the subscriber numbers, but also the global distribution presence across the platforms such as in Apple, Amazon, Vodafone and this quarter, most notably WASU Media in China where we are yet again the pioneering markets creating a global Indian entertainment phenomenon. The key to successfully exploiting content is creating content of substance, storytelling that has the ability to resonate with the billions. Our expansion into the regional language content ensures that we are able to reach and navigate a culturally and linguistically diversed landscape. Today, approximately only 7% of the content consumed in India is in English, 60% is in Hindi and the balance is in regional Indian languages. We have seen this segment grow due to international releases and rural penetration. Eros has successfully released hundreds of regional language films in the past 10 years. Furthermore, Eros Now also serves as content across over 10 regional languages.
Eros Now recent original series premiere of Modi was the first scripted episodic biopic of our Prime Minister. This original series was not only released in Hindi but also in four regional languages. We also have our forthcoming theatrical release to look forward to, imminently Laal Kaptaan as well as our first triangular feature film based on the classic cinematic successful 1971 film, Haathi Mere Saathi. As our business continues to grow and evolve, we understand it's important to set clear financial targets for all the stakeholders to