

Under the co-production treaty, a film designated as a co-production will not be considered a foreign film and, therefore, will avoid any associated restrictions. Although Deshpande was not willing to confirm, market sources said Amitabh Bachchan and Ranveer Singh could be part of the Indian star cast in the debut Sino-Indian venture. The first film from the Eros library to be remade or localised will be Sridevi-starrer English Vinglish.Īs for the first co-production - which is titled Da Tang Xuan Zang (Monk Xuan Zang) and stars China’s popular actor Huang Xiaoming, and which Eros has already announced with CFGC, China’s largest and most influential state-run film enterprise-it opens up avenues for Eros for local content creation in China.

To begin with, Eros will dub and release Junglee Pictures and Excel Entertainment’s upcoming Dil Dhadakne Do, directed by Zoya Akhtar.

At a budget of $18-40 million, of which Eros contributes 30% and shares intellectual property (IP), this is a very exciting proposition for us at Eros.”Īccording to Deshpande, the second front of co-operation is releasing at least 10 films each year from Eros’ library of 2,000-plus films, which they will localise for the Chinese market, and similarly the Chinese companies will localise for the Indian market. These films will have the potential to gross more than $200 million in just these two markets, with the rest of the world being additional margin. “China is a $5-billion film market second to just the US. One where we will co-produce bi-lingual Sino-Hindi films shot in both countries with cast and crew from both countries that expands our combined market size to 2.5 billion people,” said Deshpande. We will be collaborating with our Chinese partners on three specific fronts. In comparison, India’s widest release till date has been across just 5,000 screens. In five years China is expected to surpass the US as the largest box office, according to the Motion Pictures Associworld ation of America. Eros shares ended 4.7 per cent higher at Rs 440.80 on the NSE, outperforming the broader Nifty, which closed 1.05 per cent lower.Since 2010, the number of theatre screens in China has quadrupled to 23,600. Maybank has a "buy" call on Eros with a target price of Rs 525.
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The brokerage expects Eros' other movies - 'Uttama Villian' (a tamil movie released in April) and 'Dil dhadakne Do' (set to hit theatres in June) to do well as well. "We expect Eros to make at least 100 per cent return on this movie due to sale of music, satellite and other rights," Maybank added. What 'Tanu Weds Manu Returns' Success Means for Eros:Īccording to brokerage Maybank, 'Tanu Weds Manu Returns' is likely to gross Rs 100 crore over its lifetime in box-office collections.

'Tanu Weds Manu Returns' has also proved to be a major success abroad, according to trade analysts. Achhe din aa gaye!- taran adarsh May 25, 2015 Almost doubled the biz on Sun vis-a-vis Fri. The jump in the biz of #TanuWedsManuReturns is an eye-opener. The laugh riot featuring Kangana Ranaut and R Madhavan was made at an estimated cost of Rs 30 crore. 'Tanu Weds Manu Returns' made nearly Rs 38 crore over the weekend to become the highest-grossing film in the first weekend this year, tweeted box office trade analyst Komal Nahta.ģ7.75cr.(maybe a bit more)is the magical figure.Tanu becomes highest-grossing film in 1st weekend this year so far,despite IPL final Sunday!- Komal Nahta May 25, 2015Īnother analyst Taran Adarsh tweeted that 'Tanu Weds Manu Returns' likely recovered its cost over the weekend itself. Eros International Media shares jumped as much as 5 per cent on Monday as the Mumbai-based movie production and distribution company's latest film 'Tanu Weds Manu Returns' headed towards the Rs 50-crore mark in collections.
