TIDMEROS
Eros International PLC
18 July 2012
Eros International plc announces successful opening weekend box
office gross of
US$ 12 million worldwide for Cocktail
18(th) July 2012: Eros International plc ('Eros' or 'the
Company'), a leading global company in the Indian film
entertainment industry, has announced a gross opening weekend box
office gross of US$ 12 million worldwide for its latest release
Cocktail. The film has grossed over US$ 9 million in India (net
collection: US$ 6 million) and US$ 3 million overseas.
Produced by Eros International and Illuminati Films, directed by
Homi Adajania and starring Saif Ali Khan, Deepika Padukone and
debutante Diana Penty, Eros released Cocktail worldwide on 13(th)
July 2012.
Commenting on the film's performance, Nandu Ahuja, Senior VP,
Distribution said: "Cocktail is a young urban film and has taken
the metros and multiplexes by storm. We are anticipating the youth
audience will drive the momentum through the week and maintain the
good numbers. After the success of Love Aaj Kal, yet another hit
from Saif Ali and Dinesh Vijan in combination with Eros makes us
really proud of this alliance".
Pranab Kapadia, President, Marketing & Distribution added:
"Grossing US$ 3 million in our international markets in three days,
Cocktail is rated No 5 on the UK Box Office charts and No 9 in
Australia and has struck the right chord with international
audiences. The music of the film is already a big hit amongst the
youth audience and offers the film the opportunity to run through
for a longer period through Ramadan. Other territories like UAE,
Pakistan, Fiji, New Zealand and Singapore are also performing
well".
With Cocktail, Saif Ali Khan has proved his popularity once
again in this genre and continues to be a multiplex favourite.
Producer, Dinesh Vijan, said: "Cocktail has managed to get
straight to the youth. Once the songs and promos released online
and went viral, I knew that soon it wouldn't be our film anymore
and would belong to them. Our exclusive online strategy was a
calculated risk that has paid off. The internet is democratic,
uncensored and brutally honest medium and all our online viewers
gave Cocktail a life of its own and are responsible for its massive
opening, I am very grateful for this".
Director, Homi Adajania, added: "I feel what has clicked for
Cocktail is that this film belongs to everyone who has ever
experienced love and friendship. It's hip, contemporary and very
identifiable. If you have had these experiences, go watch it, if
you haven't, then go fall in love instead!"
Cocktail is a contemporary story about a hilarious and dramatic
summer in the lives of three strangers in London who inadvertently
become best friends and start living together. Everything seems to
be perfect until love comes to town! Set against the vibrant and
luscious backdrop of London this is a comical, new-age and warm
celebration of relationships exploring various choices that life
may offer and the extraordinary choices that ordinary people
make.
For further information, please contact:
Eros International Plc
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
Patrick Robb / Jeremy Ellis / Carlton Nelson
T: +44 (0) 20 7597 5000
Peel Hunt LLP
Joint broker
Richard Kauffer / Dan Harris / Andy Crossley
T: +44 (0) 20 7418 8900
Pelham Bell Pottinger
Nick Lambert / Victoria Geoghegan / Elizabeth Snow
T: +44 (0) 20 7861 3232
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 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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