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The Indian group is looking for a deal that covers its catalog of 3,000 titles and possibly even its streaming platform ErosNow.
India's Eros Group, a key player in film production and distribution, is in early talks to sell its content library to Apple, Netflix or Amazon for “around $1 billion," according to a report in business newspaper The Economic Times, which cited unnamed sources.
A potential deal may also include the company’s streaming service ErosNow, the report suggested.
Another report by Reuters also quoted an unnamed source as saying that Eros was in talks with Apple, Amazon, Netflix “and other major content distributors to sell its entire content library of films and music.” It added that talks were in "very early stages."
Asked for comment by The Hollywood Reporter, Mumbai-based Eros shared a statement that it also issued to the Bombay Stock Exchange. “It may be noted that we are not privy to any strategic discussion that our NYSE listed parent company Eros International plc may be having with various potential partners," it said. "As always, the company will continue to make the necessary disclosures as and when material events occur.”
Indian Film Company Eros in Talks to Sell Library to Apple, Netflix, Amazon (Report)
India's Eros Group, a key player in film production and distribution, is in early talks to sell its content library to Apple, Netflix or Amazon for “around $1 billion," according to a report in business newspaper The Economic Times, which cited unnamed sources.
A potential deal may also include the company’s streaming service ErosNow, the report suggested.
Another report by Reuters also quoted an unnamed source as saying that Eros was in talks with Apple, Amazon, Netflix “and other major content distributors to sell its entire content library of films and music.” It added that talks were in "very early stages."
Asked for comment by The Hollywood Reporter, Mumbai-based Eros shared a statement that it also issued to the Bombay Stock Exchange. “It may be noted that we are not privy to any strategic discussion that our NYSE listed parent company Eros International plc may be having with various potential partners," it said. "As always, the company will continue to make the necessary disclosures as and when material events occur.”
Indian Film Company Eros in Talks to Sell Library to Apple, Netflix, Amazon (Report)
