Eros International Plc (NYSE: EROS) is engaged as a global Indian entertainment company, which focuses on the acquisition, co-production, and distribution of Indian films across many formats like cinema, TV, and digital streaming. Shares of the Indian entertainment company are jumping 26.38%, during early trading on Thursday, September 19, 2019. Over the past three months, Eros International has seen average daily volume of 3.35 million shares. However, volume of 13.2 million shares or dollar volume of $42.37 million, has already exchanged hands through early trading on Thursday.
Shares of Eros International are climbing on Thursday, after the company announced collaboration with Microsoft Corporation (NASDAQ: MSFT) to build and develop the a next generation online video platform via Microsoft Azure. Eros International’s Eros Now will utilize Microsoft Azure for three main areas of tech development: intuitive online video platform, interactive voice, and personalized recommendations. “Peggy Johnson, Executive Vice President, Microsoft, Corp. said, “As an innovator in on-demand video, Eros Now has been transforming the way millions of people access and consume content. By using our combined expertise across technology and media, we have an opportunity to build on that foundation and re-imagine entertainment for the rapidly growing audience of digitally-connected consumers in India.”
Eros International Plc Press Release:
DOUGLAS, Isle of Man–(BUSINESS WIRE)–
Eros Now, a South Asian entertainment OTT (over-the-top) video platform by Eros International Plc, a Global Indian Entertainment Company, the ultimate one-stop destination for the internet generation to consume captivating content, today announced a collaboration with Microsoft to build a next generation online video platform on Microsoft Azure targeted at its consumers across the globe. This is a unique association for Microsoft in India in the online video space.
Building on its history of innovation, Eros Now will leverage Microsoft Azure for three areas of technology development:
- Intuitive Online Video Platform: Using Microsoft Azure and Azure Media Services, Eros will develop a new, intuitive online video platform. The new platform will provide seamless delivery of content for its consumers across geographies and languages, supported by a robust infrastructure including Azure Content Delivery Network (CDN).
- Interactive Voice Offerings: Eros will work to create new interactive voice offerings for consumers, powered by Azure AI tools, including OTT app video search experiences and voice search for video content across 10 Indian languages.
- Personalized Recommendation Engine: To increase consumer satisfaction and loyalty, Eros will create an engine to deliver personalized content recommendations for consumers by leveraging its own user data, combined with Azure AI, analytics, Cloud Data Warehousing solutions and Azure Media Services
Commenting on the announcement, Rishika Lulla Singh, CEO- Eros Digital, said, “The Online Video market has brought a paradigm shift in the way technology is used and will be used to enhance the customer journey and user experience. We at Eros Now have been the earliest movers in the adoption of technology which is a core strength of the brand. The objective and the goal of this collaboration is to ensure we become the primary innovators for the video business and a gold standard for the others to follow. We have immense respect for Microsoft as a company to help us innovate and pave the path for the next generation of online video.”
Peggy Johnson, Executive Vice President, Microsoft, Corp. said, “As an innovator in on-demand video, Eros Now has been transforming the way millions of people access and consume content. By using our combined expertise across technology and media, we have an opportunity to build on that foundation and re-imagine entertainment for the rapidly growing audience of digitally-connected consumers in India.”
“India is one of the fastest-growing digital entertainment and media markets worldwide, driven by the growth in online video content. AI and intelligent cloud tools will be the next drivers of the media business and will impact everything from content creation to consumer experience. We are very excited to work with Eros Now to redefine the online video watching experience for consumers,” said Anant Maheshwari, President, Microsoft India.
Eros’ work with Microsoft will help it transform not only how it delivers streaming services to its consumers but also to reimagine the offerings it can provide. This news today is a step forward in the age of digital transformation to enhance the online video streaming experience and better serve its users globally.
About Eros International Plc
Eros International Plc (EROS) a Global Indian Entertainment company that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International Plc became the first Indian media company to list on the New York Stock Exchange. Eros International has experience of over three decades in establishing a global platform for Indian cinema. The Company has an extensive and growing movie library comprising of over 3,000 films, which include Hindi, Tamil, and other regional language films for home entertainment distribution. The Company also owns the rapidly growing OTT platform Eros Now. For further information, please visit: www.erosplc.com.
About Eros Now
Eros Now is Eros International Plc’s On-Demand South Asian Entertainment Video Service accessible worldwide to viewers across internet enabled devices including mobile, web and TV. With 12,000 plus Movie titles, Music Videos, Television Programming and others Eros Now caters to more than 154.7 million registered users and 18.8 million paying subscribers worldwide with the promise of endless entertainment Product features, such as video in HD, multi-language subtitles, movie downloads, and high-quality original drama series differentiate the Eros Now entertainment offering. To see, watch now: www.erosnow.com