Eros International Media gained over 2 percent intraday on Thursday as the company has tied-up with HBO Asia for two premium TV channels.
In an interview with CNBC-TV18, group executive chairman, Kishore Lulla said he aimed Rs 500 crore revenues from these channels in two years. "We will launch 5-6 TV channels with HBO in 2-3 years," he added. Kishore Lulla expects penetration to reach 25 percent in 3 years and is targetting to get 20 million subscribers for 2 channels in 2 years. At 14:16 hours IST, the stock went up 2.07 percent to Rs 222.25 on the Bombay Stock Exchange. Also ReadPVR drops 4% on profit booking for second consecutive day
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