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A new script

New fiscal begins with a stake sale for Eros International promoters

Soumik Kar

Sequels don’t always work. Chaar Sahibzaade 2, Rock On 2 and Kahaani 2 haven’t done wonders on the box office as evident in the numbers of Eros International Media, headed by Sunil Lulla as the executive vice-chairman and MD. The movies which were released in the third quarter of FY17 didn’t rub off on revenues, which fell 0.7% to Rs.335.8 crore. In fact, for the nine months of FY17, revenue growth fell 7.1% against 35% growth for the previous corresponding period.