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Eros International pioneers visual effects company, EYEQUBE STUDIOS with international talent Charles Darby

16/10/2007

London, October 16, 2007: Eros International Plc, the leading integrated company within the Indian media & entertainment sector, today announced its foray into visual effects in association with leading international talent, Charles Darby. Eros will have a significant majority shareholding in the new company to be called EYEQUBE Studios Private Limited, with Charles Darby holding the balance of the shares. Eros will provide working capital funding to the new venture of up to US $5 million.

EYEQUBE is positioned to be India's first company that's built from the ground-up for film effects supported by world-class training from renowned international experts in the field.

Charles Darby is one of the pioneers of digital matte paintings and has been associated with more than 45 films in the last 13 years. Darby's work includes Academy and BAFTA award-winning work on films such as 'Titanic,' 'The Matrix', 'Crouching Tiger Hidden Dragon', 'The Fifth Element' and 'Minority Report'.

His most recent work includes 'Girl with a Pearl Earring', 'Harry Potter and the Prisoner of Azkaban' and 'I Robot'. He won an Emmy in 2006 for his art direction and VFX designs for HBO'S "Rome". The other television series Darby was involved with, "Dune", also won an Emmy for best VFX. You can find out more about Darby's work at www.charlesdarby.com

EYEQUBE will provide a cutting edge visual effects platform for Indian filmmakers. The company will employ senior supervisors and artists to run "master classes" in individual departments and will bring in trainers who are, amongst others, ex-WETA, ILM and MPC staff. EYEQUBE will provide artists a canvas to explore their creativity, which will be a huge paradigm shift from removing wires and other mechanical jobs that seem to plague the Indian visual effects industry at present. EYEQUBE will provide freedom to all those people within the Indian industry who have thus far been afraid of 'imagining'.

EYEQUBE will produce top-end visual effects work in the Indian industry and internationally. It will exclusively handle visual effects for all of Eros International's productions and co-productions. The company has already commenced work on Eros International's much awaited films Aladin and Drona and has several other films in the pipeline. EyeQube Studios has kicked off a massive recruitment drive within India to find the brightest and the best to be the founding core team. The EyeQube recruitment website, www.eyeqube.com, is up and running, offering full details of the positions available in this exciting new company.

Commenting on the occasion Kishore Lulla, Chairman & CEO, Eros International said, "Eros is immensely proud to announce our foray into the world of Visual Effects and who better than Charles Darby to lead us from the front. EYEQUBE will help raise the bar of Indian visual effects and catapult the industry to international standards. Our artistes deserve better, our filmmakers deserve better and above all our audiences deserve better. EYEQUBE will produce not only Indian films with visual effects never seen before, but also be selectively involved with a few prestigious international projects. This is our chance to build something special for the Indian film industry"

Charles Darby, Creative Director, EYEQUBE Studios Pvt. Ltd. Said, "India has talent, drive, passion and ambition. What it lacked was infrastructure and exposure to the right opportunity, which Eros is bringing to the table. In a backdrop where there is still a large amount of confusion as to the difference between Animation and Visual Effects, EYEQUBE will be something like Hollywood in a Box to the Indian filmmakers. Our collective strengths will allow us to channel the talent within India into a very special facility that focuses on quality rather than quantity and sets exemplary standards in their work. Every image we create will speak volumes about our company. They will make clear our innovation, our attention to detail, our whole company ethos. Each image will be a statement of our creativity. We intend to change not just visual effects in India but to form a company that alters the way large films are produced in India, bringing a creative system in place more reminiscent to Hollywood."

About Eros International plc

Eros International plc is an established global player in the fast-growing Indian media and entertainment arena. London listed Eros operates on a 'studio' model by producing and distributing films globally.

Established in 1977, Eros International has three decades of market leadership in creating a global platform for Indian cinema. The company operates in over 50 countries with worldwide offices in India, UK, USA, Dubai, Australia, Fiji and Isle of Man. It has built a successful business model around the release of 30-40 new films every year as well as exploitation of a film library containing more than 1,300 titles, making it one of the largest content owners in the business. Omkara, Salaam-E-Ishq, Eklavya, Namastey London, Cheeni Kum, Gandhi My Father, Partner, Heyy Babyy are some of the recent global Eros releases to be followed by Om Shanti Om in November.

www.erosplc.com

For further details please contact:  
   
Eros Multimedia Pvt. Ltd. 98204 38754
Ms. Amita Naidu
Email: amita.naidu@erosmultimedia.net  
   
Adfactors PR, Mumbai  
Ms. Mili Lalwani 98334 52362
Mr. Rakesh Sharma 98214 19263
Emails: mili.lalwani@adfactorspr.com / rakesh@adfactorspr.com  
   
Brunswick  
Jonathan Glass +44 (0)20 7404 5959
Anisha Patel +44 (0)20 7404 5959

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