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We currently own or license rights to films comprising over 1,500 titles. Our film library has been built up over more than 30 years and includes hits from across that time period, including Yaadon Ki Baraat, Devdas, Hum Dil De Chuke Sanam, Lage Raho Munna Bhai and Om Shanti Om. A significant portion of our film library is licensed from third parties, including on fixed term contracts that are subject to expiration or early termination.
We treat our new releases as part of our film library one year from the date of their initial theatrical release. We believe our extensive film library provides us with unique opportunities for content exploitation, such as our dedicated Eros content channel carried by various cable companies outside India. Our extensive film library provides us with a reliable source of recurring cash flow after the theatrical release period for a film has ended. In addition, because our film library is large and diversified, we believe that we can more effectively leverage our library in many circumstances by licensing not just single films but multiple films.
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