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Apple might purchase content library of Indian media company

Published 08/07/2017, 08:43 AM
© Reuters.  Apple might purchase content library of Indian media company
  • Eros Group (NYSE:EROS) could sell its entire content library to Apple (NASDAQ:AAPL), according to Reuters sources.
  • Economic Times’ sources claim the deal could top $1B, but Reuters sources expect a far lower amount.
  • Eros is an Indian movie production company with large libraries of both music and movies.
  • Apple has a relatively weak standing in the Indian market, which favors affordability and hasn’t widely adopted the iPhone.
  • If Apple does acquire Eros, the company would compete with Netflix’s targeted push into the Indian media market.
  • Eros shares are down 1.89%.
  • Now read: Apple: About Those HomePod Firmware Revelations


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