Eros International Plc, UK, on August 13 announced the appointment of AP Parigi as Group CEO for its India operations. Parigi had recently stepped down as ENIL’s (Radio Mirchi) Managing Director and is scheduled to complete his tenure by September 30, 2009. Parigi had joined the Times of India Group in 2000 and had lead managed the Times Group’s foray into radio, OOH media and event management.
Welcoming Parigi to Eros, Kishore Lulla, Chairman and CEO, said, “I am delighted to welcome Parigi to the leadership team at Eros. We at the Eros Group are keen to further strengthen our leadership. The entertainment industry in India is in the middle of radical changes. To compete successfully in the future, Eros wishes to draw upon Parigi’s managerial expertise to meet the challenges of ever changing audience needs and new technologies. I believe that a balance of these two factors will facilitate intensive engagement of the Eros brand with audiences.”
Parigi has confirmed his movement to exchange4media. He said “India is an entertainment starved economy. Having spent several years in the telecommunication and media domain, I’m keen to explore the challenges of developing global delivery platforms that meet the ever changing needs of the audiences.”
Parigi has held a number of key positions, including that of CEO of BPL Mobile Communications (a joint venture with France Telecom) Mumbai. He is a member of the Board of Directors of Bennett Coleman and Company Ltd and the Times of India Group. He is credited for having lead managed the acquisition of the UK Radio Business – the first overseas acquisition by any Indian media group.
More recently, he was awarded the 2009 Rensselaer Entrepreneur of the Year Award by the Severino Centre of the Lally School of Management, New York. Parigi is the first non-American to receive the award.
Eros International PLC is a global player in the rapidly expanding Indian media and entertainment arena. Eros not only produces and commissions film projects similar to how Hollywood studios operate, but also distributes and exploits films across all formats globally, including cinemas, home entertainment, television syndication and digital new media.
Established in 1977, Eros has over three decades of market leadership in creating a global platform for Indian cinema. The company’s distribution network spans across 50 countries, with offices in India, the UK, the US, Dubai, Australia, Fiji, Isle of Man and Singapore.
Eros was the first Indian entertainment company to list on the AIM’s London Stock Exchange in 2006. Their recent releases include ‘Kambakht Ishq’ and ‘Love Aaj Kal’.