Eros may sell entertainment content business to Apple for around $1 bn Also includes Amazon, Netflix who've been pushing hard to enter Indian content streaming markets
Indian movie production house Eros Group is in preliminary talks with Apple and other major content distributors to sell its entire content library of films and music, a source familiar with the matter told Reuters on Monday.
The other parties in the fray include Amazon and Netflix, but talks are in very early stages, said the source, who declined to be named as the discussions are private.
India's Economic Times reported the talks earlier in the day. The newspaper, which cited multiple sources familiar with the matter, said the deal could be worth around $1 billion.
Eros Group, whose Eros International Plc is listed in New York, and Netflix were not immediately reachable for comment.