Eros Innovation has completed approximately $150 million in new capital and strategic transactions as it advances toward becoming a global AI-driven media and entertainment company valued at $2 billion. The announcement details a mix of primary investment and major acquisitions that expand the company’s content, technology, and cultural intelligence infrastructure.
The funding round includes a $50 million primary investment led by Plenitude Capital with advisory support from Greenback Capital at the Dubai International Financial Centre. In addition, the company has executed roughly $100 million in creative and technology acquisitions spanning film assets, music libraries, and AI-focused technologies. The expansion is supported by the company’s zero-debt balance sheet, over $1 billion in assets, and positive free cash flow.
The company intends to deploy the new capital across several priority areas, including expanding its compute and AI infrastructure, developing immersive and next-generation content formats, and growing its monetizable intellectual property library. The new funding also supports the scale-up of Eros GenAI, its multimodal foundation model developed with IIT Chennai and trained on 1.5 trillion cultural, cinematic, behavioral, and musical tokens. According to the announcement, Eros GenAI will power creator tools, entertainment applications, live experiences, character generation, and multiple verticals across the Eros ecosystem.
A centerpiece of the strategic expansion is the planned acquisition of Empirical Wax, a London-based immersive entertainment studio known for real-time AI music and mixed reality experiences. The business will be integrated into Eros Xperiences, strengthening capabilities in live avatar concerts, virtual production environments, multisensory installations, and cross-platform AR and VR storytelling.
Eros Innovation also confirmed the acquisition of a $97 million intellectual property portfolio, adding extensive film, music, and multilingual digital assets to its catalogue. The company states that these assets will contribute both to licensing revenue and to the proprietary AI training corpus used for its models, thereby reinforcing its self-contained ecosystem of content, computation, and cultural data.
The company reports that its platform currently spans more than 80 million subscribers, over 12,000 film titles, 100,000 AI-ready characters, and an audience reach exceeding 2 billion global fans. These assets form the basis of the upcoming Eros Universe Super App. This creator economy platform will enable users and partners to co-create and monetize stories, experiences, and characters.
With operational hubs across the Isle of Man, London, Los Angeles, Abu Dhabi, Mumbai, and Chennai, the company continues to position itself at the intersection of artificial intelligence, creative IP, and global entertainment economics. The latest transactions are presented as part of Eros Innovation’s broader plan to scale its AI native content ecosystem while maintaining governance, sustainability, and profitability.
KEY QUOTES:
“With over $1 billion in assets, $150 million in new capital and acquisitions, $35 million in EBITDA last year, and a clear trajectory to exceed $100 million by December 2026, Eros Innovation is scaling with both profitability and discipline. We are building the sovereign creative infrastructure of the future where content, capital, and computation converge to deliver intelligent and ethical entertainment to billions of people.”
Kishore Lulla, Founder and Chairman of Eros Innovation
