ErosStx is delivering star-driven premium content to audiences across platforms worldwide. Through streaming, television, film production and distribution, and digital content, they are appealing billions of people through story dynamism. ErosSTX International, a division of Eros STX Global Corporation, previously called Eros International PLC, is a full-fledged worldwide film distribution as well as a financing organization liable for the direct appropriation of Hollywood and Bollywood content in various nations, for example, India, the UK, Ireland as well as the Middle East.
The company headquarters is in London. It has formalized a unique network of significant output deals with the key market leaders in twenty-five territories with a reach covering more than 150 countries globally. Taking up the international marketplace's unique opportunities, the company closed an innovative distribution output partnership with Amazon in Italy, France, and the UK.
As a result of the merger between US studio STX and Indian major Eros, which is now known as ErosSTX, it has secured cumulative international deals worth north of $100M during and after the virtual event, making its record sales TIFF. Moreover, the merged Eros and STX revealed a new logo and corporate brand name: ErosSTX Global Corporation.
Furthermore, the companies completed their fusion in July of this current year. In addition to a $125M equity investment, the firm has a renewed $350M credit facility led by JP Morgan. It additionally conveys a net debt of about $254M.
Drew Borst, a veteran media analyst recently at Goldman Sachs, has joined ErosSTX as EVP of business development and investor relation. In his new job, Borst will report to CFO Andy Warren in New York. Eros and STX closed their merger in July, and the consolidated organization plans a listing on the New York Stock Exchange in the not-so-distant future. The organization will have central command in India and LA, reflecting the merged organizations' strengths in spanning film, TV production, streaming, and deal.
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