India is known to be the most significant contributor to theatrical revenues across the world. Here actors are worshiped like God. In 2020, Eros International PLC and STX Entertainment, the two famous global media companies, joined hand and formed EosSTX, a public company. By merging the renowned Indian film studio and their OTT stages with Hollywood's popular autonomous organization has made a diversion force to be reckoned with.
The organization also has an enhanced financial scale of over $600 million in proforma revenue in 2019. Eros international owners have an excellent vision to deliver star-driven premium content to viewers across platforms globally. ErosSTX is headed by Kishore Lulla and Robert Simonds, the STX CEO and chairman. The organization is located in the Isle of Man, and its main offices are situated in Burbank, California, and Mumbai, India.
ErosSTX's multi-channel distribution network and model will look for every chance to exploit the company's important content library, as well as the famous and future record with over $300 million of highly anticipated aggregated revenue. Moreover, this company to host an investor event in December 2020 or January 2021.
Eros has a partnership with Microsoft Azure so that audiences do not face any issue in understanding the language. They are providing subtitles for every movie, drama, or series they are producing. According to the CEO, Eros Now Prime is essentially a premium English service at phase I. They will telecast some old popular TV shows along with brand new shows. They will put English subtitles in each show.
Eros Now has declared the second season of its most awaited web series 'Modi: CM to PM' a touching and truly inspirational journey of 14th Prime Minister, Narendra Modi, which will stream from November 12, 2020
On October 2, ErosSTX Global Corporation, a global entertainment company, declared that Eros Now, a preeminent digital OTT South Asian entertainment platform controlled by ErosSTX, grabbed two Gold Awards and one Silver Award for marketing and original content at the SCREENXX 2020 Awards. The internationally recognized Eros Now original 'Modi: Journey Of A Common Man,' an inspirational series based on the biography of India's Prime Minister Narendra Damodardas Modi, won two Gold Awards for Best Story for the best story for Web Series and Most Popular Web Series categories. While Metro Park Season 1, a day-to-day comedy, is about a Gujarati family based in provincial New Jersey, won the Silver Award for best use of social media by the band. Eros Now was given these famous awards at a ceremony held virtually on October 1, 2020.
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