Eros STX Global Corporation is a global entertainment company that acquires, co-produces, distributes digital content & music, films across multiple formats such as Television, OTT, and theatrical digital media streaming to the consumer world. In 2014, STX Entertainment was founded, a star-driven movie operation, merging with India's Eros International to form a new, publicly-traded media company with operations across film, TV, streaming, and other areas.
Moreover, according to the official announcement, Eros STX Global Corporation is a "revamped" capital structure. The primary funding elements include $125 million of total equity from existing and new STX Entertainment equity investors HonyCapital, Liberty Global, TPG, and a 350 million dollar JP Morgan-led credit option. On a pro-data basis, revenue for Eros STX in 2019 is 600 million dollars.
Furthermore, Television and film, Eros operate important streaming operations. It has numerous than 188 million viewers of Eros Now, including more than 26 million paid subscribers, with a library of 12,000-plus movies across Hindi and regional languages. The main film library of Eros numbers about 3,000 titles.
The new organization’s management team will incorporates of Kishore
Lulla, Executive Co-Chairman, Robert Simonds, Co-Chairman, CEO, Rishika Lulla
Singh, and Noah Fogelson, Co-Presidents, Prem Parameswaran, head of the corporate
strategy and Andrew Warren, CFO. As a Chairman of STX Motion Pictures Group,
Adam Fogelson will continue to serve, Pradeep Dwivedi will continue to serve as
CEO of India's operations.
Eros has the most extensive library of Indian films with 3,000 titles,
and its OTT platform Eros Now is the
leading SVoD platform for Indian content with 12,000 digital rights. Eros STX
Global Corporation (ESGC) shares are trading at lower than 1.95 dollars, and
the average recommendation for the stock is Moderate Buy. Eros International Plc shares will remain stable in the market. At
least the trend shows the same.
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