Saturday, April 18, 2020

Bollywood's Eros merges with Hollywood's STX Entertainment

The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. 

The merger will not change the structure of  Eros's Indian arm which is also listed on Indian stock exchanges. 


IMAGE: Kishore Lulla, chairman of Eros International. Photograph: Courtesy, Erospic.com

Bollywood film producer Eros International, which is traded on the NYSE, merged with independent media player STX Entertainment in an all stock-deal, officials with Eros announced, in a first for a Bollywood player. 
California-based STX, which recently made the Matthew McConaughey-starrer The Gentleman, and Hustlers with Jennifer Lopez, recently described itself as a global entertainment company that is strategically positioned to maximise content worldwide with a direct passage into the Chinese market. 


No comments:

Post a Comment