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.
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