ErosSTX
 | |
| Formerly | Eros International plc |
|---|---|
| Type | Public limited company |
| NYSE: ESGC (Class A) Russell 2000 Component | |
| Industry | Media and entertainment |
| Predecessor | STX Entertainment Eros International plc |
| Founded | 2020 |
| Headquarters | Burbank, California, USA Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people |
|
| Products | Motion pictures Television Digital |
| Services | Motion picture production and distribution Television production and distribution |
| Revenue |  US$ 270.1 million[1] (FY 2019) |
| US$ 63.9 million[2] (FY 2018) | |
| US$ 126.5 million[2] (FY 2018) | |
| Total assets | US$ 1.09 billion[1] (FY 2019) |
| Total equity | US$ 661.7 million[1] (FY 2019) |
Number of employees | 340[3][4] (2020) |
| Divisions | STX Films STX Television STX Alternative ErosSTX International Eros Motion Pictures Eros Now |
| Website | erosstx |
ErosSTX Global Corporation[5] is an Indian-American multinational media company that acquires, produces, and distributes films, television shows, and digital content. It is a merger of the Indian film and entertainment studio Eros International plc, and the American mini-major film studio STX Entertainment. The company is domiciled in the Isle of Man, and its main offices are in Burbank, California and Mumbai, Maharashtra, India.[6]
The company is led by co-chairmen Kishore Lulla (son of Eros founder Arjan Lulla) and Robert Simonds, STX chairman and CEO.[7][8]
History[edit]
Eros International plc was founded by Arjan Lulla and Kishore Lulla in 1977 as an Indian film and television production and distribution company.[7] The company launched its ErosNow OTT service in 2012, which by 2020 had 36.2 million paid subscribers[9] and the largest library of Indian content in the world.[10] Eros International plc became the first Indian media company to list on the Alternative Investment Market (AIM) of the London Stock Exchange. Subsequently, the company delisted from AIM in November 2013 to list on the New York Stock Exchange.[11]
STX Entertainment was founded by Robert Simonds and Bill McGlashan in 2014 as an American mini-major film, television, and digital media studio. By April 2020, STX had released 34 films, which earned over $1.5 billion in global box office, with hits including Bad Moms, Hustlers, and The Upside.[10]
After first being announced in April 2020, the merger of Eros International and STX Entertainment was completed on July 30, 2020, with the company now called ErosSTX Global Corporation.[6] The merged company is publicly traded on the New York Stock Exchange, with the combined firm listed as ESGC.[12]
Management[edit]
Robert Simonds serves as ErosSTX's co-chairman and CEO, Kishore Lulla is executive co-chairman, and Rishika Lulla Singh and Noah Fogelson are co-presidents. Andrew Warren serves as chief financial officer.[6]
ErosSTX's board of directors is composed of Robert Simonds, Kishore Lulla, Rishika Singh, Shailesh Rao, Dhirendra Swarup, Nick Stone, Dilip Thakkar, and John Zhao.[6]
Divisions[edit]
| Division name | Country | Founded | Description |
|---|---|---|---|
| Eros Motion Pictures | India | 1977 | Indian film production and distribution company. |
| Eros Now | India | 2012 | Indian subscription-based over-the-top, video on demand entertainment and media platform. |
| STX Films | United States | 2014 | American film production, distribution and marketing company. |
| STX Television | United States | 2014 | American television production studio. |
| STX Alternative | United States | 2015 | American development and production company for digital, non-scripted, and hybrid programming, including streaming and short-form platforms. |
| ErosSTX International | India | 2016 | International film distribution and financial company focusing on Hollywood and Bollywood productions, with direct distribution in India, the UK, Ireland and the Middle East. |
References[edit]
- ^ a b c "Eros International Plc Reports Fourth Quarter and Fiscal Year End 2019". Businesswire.com. Retrieved 11 December 2020.
- ^ a b "Eros International Plc Reports Strong Revenue and Profit Growth in FY 2018".
- ^ "How strong is Eros International Number of Employees?". Macroaxis.
- ^ "Eros STX Global Corp - Company Profile and News". Bloomberg.com. Retrieved 2020-10-17.
- ^ "Eros International Plc Announces Corporate Name Change to ErosSTX Global Corporation". www.businesswire.com. 2020-09-11. Retrieved 2020-09-23.
- ^ a b c d "STX Entertainment and Indian Studio Eros International Complete Merger". Variety. Retrieved 11 December 2020.
- ^ a b Hayes, Dade (2020-07-30). "Eros And STX Close Merger, Plan New York Stock Exchange Debut In September, Eye $1B In Revenue By 2022". Deadline. Retrieved 2020-07-30.
- ^ Hayes, Dade (2020-04-17). "STX Merges With India's Eros International, Forming New Public Media Company". Deadline. Retrieved 2020-04-18.
- ^ https://www.businesswire.com/news/home/20201118005177/en/
- ^ a b "Eros India CEO Explains STX Merger Logic: "The Bigger Story Is on the OTT Side"". The Hollywood Reporter. Retrieved 11 December 2020.
- ^ "Eros International Plc". London Stock Exchange. 18 September 2013. Retrieved 28 April 2015.
- ^ "STX-Eros Merger Closes, Creating Global Content and Streaming Player". The Hollywood Reporter. Retrieved 11 December 2020.
External links[edit]
- Companies formed by merger
- Companies listed on the New York Stock Exchange
- American companies established in 2020
- Indian companies established in 2020
- Mass media companies established in 2020
- Entertainment companies established in 2020
- Film distributors of India
- Film distributors of the United States
- Entertainment companies based in California
- Entertainment companies of India
- American brands
- Indian brands
- American film studios
- Indian film studios
- 2020 establishments in Maharashtra
- STX Entertainment