When STX Entertainment unveiled ambitious plans in 2018 to make an initial public offering Hong Kong — which, ultimately, didn't come to fruition — the company expected to raise $500 million at a target valuation of $3.5 billion
, among others. A launch date and price details for Eros Prime have yet to be revealed.
STX has never made a film with any Indian creative involvement or story lines. What exactly are the upsides to this merger, given that the two companies make very different kinds of content, for very different core audiences? Eros is listed on the NYSE and is valued at close to $400 million at this point in time. We are doing a merger of equals.
I would hold back on the revenue estimate for now, but the current slate we have — for instance our library of 12,000 titles — if we take a subset of that and use STX's tieups in the U.S. with the likes of Showtime, and additionally, in over 150 countries where STX has set up a brilliant distribution network, we will have access to these markets for Bollywood content.
Not immediately but in a phased manner. The cost of production, post-production and VFX is more cost effective in India, so for scripted series and TV entertainment we can bring in better cost efficiency [for U.S. productions]. What we are expecting from STX is a better sense of technology and skills in terms of animation or creating a thematic multi-generational concept. One of the biggest successes for Disney is the Marvel universe. There is nothing like that from India.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Endemol Shine India Acquires Rights To ‘Lioness: The Last Queen’ By Chitra Banerjee DivakaruniEndemol Shine India has acquired the rights to Chitra Banerjee Divakaruni’s unreleased book Lioness: The Last Queen. Indian author Divakaruni’s previous books include The Mistress Of Spices, …
Read more »
Lockdown reveals fresh air, cleaner rivers in IndiaIndia’s extended lockdown to curb the outbreak has shut down schools, workplaces, industries, transport, and forced people to stay home. It also led to an unexpected bonus in the country with six out of 10 of the world’s most polluted cities: cleaner air.
Read more »
Facebook Invests $5.7 Billion In India, Buying Stake In Reliance Industries’ Digital Division Jio PlatformsFacebook Tuesday announced a $5.7 billion investment in Jio Platforms Limited, part of Reliance Industries, making the social media giant its largest minority shareholder. In a blog post FB said t…
Read more »
Facebook takes $5.7B stake in India digital platformsThe deal will give the US social media giant a 10-percent stake in Jio Platforms, part of Ambani's Reliance Industries empire.
Read more »
Facebook invests $5.7 billion in Jio Platforms, marking a big push into IndiaFacebook's investment in Jio Platforms could be key to giving it access to the company's more than 380 million user base as well as the political backing of billionaire Mukesh Ambani, who is chairman of parent company Reliance Industries.
Read more »