STX Entertainment is merging Eros International, India’s biggest film studio, to create a new entity named Eros STX Global Corporation. The revamped capital structure includes $125 million of…
, India’s biggest film studio, to create a new entity named Eros STX Global Corporation.
The merged entity will have an increased financial scale with more than $600 million in pro forma revenue for calendar 2019 and over $300 million of aggregated future revenue from STX Entertainment films already released last year. The new management team will be led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Corporate Strategy.
Streamer Eros Now, currently being offered free as a coronavirus pandemic gesture to a lockdown audience, has 188 registered users worldwide, with 26 million of them being paid subscribers. It has more than 12,000 titles, the largest collection of Indian content in the world.
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