ErosSTX

ErosSTX Global Corporation[5] is an Indian 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, India.[6]

ErosSTX Global Corporation
TypePublic limited company
NYSE: ESGC (Class A)
Russell 2000 Component
IndustryMedia and entertainment
PredecessorSTX Entertainment
Eros International plc
Founded2020
HeadquartersBurbank, California, USA
Mumbai, India
Area served
Worldwide
Key people
  • Robert Simonds (Executive chairman and CEO)
  • Kishore Lulla (Executive chairman)
  • Rishika Lulla Singh (co-president)
  • Noah Fogelson (co-president)
  • Andrew Warren (chief financial officer)
ProductsMotion pictures
Television
Digital
ServicesMotion 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)
DivisionsSTX Films
STX Television
STX Alternative
ErosSTX International
Eros Motion Pictures
Eros Now
Websiteerosstx.com

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

Eros International was founded by Arjan Lulla and Koshore 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 26.2 million paid subscribers and the largest library of Indian content in the world.[9] 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.[10]

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.[9]

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.[11]

Management

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. Prem Parameswaran is head of corporate strategy.[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
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.
Trinity Pictures United States 2020 American film distribution company.

References
  1. "Eros International Plc Reports Fourth Quarter and Fiscal Year End 2019". Businesswire.com. Retrieved 11 December 2020.
  2. "Eros International Plc Reports Strong Revenue and Profit Growth in FY 2018".
  3. "How strong is Eros International Number of Employees?". Macroaxis.
  4. "Eros STX Global Corp - Company Profile and News". Bloomberg.com. Retrieved 2020-10-17.
  5. "Eros International Plc Announces Corporate Name Change to ErosSTX Global Corporation". www.businesswire.com. 2020-09-11. Retrieved 2020-09-23.
  6. "STX Entertainment and Indian Studio Eros International Complete Merger". Variety. Retrieved 11 December 2020.
  7. 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.
  8. Hayes, Dade (2020-04-17). "STX Merges With India's Eros International, Forming New Public Media Company". Deadline. Retrieved 2020-04-18.
  9. "Eros India CEO Explains STX Merger Logic: "The Bigger Story Is on the OTT Side"". The Hollywood Reporter. Retrieved 11 December 2020.
  10. "Eros International Plc". London Stock Exchange. 18 September 2013. Retrieved 28 April 2015.
  11. "STX-Eros Merger Closes, Creating Global Content and Streaming Player". The Hollywood Reporter. Retrieved 11 December 2020.
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