Eros International and STX Entertainment to Combine, Creating a Global Entertainment Content, Digital Media & OTT Powerhouse
EROS INTL PLC (EROS)
Last eros intl plc earnings: 11/15 07:45 am
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Company Research
Source: Business Wire
Combined Company will Remain a Publicly Traded Enterprise, Uniquely Positioned to Benefit from the Accelerating Consumption of Premium Digital Content in the World’s Most Important Growth Markets with a Robust Capital Structure and Experienced Management TeamCombines leading Indian film studio and OTT platform with one of Hollywood’s fastest-growing independent media companies; to be named Eros STX Global Corporation and will trade publicly on the NYSECreates a pre-eminent global media company with unique resources and capability to develop, produce and distribute Bollywood and Hollywood premium content at scale and across platforms, leveraging unique strategic and distribution partnerships globally including Apple, Amazon, Microsoft, NBCUniversal and Google/YouTubeRevamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including TPG, Hony Capital and Liberty Global; superior liquidity and a robust balance sheet
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