STX Set to Merge with India’s Eros International

, 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.

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reed Morano in talks to direct Jennifer Lopez's Griselda Blanco biopic 'The Godmother''Handmaid's Tale' and 'Meadowland' director Reed Morano is in talks to direct Jennifer Lopez's Griselda Blanco biopic movie 'The Godmother' for STX Films. Studio Exec: 'Guys, we have TOO MUCH money. We need to dump a lot. How?'
Source: EW - 🏆 713. / 51 Read more »