• Welcome to DreamDTH Forums
    An online community for the television enthusiasts!
    Log in or Register

Eros International and STX Entertainment merged forming Eros STX Global Corporation

Saichaitanya4496

News Columnist
Joined
11 Nov 2019
Messages
939
Reaction score
2,268
STX Entertainment, founded in 2014 as a star-driven movie operation, is merging with India’s Eros International to form a new, publicly traded media company with operations across film, TV, streaming and other areas.

The all-stock deal will give the new entity, Eros STX Global Corporation, a “revamped” capital structure, according to the official announcement. Key elements of that funding include $125 million of incremental equity from new and existing STX Entertainment equity investors TPG, Hony Capital and Liberty Global and a $350 million JP Morgan-led credit facility. On a pro forma basis, revenue for Eros STX in 2019 is $600 million.

STX Merges With India’s Eros International, Forming New Public Media Company
 
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock