ErosSTX: Difference between revisions

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{{short description|Indian mass media corporation}}
#REDIRECT [[Eros Media World]]
{{Infobox company
 
| name = ErosSTX Global Corporation
{{Redirect category shell|
| logo = ErosSTX.png
{{R from move}}
| logo_size = 200px
| type = [[Public limited company]]
| traded_as = {{NYSE|ESGC}} (Class A)<br>[[Russell 2000 Index|Russell 2000 Component]]
| ISIN =
| ISIN2 =
| industry = Media and entertainment
| genre =
| fate =
| predecessor = [[STX Entertainment]]<br>[[Eros International plc]]
| successor =
| founded = 1979 ([[Eros International plc]])<br>2014 ([[STX Entertainment]])<br>2020 (ErosSTX)
| founder =
| defunct =
| hq_location = [[Burbank, California]], USA <br> [[Mumbai, India]]
| hq_location_city =
| hq_location_country =
| num_locations =
| num_locations_year =
| area_served = Worldwide
| key_people = {{ubl|[[Robert Simonds]] (Executive chairman and CEO)|[[Kishore Lulla]] (Executive chairman) |Rishika Lulla Singh (co-president) |Noah Fogelson (co-president) | Andrew Warren (chief financial officer)}}
| products = [[Film|Motion pictures]]<br>[[Television]]<br>[[Digital media|Digital]]
| brands =
| production =
| production_year =
| services = Motion picture production and distribution<br>Television production and distribution
| revenue = {{profit}} {{USD}} 270.1 million<ref name="businesswire2019">{{cite web |title=Eros International Plc Reports Fourth Quarter and Fiscal Year End 2019 |url=https://www.businesswire.com/news/home/20190715005402/en/Eros-International-Plc-Reports-Fourth-Quarter-and-Fiscal-Year-End-2019-Results |website=Businesswire.com |access-date=11 December 2020}}</ref>
| revenue_year = FY 2019
| operating_income = {{profit}} {{USD}} 63.9 million<ref name="businesswire.com">{{cite web|url=https://www.businesswire.com/news/home/20180627005611/en/Eros-International-Plc-Reports-Strong-Revenue-Profit|title=Eros International Plc Reports Strong Revenue and Profit Growth in FY 2018}}</ref>
| income_year = FY 2018
| net_income = {{profit}} {{USD}} 126.5 million<ref name="businesswire.com"/>
| net_income_year = FY 2018
| aum = <!-- Only for financial-service companies -->
| assets = {{profit}} {{USD}} 1.09 billion<ref name="businesswire2019"/>
| assets_year = FY 2019
| equity = {{profit}} {{USD}} 661.7 million<ref name="businesswire2019"/>
| equity_year = FY 2019
| members =
| members_year =
| num_employees = 340<ref>{{Cite web|url=https://www.macroaxis.com/invest/ratio/EROS--Number-of-Employees|title=How strong is Eros International Number of Employees?|website=Macroaxis}}</ref><ref>{{cite web | title=Eros STX Global Corp - Company Profile and News | website=Bloomberg.com | url=https://www.bloomberg.com/profile/company/ESGC:US | access-date=2020-10-17}}</ref>
| num_employees_year = 2020
| parent =
| divisions = [[STX Entertainment#STX Films|STX Films]] <br> [[STX Entertainment#STX Television|STX Television]] <br> [[STX Entertainment#STX Alternative|STX Alternative]] <br> [[STX Entertainment#ErosSTX International|ErosSTX International]] <br> [[Eros International|Eros Motion Pictures]] <br> [[Eros Now]]
| subsid =
| module =
| ratio =
| rating =
| website = {{URL|erosstx.com}}
| footnotes =
}}
}}
'''ErosSTX Global Corporation'''<ref>{{Cite web|date=2020-09-11|title=Eros International Plc Announces Corporate Name Change to ErosSTX Global Corporation|url=https://www.businesswire.com/news/home/20200911005258/en/Eros-International-Plc-Announces-Corporate-Name-Change-to-Eros-STX-Global-Corporation|access-date=2020-09-23|website=www.businesswire.com|language=en}}</ref> is an Indian-American [[Multinational corporation|multinational]] media company that acquires, produces, and distributes films, television shows, and digital content. It is a merger of the [[Cinema of India|Indian film]] and entertainment studio [[Eros International plc]], and the American [[Major film studios|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]].<ref name="variety20">{{cite web |title=STX Entertainment and Indian Studio Eros International Complete Merger |url=https://variety.com/2020/biz/news/stx-eros-merger-complete-1234720908/ |publisher=Variety |access-date=11 December 2020}}</ref>
The company is led by co-chairmen [[Kishore Lulla]] (son of Eros founder Arjan Lulla) and [[Robert Simonds]], STX chairman and CEO.<ref name="dead">{{Cite web|last=Hayes|first=Dade|date=2020-07-30|title=Eros And STX Close Merger, Plan New York Stock Exchange Debut In September, Eye $1B In Revenue By 2022|url=https://deadline.com/2020/07/eros-stx-close-merger-set-plans-for-september-new-york-stock-exchange-debut-1202999640/|access-date=2020-07-30|website=Deadline|language=en}}</ref><ref>{{Cite web|url=https://deadline.com/2020/04/stx-merges-with-eros-international-1202911403/|title=STX Merges With India's Eros International, Forming New Public Media Company|last=Hayes|first=Dade|date=2020-04-17|website=Deadline|language=en|access-date=2020-04-18}}</ref>
==History==
[[Eros International plc]] was founded by Arjan Lulla and [[Kishore Lulla]] in 1977 as an Indian film and television production and distribution company.<ref name="dead"/> The company launched its ErosNow OTT service in 2012, which by 2020 had 36.2 million paid subscribers<ref>https://www.businesswire.com/news/home/20201118005177/en/</ref> and the largest library of Indian content in the world.<ref name="hr">{{cite web |title=Eros India CEO Explains STX Merger Logic: "The Bigger Story Is on the OTT Side" |url=https://www.hollywoodreporter.com/news/eros-india-ceo-explains-stx-merger-logic-bigger-story-is-ott-side-1290850 |website=The Hollywood Reporter |access-date=11 December 2020}}</ref> 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]].<ref>{{cite web|url=http://m.londonstockexchange.com/exchange/mobile/news/detail/11713113.html|title=Eros International Plc|publisher=London Stock Exchange|date=18 September 2013|access-date=28 April 2015}}</ref>
[[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 (film)|Hustlers]]'', and ''[[The Upside]]''.<ref name="hr"/>
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.<ref name="variety20"/> The merged company is publicly traded on the New York Stock Exchange, with the combined firm listed as ESGC.<ref>{{cite web |title=STX-Eros Merger Closes, Creating Global Content and Streaming Player |url=https://www.hollywoodreporter.com/news/stx-eros-merger-closes-creating-global-content-streaming-player-1300854 |website=The Hollywood Reporter |access-date=11 December 2020}}</ref>
==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.<ref name="variety20"/>
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.<ref name="variety20"/>
==Divisions==
{| class="wikitable sortable"
|-
! Division name
! Country
! Founded
! Description
|-
| [[Eros International|Eros Motion Pictures]]
| India
| 1977
| Indian film production and distribution company.
|-
| [[Eros Now]]
| India
| 2012
| Indian subscription-based [[Over-the-top media service|over-the-top]], [[video on demand]] entertainment and media platform.
|-
| [[STX Entertainment#STX Films|STX Films]]
| United States
| 2014
| American film production, distribution and marketing company.
|-
| [[STX Entertainment#STX Television|STX Television]]
| United States
| 2014
| American television production studio.
|-
| [[STX Entertainment#STX Alternative|STX Alternative]]
| United States
| 2015
| American development and production company for digital, non-scripted, and hybrid programming, including streaming and short-form platforms.
|-
| [[STX Entertainment#ErosSTX International|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.
|-
|}
==References==
{{reflist}}
==External links==
*{{official|https://erosstx.com/}}
{{Film studios}}
{{Authority control}}
[[Category:Companies formed by merger]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:American companies established in 2020]]
[[Category:Indian companies established in 2020]]
[[Category:Mass media companies established in 2020]]
[[Category:Entertainment companies established in 2020]]
[[Category:Film distributors of India]]
[[Category:Film distributors of the United States]]
[[Category:Entertainment companies based in California]]
[[Category:Entertainment companies of India]]
[[Category:American brands]]
[[Category:Indian brands]]
[[Category:American film studios]]
[[Category:Indian film studios]]
[[Category:2020 establishments in Maharashtra]]
[[Category:STX Entertainment]]

Latest revision as of 21:36, 10 June 2022

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