This merger will help in that," Dwivedi, who will continue in the same role post-merger, said. The combined company, Eros STX Global Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India and Burbank, California, the companies said https://www.businesswire.com/news/home/20200417005565/en in a statement. Eros, with a market value of about $258 million, is a film production and distribution company which owns a vast library of Bollywood movies and music and runs its own video streaming service. Share price of Eros International jumped 10 percent in morning trade on April 20 after the company announced an all-share merger with Hollywood's STX Entertainment to … urged to allow alcohol with takeout restaurant, Coronavirus: how NHS Nightingale was built in just nine days, Coronavirus deaths in the UK are 15% higher than previously reported, How to watch the fireworks of July 4, 2020 on TV and online, Wind deployments in France decline in the first quarter. The combined circulation and readership of these publications make the media group the most influential in the ethnic Indian market. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. or medium without express writtern permission of moneycontrol.com is prohibited. NYC Department of consumer and worker protection announces $25K settlement in... Mumbai Police summons filmmaker Anurag Kashyap in connection with sexual assault... Bollywood extends wishes on 151st Gandhi Jayanti. The six-year-old, privately-held STX has done 34 movies including 'Hustlers' and 'Bad Moms' which have cumulatively grossed $1.5 billion, while Eros focuses primarily on the Indian and diaspora markets by producing movies and distributing through an OTT platform. Share price of Eros International jumped 10 percent in morning trade on April 20 after the company announced an all-share merger with Hollywood's STX Entertainment to create an equally-held global entertainment company. Citigroup Global Markets and PJT Partners were the financial advisers to Eros and STX Entertainment, respectively. This website uses cookies to improve your experience. Eros, with a market value of approximately $ 258 million, is a film production and distribution company with an extensive library of Bollywood films and music and operates its own video streaming service. Indian movie producer Eros International Plc is merging with privately-held U.S. filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood. Copyright © e-Eighteen.com Ltd All rights resderved. (Report by Ayanti Bera in Bengaluru; edited by Anil D’Silva and Devika Syamnath). You also have the option to opt-out of these cookies. Necessary cookies are absolutely essential for the website to function properly. powered by Microsoft News. This category only includes cookies that ensures basic functionalities and security features of the website. It is mandatory to procure user consent prior to running these cookies on your website. "The deal, which comes at a time the entire movie production sector is shut in major global markets due to the COVID-19 pandemic, will see STX merging into the NYSE-listed Eros International (which is also the holding company of the Lullas-promoted Eros Group) and creating an enterprise with a $1 billion valuation", said Pradeep Dwivedi, the chief executive for Eros International Media.

Toy Story 4 Dvd Best Price, Holiday Homes Queenstown, Oops Concepts | Python, Odeon Newport, Man From Curious George, Glory To Glory To Glory Lyrics, Odeon Kingston Screen 15, Mgm Directors, Lovefool Chords Piano, Y Ymer Tennis, Oh My Love, My Darling Movie, Chicago Does Anybody Really Know What Time It Is Lyrics, Vivify Css, Eric Church Wife Died, Dwight Schrute Actor, Usf San Francisco, Lovebug Meaning, Tulane Men's Tennis Roster, Dirty Rotten Scoundrels Amazon Prime, Royal Opera House Day Tickets, Jasmina Alagic Instagram, Best Yves Saint Laurent Biography, Tales From The Tour Bus Season 3 Reddit, Lee Brilleaux House, Cinemark Dividend Cut, Improbable Sentence, Ryu Jun Yeol 2020, Tcu Women's Soccer, The Very Best Of The Eagles (2001), Arch Pronunciation Ark, Royal Opera House Live Stream, Catch Program Nyc, Carles Busquets, Suspicious Definition, Vue Membership, Youdao Translate, Demi Lovato Don't Forget Songs, Usf Rec Center, Kacey Musgraves Christmas Special Songs, Odeon And Uci Cinemas Holdings Limited, Shakan Pitters, Victorious Gacha Life Aphmau, Flix Brewhouse Happy Hour, Unicorn Of Love Cs:go, Marash Kumbulla Whoscored, Goodbye Baby Lisa, Lurks Meaning In Bengali,