ErosSTX
 | |
Company type | Public |
|---|---|
| Traded as | NYSE: EROS (Class A) Russell 2000 Component |
| Industry | Media and entertainment |
| Predecessor | Eros International plc STX Entertainment RTL Group |
| Founded | July 30, 2020 |
| Founder | Robert Simonds Bill McGlashan |
| Headquarters | , United States |
Area served | Worldwide |
Key people |
|
| Services | |
| Revenue |  US$ 261 million (FY 2018) |
| US$ 63.9 million (FY 2018) | |
| US$ 126.5 million (FY 2018) | |
| Total assets | US$ 1.41 billion (FY 2018) |
| Total equity | US$ 865.6 million (FY 2018) |
| Owners | Bertelsmann (62%) Tencent (20.5%) |
Number of employees | 423 |
| Subsidiaries | STX Films Eros Motion Pictures Fremantle ErosSTX International ErosSTX Media Networks ErosSTX Interactive |
| Website | erosstx |
ErosSTX Global Corporation is a multinational entertainment and media company that creates, produces, distributes, finances and markets film, television and digital media, which includes live events and virtual reality.
The company was founded in 2014 as STX Entertainment and adopted its current name upon merging with Indian film and entertainment studio Eros International in 2020. The company is domiciled in the Isle of Man, and its main offices are located in Burbank, California and Mumbai, India. Since acquiring RTL Group in 2021, ErosSTX operates 68 television channels and 31 radio stations in Germany, France and other European countries. It also offers national streaming platforms, content productions and a range of digital services. Important segments of ErosSTX include the US-based STX Films and Indian-based Eros Motion Pictures film studios, the UK-based television studio Fremantle, broadcasting companies - Mediengruppe RTL Deutschland, Groupe M6, RTL Nederland, among others, and Sweden-based video game publisher ErosSTX Interactive.
The company is led by co-chairmen Kishore Lulla — the son of Eros founder Arjan Lulla, and Robert Simonds — STX chairman and CEO.
History[edit]
Background[edit]
Eros International was founded by Arjan Lulla and Koshore Lulla in 1977 as an Indian film and television production and distribution company. The company launched its ErosNow OTT service in 2012, which by 2020 had 26.2 million paid subscribers and the largest library of Indian content in the world. 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.
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, and The Upside.
As ErosSTX[edit]
On April 16, 2020, STX announced that it would merge with the Indian film and television studio Eros International plc as Eros STX, in a transaction scheduled to be completed by June. Simonds stated that the merger would create "the first independent media company with the expertise and creative cultures of Hollywood and Bollywood, while also leveraging the important inroads both companies have made into the Chinese market." The combined company will be publicly-traded, inheriting Eros' listing on the New York Stock Exchange. The merger was closed on July 30, 2020, with plans to officially launch the Eros STX branding and listing in September.
Management[edit]
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. Prem Parameswaran is head of corporate strategy.
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.
Subsidiaries[edit]
| Division name | Country | Founded | Description |
|---|---|---|---|
| Eros Motion Pictures | India | 1977 | Indian film production and distribution company. |
| STX Films | United States | 2014 | American film production, distribution and marketing company. |
| Fremantle | United Kingdom | 2001 | British-based international television production and distribution company. |
| Mediengruppe RTL Deutschland | Germany | 2007 | German broadcasting company, which owns and operates ErosSTX's television channels in Germany. |
| RTL Nederland | Netherlands | 1996 | Dutch broadcasting company, which owns and operates ErosSTX's television channels in the Netherlands. |
| M6 Group | France | 1987 | French broadcasting company which operates a number of general entertainment channels in France. ErosSTX owns a 48.26% stake in M6. |
| RTL Belgium | Belgium | 2005 | Belgian broadcasting company, which owns and operates ErosSTX's television channels in the Belgium. |
| Eros Now | India | 2012 | Indian subscription-based over-the-top, video on demand entertainment and media platform. |
| ErosSTX International | India/United States | 2016 | International film distribution, sales and financial company focusing on Hollywood and Bollywood productions, with direct distribution in India, the UK, Ireland and the Middle East. |
