Deadline has brought word that the movie studio STX Entertainment and India’s Eros International have signed a deal to merge into a new, publicly traded media company with projects across film, TV, streaming and other entertainment areas.
After the transaction closes, expected by the end of June, the combined company will be called Eros STX Global Corporation and will trade on the NYSE, where Eros is traded today.
Together with Eros, we will realize our ambition to be a global powerhouse in entertainment, digital media and OTT.
Eros is simply the most important film company in India.