Eros And STX Close Merger, Plan New York Stock Exchange Debut In September, Eye $1B In Revenue By 2022

The combined entity, which blends the film and TV operations of large-scale indie STX with the production and streaming assets of India-based Eros, will trade under the symbol ESXI. Eros STX Global Corp. will be based in the Isle of Man and headquartered in Burbank and Mumbai. The official closing announcement called the new firm a “powerhouse between East and West.

Eros STX benefits from $110 million of incremental equity, with an additional $15 million to be completed within the next 90 days, from new and existing global investors including TPG, Tencent, Hony Capital and Liberty Global. All of these investors come with a strong track record in media and technology investments, and will partner with Eros STX over the long-term to pursue strategic investments in key growth areas including global distribution and OTT content.

The company’s board of directors will be headed by executive co-chairman Kishore Lulla and Simonds, who is co-chairman and CEO.

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