ErosSTX tv commercials
What kind of company is ErosSTX?
About ErosSTX
ErosSTX Global Corporation (NYSE : ESGC) is a global entertainment company that was formed as a result of the merger between Eros International and STX Entertainment in 2020. The company operates in the media and entertainment industry and focuses on producing, marketing, and distributing high-quality content to audiences worldwide.
The company's headquarters are based in Burbank, California, and it is led by Chief Executive Officer Rishika Lulla Singh. ErosSTX also has operations in India, the United Kingdom, Dubai, and Singapore.
Company History
Eros International was founded in 1977 by Arjan Lulla, and it started as a small video library in Mumbai, India. The company gradually grew and expanded into film production, distribution, and acquisition, becoming one of the leading players in Bollywood.
In 2014, STX Entertainment was founded by media mogul Robert Simonds with a vision to create a new model of film and television studio that balances artistic integrity and commercial success. STX Entertainment produced several successful films, including "Hustlers" and "Bad Moms," before merging with Eros International in 2020 to form ErosSTX.
Company Operations
ErosSTX produces, co-produces, and acquires content across all platforms, including films, television, and digital media. The company's content spans across a wide range of genres, including drama, comedy, horror, and action.
ErosSTX has also collaborated with various other studios around the world to produce content in multiple languages. The company has a vast library of titles, including Bollywood classics, Hollywood blockbusters, and international hit films and TV shows.
Recent Developments
In August 2021, ErosSTX Global Corporation announced that it had violated some of its debt covenants and that the company's ability to continue as a going concern could be impacted. The company also disclosed that it could not file its annual report on Form 20-F with the SEC on time due to an ongoing investigation by the audit committee.
In November 2020 , ErosSTX announced that it would be collaborating with Offset, a Grammy-nominated rapper, and Migos member, for the production of the film "American Sole." This collaboration would mark Offset's first time writing and executive producing a film.
Despite recent challenges, ErosSTX remains a significant player in the media and entertainment industry, and its vast content library and global distribution network continue to position the company
