Eros STX Announces Indian Subsidiary Results for the Second Quarter Fiscal Year 2021

Rhea-AI Summary

Eros STX Global Corporation (NYSE: ESGC) announced unaudited financial results for its majority-owned subsidiary, Eros International Media Limited, for the quarter and six months ending September 30, 2020. This release highlights the company's strategic merger, which positions it as a significant player in global entertainment, combining strengths from India and Hollywood. With an OTT platform, Eros Now, boasting 211 million registered users and 36.2 million paying subscribers, Eros STX aims to capitalize on rapidly growing markets across the US, Asia, and beyond.

Positive

• 211 million registered users and 36.2 million paying subscribers for Eros Now.
• Significant market presence in over 150 countries.
• Strategic merger creates a powerful entertainment entity.

Negative

• None.

DOUGLAS, Isle of Man & BURBANK, Calif.--(BUSINESS WIRE)--Eros STX Global Corporation (NYSE:ESGC) (“Eros STX”), a global entertainment company, announced today that Eros International Media Limited (“EIML”), its majority-owned subsidiary, has released unaudited financial results for the quarter and six months ended September 30^th 2020. Please refer to the Bombay Stock Exchange website and/or the National Stock Exchange website to view the results.

Eros STX Global Corporation:

Eros STX Global Corporation, (“ErosSTX”) (NYSE: ESGC) is a global entertainment company that acquires, co-produces and distributes films, digital content & music across multiple formats such as theatrical, television and OTT digital media streaming to consumers around the world. Eros International Plc changed its name to Eros STX Global Corporation pursuant to the July 2020 merger with STX Entertainment, merging two international media and entertainment groups. The combination of one of the largest Indian OTT players and premier studio with one of Hollywood’s fastest-growing independent media companies has created an entertainment powerhouse with a presence in over 150 countries. ErosSTX delivers star-driven premium feature film and episodic content across a multitude of platforms at the intersection of the world's most dynamic and fastest-growing global markets, including US, India, Middle East, Asia and China. The company also owns the rapidly growing OTT platform Eros Now which has rights to over 12,000 films across Hindi and regional languages and had 211 million registered users and 36.2 million paying subscribers as of September 30th, 2020. For further information, please visit ErosSTX.com.