esgc - ESGC STOCK NEWS

Eros Now, owned by Eros STX Global Corporation (NYSE: ESGC), has partnered with the 2020 Abu Dhabi T10 Tournament to stream the event live in key international markets, including the USA and Australia. This multi-year agreement allows Eros Now to cater to cricket fans, aiming to boost platform usage and brand presence in cricket-following regions. The tournament will take place from January 28 to February 6, 2021, expanding Eros Now's offerings as it seeks to enhance subscriber engagement and capitalize on the growing online video market, projected to reach $4 billion by 2025 in India.

Eros Now, a leading South Asian streaming service under Eros STX Global Corporation (NYSE: ESGC), has expanded its Eros Now Select platform to 11 new countries via Apple TV channels. Following successful launches in the US, Canada, and India, the service is now available in Australia, New Zealand, Singapore, South Africa, Cambodia, Indonesia, Israel, Malaysia, Philippines, Sri Lanka, and Tajikistan. With a growing global demand for Bollywood and Indian content, this expansion enhances Eros Now's reach among the South Asian diaspora, offering over 12,000 films and 36.2 million paying subscribers.

Eros STX Global Corporation (NYSE: ESGC) submitted a Registration Statement on Form F-3 to the SEC, registering approximately 196.3 million A ordinary shares linked to the merger with STX Filmworks. This includes 171.9 million shares for contingent value rights (CVRs) and 24.4 million shares from a PIPE financing. The SEC has yet to declare the registration effective, which is expected in Q1 2021. Currently, there are about 185.3 million A ordinary shares and 21.7 million B ordinary shares outstanding, a number that will increase after the registration completion.

Eros STX Global Corporation (NYSE: ESGC) has submitted a Form 6-K to the SEC, which includes unaudited pro forma U.S. GAAP financial statements related to the merger of STX Filmworks and Eros International for the year ending June 30, 2020. Ernst & Young LLP has been appointed as the new auditor. The pro forma documents adjust Eros's historical financials for U.S. GAAP standards and highlight the impact of the COVID-19 pandemic. Legacy STX’s financial results for Q2 2020 show a decline in revenue but an increase in operating income and cash flow due to reduced expenses.

Eros Now, owned by Eros STX Global Corporation (NYSE: ESGC), has announced the largest content slate for India's OTT industry in 2021, featuring 46 titles including 33 film premieres and 13 original series. This strategic launch, highlighted by Bollywood stars Ayushmann Khurrana and Kartik Aaryan, is driven by insights from user data to engage global audiences. The initiative aims to meet the rising demand for diverse content across languages, promoting through the #KahaaniHarRangKi campaign. Eros Now also reported a paid subscriber increase to 36.2 million, reinforcing its growth trajectory.

Eros STX Global Corporation (NYSE: ESGC) announced a deal with EPIX to premiere the thriller Horizon Line in 2021. The film will be available for purchase on January 12, 2021, for $14.99 or for rent at $6.99. Chairman Adam Fogelson expressed excitement for the collaboration, citing high demand for quality entertainment. The announcement follows the successful release of Greenland and upcoming releases such as Songbird. Notably, Horizon Line has already turned a profit through pre-sales and television deals despite challenging market conditions.

Eros STX Global Corporation (NYSE:ESGC) announces the casting of global superstar Bad Bunny in its upcoming film American Sole, joining established actors like Pete Davidson and O'Shea Jackson Jr. The film, directed by Ian Edelman, follows two college graduates who turn to sneaker reselling in a bid to escape debt. Bad Bunny's role is pivotal to the storyline. The company, created from the merger of Eros International and STX Entertainment, aims to deliver premium content globally, with over 205 million registered users on its OTT platform Eros Now.

Eros STX Global Corporation (NYSE: ESGC) announced that its OTT platform Eros Now has achieved 36.2 million paid subscribers and 211.5 million registered users as of September 30, 2020, with 6.9 million new paid subscribers added in the last six months. This growth is attributed to technological advancements and a partnership with Microsoft, allowing content delivery in low-connectivity regions. The platform's engagement has doubled compared to pre-lockdown levels, driven by successful original series and festive promotions like 100% cashback offers through Paytm.

Eros STX Global Corporation (NYSE:ESGC) announced the premium video on-demand release of the thriller Songbird on December 11, priced at $19.99 for a 48-hour rental. Produced by Michael Bay, this film is notable for being the first shot in Los Angeles during the pandemic, reflecting the studio's adaptability in challenging times. Following its PVOD run, it will premiere on a major streaming service in 2021. The film showcases a star-studded cast and highlights the resilience of the human spirit amidst global turmoil.