esgc - ESGC STOCK NEWS

Eros STX Global Corporation (NYSE: ESGC) announced its annual shareholder meeting scheduled for December 21, 2020, at 2:00 p.m. GMT, accessible virtually. The company released the annual notice, proxy form, and financial reports for the year ended March 31, 2020. Following a merger with STX Entertainment, ErosSTX operates as a global entertainment entity, distributing premium films and digital content, with a growing OTT platform, Eros Now, boasting 211.5 million registered users and 36.2 million paying subscribers.

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.

Colin Firth will star in the upcoming action comedy New York Will Eat You Alive, co-produced by STXfilms and Tencent Pictures. Directed by Todd Strauss-Schulson, the film is based on characters from Tencent's popular digital comic Zombie Brothers, which has amassed over 28 billion views since 2011. The film will be distributed by STXfilms in the US and UK, while Tencent handles distribution in China. With a notable production team including Channing Tatum, the film aims to blend humor with the unique source material, promising an engaging experience for audiences.

Eros STX Global Corporation (NYSE: ESGC) announced that Grammy-winning artist Offset will star in the upcoming film American Sole, along with Pete Davidson, O'Shea Jackson Jr., and Camila Mendes. Offset will also curate and executive produce the film's soundtrack, marking his first solo role in a major motion picture. The film, directed by Ian Edelman, revolves around two young men leveraging sneaker reselling to alleviate their college debt but facing challenges from shady investors. This collaboration reflects STXfilms' strategy to integrate music and film.

Eros STX Global Corporation (NYSE: ESGC) is prioritizing six strategic initiatives to enhance shareholder value, including improving cash flow, restructuring corporate operations, and maximizing the Eros Now streaming platform. The company aims to boost total revenue, net income, and EBITDA while forming strategic partnerships and improving investor communications. Recently, ESGC filed a transition 20-F report discussing the legacy business of STX Entertainment and included historical financial statements compliant with US GAAP in a form 6-K with the SEC.

Eros STX Global Corporation (NYSE: ESGC) has announced important updates for shareholders, filing a transition 20-F report detailing legacy STX Entertainment’s financials and a form 6-K clarifying the financial guidance post-merger. The company is shifting its reporting format, opting for biannual financial results while providing trading updates in the first and third fiscal quarters. Key fiscal 2021 reporting dates include interim results in January 2021 and a trading update in March 2021. This new approach aims to align with the company's long-term management strategy.

Eros STX Global Corporation (NYSE: ESGC) has announced that pop music star Bebe Rexha will make her acting debut in the upcoming comedy Queenpins. Directed by Aron Gaudet and Gita Pullapilly, the film follows a suburban housewife who begins an illegal coupon scheme. The cast includes Kristen Bell, Kirby Howell-Baptiste, Vince Vaughn, and Paul Walter Hauser. STX aims to replicate success from previous female-led films. The film will be distributed by STX in the US, UK, and Ireland, highlighting the company's focus on star-driven content across global markets.

Eros STX Global Corporation (NYSE: ESGC) announced that Selena Gomez will develop the horror thriller Dollhouse through her July Moon Productions. The project, reminiscent of Black Swan, is in the early stages with producers seeking a director. Adam Fogelson, chairman of STXfilms, expressed excitement about Gomez's involvement, citing her talent as both a star and producer. The film's screenplay explores New York City's fashion scene and aims to leverage the expertise of Gomez, Shawn Levy, and Dan Cohen for its success.

Eros STX Global Corporation (NYSE: ESGC) announced that STXtv has sold the first season of the docu-drama series Rise of Empires: Ottoman to Youku, SIC, and Viasat World, expanding its reach into China, Portugal, and Eastern Europe. This six-hour series chronicles Mehmed II's rise to power and was produced by Karga Seven Pictures. The program previously debuted on Netflix in 190 countries on January 24, 2020. The strategic deals enhance ErosSTX's global distribution and highlight the company's commitment to culturally rich storytelling.