Eros International, Hollywood’s STX Entertainment to merge, create global content firm

MUMBAI: In a first of its kind deal, Indian movie producer and distributor Eros International on Saturday announced an all-share merger with Hollywood’s STX Entertainment to create an equally-held global entertainment company.

The six year old, privately-held STX has done 34 movies including ‘Hustlers’ and ‘Bad Moms’ which have cumulatively grossed USD 1.5 billion, while Eros focuses primarily on the Indian and diaspora markets by producing movies and distributing through an OTT platform .

In the past, a lot of Indian actors have gone to Hollywood and Indian businesses like Anil Ambani’s Reliance Entertainment have taken equity stakes in Hollywood companies.