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STX Set to Merge with India’s Eros International – Variety

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Indian studio Eros Worldwide is merging with Hollywood participant STX International to create a brand new entity named Eros STX International Company.

The revamped capital construction contains $125 million of incremental fairness from new and present STX Leisure fairness traders, together with TPG, Hony Capital and Liberty International and a sturdy stability sheet that features a $350 million JP Morgan-led credit score facility.

The brand new administration staff will likely be led by Kishore Lulla as Govt Co-Chairman, Robert Simonds as Co-Chairman & Chief Govt Officer, Andrew Warren as Chief Monetary Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Company Technique.

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