Eros STX Global Corp.
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Eros STX Global Corp. - overview
Established
2014
Location
Burbank, CA-California, US
Primary Industry
Media
About
Eros STX Global Corp. is a global entertainment company that develops, produces, and distributes original content across film and television, targeting both theatrical and digital platforms. Founded in 2014 and headquartered in Burbank, US, Eros STX Global Corp. was formed through a merger of Eros International Plc with STX Productions, LLC in July 2020.
The company has executed 5 deals, with the most recent transaction occurring on December 7, 2021. The CEO is Ronnel Williams and the company has recently undergone a Secondary Buyout, raising USD 173. 00 mn from Najafi Companies and The Forest Road Company, amounting to a total of USD 173. 00 mn raised to date.
Eros STX focuses on providing a diverse range of entertainment products and services, primarily in film and television. They develop, produce, and distribute original content across various genres for theatrical releases and digital platforms. Their offerings include feature films, television series, and potential streaming services, catering to a broad audience. Eros STX serves markets in North America, Europe, and Asia, working with major distributors, streaming services, and consumers seeking engaging content.
In the most recent year, 2020, Eros STX reported a revenue of USD 155. 45 mn, with an EBITDA of USD -433. 87 mn. The company's revenue streams stem from theatrical releases, digital distribution, and licensing agreements, ensuring a robust business model that includes B2B and direct-to-consumer sales.
Eros STX Global Corp. is leveraging its recent funding from the December 2021 deal to enhance its media content solutions and expand its presence in new markets. The acquisition of STX Entertainment will aid in this strategy. The company aims to develop new products, including original content slated for release in upcoming years, and is actively targeting international expansion into additional markets across Europe and Asia to broaden its client base.
The financing will also support the improvement of their production capabilities and enhance distribution channels for better content delivery.
Current Investors
TPG, Hony Capital, PCCW
Primary Industry
Media
Sub Industries
Television & Film, Digital Media
Website
www.erosstx.com
Company Stage
Growth Capital
Total Amount Raised
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Eros STX Global Corp. - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Sep 30, 2019 | Mar 31, 2020 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 235,470,000 | 284,175,000 | 274,428,000 | 252,994,000 | - | - | - |
| % Revenue Growth (YoY) | - | 20.7% | (3.4%) | (7.8%) | - | - | - |
| EBITDA (USD) | 160,844,000 | 197,803,000 | 168,233,000 | 163,659,000 | - | - | - |
| Operating Income (USD) | 59,857,000 | 78,852,000 | 37,645,000 | 25,445,000 | - | - | - |
| Operating Margin | 25.4% | 27.7% | 13.7% | 10.1% | - | - | - |
| % EBITDA Margin | 68.3% | 69.6% | 61.3% | 64.7% | - | - | - |
| NET Income (USD) | 37,144,000 | 49,330,000 | 13,288,000 | 11,455,000 | - | - | - |
| % Net Margin | 15.8% | 17.4% | 4.8% | 4.5% | - | - | - |
Eros STX Global Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Eros STX Global Corp. | - | ||||||||
| Buyout | Announced | STX Entertainment | - | ||||||||
| Add-on | Completed | Black Bear Pictures and Anonymous Content's U.S. distribution rights to The Marsh King's Daughter | - | ||||||||
| Growth | Completed | Eros STX Global Corp. | - | ||||||||
| Add-on | Completed | Lalela Music | - |
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Eros STX Global Corp. - employee data
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