ErosSTX Secures Over $100 million in Sales at Toronto International Film Festival
September 25 2020 - 11:00AM
Business Wire
ErosSTX Global Corporation (NYSE:ESGC) (“Eros STX”), a global
entertainment company, announced today that it has secured over
$100 million in sales on five new films, a record achievement for
the Company. This demonstrates the strength and vitality of the
international film market and the continued demand for strong new
projects. The new film sales are an exceptional result from last
week’s Toronto International Film Festival (“TIFF”), and follow a
hugely successful Cannes Virtual Market in June this year.
ErosSTX has a combined global footprint and reach across five
continents and more than 150 countries as well as a flair for
creating content that entertains hundreds of millions of people
around the world with hits such as Bad Moms, Hustlers, and many
more. This success has enabled the Company to create a vast
distribution network driven by a seasoned and knowledgeable
distribution team.
The Company’s ability to remain nimble and mitigate market
uncertainties allows it to de-risk and monetize the film slate at a
pre-sales stage. The Company’s strategy and executive experience
not only demonstrates confidence in the current markets, but also
indicates that the demand for all formats of high quality movie
experiences remain high.
“We are now closing the books on the best-ever sales we have
seen coming out of TIFF,” said John Friedberg, President of ErosSTX
International. “This is significant for our company and our
industry as it shows the strength of the international marketplace
and the demand for high-quality content. This level of activity,
especially against the backdrop of a global pandemic, confirms the
long-term health of our international partners, our business and
the direction in which we are heading.”
ErosSTX closed pre-sales on the following films at the TIFF:
- Guy Ritchie's Five Eyes, starring Jason Statham
- Copshop, an action-thriller directed by Joe Carnahan, starring
Gerard Butler and Frank Grillo
- Devotion, director JD Dillard’s historical war epic starring
Jonathan Majors and Glen Powell as elite US Navy fighter pilots,
from Black Label Media
- Queenpins, a female-driven comedy that will reunite the studio
with Bad Moms star Kristen Bell, and also starring Kirby
Howell-Baptiste, Vince Vaughn and Paul Walter Hauser
- I Care a Lot, J Blakeson’s original thriller that premiered in
the festival, starring Rosamund Pike, Peter Dinklage, Eiza
Gonzalez, and Dianne Wiest from Black Bear Pictures
The Company anticipates further demand for content across the
globe as ErosSTX continues to benefit from diversified revenue
sources and consumers while we build a powerhouse between East and
West. ErosSTX’s multi-channel distribution model and network will
seek each opportunity to exploit the Company’s valuable content
library, as well as the current and future slate with over $300
million of highly predictable aggregated future revenue.
ErosSTX Global
Corporation:
Eros STX Global Corporation, (“ErosSTX” or “The Company”) (NYSE:
ESGC) is a global entertainment company that acquires, co-produces
and distributes films, digital content & music across multiple
formats such as theatrical, television and OTT digital media
streaming to consumers around the world. Eros International Plc
changed its name to Eros STX Global Corporation pursuant to the
July 2020 merger with STX Entertainment, merging two international
media and entertainment groups. The combination of one of the
largest Indian OTT players and premier studio with one of
Hollywood’s fastest-growing independent media companies has created
an entertainment powerhouse with a presence in over 150 countries.
ErosSTX delivers star-driven premium feature film and episodic
content across a multitude of platforms at the intersection of the
world's most dynamic and fastest-growing global markets, including
US, India, Middle East, Asia and China. The Company also owns the
rapidly growing OTT platform Eros Now which has rights to over
12,000 films across Hindi and regional languages and had 205.8
million registered users and 33.8 million paying subscribers as of
June 30th, 2020. For further information, please visit
ErosSTX.com.
ErosSTX International:
ErosSTX International, a division of Eros STX Global
Corporation, is a full- service international film distribution and
financing company with direct distribution of both Hollywood and
Bollywood content in India, the UK, Ireland and the Middle East.
Headquartered in London, the company has formalized an unrivaled
network of key output deals with the major market leaders in 25
territories with a reach covering over 150 countries around the
world. Embracing the unique opportunities in the international
marketplace, the company recently closed an innovative and dynamic
distribution output partnership with Amazon in the UK, France and
Italy.
ErosSTX International’s successes include distributing both
STXfilms’ productions and third-party acquisitions, working with
filmmakers including Ridley Scott, Guy Ritchie and Michael Mann, as
well as producing partners like Imperative/30West, Thunder Road,
Black Label Media, Miramax, and Scott Free. In addition, ErosSTX
International recently entered into an exclusive, multi-year
international distribution output deal with leading independent
production powerhouse, Black Bear Pictures. The ErosSTX
International film slate includes: global box office hit Hustlers,
the Bad Moms franchise, the upcoming Greenland starring Gerard
Butler, Untitled (previously known as Prisoner 760) starring Jodie
Foster, Tahar Rahim and Benedict Cumberbatch, Five Eyes directed by
Guy Ritchie and starring Jason Statham, Devotion directed by JD
Dillard and starring Glen Powell and Jonathan Majors, and Copshop
directed by Joe Carnahan and starring Gerard Butler. ErosSTX
International also secured select international rights to Spencer,
directed by Pablo Larraín and starring Kristen Stewart.
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Eros STX Global Corporation Drew
Borst EVP, Investor Relations & Business Development Eros STX
Global Corporation drew@erosstx.com
Media Steve Elzer Elzer &
Associates +1 (213) 392-4660 steve@elzerassociates.com
Eros STX Global (NYSE:ESGC)
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