Eros STX Global Corporation Names Drew Borst Executive Vice President Investor Relations and Business Development
September 02 2020 - 4:00PM
Business Wire
Eros STX Global Corporation, (“Eros STX” or “the Company”)
(NYSE:EROS) has named respected veteran media analyst Drew Borst as
Executive Vice President Investor Relations and Business
Development. The announcement was made today by company Chief
Financial Officer, Andy Warren, to whom Borst will report. He began
his new job on September 1st.
One of the most reputable and sought after voices in the
financial community following technology, media, and
telecommunications, Borst comes to ErosSTX from Goldman Sachs,
where he served for the past decade as Vice President and Lead
Analyst of the Media and Entertainment sector. Borst's stock
recommendations in aggregate exceeded the sector return for three
consecutive years, including by 4% in 2019, and 8% cumulatively in
the trailing 36-months ending 12/31/19. He led a research team at
Goldman Sachs that produced equity research on a variety of media
and entertainment companies, such as Disney, ViacomCBS, Discovery,
Live Nation, Liberty Formula One, Interpublic, OUTFRONT Media,
Cinemark and many others.
In his new role, Borst will bring his extensive base of
relationships and understanding of the global media industry to
further ErosSTX's growth objectives around the world. He will be
responsible for nurturing, educating, informing, and expanding the
company’s relationships with sell-side and buy-side investment
analysts, industry analysts, and investors worldwide. He will
create IR programs that create awareness about the company and its
content creation activities for every screen, platform, and device
around the world. Borst will continue to be based in New York
City.
“As we continue to grow our company and deliver results for our
shareholders, Drew’s unique grasp, understanding, and appreciation
for the inner workings of global media brands will make his counsel
indispensable,” said Warren. “He has been chased by major media
companies for years for good reason: everything that has made Drew
the top Media analyst in the business will work to our benefit as
we deploy our strategic goals and align with partners to help
realize them. We believe his voice, counsel and authoritative
perspective on our business will be tremendously valuable to our
shareholders and the investment community and we’re elated to have
him as part of the ErosSTX senior leadership team.”
“I’ve long been an admirer of STX and their leadership team, and
now, with their merger with Eros complete, I believe the company is
well-positioned to fulfill their ambition to be a true global media
powerhouse and a major content creation and OTT distribution
company,” said Borst. “It’s a thrill to become an advocate and deal
maker for an entertainment industry disruptor and to lead their
global Investor Relations team.”
Prior to joining Goldman Sachs, Borst worked for 11 years at
Bernstein Research as an analyst in the US and European Media
sectors. During his time with the company, he covered a myriad of
the best-known cable, satellite, music, broadcast, publishing, and
advertising companies. He began his career at J.P. Morgan and is a
graduate of Bucknell University.
About Eros STX
Eros STX Global Corporation, (“Eros STX” or “The Company”)
(NYSE:EROS) 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 July 2020 merger of STX Entertainment, which integrated
as a wholly owned subsidiary, merging two international media and
entertainment groups. The combination of one of the largest Indian
OTT players and premiere studio with one of Hollywood’s
fastest-growing independent media companies has created an
entertainment powerhouse with a presence in over 150 countries.
Eros STX 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 Erosplc.com
or STXentertainment.com until the company launches its new
ErosSTX.com site and logo in September 2020.
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Steve Elzer Elzer & Associates steve@elzerassociates.com
213-392-4660
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