NYSE:ESGC

Glancy Prongay & Murray LLP Announces Pendency of Class Action and Proposed Settlement Involving Purchasers of Eros Shares and/or Common Stock

Retrieved on: 
Monday, August 21, 2023

YOU ARE ALSO NOTIFIED that Lead Plaintiffs in the Action have reached a proposed settlement of the Action for $25,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.

Key Points: 
  • YOU ARE ALSO NOTIFIED that Lead Plaintiffs in the Action have reached a proposed settlement of the Action for $25,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.
  • If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund.
  • If you are a member of the Settlement Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than December 6, 2023.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.

Eros Receives NYSE Extension for Annual Report Filing

Retrieved on: 
Sunday, May 29, 2022

The Company is fully engaged with its incoming independent registered public accounting firm, TR Chadha & Co LLP, Chartered Accountants (TRC).

Key Points: 
  • The Company is fully engaged with its incoming independent registered public accounting firm, TR Chadha & Co LLP, Chartered Accountants (TRC).
  • The approval process took longer than initially anticipated and was concluded successfully on April 29, 2022 when TRC received the formal FSA recognized auditor status.
  • The Company also owns the leading South Asian OTT platform Eros Now, which has rights to over 12,000 films across major Indian languages.
  • There can be no assurance that future developments affecting the Company will be those that it has anticipated.

Eros Media World’s India Subsidiary Announces Equity Fund Raise

Retrieved on: 
Thursday, May 26, 2022

Eros Media World PLC (ErosMedia, Eros" or the Company) (NYSE: ESGC), a global Indian media and entertainment company, announced today that the Board of Directors of Eros International Media Limited (EIML), its majority-owned subsidiary, recently approved EIMLs plans to raise up to an amount in Indian Rupees (INR) equal to approximately $54 million (equivalent of 4,050m INR), of equity capital via a public issuance of Convertible Warrants (the Warrants) in India, subject to EIML shareholder approval and other customary and regulatory approvals.

Key Points: 
  • Eros Media World PLC (ErosMedia, Eros" or the Company) (NYSE: ESGC), a global Indian media and entertainment company, announced today that the Board of Directors of Eros International Media Limited (EIML), its majority-owned subsidiary, recently approved EIMLs plans to raise up to an amount in Indian Rupees (INR) equal to approximately $54 million (equivalent of 4,050m INR), of equity capital via a public issuance of Convertible Warrants (the Warrants) in India, subject to EIML shareholder approval and other customary and regulatory approvals.
  • The existing Ordinary shares of EIML are listed on the Bombay Stock Exchange (the BSE) and the National Stock Exchange of India Limited (the NSE).
  • Apart from the holding company Eros WorldWide FZ LLC, the issue is subscribed by marquee investor funds such Aegis Investment Fund, Aidos India Fund Ltd, Forbes EMF, NAV Capital Emerging Star Fund, Nexpact Limited, Vespera Fund Limited and India Opportunities Growth Fund - Pinewood Strategy.
  • The Warrants issuance will provide incremental liquidity to invest in EIMLs operations, help fund future growth initiatives and improve balance sheet strength for EIML.

Eros Announces Corporate Name Change to Eros Media World PLC

Retrieved on: 
Wednesday, May 25, 2022

Eros STX Global Corporation (Eros" or the Company) (NYSE: ESGC), a global Indian media and entertainment company, today announced that it will formally change its corporate name to Eros Media World PLC on the NYSE and SEC records effective on or about June 6th, 2022.

Key Points: 
  • Eros STX Global Corporation (Eros" or the Company) (NYSE: ESGC), a global Indian media and entertainment company, today announced that it will formally change its corporate name to Eros Media World PLC on the NYSE and SEC records effective on or about June 6th, 2022.
  • This is pursuant to The Isle of Man Companies Registry issuance of a Certificate of Change of Name pursuant to Section14(3) of the Isle of Man Companies Act.
  • In addition, the Company expects to begin trading under the new ticker symbol EMWP on the NYSE effective on or about June 6th, 2022.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220525005502/en/

Eros Media World Releases Business Update

Retrieved on: 
Friday, April 29, 2022

Eros Media World Plc (Eros" or the Company) (NYSE: ESGC), a global Indian entertainment company, today released the following statement from the CEO.

Key Points: 
  • Eros Media World Plc (Eros" or the Company) (NYSE: ESGC), a global Indian entertainment company, today released the following statement from the CEO.
  • We have one of the largest film libraries in the Indian and South Asian media and entertainment sector.
  • The Company will continue to continue to monetize its valuable library along with premium content creation and global distribution through our studio, Eros Motion Pictures, and streaming OTT service, Eros Now.
  • It is this unique asset base that will serve as the springboard for our future business initiatives.

Eros Enters Into a New Era of Global Media and Entertainment

Retrieved on: 
Monday, April 25, 2022

In an environment attracting significant investments and M&A potential, especially following the Sony-Zee merger, Eros Media is one of only a few stand-alone media players at scale.

Key Points: 
  • In an environment attracting significant investments and M&A potential, especially following the Sony-Zee merger, Eros Media is one of only a few stand-alone media players at scale.
  • The opportunities in the Eros Now Music business form an integral part of Eros Medias studio division.
  • Eros strategic partnership with Xfinite for global AVOD monetization allows for Eros Now to efficiently monetise a large and engaged userbase.
  • 1 Eros Investments is an investment company controlled by the Lulla family that invests in nurturing global, pioneering ventures including with Eros Media, XFinite and Mzaalo.

Comcast Launches Eros Now Streaming App on X1 and Flex Devices

Retrieved on: 
Tuesday, April 5, 2022

Comcast launches Eros Now app, a leading over-the-top (OTT) South Asian entertainment platform owned by Eros STX Global Corporation (NYSE: ESGC), on its X1 and Flex platforms.

Key Points: 
  • Comcast launches Eros Now app, a leading over-the-top (OTT) South Asian entertainment platform owned by Eros STX Global Corporation (NYSE: ESGC), on its X1 and Flex platforms.
  • We are excited to bring Xfinity subscribers even more great international entertainment through our partnership with Eros Now.
  • We are excited to offer the most extensive repository of Indian movies and Original series to Comcasts X1 and Flex platforms subscribers.
  • Xfinity customers can subscribe to the Eros Now app via their X1 TV Box or Xfinity Flex streaming TV Box, now available for only $4.99/month, following the steps included HERE .

ErosSTX Receives NYSE Extension for Delayed Annual Report and Regains Compliance with NYSE Minimum Trading Price Requirement

Retrieved on: 
Tuesday, February 22, 2022

The NYSE notified the Company that it will closely monitor the Companys progress with the interim milestones the Company previously submitted to the NYSE.

Key Points: 
  • The NYSE notified the Company that it will closely monitor the Companys progress with the interim milestones the Company previously submitted to the NYSE.
  • Failure to achieve these interim milestones could result in an accelerated trading suspension prior to May 31, 2022.
  • The NYSE separately notified the Company that it regained compliance with the NYSEs minimum trading price requirement.
  • In the event the Company again falls below thresholds, the Company will be subject to immediate review by the NYSE.

Eros Now and Airtel Xstream Premium Announce Unique Partnership for Video Subscribers

Retrieved on: 
Wednesday, February 16, 2022

The symbiotic partnership allows Eros Now to expand its reach further by tapping into Airtel's 300+ million customer base across India.

Key Points: 
  • The symbiotic partnership allows Eros Now to expand its reach further by tapping into Airtel's 300+ million customer base across India.
  • The partnership is in line with Eros Now's strategy to focus on direct-to-consumer relationships while strengthening and expanding key distribution partnerships.
  • As part of the partnership, Eros Now will also be available across new bundled offerings to customers on Airtel Xstream Android set-top-boxes and Airtel Xstream Fiber.
  • With video consumption on the rise, the synergies between Eros Now and Airtel are expected to help both brands achieve their customer focused goals.