NYSE:EMWP

Eros Media World Plc Announces Settlement of Securities Class Action Suit

Retrieved on: 
Monday, April 10, 2023
Professional Services, Entertainment, General Entertainment, TV and Radio, Film & Motion Pictures, Legal, Prejudice, Media, District court, Action

Eros Media World PLC (“Eros Media”, “Eros” or the “Company”), a global Indian media and entertainment company, announces the settlement of a putative securities class action pending in the United States District Court for the District of New Jersey captioned In re Eros International Plc Securities Litigation, No.

Key Points: 
  • Eros Media World PLC (“Eros Media”, “Eros” or the “Company”), a global Indian media and entertainment company, announces the settlement of a putative securities class action pending in the United States District Court for the District of New Jersey captioned In re Eros International Plc Securities Litigation, No.
  • 19-cv-14125 (the “Action”).
  • A stipulation and settlement agreement (the “Stipulation”), which was filed with the court on April 5, 2023, provides for the complete dismissal with prejudice of all claims asserted against the Company and individual defendants in the Action.
  • The Stipulation remains subject to court approval and other conditions.

Eros Media World Plc Announces It Will Not Appeal NYSE Delisting

Retrieved on: 
Monday, January 9, 2023
Professional Services, Entertainment, Technology, Film & Motion Pictures, Other Technology, Finance, Annual report, NYSE, Annual general meeting, Isle, Media

Eros Media World PLC (“Eros Media”, “Eros” or the “Company”) (NYSE: EMWP), a global Indian media and entertainment company announces that it will not submit any further appeal with the New York Stock Exchange (“NYSE”) to review the determination made by the NYSE to commence proceedings to delist the Company’s A ordinary shares and suspend trading immediately (the “Staff Determination”).

Key Points: 
  • Eros Media World PLC (“Eros Media”, “Eros” or the “Company”) (NYSE: EMWP), a global Indian media and entertainment company announces that it will not submit any further appeal with the New York Stock Exchange (“NYSE”) to review the determination made by the NYSE to commence proceedings to delist the Company’s A ordinary shares and suspend trading immediately (the “Staff Determination”).
  • The Staff Determination was based on the Company’s inability to file its annual reports on Form 20-F for the years ending March 31, 2021 and March 31, 2022.
  • In order to file a compliant annual report, the Company would have to include audited financials statements of STX Filmworks, Inc., the Company’s accounting predecessor, for the fiscal years ended March 31, 2019 and March 31, 2020.
  • The Company sought relief from the SEC to omit these historical financial statements from the delayed Form 20-F for the years ending March 31, 2021 and March 31, 2022, but was not able to obtain such relief.

Eros Media World Plc Shares Update on the Appeal Process of NYSE Staff on Notice of Delisting Determination, Announces Annual General Meeting

Retrieved on: 
Wednesday, December 14, 2022
Finance, Music, Film & Motion Pictures, Professional Services, Entertainment, Media, Coronavirus, Social media, Music, Television, Piracy, Report, Intellectual property, Staff, Eros Now, Communication, Collection, OTT, Isle, NYSE, Annual general meeting, Uncertainty, Acquisition, Risk management

Following discussion with the Staff, the date of the Companys hearing on the appeal has been rescheduled from December 15, 2022 to April 13, 2023.

Key Points: 
  • Following discussion with the Staff, the date of the Companys hearing on the appeal has been rescheduled from December 15, 2022 to April 13, 2023.
  • Eros Media World Plc, (Eros, the Company) (NYSE: EMWP) is a global media and entertainment company that acquires, co-produces and distributes films, digital content and music across multiple formats such as theatrical, television, OTT digital media streaming and emerging Web 3.0 ecosystem to consumers around the world.
  • The Company also owns the leading South Asian OTT platform Eros Now, which has rights to over 12,000 films across major Indian languages.
  • Any forward-looking statement made by the Company in this communication speaks only as of the date on which the Company makes it.

Eros Media World and Arabia Pictures to Produce Three Films, Including an Arabic Remake of a Bollywood Superhit Film in Saudi

Retrieved on: 
Tuesday, December 6, 2022
Technology, Entertainment, Other Technology, Software, Other Entertainment, TV and Radio, Celebrity, Film & Motion Pictures, Hardware, Licensing (Entertainment), Media, Music, Television, Ecosystem, Creativity, Arabian Peninsula, Partnership, Magic, Eros Now, OTT, Hindi, NYSE, Investment, Government, Education, Tourism, Recreation, Health, Film

Abdulelah Alahmary, CEO of Arabia Pictures, says, Were very thrilled to collaborate with ErosMedia in bringing captivating, family-orientated stories to the MENA region.

Key Points: 
  • Abdulelah Alahmary, CEO of Arabia Pictures, says, Were very thrilled to collaborate with ErosMedia in bringing captivating, family-orientated stories to the MENA region.
  • Our cultures share similar qualities, and we believe that our first film together, which is a remake will resonate with our audiences.
  • Commenting on the announcement, Pradeep Dwivedi, CEO, Eros Media World, says, Saudi Arabia and India enjoy a strong relationship reflecting their centuries-old economic and socio-cultural ties.
  • He adds, "In Arabia Pictures, we have found a perfect partner, and together we will recreate the magic of Bollywood in Saudi."

Eros Media World Announces Association with Ministry of Investment in Kingdom of Saudi Arabia (MISA)

Retrieved on: 
Wednesday, October 26, 2022
Technology, Entertainment, Film & Motion Pictures, Web3, ACT, Education, Future Investment Initiative, Growth, Robotics, Media, Ministry of Investment (Saudi Arabia), Sustainability, Centre for Artificial Intelligence and Robotics, NYSE, PIF, Program, Music, Investment, FII, Vision 2030, Partnership, Technology, Company, Public Investment Fund, Industry, Eros Now, Ecosystem, OTT, Association, Television, Artificial intelligence, Chief executive officer, Solution, MISA, Renewable energy, Weapon, Health care, Kingdom

Eros Media World PLC ("ErosMedia", "Eros" or the "Company") (NYSE: EMWP), a global Indian media and entertainment company, has announced an association with the Ministry of Investment in Kingdom of Saudi Arabia (MISA) to develop investment opportunities and projects in the region.

Key Points: 
  • Eros Media World PLC ("ErosMedia", "Eros" or the "Company") (NYSE: EMWP), a global Indian media and entertainment company, has announced an association with the Ministry of Investment in Kingdom of Saudi Arabia (MISA) to develop investment opportunities and projects in the region.
  • As a part of this association, MISA will assist ErosMedia in its expansion in Saudi Arabia.
  • Commenting on the association, Pradeep Dwivedi, Group CEO, Eros Media World, says, "We are thrilled to partner with the Ministry of Investment in the Kingdom of Saudi Arabia (MISA) in its vision to accelerate reforms in the kingdom.
  • The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to these opportunities by developing a vibrant cross-government investment ecosystem, while supporting businesses throughout their investment journey.

Eros Media World PLC Files an Appeal with NYSE Staff on Notice of Delisting Determination

Retrieved on: 
Wednesday, September 14, 2022
Entertainment, Film & Motion Pictures, Professional Services, Technology, General Entertainment, Other Entertainment, TV and Radio, Other Professional Services, Music, Audio, Video, Finance, Other Technology, STX Entertainment, Securities Exchange Act of 1934, NYSE, Sale, Securities Act of 1933, OTT, Company, Acquisition, Intellectual property, Review, Social media, Industry, Letter, Television, Eros Now, Uncertainty, Media, Coronavirus, Collection, Board, Music, Report, Piracy, New, Communication, Mission statement, Audit, Risk management

Eros Media World PLC (Eros Media, Eros or the Company) (NYSE: EMWP), a global Indian media and entertainment company has announced that it has duly filed an appeal with the New York Stock Exchange (NYSE) to review the determination made by the NYSE Regulation to commence proceedings to delist the Companys A ordinary shares and suspend trading immediately (the Staff Determination).

Key Points: 
  • Eros Media World PLC (Eros Media, Eros or the Company) (NYSE: EMWP), a global Indian media and entertainment company has announced that it has duly filed an appeal with the New York Stock Exchange (NYSE) to review the determination made by the NYSE Regulation to commence proceedings to delist the Companys A ordinary shares and suspend trading immediately (the Staff Determination).
  • The Companys request for a review of the Staff Determination by a committee of the Board of Directors of the NYSE is in accordance with Section 804.00 of the NYSEs Listed Company Manual.
  • The companys request has been acknowledged by the NYSE last week in a letter, further confirming December 15, 2022 as scheduled date of review.
  • Eros Media World Plc, (Eros, the Company) (NYSE: EMWP) is a global media and entertainment company that acquires, co-produces and distributes films, digital content and music across multiple formats such as theatrical, television, OTT digital media streaming and emerging Web 3.0 ecosystem to consumers around the world.

Eros Media World Plc Receives Notice of Delisting From NYSE, Intends To Appeal The Staff Determination

Retrieved on: 
Thursday, August 18, 2022
Entertainment, Technology, TV and Radio, Film & Motion Pictures, Other Technology, Web3, Intellectual property, U.S. Securities and Exchange Commission, Eros Now, Securities Act of 1933, Industry, Television, NYSE, Ecosystem, Securities Exchange Act of 1934, Media, SEC, Sale, Board, Security (finance), Communication, Piracy, New, STX Entertainment, Form 6-K, Review, Company, Acquisition, Coronavirus, Uncertainty, Social media, OTT, Report, Music, Collection, Form 20-F, Annual report, Risk management

The Staff Determination does not impact the Companys obligation to file periodic reports and other reports with the SEC under applicable U.S. securities laws.

Key Points: 
  • The Staff Determination does not impact the Companys obligation to file periodic reports and other reports with the SEC under applicable U.S. securities laws.
  • The Company intends to request a review of the Staff Determination by a committee of the Board of Directors of the NYSE in accordance with Section 804.00 of the NYSEs Listed Company Manual.
  • The review will be scheduled for a date that is at least 25 business days from the date the Company requests such a review.
  • Eros Media World Plc, (Eros, the Company) (NYSE: EMWP) is a global media and entertainment company that acquires, co-produces and distributes films, digital content and music across multiple formats such as theatrical, television, OTT digital media streaming and emerging web 3.0 ecosystem to consumers around the world.

Eros Media World Plc Enters Saudi Arabian Market Through Strategic Partnership With Arabia Pictures Group

Retrieved on: 
Tuesday, August 16, 2022
Entertainment, Technology, General Entertainment, Film & Motion Pictures, Audio, Video, Web3, Intellectual property, Eros Now, Energy Independence and Security Act of 2007, Industry, Television, NYSE, Technology, Growth, Ecosystem, Investment, Media, Gartner, Securities Exchange Act of 1934, Group, Creativity, Recreation, Blockchain, Environment, Communication, Annual report, Government, Arabian Peninsula, Piracy, Kingdom, VARA, Company, Education, Gross domestic product, Acquisition, Vision 2030, Partnership, General Entertainment, GEA, Coronavirus, Tourism, Uncertainty, Hub, Social media, APG, OTT, Securities Act of 1933, Music, Collection, Health, Video game, Cryptocurrency, Creative industries, Risk management, Web3

Eros will partner in Vision 2030 and will be the first media company of Indian origin to explore actionable opportunities.

Key Points: 
  • Eros will partner in Vision 2030 and will be the first media company of Indian origin to explore actionable opportunities.
  • As the first step in this endeavour, Eros has entered into a strategic partnership with Arabia Pictures Group APG, headquartered in Riyadh, which caters mainly to the MENA region and is focused on content production.
  • Almadani continued, Im proud of the strategic cooperation with Eros Media World PLC, which is the first of its kind in the Arab world.
  • Commenting on the partnership, Pradeep Dwivedi, Group CEO Eros Media World Plc, says, Saudi Arabia is a strategic market for global organizations like Eros Media World.

Eros Receives NYSE Extension for Annual Report Filing

Retrieved on: 
Wednesday, August 3, 2022
Entertainment, Technology, TV and Radio, Film & Motion Pictures, Other Technology, Web3, Failure, Intellectual property, Securities Act of 1933, Coronavirus, Annual report, Security (finance), Acquisition, Piracy, Media, NYSE, Securities Exchange Act of 1934, Television, Company, Exchange, Communication, Uncertainty, Industry, OTT, Time, New, Mission statement, Social media, Form 20-F, Ecosystem, Collection, Music, U.S. Securities and Exchange Commission, Eros Now, SEC, Risk management

About Eros Media World Plc:

Key Points: 
  • About Eros Media World Plc:
    Eros Media World Plc, (Eros, the Company) (NYSE: EMWP) is a global media and entertainment company that acquires, co-produces and distributes films, digital content and music across multiple formats such as theatrical, television, OTT digital media streaming and emerging web 3.0 ecosystem to consumers around the world.
  • 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.
  • Any forward-looking statement made by the Company in this communication speaks only as of the date on which the Company makes it.