Eros STX Global Shares Jump on Unit Sale, New Management

Dow Jones

2022/04/25

By Dean Seal

Shares of Eros STX Global Corp. jumped more than 5% Monday after the entertainment company announced that it had completed the previously announced sale of its STX subsidiary, hired new management and intended to rebrand.

The company's share price opened at $2.31, up from a prior close of $2.24, and reached a high of $2.58 in the first hour of trading.

The Burbank, Calif.-based company, which produces and distributes content for Hollywood and the Indian market, said it has completed its sale of STX Entertainment to an investor group led by the Najafi Cos. and plans to change its corporate name to Eros Media World PLC. Eros would retain a 15% stake in STX.

Eros said it has also repaid $152 million of outstanding debt to JP Morgan and brought on a new chief executive officer, chief financial officer and executive chairperson.

Write to Dean Seal at dean.seal@wsj.com

$(END)$ Dow Jones Newswires

April 25, 2022 11:18 ET (15:18 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2230047140"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2230047140\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2230047140?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-04-25 23:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2230047140","market":"hk","top_or_hot":-1,"title":"Eros STX Global Shares Jump on Unit Sale, New Management","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Eros STX Global Corp. jumped more than 5% Monday after the entertainment company announced that it had completed the previously announced sale of its STX subsidiary, hired new management and intended to rebrand. \n</p>\n<p>\n  The company's share price opened at $2.31, up from a prior close of $2.24, and reached a high of $2.58 in the first hour of trading. \n</p>\n<p>\n  The Burbank, Calif.-based company, which produces and distributes content for Hollywood and the Indian market, said it has completed its sale of STX Entertainment to an investor group led by the Najafi Cos. and plans to change its corporate name to Eros Media World <a href=\"https://laohu8.com/S/PLC\">PLC</a>. Eros would retain a 15% stake in STX. \n</p>\n<p>\n  Eros said it has also repaid $152 million of outstanding debt to JP Morgan and brought on a new chief executive officer, chief financial officer and executive chairperson. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 25, 2022 11:18 ET (15:18 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eros STX Global Shares Jump on Unit Sale, New Management</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEros STX Global Shares Jump on Unit Sale, New Management\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2022-04-25 23:18</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Eros STX Global Corp. jumped more than 5% Monday after the entertainment company announced that it had completed the previously announced sale of its STX subsidiary, hired new management and intended to rebrand. \n</p>\n<p>\n  The company's share price opened at $2.31, up from a prior close of $2.24, and reached a high of $2.58 in the first hour of trading. \n</p>\n<p>\n  The Burbank, Calif.-based company, which produces and distributes content for Hollywood and the Indian market, said it has completed its sale of STX Entertainment to an investor group led by the Najafi Cos. and plans to change its corporate name to Eros Media World <a href=\"https://laohu8.com/S/PLC\">PLC</a>. Eros would retain a 15% stake in STX. \n</p>\n<p>\n  Eros said it has also repaid $152 million of outstanding debt to JP Morgan and brought on a new chief executive officer, chief financial officer and executive chairperson. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 25, 2022 11:18 ET (15:18 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NGD","symbol_name":"New Gold","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2230047140","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2230047140","pubTimestamp":1650899880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Dean Seal \n\n\n \n\n\n  Shares of Eros STX Global Corp. jumped more than 5% Monday after the entertain","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NGD":"New Gold","STX":"希捷科技","BK4170":"电脑硬件、储存设备及电脑周边","BK4017":"黄金","BK4570":"地缘局势概念股","BK4512":"苹果概念"},"translate_title":"新管理层Eros STX全球股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNT":1,"ESGC":0.9,"NGD":1,"STX":1},"content_text":"By Dean Seal \n\n\n \n\n\n  Shares of Eros STX Global Corp. jumped more than 5% Monday after the entertainment company announced that it had completed the previously announced sale of its STX subsidiary, hired new management and intended to rebrand. \n\n\n  The company's share price opened at $2.31, up from a prior close of $2.24, and reached a high of $2.58 in the first hour of trading. \n\n\n  The Burbank, Calif.-based company, which produces and distributes content for Hollywood and the Indian market, said it has completed its sale of STX Entertainment to an investor group led by the Najafi Cos. and plans to change its corporate name to Eros Media World PLC. Eros would retain a 15% stake in STX. \n\n\n  Eros said it has also repaid $152 million of outstanding debt to JP Morgan and brought on a new chief executive officer, chief financial officer and executive chairperson. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 25, 2022 11:18 ET (15:18 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}