Eros STX Global Corp. (ESGC) is one of the leading international entertainment-based companies. It purchases and distributes scripted and unscripted films, digital content, and music via theater, TV, and OTT digital streaming to its customers.
The price of ESGC stock during the regular trading on December 30, 2021, was $0.24 with a 2.43% surge. At last check in the current market on December 31, 2021, the stock further went up by 5.11%.
ESGC: Events and Happenings
On December 16, 2021, ESGC reported that Eros Now streaming was available on SLING. It is a leading international programming platform that provides customers with leading content from around the world. On December 7, 2021, ESGC reported about its entry into a collaboration to sell the company’s Entertainment subsidiary to a partner of The Najafi Companies.
On November 16, 2021, ESGC reported about its entry into discussions with a third party for the sale of its Entertainment subsidiary. Both the parties conducted joint diligence and negotiated on definitive collaborations. ESGC had engaged financial advisors namely Lazard for its assistance in the process.
On November 3, 2021, ESGC reported about its entry into a first-look film contract with renowned CrossCheck Studios. It is a distinguished production firm founded by internet tycoons and influencers Josh Richards and Michael Gruen. On November 2, 2021, ESGC launched a month-long Bollywood Film Festival on Facebook Watch on Diwali. The company premiered a movie every day from its library of approximately 12,000 Indian films from 3rd November to 2nd December.
On October 25, 2021, ESGC reported about the acquisition of global for Bed Rest, a supernatural thriller. Lori Evans Taylor debuted in the film as the writer-director. On September 22, 2021, ESGC reported about teaming up with Reel One Entertainment for the development and production of ‘Team Chocolate’. It was the award-winning TV series of Belgium.
On September 20, 2021, ESGC reported that the bondholders of its retail bonds finalized the anticipated amendments and relinquishments to the UK Retail Bonds at the meeting on September 20. On September 9, 2021, ESGC had reached collaboration with Peacock and Roku for the debut My Son, which is a missing-person thriller.
Conclusion
The company’s stock dipped 33% as compared to the past month. The current soaring in the stock price is because of uncertainty in the market environment. The investors are hoping that the company’s stock will soon rise and the potential investment will be poured due to its strong policies towards the stockholders.
