In a first of its kind deal, Indian movie producer and distributor Eros International announced an all-share merger with Hollywood’s STX Entertainment to create an equally-held global entertainment company. The six year old, privately-held STX has done 34 movies including ‘Hustlers’ and ‘Bad Moms’ which have cumulatively grossed $1.5 billion, while Eros focuses primarily on the Indian and diaspora markets by producing movies and distributing through an OTT platform.

(Moneycontrol)