Eros STX (NYSE:EROS) subsidiary, EIML, has received a long-term credit rating of ‘B’ from Acuité Ratings & Research Limited on its INR4.65B (about $62M) bank facilities.
Investors in Eros International plc (EROS) saw new options become available this week, for the November 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the EROS options chain for the new November 20th contracts and identified the following call contract of particular interest.
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Disney (DIS +0.4%) is likely to postpone upcoming Marvel film Black Widow, Variety reports - a move that would set up a long, cold season for movie theaters.
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Gainers: BRY +13.1%. LWAY +7.1%.
Eros STX Global/Eros International (NYSE:EROS) is down 2.8% in early going after it reported fiscal Q1 results for its Indian subsidiary that swung to a loss in the COVID-19 pandemic.
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The Indian media and entertainment company plans to build on its leadership position.
Eros STX Global, formed through the merger of Eros International (EROS +2.2%) and STX Entertainment, has witnessed significant increases in both new subscriptions and consumer engagement on the Eros Now platform amid the stay-at-home compulsion orders across the world.For calendar 2022, Eros STX Global CEO Robert Simonds estimates 50M Eros Now monthly paying subscribers and ~$1B in revenue (assuming a normalization of the global economy and media landscape by the end of 2020); $50M in annual run-rate operating synergies and long-term EBITDA margins of ~20-25%.The companies plan to work on the $50M expected in merger-related synergies, mainly pertaining to global content production and monetization, overhead streamlining and global tax benefits.
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Cinema stocks are sharply higher in lockstep in recent minutes, in what may be mildly delayed reaction to news of a court decision allowing movie studios to own theaters again.
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Short-term traders are likely moving on, now that the merger is complete.
EROS earnings call for the period ending March 31, 2020.
The Indian media and entertainment platform continues to broaden its scope.
Eros International (EROS -1.5%) and STX Entertainment have completed their merger, becoming Eros STX Global.
Will Penny Stock News Act As A Big Catalyst For These Names Before August?
Eros International (NYSE:EROS): Q4 GAAP EPS of -₹124.53.Revenue ₹1.33B (-30.4% Y/Y).Shares -2.9% PM.Press Release
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The media company wants to be everywhere someone is watching a TV in India.
Eros International (NYSE:EROS) is up 5.8% today, making up the last week's lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).