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      Eros STX Global Corp. (ESGC) Stock on the Rise Following Expansion of Agreement with Amazon into South Africa - Stocks Telegraph

      By Shimrez Hyder

      Published on

      August 23, 2021

      3:36 PM UTC

      Eros STX Global Corp. (ESGC) Stock on the Rise Following Expansion of Agreement with Amazon into South Africa - Stocks Telegraph

      Eros STX Global Corp. (ESGC) stock prices were up by 4.90% shortly after market trading commenced on August 23rd, 2021. This brought the price per share up to USD$0.62 early on in the trading day.

      ESGC Stocks’s Partnership with Amazon

      August 19th 2021 saw ESGC stock announce having closed a multi-year first window output deal in South Africa with Amazon Prime Video, effective immediately. The deal builds on the existing strategic pan-European output partnership between the two companies across the UK, France, Italy, and, as of 2021, Scandinavia.

      ESGC Stock’s Partnership with Empire

      Concurrently, ESGC stock has renewed its theatrical output deal with the South African distributor Empire Entertainment. The longstanding partnership was first struck in 2015, since which it has proven to be extremely successful for the companies involved. Accordingly, the company’s movies all performed extremely well in the South African territory. The company’s theatrical release of films in the South African region, are planned to continue to be managed by Empire. Amazon Prime Video will be taking Pay 1 Rights.

      Details of the Deal

      As per the multi-year Amazon deal, subscribers of Prime Video in the territory will gain access to view ESGC stock’s myriad of A-list titles.  The strategic decision to maximize the potential of the company’s film slate was demonstrated to be extremely effective with the string of recent partnerships. The immense success in European markets is hoped to be extended to the successful model in South Africa. The expanding network of partners is the basis for the significant expansion of the company’s production and acquisitions slate. This allows it to offer an expanded roster even more highly commercial filmed entertainment.

      About ESGC Stock

      ESGC stock acquires, co-produces, and distributes films, digital content, and music. Media is dispersed across various formats such as theatrical, television, and OTT digital media streaming to global users. The company became Eros STX Global Corp. following Eros Intl. PLC’s merger with STX Entertainment. The company has a presence in more than 150 countries, facilitating the delivery of prime content across a multitude of platforms.

      Future Outlook for ESGC

      The company reported a promising quarter that saw it extend its reach to the South African market. The company is keen to leverage its collaboration with Amazon Prime Video to usher in significant and sustained growth. Investors are hopeful in managements ability to facilitate organic growth in shareholder value over the long term.

       

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