STX Entertainment will remain an independent film studio as the private investment firm The Najafi Companies has now closed the deal to acquire Robert Simonds’ studio from Eros International, the companies announced Friday.
Simonds will serve as STX chairman and Noah Fogelson, currently the president, will become the new CEO.
Adam Fogelson will continue to serve as chairman of the Motion Picture Group, Andrew Warren will continue as CFO, and John Friedberg will continue overseeing the international and acquisitions divisions for the motion picture group out of the company’s London office.
The studio behind “Bad Moms,” “Hustlers” and “Greenland” was sold to The Najafi Companies last December in a 173 million deal. However, it included a 45-day “go-shop” period in which Lionsgate explored a last minute acquisition of its own of STX. As previously reported by TheWrap, that deal fell through with an offer that was said to be below the 173 million offered by Najafi.
Simonds will serve as STX chairman and Noah Fogelson, currently the president, will become the new CEO.
Adam Fogelson will continue to serve as chairman of the Motion Picture Group, Andrew Warren will continue as CFO, and John Friedberg will continue overseeing the international and acquisitions divisions for the motion picture group out of the company’s London office.
The studio behind “Bad Moms,” “Hustlers” and “Greenland” was sold to The Najafi Companies last December in a 173 million deal. However, it included a 45-day “go-shop” period in which Lionsgate explored a last minute acquisition of its own of STX. As previously reported by TheWrap, that deal fell through with an offer that was said to be below the 173 million offered by Najafi.
- 4/22/2022
- by Brian Welk
- The Wrap
Exclusive: There’s been a lot of biting rumors around STX Entertainment during the past four months, from a potential sale to Lionsgate to possibly filing Chapter 11. These are not coming to realization as the Hustlers and Bad Moms studio now can breathe a sigh of relief, having fully closed its sale to The Najafi Companies, with Birch Grove LP and 777 Partners now also providing financing.
The Forest Road Company originally was part of the Najafi consortium in taking over STX’s debt, but it no longer is part of the revived studio going forward.
All of this puts STX Entertainment in a position to remain independent, now completely separated from Eros International, which we’ve heard has had its own financial baggage, further complicating affairs for the Burbank studio. All of this is good for the greater independent film ecosphere as STX won’t be a theatrical distributor to...
The Forest Road Company originally was part of the Najafi consortium in taking over STX’s debt, but it no longer is part of the revived studio going forward.
All of this puts STX Entertainment in a position to remain independent, now completely separated from Eros International, which we’ve heard has had its own financial baggage, further complicating affairs for the Burbank studio. All of this is good for the greater independent film ecosphere as STX won’t be a theatrical distributor to...
- 4/22/2022
- by Anthony D'Alessandro
- Deadline Film + TV
Deal cements independence from Eros International.
Following months of speculation The Najafi Companies has closed its acquisition of STX Entertainment.
Robert Simonds will serve as STX chairman and Noah Fogelson, currently president, becomes the new CEO. Adam Fogelson will continue to serve as chairman of the motion picture group, Andrew Warren will continue as CFO, and John Friedberg will continue to run international sales and acquisitions in London.
As Birch Grove LP and 777 Partners provided financing for the deal, which cements STX Entertainment’s independence from Eros International. The Najafi Companies invests across multiple sectors and has “significant” holdings in consumer,...
Following months of speculation The Najafi Companies has closed its acquisition of STX Entertainment.
Robert Simonds will serve as STX chairman and Noah Fogelson, currently president, becomes the new CEO. Adam Fogelson will continue to serve as chairman of the motion picture group, Andrew Warren will continue as CFO, and John Friedberg will continue to run international sales and acquisitions in London.
As Birch Grove LP and 777 Partners provided financing for the deal, which cements STX Entertainment’s independence from Eros International. The Najafi Companies invests across multiple sectors and has “significant” holdings in consumer,...
- 4/22/2022
- by Jeremy Kay
- ScreenDaily
San Francisco, March 17 (Ians) Graham Ivan Clark, a teenager behind the unprecedented Twitter hack of July last year that compromised high-profile accounts belonging to Elon Musk, Bill Gates, Jeff Bezos, Barack Obama and Joe Biden, among others, has been sent to three years in prison as part of his plea deal.
According to The Tampa Bay Times, the teenager took control of celebrity accounts and used them to gain more than $100,000 in Bitcoin.
"In a deal with prosecutors, Clark agreed to serve three years in prison, followed by three years probation," the report said on Tuesday.
Clark was 17 when he was accused of masterminding the Twitter hack.
The agreement has allowed Clark, now 18, to be sentenced as a "youthful offender," avoiding a minimum 10-year sentence that would have followed if he'd been convicted as an adult.
"Graham Clark needs to be held accountable for that crime, and other potential scammers...
According to The Tampa Bay Times, the teenager took control of celebrity accounts and used them to gain more than $100,000 in Bitcoin.
"In a deal with prosecutors, Clark agreed to serve three years in prison, followed by three years probation," the report said on Tuesday.
Clark was 17 when he was accused of masterminding the Twitter hack.
The agreement has allowed Clark, now 18, to be sentenced as a "youthful offender," avoiding a minimum 10-year sentence that would have followed if he'd been convicted as an adult.
"Graham Clark needs to be held accountable for that crime, and other potential scammers...
- 3/17/2021
- by Glamsham Bureau
- GlamSham
A 17-year-old was arrested on Friday for being the “mastermind” behind the July 15 hack of the Twitter accounts of Joe Biden, Barack Obama, Bill Gates, Elon Musk and other high-profile figures.
Graham Ivan Clark, of Tampa, was arrested early in the day on allegations that he orchestrated a scheme to “steal the identities of prominent people,” then posted messages in their names directing people to send Bitcoin to accounts associated with him, according to Andrew Warren, state attorney in Hillsborough County, Fl. He said that Clark reaped more than $100,000 in a single day.
Clark faces 30 felony charges. According to the Tampa Bay Times, those include one count of organized fraud of more than $50,000, 17 counts of felony communications fraud, one count of aggravated identity theft, 10 counts of identity theft and one count for hacking and unlawful access to a computer in furtherance of a scheme to defraud.
The hack proved to...
Graham Ivan Clark, of Tampa, was arrested early in the day on allegations that he orchestrated a scheme to “steal the identities of prominent people,” then posted messages in their names directing people to send Bitcoin to accounts associated with him, according to Andrew Warren, state attorney in Hillsborough County, Fl. He said that Clark reaped more than $100,000 in a single day.
Clark faces 30 felony charges. According to the Tampa Bay Times, those include one count of organized fraud of more than $50,000, 17 counts of felony communications fraud, one count of aggravated identity theft, 10 counts of identity theft and one count for hacking and unlawful access to a computer in furtherance of a scheme to defraud.
The hack proved to...
- 7/31/2020
- by Ted Johnson
- Deadline Film + TV
Eros International and STX Corp. have formally closed their merger and said the combined firm plans a listing on the New York Stock Exchange in September.
The combined entity, which blends the film and TV operations of large-scale indie STX with the production and streaming assets of India-based Eros, will trade under the symbol Esxi. Eros STX Global Corp. will be based in the Isle of Man and headquartered in Burbank and Mumbai. The official closing announcement called the new firm a “powerhouse between East and West.”
New and existing investors include Tpg, Tencent, Hony Capital and Liberty Global.
STX, launched by Robert Simonds nearly a decade ago with blue-chip backers, including several Chinese firms, has tasted breakout success with Bad Moms and Hustlers, but as an independent company it has also had missteps. It had to abandon a quest for a public offering on the Hong Kong Stock Exchange...
The combined entity, which blends the film and TV operations of large-scale indie STX with the production and streaming assets of India-based Eros, will trade under the symbol Esxi. Eros STX Global Corp. will be based in the Isle of Man and headquartered in Burbank and Mumbai. The official closing announcement called the new firm a “powerhouse between East and West.”
New and existing investors include Tpg, Tencent, Hony Capital and Liberty Global.
STX, launched by Robert Simonds nearly a decade ago with blue-chip backers, including several Chinese firms, has tasted breakout success with Bad Moms and Hustlers, but as an independent company it has also had missteps. It had to abandon a quest for a public offering on the Hong Kong Stock Exchange...
- 7/30/2020
- by Dade Hayes
- Deadline Film + TV
STX Entertainment, founded in 2014 as a star-driven, movie-focused operation, is merging with India’s Eros International to form a new, publicly traded media company with operations across film, TV, streaming and other areas.
The all-stock deal will give the new entity what a press release described as a “revamped” capital structure, with $125 million of incremental equity from new and existing Stx Entertainment equity investors Tpg, Hony Capital and Liberty Global. The company will also have a $350 million Jp Morgan-led credit facility.
The newly constituted management team will be led by Kishore Lulla as Executive Co-Chairman, Robert
Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla...
The all-stock deal will give the new entity what a press release described as a “revamped” capital structure, with $125 million of incremental equity from new and existing Stx Entertainment equity investors Tpg, Hony Capital and Liberty Global. The company will also have a $350 million Jp Morgan-led credit facility.
The newly constituted management team will be led by Kishore Lulla as Executive Co-Chairman, Robert
Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla...
- 4/17/2020
- by Dade Hayes
- Deadline Film + TV
Stx Entertainment CEO Bob Simonds notified staff on Friday that the company will merge with Indian film studio Eros International. The six-year-old indie studio scored its biggest hits with 2016’s “Bad Moms” and last year’s “Hustlers” but has mostly struggled at the box office
“Today marks an important and exciting day for our company. I’m very happy to let you know that we have just announced an agreement to combine forces with Eros International, the leading Indian film studio and Ott platform driving Bollywood,” Simonds wrote. “Eros is simply the most important film company in India. After the transaction closes, expected by the end of June, the combined company will be called Eros Stx Global Corporation and will trade on the NYSE, where Eros is traded today.”
The two companies entered into a definitive stock-for-stock merger agreement that will also come with a revamped capital structure, which includes...
“Today marks an important and exciting day for our company. I’m very happy to let you know that we have just announced an agreement to combine forces with Eros International, the leading Indian film studio and Ott platform driving Bollywood,” Simonds wrote. “Eros is simply the most important film company in India. After the transaction closes, expected by the end of June, the combined company will be called Eros Stx Global Corporation and will trade on the NYSE, where Eros is traded today.”
The two companies entered into a definitive stock-for-stock merger agreement that will also come with a revamped capital structure, which includes...
- 4/17/2020
- by Trey Williams
- The Wrap
Indian studio Eros International is merging with Hollywood player STX Global to create a new entity named Eros STX Global Corporation.
The revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including Tpg, Hony Capital and Liberty Global and a robust balance sheet that includes a $350 million Jp Morgan-led credit facility.
The new management team will be led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Corporate Strategy.
More to come.
The revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including Tpg, Hony Capital and Liberty Global and a robust balance sheet that includes a $350 million Jp Morgan-led credit facility.
The new management team will be led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Corporate Strategy.
More to come.
- 4/17/2020
- by Manori Ravindran
- Variety Film + TV
This week, New York’s social elite donned their best white and yellow looks to celebrate midsummer at the Moxy Hotel’s ‘Fleur Room’ in the Chelsea flower district.
DJs Coco Robert and Celest Greenberg at Midsummer Angel Gala
Credit/Copyright: Dimitrios Kambouris/Getty Images for Gabrielle's Angel Foundation
The sold out event hosted by the newly formed Young Professional Council, created to support Denise Rich's Gabrielle's Angel Foundation for Cancer Research, exceeded all fundraising goals, with proceeds benefitting children with cancer. A host of famous faces enjoyed a spectacular performance by America’s Got Talent finalist Johnny Manuel who serenaded the crowd with Whitney Houston’s “I Have Nothing,” while New York DJs Coco Robert and Celeste Greenberg set the dance floor alight as guests reveled in an enchanted garden of flowers and live art performances, wearing floral crowns and sipping bespoke cocktails at the top of the new Moxy Hotel.
DJs Coco Robert and Celest Greenberg at Midsummer Angel Gala
Credit/Copyright: Dimitrios Kambouris/Getty Images for Gabrielle's Angel Foundation
The sold out event hosted by the newly formed Young Professional Council, created to support Denise Rich's Gabrielle's Angel Foundation for Cancer Research, exceeded all fundraising goals, with proceeds benefitting children with cancer. A host of famous faces enjoyed a spectacular performance by America’s Got Talent finalist Johnny Manuel who serenaded the crowd with Whitney Houston’s “I Have Nothing,” while New York DJs Coco Robert and Celeste Greenberg set the dance floor alight as guests reveled in an enchanted garden of flowers and live art performances, wearing floral crowns and sipping bespoke cocktails at the top of the new Moxy Hotel.
- 6/26/2019
- Look to the Stars
Gabrielle's Angel Foundation for Cancer Research announced today that they will honor designer Andrew Warren at the first ever Midsummer Angel Gala, “Where Art & Music Meets Cancer”.
Established from the desire of young entrepreneurs and professionals to give back and make a difference in the fight against cancer, proceeds raised from the evening will benefit the Foundation’s music therapy program for cancer patients at Memorial Sloan-Kettering Cancer Center. Hosted by YouTube star Twan Kuyper, the event will be held on Monday, June 24th at The Fleur Room in New York City.
Guests at the gala will be transported into a whimsical midsummer garden of immersive experiences with performances by Johnny Manuel, DJ Celeste Greenberg, and DJ Coco Robert, among other surprises.
Artists from around the world have joined the cause by donating to a silent auction you won’t want to miss with unique opportunities from contemporary artists valued...
Established from the desire of young entrepreneurs and professionals to give back and make a difference in the fight against cancer, proceeds raised from the evening will benefit the Foundation’s music therapy program for cancer patients at Memorial Sloan-Kettering Cancer Center. Hosted by YouTube star Twan Kuyper, the event will be held on Monday, June 24th at The Fleur Room in New York City.
Guests at the gala will be transported into a whimsical midsummer garden of immersive experiences with performances by Johnny Manuel, DJ Celeste Greenberg, and DJ Coco Robert, among other surprises.
Artists from around the world have joined the cause by donating to a silent auction you won’t want to miss with unique opportunities from contemporary artists valued...
- 6/18/2019
- Look to the Stars
In the history of TV there have been a lot of shows that have grabbed the attention of the people and held on for dear life. But NCIS is one of those that, according to Jason Rossi from the Cheat Sheet, is something that people love or hate but can still admit is insanely popular. Andrew Warren from TV Tabloid has gone into the whole idea of spinoffs when it comes to NCIS, but one thing that’s pretty obvious is that NCIS: La and NCIS: New Orleans kind of got lucky that the parent show became such a hit and
NCIS Spinoffs We’d Like to See Without NCIS in the Title...
NCIS Spinoffs We’d Like to See Without NCIS in the Title...
- 4/9/2019
- by Tom
- TVovermind.com
Earlier this week in New York, Gabrielle's Angel Foundation for Cancer Research hosted the Angel Ball 2018 which raises money for blood cancer research.
Darryl Dmc McDaniels performs onstage at the 2018 Angel Ball
Credit/Copyright: Dimitrios Kambouris/Getty Images for Gabrielle's Angel Foundation
The gala, which took place at Cipriani Wall Street, honored Dottie Herman, Douglas Elliman CEO; Monte Lipman, Founder and Chairman of Republic Records, Avery Lipman, Founder and President of Republic Records; and Harvey Spevak, Executive Chairman & Managing Partner, Equinox.
The black-tie benefit hosted by Grammy-nominated songwriter Denise Rich and her daughters Daniella Rich Kilstock and Ilona Rich Schachter, is an evening to honor the memory of Gabrielle Rich Aouad and benefits Gabrielle’s Angel Foundation for Cancer Research, which funds the best and brightest early career scientists whose research focuses on finding less toxic treatments for patients with leukemia, lymphoma and other related blood cancers.
Queer Eye host Karamo Brown emceed the evening,...
Darryl Dmc McDaniels performs onstage at the 2018 Angel Ball
Credit/Copyright: Dimitrios Kambouris/Getty Images for Gabrielle's Angel Foundation
The gala, which took place at Cipriani Wall Street, honored Dottie Herman, Douglas Elliman CEO; Monte Lipman, Founder and Chairman of Republic Records, Avery Lipman, Founder and President of Republic Records; and Harvey Spevak, Executive Chairman & Managing Partner, Equinox.
The black-tie benefit hosted by Grammy-nominated songwriter Denise Rich and her daughters Daniella Rich Kilstock and Ilona Rich Schachter, is an evening to honor the memory of Gabrielle Rich Aouad and benefits Gabrielle’s Angel Foundation for Cancer Research, which funds the best and brightest early career scientists whose research focuses on finding less toxic treatments for patients with leukemia, lymphoma and other related blood cancers.
Queer Eye host Karamo Brown emceed the evening,...
- 10/25/2018
- Look to the Stars
The production team behind Woody Harrelson’s live, one-take feature film Lost in London are to be feted at Production Guild of Great Britain Awards.
The awards take place on Saturday September 22 at The Grove in Hertfordshire and are sponsored by Warner Bros. Studios Leavesden.
The team, which includes Co-Producer Andrew Warren, Production Coordinator Samantha Black, Supervising Location Manager David Broder and Location Manager Paul Tomlinson, are to be awarded for their work on the Harrelson, Owen Wilson and Willie Nelson-fronted film, which was shot on one camera in 100 minutes and was broadcast live across more than 550 U.S. cinemas and one UK screen.
With no room for error, the team found solutions to a host of technical challenges, placing antennae across two square miles of London to ensure signal was unbroken and using more than 150 microphones to pick up dialogue. Continuous filming across 24 locations presented its own difficulties,...
The awards take place on Saturday September 22 at The Grove in Hertfordshire and are sponsored by Warner Bros. Studios Leavesden.
The team, which includes Co-Producer Andrew Warren, Production Coordinator Samantha Black, Supervising Location Manager David Broder and Location Manager Paul Tomlinson, are to be awarded for their work on the Harrelson, Owen Wilson and Willie Nelson-fronted film, which was shot on one camera in 100 minutes and was broadcast live across more than 550 U.S. cinemas and one UK screen.
With no room for error, the team found solutions to a host of technical challenges, placing antennae across two square miles of London to ensure signal was unbroken and using more than 150 microphones to pick up dialogue. Continuous filming across 24 locations presented its own difficulties,...
- 9/21/2018
- by Peter White
- Deadline Film + TV
Looks like Lindsay Lohan and Tiffany Trump are living it up in Greece.
Andrew Warren, a mutual friend of the 32-year-old actress and the 24-year-old daughter of President Donald Trump, shared a video on Friday night of Lohan helping her old friend perfect her ponytail during a night out in Mykonos.
“Hair styles by Lindsay, let’s go,” Warren says during the video, while the two women share a laugh together.
“You missed it before,” the Georgetown Law student replies, continuing to giggle as Lohan moves behind her to survey her hairstyle.
“C’mon, hairstyles by Lindsay,” Warren adds, as...
Andrew Warren, a mutual friend of the 32-year-old actress and the 24-year-old daughter of President Donald Trump, shared a video on Friday night of Lohan helping her old friend perfect her ponytail during a night out in Mykonos.
“Hair styles by Lindsay, let’s go,” Warren says during the video, while the two women share a laugh together.
“You missed it before,” the Georgetown Law student replies, continuing to giggle as Lohan moves behind her to survey her hairstyle.
“C’mon, hairstyles by Lindsay,” Warren adds, as...
- 7/28/2018
- by Maria Pasquini
- PEOPLE.com
New bestie alert? Lindsay Lohan recently partied with Tiffany Trump. The 32-year-old actress and socialite posted on Instagram on Friday a photo of her with President Donald Trump's 24-year-old daughter and mutual friend Andrew Warren at a fundraiser for the victims of the Greek wildfires at the Nammos restaurant on the Greek island of Mykonos. Lindsay, who opened her new Lohan Beach House club there earlier this year, tagged the U.S. leader in her post. Warren posted the same photo, which shows Lindsay wearing a plunging Grecian-style dark red dress and Tiffany sporting a sleeveless black tuxedo button-down dress. He and the actress later deleted the pics. He did keep...
- 7/28/2018
- E! Online
Tiffany Trump just took a walk down the aisle, but she wasn’t the one getting married. The first daughter’s trip to Las Vegas to celebrate her close friend Andrew Warren’s birthday took an unexpected turn when fellow guests, actor and reality star Peter Cary “PC” Peterson and socialite Quentin Esme Brown, told a few members of the group they intended on getting hitched at a chapel while they were there.
The couple tied the knot, and turned to Trump to be their flower girl for the special occasion, according to photos shared on social media.
Trump walked...
The couple tied the knot, and turned to Trump to be their flower girl for the special occasion, according to photos shared on social media.
Trump walked...
- 1/16/2018
- by Kaitlyn Frey
- PEOPLE.com
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