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SNE - Eros International Sees User Growth Soar as It Closes STX Merger
Sony Corporation
Indian streaming video platform Eros International(NYSE: EROS) continues to see user growth soar as a result of the coronavirus pandemic, reporting paying subscribers in the fiscal fourth quarter surged 56% to 29.3 million.
And like its global streaming peers, such as Netflix(NASDAQ: NFLX) and Amazon.com(NASDAQ: AMZN), it is becoming a more vertically integrated entertainment business as it also just closed on its merger with STX Entertainment, a global producer, marketer, and distributor of movies, TV shows, and multimedia content.