Eros International Sees User Growth Soar as It Closes STX Merger

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.

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Source Fool.com