Eros International, an Indian motion picture production and distribution company, completed the merger with STX Entertainment, an American entertainment and media company, in a $1bn all-stock deal. TPG, Hony Capital and Liberty Global exited STX Entertainment. "The combination of our two companies creates the first truly independent media company that deeply integrates the expertise and creative cultures of Hollywood and Bollywood. Kishore is a legend in the Indian entertainment industry and a pioneer in OTT content development and distribution in India. Together we will have the relationships, management expertise and resources to create new content and grow rapidly in the largest and most attractive global markets," Robert Simonds, STX CEO.