Eros International plc

Eros International plc was an Indian multinational mass media conglomerate. It generally worked in the Indian film and entertainment industry. It co-produced, acquired and distributed Indian language films through its film production and distribution subsidiary, Eros International and distributed them in multiple formats worldwide. Its headquarters were in the Isle of Man. The group distribution network included over 50 countries and has offices in India, the United Kingdom, the United States, the United Arab Emirates, Australia, and Fiji. Kishore Lulla, the son of the founder Arjan Lulla, was the chairman of Eros International plc before its merger with STX Entertainment.

On 16 April 2020, U.S. film studio STX Entertainment announced that it would merge with Eros International to form Eros STX, in a transaction expected to close by June. The proposed merger was completed in July 2020, forming Eros STX Global Corporation. Eros merged with STX in 2020, and changed its name to Eros STX Global. The merger ran into difficulties, and STX was re-separated and sold to the Najafi Companies in April 2022. Shortly after, ErosSTX announced their rebrand to Eros Media World plc.

Eros Media World did not file its annual reports for the year ended March 31, 2021 and March 31, 2022, or file its semiannual report for the six months ended September 30, 2021 with the Securities and Exchange Commission (SEC). The New York Stock Exchange delisted its stock and suspended trading. Eros filed an appeal with the New York Stock Exchange to review the determination made by the NYSE Regulation but then decided not to submit any further appeal since would not be able to produce compliant annual reports.

Eros Media World was months behind on payments owed to British bondholders. Its £50 million bond was due in 2021, but payments were raised when Eros asked if it could pay back the bonds in 2023 rather than 2021. In March 2023, the company offered to repurchase up to half their bonds at a price of 60p in the pound and delay repayment of the rest of the bonds until 2026. Eros offered to purchase only £2m of bonds delay payment until March 2024. In July 2023, the Bank of India filed a claim against the UK arm of Eros in the London Circuit Commercial Court. The company put its UK business into insolvency. Eros Media World's Indian subsidiary was barred by the Securities and Exchange Board of India (SEBI) from accessing the securities market in June 2023 for the alleged misrepresentation of financial statements and siphoning off of funds. The regulator barred Eros International Media Limited Managing Director Sunil Arjan Lulla and CEO Pradeep Dwivedi from the securities market.