STX Entertainment is a privately-held American entertainment and media company that is actively involved in the creation, production, distribution, financing and marketing film, television and digital media, which also includes live events and virtual reality.
STX Entertainment was founded by Robert Simonds-one of Hollywood’s most prolific and profitable film producers and entrepreneurs along with and Bill McGlashan-Founder and Managing Partner of TPG Growth, with a vision of producing medium-budget projects, with a high profile star attached, a method of film-making that has lost its sheen in Hollywood studios over the years
With headquarters in Burbank, California, United States, STX has the following Divisions under their wings:
STXfilms and STXfamily: which includes animation and family content
STXtelevision: which includes scripted and unscripted content
STXdigital and STXsurreal: which includes live events and virtual reality
STXinternational: with international partnerships and a distribution arm headquartered in London
Keeping in mind it’s vision of producing star-oriented, medium budget content, STX has successfully undertaken the production and distribution of films such as Bad Moms starring Mila Kunis, Kristen Bell and Christian Applegate; Molly’s Game starring Jessica Chastain; The Gift starring Jason Bateman and Rebecca Hall; The Edge of Seventeen starring Hailee Steinfeld; The Foreigner starring Jackie Chan and Pierce Brosnan; Secret in Their Eyes starring Chiwetel Ejiofor, Nicole Kidman and Julia Roberts; The Boy starring Lauren Cohan; and Free State of Jones starring Matthew McConaughey. All of which have done a very good business at the Box Office. The films produced by the studio have also been recognized and nominated for various awards starting from the People’s choice awards to Academy Awards to Golden Globes and many more.
It has many more releases and exciting projects lined up with leading stars, coming up in the future.
And hence the question that pops up, Can Robert Simonds make STX Entertainment be the Next Major Studio in Hollywood?
Well, looking at the creative expertise and the financial support that the Company enjoys, the future looks promising for sure as we can expect some really great movies and good content being produced under this banner in the near future. The financials also look very strong as the Company announced that it had filed for its first IPO in the Hong Kong Stock Exchange. STX thus aims, to be the link of collaboration between USA and China along with encouraging many more partnerships around the globe.