The ambitious yet charming, Robert Simonds STX Entertainment Chairman and CEO has made a brilliant approach for the growth of his company. He has tapped into the two major entertainment giants in the world, China and USA.
The investment from Hony Capital and Gigi Pritzker strengthens the bond between the entertainment world of China and USA.
The capital investors of STX entertainment
Bob Simonds STX Entertainment Chairman and CEO has partnered with different global giants in order to get investments for his entertainment company. Bill McGlashan, an American entrepreneur and founding member of TPG is the largest stakeholder in STX entertainment. You can find out more about associate partners of STX entertainment by looking up Robert Simonds in LinkedIn or Bob Simonds in LinkedIn
Bill McGlashan has lived in China for approximately 5 years and has worked with Chinese businessmen for over 25 years. TPG growth has been involved with Hony Capital since its establishment. There is a strong bond of trust and commitment between the investors. This is the reason for the rapid growth of STX entertainment.
In a recent news article, Bill stated that collaborating with Chinese firms was really important for their business. The content that they would make would not just be related to US audience but would also cater to Chinese audience.
The contribution of Robert Simonds towards the success of STX entertainment
Robert Simonds, before he became the CEO and founder of STX entertainment was an independent producer. He had a knack for assessing the profitability of movies and marketed them well. He understood how to promote his movies and contributed to making them successful.
The ambitious producer during his independent stint had produced over 30 movies which had generated more than $6 billion revenue. This is a track record worth noting because even some of the big shot Hollywood producers aren’t able to compete with this success rate.
The STX studio finances billions every year from their year. They are completely immersed in the cause for distributing, producing, financing and marketing content that is fresh and meets the demand of the audience.
The focus of the company is on mid-budget movies. STX entertainment has recently filed a draft for initial public offerings on the Hong Kong Stock Exchange. They hope to attain value for their shares that would be listed on the Hong Kong Stock Exchange. This is considered among the biggest share market in the Asian continent.
The success of the company is not very surprising to big shot Hollywood producers. Tom Pollock, the chairman of Universal Studios, is one of them. He believes that Bob Simonds has a knack for building a business enterprise and although the face may deceive you into believing that he has a face of a child. He has a sharp acumen for being successful in his business.
There is a lot to learn from such inspiring and ambitious CEO and there are more people needed like him in the industry.