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STX to Remain Independent Studio as Deal With Najafi Companies Closes

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thewrap.com

The closing of this deal signifies STX’s position of leadership and its hopeful future within the film and television industry,” Robert Simonds, chairman of STX, said in a statement. “We are excited to work alongside this highly respected investment company and are thankful for their continued support as we expand our library of star-driven content.

We have solidified our international reputation and notable ambitions thus far, and we look forward to continually proving ourselves with each project we push forward.”  “In a relatively short amount of time, STX has helped create and distribute over 70 movies, many with stars and filmmakers who have made multiple projects with us,” Noah Fogelson, STX CEO “From ‘The Gift,’ ‘Bad Moms’ and ‘Hustlers, to ‘The Upside,’ ‘Molly’s Game,’ ‘Greenland’ and upcoming ‘Operation Fortune,’ the studio has, despite many headwinds, cemented a place in the industry.

We’re thrilled that an investor as savvy as Jahm (Najafi) and The Najafi Companies see the value of the platform today, and also what’s possible tomorrow.” Deadline first reported the news.

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