Indie STX Entertainment Seeks Cash or a Buyer After String of Box Office Flops (Exclusive)

WAXWORD

The studio’s CFO denied that the company is seeking to sell

The independent studio STX Entertainment is looking to merge, raise capital or find a buyer following a string of box office disappointments and the scuttling of a planned IPO last fall, TheWrap has learned.

Board members including Dominic Ng, CEO of East-West Bank, have met with deep-pocketed investors and Hollywood studios in recent weeks looking for a partner, two knowledgeable individuals told TheWrap.

Become a member to read more.
Sharon Waxman

Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times. Twitter: @sharonwaxman

Trey Williams

Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams