STX Entertainment will remain an independent film studio as the private investment firm The Najafi Companies has now closed the deal to acquire Robert Simonds’ studio from Eros International, the companies announced Friday.
Simonds will serve as STX chairman and Noah Fogelson, currently the president, will become the new CEO.
Adam Fogelson will continue to serve as chairman of the Motion Picture Group, Andrew Warren will continue as CFO, and John Friedberg will continue overseeing the international and acquisitions divisions for the motion picture group out of the company’s London office.
The studio behind “Bad Moms,” “Hustlers” and “Greenland” was sold to The Najafi Companies last December in a $173 million deal.