Despite Box Office Misses and a Stalled Ipo, Stx Presses On

  • Variety
Now was supposed to be a happy time indeed for Stx Entertainment. If all had gone according to plan, “The Happytime Murders” would have been a smash summer hit and the studio would be laughing all the way to the bank with a successful Ipo under its belt.

But the Melissa McCarthy movie tanked at the box office, pulling in only $25 million worldwide despite costing $40 million to make. And the planned Ipo on the Hong Kong stock exchange is stuck in limbo, with the soonest a listing could take place pushed back to November, well past its end-of-summer target date.

Those setbacks have conspired to cloud the picture for Stx as the company tries to make good on its promise to usher in a new way of doing business in Hollywood. Founded in 2014 and touted as a fully baked content and distribution engine, the studio has seasoned U.S. executives
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