Eros STX Global Corporation (NYSE:ESGC) announced on November 16, 2021 that it has entered into exclusive negotiations with a third party for the sale of its STX Entertainment subsidiary, during which the parties will conduct mutual diligence and negotiate definitive agreements. The Company has engaged Lazard as a financial advisor to assist in the sale process. There can be no assurance that the negotiations or any process will result in a transaction. The Company does not intend to provide announcements or updates unless or until it determines that further disclosure is appropriate or necessary.