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Tuesday, Feb 7, 2023

VALLEY INSIDER

STX Entertainment in Burbank plans to combine with Indian film studio Eros International to create a company called Eros STX Global Corp., with dual headquarters in Mumbai and Burbank. Robert Simonds, chief executive at STX, said the transaction will create “the first truly independent media company that deeply integrates the expertise and creative cultures of Hollywood and Bollywood.” The deal is expected to close in the second quarter. … PS Business Parks Inc. has given Chief Operating Officer John Petersen the title of interim chief executive while Maria Hawthorne takes a medical leave of absence. The Glendale real estate investment trust didn’t specify Hawthorne’s health issue, but said it was “unrelated to the coronavirus (COVID-19) pandemic.” … Steve Weber, president of online employee benefit provider MyProtectionHero in Calabasas, has decided to open its services including wills, trust-related documents and financial budgeting software to anyone in the U.S. free of charge during the pandemic. “We don’t make N95 masks or ventilators, and we’re not trained health care professionals, but we can help people by making our services available for free,” Weber said in a statement. … Talon International has retooled its manufacturing facilities to make personal protective equipment for health care workers. “For over 125 years, Talon has supplied the fashion industry with trims, zippers,” Larry Dyne, chief executive of the Woodland Hills company, said in a statement. “Today, the world has very different needs. … Our entire supply chain is mobilized and ready to meet this global challenge.” … Halley Gilbert has joined the board at Westlake Village-based Arcutis Biotherapeutics. She previously worked at Ironwood Pharmaceuticals in Boston and as an attorney at Skadden Arps Slate Meagher & Flom in New York. “She is an exceptionally talented board director and industry executive,” Frank Watanabe, chief executive of Arcutis, said in a statement. Staff Reporter Amy Stulick contributed to Valley Insider, which is compiled by Editor Joel Russell. Send submissions to jrussell@sfvbj.com.

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