Robert Bruce Simonds Jr. (born 1964) is an American film producer, entrepreneur, and the founder & chairman of STX Entertainment, which creates, produces, distributes, finances, and markets film (as STXfilms), television (as STXtelevision), digital media (as STXdigital), and live events as well as virtual reality (as STXsurreal).[1] According to The Wall Street Journal in its first four years, Simonds more than tripled the company's valuation to an estimated US$3.5 billion.[2][3] In September 2017, it was reported that STX was close to an initial public offering on the Hong Kong Stock Exchange (SEHK),[2] and in April 2018, the company announced it had filed for an IPO.[4] In October 2018, it was announced that STX would not go through with the IPO, as political and market conditions had changed.[5] Prior to working at STX, Simonds was an independent film producer whose over 30 films have generated more than $6 billion in worldwide box office revenue.[6] Simonds is reported to have a net worth of $800 million.[7]
Early life and education
Simonds was born in Phoenix the son of Robert Bruce Simonds Sr., a businessman. He graduated from Yale University.[8]
In 2012, Simonds and Bill McGlashan, founder and managing partner of private equity firm TPG Growth, began conceptualizing and building a film, television and multimedia company that would make, market and distribute star-driven, commercial content to be distributed worldwide.[12][13] In 2014, STX Entertainment was formally launched with financing led by TPG Growth, and the company later secured investments from Chinese private equity firm Hony Capital and other individuals including Gigi Pritzker and William "Beau" Wrigley, Jr. II.[1]
The company has multiple divisions: film (STXfilms), which includes animation and family content; television (STXtelevision), which includes scripted and unscripted content; and digital media (STXdigital); along with an international partnership and distribution arm headquartered in London (STXinternational).
In 2016, the company received additional investment from Chinese Internet company Tencent and Hong Kong-based telecommunications company PCCW, and East West Bank's chairman and CEO Dominic Ng.[19] In 2017, the world's largest international television and broadband company Liberty Global invested an undisclosed amount in the company.[20] Funds from that round of financing will be used to continue to build STX Entertainment's TV division, further expand internationally and potentially make acquisitions.[2] In March 2019, STX raised $700 million in new capital, in a round led by TPG Growth and Hony Capital, to help STX release more films, expand its TV business, and pursue acquisitions.[21]
STX Entertainment's Board of Directors is composed of investors and industry veterans including: Simonds, David Bonderman (founding partner of TPG Capital), John Zhao (CEO of Hony Capital), Gigi Pritzker (founder of MWM Studios), Janice Lee (managing director of PCCW Media Group), Tracy Cui (managing director of Hony Capital), Frank Biondi (former president and CEO of Viacom and former chairman and CEO of Universal Studios; senior managing director of WaterView Advisors), Dominic Ng (chairman and CEO of East West Bank), Carmen Chang (chairman of New Enterprise Associates), and Bruce Mann (chief programming officer of Liberty Global).
STXfilms
When STX was launched the film division of the company focused its efforts on creating a new model. Rather than pursuing the traditional distribution process the company secured direct distribution agreements with North American theater chains AMC, Regal, Cinemark, Goodrich, Marcus Theatres, and Carmike Cinemas.[22] In early 2015, the company signed a multi-year television output agreement to release films exclusively to Showtime Networks and its multiplex channels Showtime, TMC and Flix, covering STX theatrical releases through 2019.[23] In April 2015, the company entered a multi-year partnership with Universal Studios Home Entertainment for Universal to handle marketing, sales and distribution services for Blu-ray, DVD and VOD platforms for STX theatrical titles in North America.[24] That same month, STXfilms closed a three-year slate deal with Huayi Brothers, one of China's largest film studios, enabling the companies to co-produce and co-distribute 12 to 15 films annually.[25] In 2015, STXfilms acquired its first film at the Toronto International Film Festival, purchasing the worldwide rights to Hardcore Henry for $10 million USD.[26] In January 2017, STXfilms signed a three-year marketing and distribution agreement with Luc Besson's EuropaCorp Films USA to release their upcoming slate of films.[27]
In 2014, the television division’s first project was the 13-episode series State of Affairs, starring Katherine Heigl and Alfre Woodard, which was sold to NBC.[41][42] In 2015, STXtelevision produced the NBC pilot Problem Child, based on the 1990 film of the same name.[43] In April 2016, the STXtelevision Chinese variety show Number One Surprise premiered on Hunan TV, and became the #1 show in China with over 1 billion total views.[44][45] In May 2017, STXtelevision announced it had acquired the first TV project from Kevin Kwan, author of Crazy Rich Asians.[46] In November 2017, STXtelevision announced Valley of the Boom, a docudrama about the 1990s tech boom from showrunner and director Matthew Carnahan and executive producer Arianna Huffington, set to air on NatGeo.[47] STXtelevision produced season 23 of True Life, which aired on MTV in 2017. In February 2018, Fox and STXtelevision announced it is developing an unscripted series based on STXfilms' Bad Moms.[48] In October 2018, STXtv received a pilot order from YouTube for The Edge of Seventeen, based on the film of the same name released by STXfilms in 2016.[49]
STXdigital
In August 2016, STXdigital acquired virtual reality (VR) studio Surreal, renaming it STXsurreal. Founded in 2015, in its first year Surreal produced over 70 immersive VR experiences.[50] In June 2017, STXsurreal announced a partnership with media services agency Horizon Media to develop and produce VR and immersive content for the brand's new UNCVR unit.[51] In 2018, STXsurreal announced a slate of original projects including The Limit, a live-action, short-form series from Robert Rodriguez and starring Michelle Rodriguez;[52]New Tricks, directed and produced by Ed Helms;[53] and The Kiev Exchange, a spinoff of STXfilms' Mile 22.[53] In December 2017, it was announced that STXdigital acquired the exclusive Chinese distribution rights to Dick Clark's New Year's Rockin' Eve from Dick Clark Productions (dcp), along with the Chinese distribution rights to the 2018 Golden Globes broadcast from dcp and the Hollywood Foreign Press Association.[54] STXdigital and Tencent partnered to broadcast both shows on Tencent Video.[55] In January 2018, the companies announced they would also co-produce a live Chinese-language Golden Globes red carpet pre-show, to air live with the telecast.[56]
In 2014, Simonds was featured as one of Hollywood's top dealmakers in Variety magazine's Dealmakers Impact Report for his work at STX.[62]The Hollywood Reporter has named Simonds one of the 100 Most Powerful People in Entertainment in each of their annual rankings through 2018, since first publishing them in 2016.[63][64][65] In 2017, Variety featured Simonds on their first annual Variety500: Entertainment Leaders and Icons list. He made the list again in 2018.[66]
Personal life
While attending Yale Simonds dated actress Jennifer Beals.[67] Simonds married Anne Biondi in 1999, and the couple live in Los Angeles with their son and four daughters.[8] About 2010 Simonds bought a house at Mulholland Estates for $4.7 million.[68]
