MUMBAI, India, Oct 11 (Bernama-BUSINESS WIRE) -- Emerald Media, a Pan-Asian platform established
by leading global investment firm KKR for investing in the media and
entertainment sector, today announced that it has acquired a significant
minority stake in YuppTV for US$50mn. YuppTV is one of the world’s leading
over-the-top (OTT) video platforms for South Asian content offering live TV,
catch-up TV and movies on-demand in 14 languages across the globe. The growth
capital will enable YuppTV to further its global footprint, expand its content
library through original productions and acquisitions, and rapidly grow its
paid subscriber base.
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