Friday 12 January 2018

KKR-BACKED EMERALD MEDIA ACQUIRES CONTROLLING STAKE IN COSMOS-MAYA

Cosmos-Maya, the market leader in original Indian animation content creation, now eyes global market

MUMBAI, India, Jan 11 (Bernama-BUSINESS WIRE) -- Emerald Media, the Pan-Asia company backed by leading global investment firm KKR, today announced that it has acquired a controlling stake in Cosmos-Maya through a combination of primary and secondary stake acquisition. Based in India, Cosmos-Maya is the market leader in IP-led Indian kid's animation content. The capital from this investment will help the company with strategic growth initiatives and creating global IPs to further increase its footprint across the world.

Promoted by internationally acclaimed Indian filmmakers Ketan Mehta & Deepa Sahi, Cosmos-Maya pioneered the art and technology of animation and visual effects in India. Over the last 5 years, the company has produced a record 1000 half-hour segments of animated content. Today, it has multiple ongoing productions with major television and digital platforms, including Viacom18, Disney Networks, Turner International, Sony Pictures Network, Discovery Networks, Netflix, Amazon Prime Video and ALT Balaji.
http://mrem.bernama.com/viewsm.php?idm=30913

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