Tuesday, October 11, 2016

KKR-BACKED EMERALD MEDIA INVESTS US$50MN IN YUPPTV

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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