Midas Investments Launches Media and Entertainment Fund for Film Content

Singapore based Investment Banking and Advisory firm, Midas Investments Consulting Pte Ltd has launched a US$ 150 Million Midas Global Media Opportunities fund. The fund will invest in a diversified portfolio of Media and Entertainment related projects, assets and ventures such as Films (including mainstream / Indie films - Production and Distributions), Digital and Broadcast Content (including Short Films, Web Series, Television), Global Events (Entertainment, Social and Corporate), Talent Management and New Age Media technology firms. The Fund will diversify its allocation across the different industry verticals and across geographies. While the main geographic focus is India and China, the fund will also invest in selective Media and Entertainment related opportunities across Europe, Australia, Canada and the United States.

To begin with, Midas Entertainment LLP, which is the Fund's Singapore based operating entity for deployment into various media projects and ventures, has entered into a Long-Term MoU and Strategic Partnership with the two fast growing media companies - Indie Muvizz Pte Ltd and M! Capital Ventures Pte Ltd.

Indie Muviz Pte Ltd owns the Digital Content and Online Streaming / VoD platform Muvizz.com. Under the Muvizz.com brand, Indie Muviz has produced two of the most viewed and acclaimed short films in India - Taandav and Kriti both featuring Manoj Bajpayee in the lead. Muvizz has also co-produced a couple of feature films in the recent past and is organising the first edition of the South Asian Film Festival in Singapore.

M! Capital Ventures Pte. Ltd is a Singapore based Movie Production, Distribution and Film Investment entity which focusses on mainstream Film productions and distributions. Their upcoming mega productions include films such as Dhanush's first Hollywood film, The Extraordinary Journey of the Fakir directed by Ken Scott and stars Erin Moriarty, Academy Awards Nominees Barkhad Abdi and Berenice Bejo. The film, based on a French Best Seller novel, is slated to be released in English, French and Tamil next year; Siddharth Anand's next, the remake of the Hollywood cult action classic RAMBO starring Tiger Shroff and Anup Singh's next, The Song of Scorpions starring Irrfan Khan and Golshifteh Farahani which recently made its world premiere at the 70th Locarno Film festival. Over the last one year, M! Capital Ventures has also successfully invested in film distributions like Baahubali 2 (Hindi), Sachin A Billion Dreams, Raees, Kaabil, Rustom and now Toilet Ek Prem Katha from Singapore.

Details of the MoU are not available at this stage. Besides these two entities, Midas Entertainment LLP is also in advanced discussions with a leading Hollywood Studio and a China based Production entity for their US and China strategy, respectively.

The US$ 150 Million amount has been raised in tranches of US$ 30-50 Million through commitments from a mix of investors such as Financial Institutions, Private Equity Funds, Corporates, Pension Funds as well as Ultra High Net-Worth Private Investors and large family offices.

Mr Inder Preet Singh, Managing Director Midas Investments and Chairman Midas Entertainment LLP, says "This is a very interesting space for our investors not only from a diversification perspective but also with the exponential growth in Mobile and Digital technologies that we are witnessing, the demand for content will only increase with time and we want to capitalize on this. Our Vision is to leverage our Global Investors and Entertainment Industry network to build a World Class Media and Entertainment Company promoting social and cultural integration globally"

Abhayanand Singh, Founder of Indie Muvizz Pte Ltd, says "Muvizz has been committed to independent films and filmmakers and this partnership will only help all parties in creating some great content together and more importantly in taking them to a wider audience globally"

Saurabh Gupta, Managing Director and Co-Founder, M! Capital Ventures, says "We are really excited with our Strategic Partnership with Midas Entertainment LLP. Our entity, which is backed by The Asian Film Fund and Private Investors has already managed to be associated with profitable and some of the top performing Indian films since last year and with this partnership, we can now further expand our slate of mainstream projects across India and the region."

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