×
You will be redirected back to your article in seconds

Chernin Group acquires stake in Graphic India

Company invests in comic book and animation company

Chernin Group subsidiary CA Media has acquired a minority stake in comicbook and animation company Graphic India.

Company announced the investment in a statement issued Thursday, describing the stake as “large.”

Sharad Devarajan, Gotham Chopra and Suresh Seetharaman launched Graphic India as a subsidiary of U.S. comicbook company Liquid Comics last year with a focus on “creating mythological and superhero characters, comics and stories for the Indian youth market,” according to the statement.

As part of Thursday’s transaction, Devarajan will become CEO of Graphics India and remain exec chairman of Liquid Comics. Liquid Comics will also contribute its library of properties based on Indian characters to Graphic India and partner on various projects.

Graphic India meshes with Chernin’s appetite for high-growth trends, as the company run by Peter Chernin continues making diversified investments in budding digital ventures. Graphic India creates its content for multiple media, including mobile and online platforms.

Last year, the Chernin Group invested in Latino YouTube channel Mitu and U.K. multi-channel network Base79.

Graphic India says it will take advantage of the enormous Indian youth market of 500 million consumers under age 25, many of whom use the country’s 850 million cellphones.

CA Media’s aim is to create an ecosystem of diversified assets across media, where each asset not only unlocks its own value, but also adds to the rest of the portfolio,” said CA Media CEO Rajesh Kamat. “Graphic India is a valuable addition to this mix, especially in the youth segment.

More TV

  • All Rise Prodigal Son Network TV

    Networks Tout Delayed Viewing Amid Dismal Early-Season Numbers

    The 2019-20 broadcast premiere season has begun, and the ratings are … underwhelming. More specifically, the Nielsen live-plus-same day ratings are underwhelming. Of the 13 new shows that debuted across the Big 4 during premiere week (Sept. 23-29), the highest-rated was Fox’s “Prodigal Son,” which notched a 0.96 rating in adults 18-49. In terms of [...]

  • RAVEN'S HOME - Disney Channel's "Raven's

    'Raven's Home' Renewed for Season 4 at Disney Channel (EXCLUSIVE)

    “Raven’s Home” has been renewed for a fourth season at Disney Channel, Variety has learned exclusively. In addition, Alison Taylor is joining the fourth season as an executive producer alongside series lead Raven-Symoné and showrunner Warren Hutcherson. Production on the new season will begin later this year. “Raven is a huge part of the Disney Channel [...]

  • Variety Cord Cutting Placeholder Cable

    Starz Warns Subscribers of Looming Drop by Comcast

    Comcast subscribers will have to do without Starz shows like “Power” and “Outlander,” the result of the latest showdown between a major programmer and one of the big cable distributors that gets its content into consumers’ living rooms. The Lionsgate-backed premium cable service told subscribers to Comcast’s Xfinity service Wednesdays that they can expect to [...]

  • "Murder Means Never Having to Say

    'Why Women Kill' Renewed for Season 2 at CBS All Access

    “Why Women Kill” has been renewed for a second season, CBS All Access announced Wednesday. “‘Why Women Kill’ has had a phenomenal first season,” said Julie McNamara, executive vice president of original content, CBS All Access. “Under the creative direction of Marc Cherry and the incredible performances of the cast, the series has become one [...]

  • Lucia Milazzotto

    Rome MIA Director Lucia Milazzotto Talks Linear TV and Theatrical Comeback

    MIA market director Lucia Milazzotto is the main architect of Rome’s new format post-Mipcom, pre-AFM confab launched five years ago to serve as a driver for the Italian industry in the global arena. The MIA acronym stands for (Mercato Internazionale Audiovisivo, or International Audiovisual Market). Milazzotto spoke to Variety about how this unique event featuring [...]

  • TV Ratings: 'This Is Us' Slides

    TV Ratings: 'This Is Us' Slides Again, 'Arrow' Returns Steady

    After showing some stability from week 2 to week 3, “This Is Us” has slid once again in the ratings. The popular NBC drama dipped from a 1.65 rating among adults 18-49 last week to a 1.5 this time around, and from 7.3 million total viewers to 6.7 million. Its lead-in, “The Voice,” scored a [...]

  • Diane Sawyer Will Interview Cameron Douglas

    Diane Sawyer Will Interview Cameron Douglas, Michael Douglas in ABC News Special

    Diane Sawyer will present the first television interview with Cameron Douglas, the son of actor Michael Douglas who has had a troubled history, in a new one-hour primetime special slated to air Tuesday, October 22 at 10 p.m. eastern on ABC. The younger Douglas has written a memoir, “Long Way Home,” that examines how addiction [...]

More From Our Brands

Access exclusive content