×
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

  • Arrow -- "Fadeout" -- Image Number:

    How The 'Arrow' Series Finale Honors 'The Completion of Oliver's Mission'

    SPOILER ALERT: Do not read if you have not yet watched the “Arrow” series finale. In the aftermath of Oliver Queen’s (Stephen Amell) death, the CW’s “Arrow” ended with a relatively happy ending. The post-“Crisis” world revealed that Oliver’s death had indeed been a spark that saved his city, which was now crime-free. Additionally, nearly [...]

  • Co-winners of the MVP award Phoenix

    Shaquille O'Neal Remembers Kobe Bryant in Tearful Tribute

    A tearful Shaquille O’Neal spoke publicly for the first time Tuesday about the death of his former teammate, Kobe Bryant. “I think a lot of times we take stuff for granted,” O’Neal said during a special edition of TNT’s “Inside the NBA.” Turning to his co-hosts with tears running down his face, O’Neal added, “Like [...]

  • Netflix new building Sunset

    Netflix to Lay Off Roughly 15 in Marketing Department Shift

    Netflix is poised to let go of roughly 15 marketing staffers from its Los Angeles office in the wake of last year’s shift in marketing leadership, Variety has learned. The layoffs represent a small percentage of the greater marketing division, according to a source, and follows the hiring last July of Jackie Lee-Joe as chief marketing [...]

  • Riverdale -- "Chapter Twenty-Six: The Tell-Tale

    TV News Roundup: ‘Riverdale’ Sets ‘Hedwig and the Angry Inch’ Musical Episode

    In today’s TV News Roundup, the CW revealed this year’s musical episode of “Riverdale” will feature numbers from “Hedwig & the Angry Inch,” and Amazon announced the premiere date for “Agatha Christie’s The Pale Horse.” DATES This Season 4 musical episode of “Riverdale” will air on Apr. 8 at 8:00 pm on the CW, and this [...]

  • Apple TV Plus

    Apple TV Plus Had 'Immaterial' Revenue in Launch Quarter Amid One-Year Free Deal

    Apple reported record-setting sales of nearly $92 billion for the three months that ended 2019 — but Apple TV Plus, the flashy new subscription-video service it bowed last fall, wasn’t part of the tech giant’s growth story. Apple TV Plus revenue “was immaterial to our results” for the period, CFO Luca Maestri told analysts on [...]

  • Kobe Bryant Dead

    Washington Post Says Reporter's Kobe Bryant Tweets Did Not Violate Social Media Policy

    UPDATE: Sonmez tweeted out a statement Tuesday evening calling for Washington Post executive editor Marty Baron to address the issue directly. Her suspension and his email warning to her, she said, “have unfortunately sown confusion about the depth of management’s commitment” to its journalistic principles. I believe that Washington Post readers and employees, including myself, [...]

More From Our Brands

Access exclusive content