Singapore’s Midas Investments Launches $150 Million Fund (EXCLUSIVE)

Singapore-based investment banking and advisory firm, Midas Investments Consulting has launched a $150 million fund. The Midas Global Media Opportunities fund will have a primary geographic focus on India and China, but may also invest in selected entertainment properties in Europe, Australia and North America.

Investments will be across films, digital and broadcast content, talent management, new age technology companies and global entertainment, corporate and social events.

Midas has entered into a long term partnership with two Singapore companies that focus on Indian content, Indie Muviz and M! Capital Ventures. Midas is also in advanced talks with potential U.S. and Chinese partners.

Indie Muviz operates streaming platform Muvizz.com. The company also produces shorts. A feature film “Bhonsle,” starring Manoj Bajpayee, is in the works. The firm’s foray into event management includes the first edition of the South Asian Film Festival to be held in Singapore later this year.

M! Capital Ventures is a film production, distribution and investment entity. Upcoming productions include “The Extraordinary Journey of the Fakir,” starring Dhanush, Erin Moriarty, Barkhad Abdi and Berenice Bejo, that will release in English, French and Tamil versions next year, and the Hindi-language remake of “Rambo,” starring Tiger Shroff. The company has also invested in “The Song of Scorpions,” starring Golshifteh Farahani and Irrfan Khan, that recently premiered at Locarno.

“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,” Midas chairman and managing director Inder Preet Singh said.


Popular on Variety

More Biz

  • A view of the SK Telecom

    Korean Regulators Approve Four-Way Streaming Merger

    South Korean regulators have approved the merger of the video services of three local broadcasters and SK Telecom’s streaming app Oksusu. The new service, operating under the name Wavve will launch in September and be Korea’s largest. Proposed in January as a measure to combat the incursion of international video players, the deal was given [...]

  • Two bull statues are displayed outside

    Alibaba Delays Hong Kong Share Listing (Report)

    Against a background of political tension in Hong Kong, Chinese tech and entertainment giant Alibaba is reported to have delayed its planned share listing in the Asian financial capital. Reuters cited two unnamed sources in a report Wednesday on the decision to postpone. One said that the delay was approved at a board meeting the [...]

  • Mass Appeal and Universal Launch Hip-Hop

    Nas, Mass Appeal and Universal Music Launch Hip-Hop Label in India, Sign Divine

    Mass Appeal and Universal Music Group today announced the launch of Mass Appeal India – a new label dedicated to amplifying India’s burgeoning hip-hop culture on a global scale. The new label’s operations will be based Universal Music India’s headquarters in Mumbai and will function as a multi-channel partnership between the two companies. According to the announcement, Mass Appeal India will sign and [...]

  • Harvey Weinstein, center, arrives to court

    Weinstein's Attorneys Seek to Move Trial to Long Island or Albany

    Harvey Weinstein’s attorneys want his rape trial moved to Long Island or Albany, citing the “circus-like atmosphere” surrounding the courthouse in Manhattan. Weinstein is set to go on trial on Sept. 9 on five charges of rape and sexual assault. The disgraced producer faces a potential life term if convicted. In a motion to the [...]

  • Edge, left, Adam Clayton, and Bono

    New York’s PlayStation Theater to Close (EXCLUSIVE)

    New York’s PlayStation Theater, a 2,100-capacity venue located in Times Square and operated by Bowery Presents, will close at the end of 2019, a source close to the situation tells Variety. The venue will close with a New Year’s series of shows from the Disco Biscuits. The theater, which is located two stories beneath the [...]

  • Courtesy of Earwolf

    How Lauren Lapkus Tossed the Script and Created a Podcasting Hit

    Lauren Lapkus has tossed the script on what makes most podcasts a hit. At a time when many of the most downloaded shows are true crime investigations or celebrity interviews, she’s doing something entirely different on each episode of “With Special Guest Lauren Lapkus.” Each hour-long installment is a free-wheeling, completely improvised ride. One show [...]

More From Our Brands

Access exclusive content