KKR invests up to $300m in Asia media

KKR commits $300m to deals in the media and entertainment industries across Asia and buys a minority stake in the existing Asian media portfolio of The Chernin Group.
CA Media works with Bollywood
CA Media works with Bollywood

KKR said on Tuesday it has committed up to $300 million to making deals in the media and entertainment industries across Asia and bought a minority stake in the existing Asian media portfolio of The Chernin Group which was founded by former News Corp. president Peter Chernin.

KKR has set up Emerald Media, a new vehicle to fund the media investments and Los Angeles-headquartered film production and investment firm, The Chernin Group, will join as a minority co-investor. 

“The growing middle class in the region is using its discretionary income on Internet connectivity, but the industry itself is fragmented,” Said Joseph Bae, Member of KKR Managing...

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