Vistas Media Capital (VMC), a media content and technology company based in Singapore, is set to acquire Reliance Entertainment in a deal valued at Rs 700-800 crore, inform sources.
This acquisition marks another significant move for Vistas Media Capital (VMC), which has been making headlines since its inception.
In 2020, VMC invested $5 million in Planet Marathi, acquiring strategic equity in the OTT platform. Additionally, in August 2020, VMC launched the first Special Purpose Acquisition Company (SPAC) from Asia, Vistas Media Acquisition Company Inc., which took the MENA music streaming giant Anghami public on Nasdaq in February 2022. Recently, Anghami announced a merger with MENA’s leading video streaming platform OSN+, creating a powerful entity in the region’s music and video streaming market.
In 2021, VMC acquired a majority stake in Paperboat Design Studios, an animation and design company, further expanding its portfolio.
Under its film content and production banner, Golden Ratio Films, VMC has been instrumental in producing and distributing a wide array of films and digital content in both India and Hollywood. Their Hindi slate includes acclaimed titles such as Bhonsle, Albert Pinto Ko Gussa Kyoon Aata Hai, Nakkash and JL-50.
The company has also made significant contributions to Marathi cinema with films like -AB Aani CD, Chadramukhi and the national award-winning Paithni and has ventured into Tamil cinema with co-productions like Writer and J-Baby. Internationally, VMC has co-produced -The Extraordinary Journey of the Fakir and Son, among other notable projects.
VMC’s diverse operations span global content production and distribution, streaming platforms, animation and VFX, blockchain technology and NFTs, gaming, digital media marketing, and events and award IPs.
Founded by Abhayanand Singh and Piiyush Singh, VMC’s vision is to set up a global venture that integrates the entire value chain of media and entertainment, focusing on content, intellectual property, and media technology.
Reliance Entertainment, known for its joint venture business model, has a portfolio of over 300 commercially and critically acclaimed films. The company has a strong presence in distributing and syndicating films across India and over 100 countries, and its productions have garnered 28 National Awards and recognition at prestigious film festivals globally.
This acquisition by Vistas Media Capital is expected to significantly impact the media and entertainment landscape, enhancing both companies' capacities to produce and distribute high-quality content worldwide.
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