Mumbai: According to media reports, The media content and technology firm based in Singapore – Vistas Media Capital (VMC), is poised to purchase Reliance Entertainment in a transaction valued between Rs 700-800 crore.
VMC invests in the ecosystem of the global media and entertainment industry. The businesses and venture investments of the firm are diversified across Global Content Production and Distribution, Streaming Platforms across video and music, Animation & VFX Studio, Blockchain Technology and NFT (Non-Fungible Token), Gaming, Digital Media Marketing, Events and Award IPs.
VMC is one of the first companies from Asia to list a Special Purpose Acquisition Company (SPAC) IPO on Nasdaq that is taking Anghami – the leading music streaming platform of the MENA region and the first Arab tech company to list on Nasdaq through a reverse merger in Q4 2021.
In November 2023, Kitara Capital, a global investment group based in the Middle East with diverse investments in India, formed a joint venture (JV) with Vistas Media’s content division in Abu Dhabi.
In 2021, VMC acquired a majority stake in Paperboat Design Studios, an animation and design company based out of India, for an undisclosed amount.
In 2020, VMC agreed to invest up to $5 million in Planet Marathi Seller Services, the parent company of the Marathi video streaming platform, Planet Marathi.
Abhayanand Singh is the Co-Founder & Group CEO of Vistas Media Capital, based in Singapore and Co-Founder Vistas Media Acquisition Company SPAC. Piiyush Singh is the Co-Founder & Group COO of Vistas Media Capital, based in the U.A.E and runs the Business in Abu Dhabi and India for the Development & Production of Feature Films and Web Series.
