Media investment entity Vistas Media Capital based in Singapore has reportedly received funding worth $10 million from Middle Eastern investment group Kitara Capital.
This is the first investment for the company, according to Abhayanand Singh, CEO of Vistas Media who was speaking to a media house. He added that the funds will be directed towards developing, producing, financing and distributing Indian content across platforms both digital and theatrical globally.
Over the next three years, the media investment company intends to raise $100 million for investing in films and digital content, Singh reportedly said.