Watch Live

Tweet TWEET

The Chernin Group’s CA Media Invests in Graphic India

  The Chernin Group’s CA Media Invests in Graphic India

                 Creates Digital Comics and Animation Company

  Liquid Comics Co-Founder, Sharad Devarajan Appointed as CEO of New Company

Business Wire

MUMBAI, India -- January 17, 2013

CA Media, LP, the Asian investment arm of The Chernin Group, LLC (TCG), today
announced that it has acquired a large minority stake in Graphic India, a
comic book and animation company focused on creating mythological and
superhero characters, comics and stories for the Indian youth market,
published across mobile and online platforms.

Launched last year by media entrepreneurs Sharad Devarajan, Gotham Chopra and
Suresh Seetharaman as a subsidiary of U.S. comic book company Liquid Comics,
Graphic India will now be jointly owned by Liquid Comics and CA Media.
Devarajan will be appointed CEO of Graphic India and remain Executive Chairman
of Liquid Comics. As part of the transaction, Liquid Comics will contribute
one of the world’s largest and highest-quality comic book libraries based on
Indian characters to Graphic India. In addition to CA Media’s investment, it
will partner with Graphic India to provide industry expertise and create
iconic franchises for Graphic’s characters through multiple media within the
Indian entertainment ecosystem.

Graphic India will provide a new creative voice to the Indian youth
marketplace, a population that is one of the largest and fastest growing
demographics in the world, with more than 500 million consumers under the age
of 25 and with more than 850 million mobile phone users in the country.
Graphic India is uniquely positioned to meet the increasing demand of this
connected and sophisticated youth population for multi-platform entertainment
content that respects India’s creative traditions and the global ambitions of
the Indian people today. Through animated shorts, digital comics, and
associated media content, Graphic India will launch mythological and superhero
characters and storylines that India’s youth audience can celebrate with
pride. Graphic India will enable consumers to experience its growing library
of content across a variety of mobile and online devices, both within India
and worldwide through its own digital platform as well as through distribution
partners.

Rajesh Kamat, CEO of CA Media India, stated: “Following our successful entry
into the traditional media space, we are very pleased that Graphic India marks
our first investment in the digital space. CA Media’s aim is to create an
ecosystem of diversified assets across media, where each asset not only
unlocks its own value, but also adds to the rest of the portfolio. Graphic
India is a valuable addition to this mix, especially in the youth segment. We
look forward to working with the company to create heroes that inspire the
next generation of Indian consumers.”

Paul Aiello, CEO of CA Media, added: “CA Media is thrilled to be partnering
with the talented Liquid Comics team, headed by Sharad Devarajan. We look
forward to building the business with Sharad and his team, an amazingly gifted
group of content creators and phenomenal operators.”

“India is home to some of the most creative minds in the world, and we believe
that the next Batman, Harry Potter, Pokemon or The Avengers, can come from
this country,” commented Graphic India, Co-Founder & CEO, Sharad Devarajan.
“At Graphic India, we intend to find, nurture and promote a new generation of
creators to transform the world with their stories. The team at The Chernin
Group and CA Media bring an unparalleled level of experience in entertainment
and we could not imagine a better partner to work with to launch this
mission.”

Graphic India intends to launch numerous new projects in the upcoming year
showcasing original stories from young breakthrough talent as well as
established Indian and global icons. The company has partnered with POW!
Entertainment and Stan Lee, the legendary co-creator of Spider-Man, X-Men,
Hulk, Iron Man, Hulk and The Avengers, to create his first superhero for the
Indian market, Chakra The Invincible. The story centers on Mumbai teenager
Raju Rai, who develops a technology-enhanced suit that activates the mystical
chakras of the body, unleashing newfound abilities and powers. Lee will be
collaborating with a team of leading Indian artists and creators to bring the
new superhero to animation and comic books.

In addition to numerous new properties in production, Graphic India will
release new digital content around the highly acclaimed comic books previously
published by Liquid Comics, including:

  *Devi, created by preeminent filmmaker Shekhar Kapur (Elizabeth; Mr. India;
    The Golden Age) features the story of an immortal goddess reincarnated as
    a young woman in the fictional Indian city of Sitapur, charged with using
    her super-heroic powers to save her city from demons and monsters.
  *The Sadhu, created by  Gotham Chopra, about a British colonial soldier who
    becomes trained by the Indian mystics known as Sadhus and uses his
    newfound abilities for justice and currently being developed as a
    theatrical live-action film in Hollywood.
  *Ramayan 3392AD, a futuristic epic inspired by the classical Ramayana myth
    and currently being developed as a theatrical live-action film in
    Hollywood with Mandalay Entertainment.

About Liquid Comics

Liquid Comics is a digital entertainment company focused on creating cinematic
and mythic graphic novel stories with filmmakers, creators and storytellers.
The company was founded by entrepreneurs Sharad Devarajan, Gotham Chopra and
Suresh Seetharaman and uses the medium of digital graphic novel publishing to
develop properties for theatrical live-action films, animation and video
games. Liquid Comics has created and is creating original graphic novels with
acclaimed filmmakers and talents including John Woo, Guy Ritchie, Grant
Morrison, Dave Stewart, Marc Guggenheim, Jonathan Mostow, Edward Burns,
Nicolas Cage, John Moore, Wes Craven, Barry Sonnenfeld and others. The company
currently has a number of film and television projects in development based on
their properties. For more information: www.LiquidComics.com

About The Chernin Group

The Chernin Group, LLC (TCG) is a privately held, independent media holding
company founded by Peter Chernin and based in Los Angeles, CA. TCG has built,
managed, operated, and invested in businesses in the media, entertainment, and
technology sectors around the world since 2010. TCG's assets include Chernin
Entertainment, which produces feature films and television programs; a
majority stake in Hong Kong-based CA Media, which builds, manages, and
operates media, entertainment, and technology businesses across Asia; and
several strategic investments in digital media companies including Pandora,
Fullscreen, Base79, MiTú, Tumblr, Flipboard and Scopely. Providence Equity
Partners LLC; Qatar Holding LLC; Victor Koo (founder and CEO of Youku) and
Chengwei Capital; and other shareholders are strategic partners of and
investors in TCG.

About CA Media

Majority-owned by The Chernin Group, CA Media was co-founded by The Chernin
Group and Paul Aiello in November 2010 with a mandate to build, manage, and
operate media, entertainment, and technology businesses throughout Asia. Based
in Hong Kong, CA Media is building a regional footprint primarily focused on
India, Indonesia, and China. CA Media has acquired significant stakes and has
partnered in the success of Endemol India, a leading television and film
production business; Only Much Louder (OML), a music, live events, and youth
media company in India; Legend Fighting Championship, a Hong Kong-based mixed
martial arts promotion; and most recently Graphic India. CA Media is launching
FLUENCE, India’s leading ‘online influencer network’ around celebrities and
brands.

The CEO of CA Media, Paul Aiello, was formerly the CEO of News Corporation’s
Star TV Asia. Prior to that, he was the Head of TMT investment banking at
Morgan Stanley for the Asia region. The CEO of CA Media India, Rajesh Kamat,
was formerly COO of Viacom18 Group, CEO of Colors and founded the India
operations of Endemol as its Managing Director.

Contact:

Media Contacts:
Sard Verbinnen & Co
Charles Sipkins, (310) 201-2040
csipkins@sardverb.com
 
Press spacebar to pause and continue. Press esc to stop.