Update: Emerald Media has informed MediaNama that the company will be headed by Rajesh Kamat and Paul Aiello. CA Media will be controlled and managed by Emerald Media and its old CEO and COO structure no longer exists. Earlier today: Investment firms KKR and The Chernin Group have entered into a partnership to establish Emerald Media, an investment firm to invest in media and entertainment industries across Asia, reports IndianTelevision. KKR will hold a majority in the venture, with its Asian Fund II investing up to $300 million in the initiative, while The Chernin Group will remain as a minority co-investor. Emerald Media will focus on providing between $15 million to $75 million in funding for controlling stake or a significant minority position in entertainment, digital media and media businesses in Asia. Note that KKR also acquired a significant minority stake in CA Media, the Asian media investment arm of The Chernin Group. Emerald Media will be led by Rajesh Kamat and Paul Aiello as its Managing Directors. Kamat was appointed as the Group COO of CA Media in March last year. Kamat, who is also the CEO of CA Media in India, reported to Paul Aiello, CA Media Group’s Hong Kong-based CEO, and was responsible for identifying and managing investments for CA Media in Asia. Kamat and Aiello will continue to head CA Media. Investments in India: CA Media has previously made various investments in India, including in the TV production house Endemol India, niche music and events business Only Much Louder and graphic…
