wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , ,

As YuppTV raises $50M, the battle begins for video dominance

By Vivek Pai & Nikhil Pahwa Online video streaming application YuppTV has secured $50 million in a round of funding from Emerald Media,  in exchange for a minority stake, the company has said. Emerald Media is a Pan-Asian investment firm led by Rajesh Kamat and Paul Aiello, two former STAR executives, the same team that led CA Media; it is essentially a new portfolio of investments for the CA Media team, with $300 million committed by KKR's Asian Fund II, with CA Media as a co-investor. The capital will be used for expanding YuppTV’s content library through originals and acquisitions, to expand globally and grow its subscriber base. Last month, the company acquired Reliable IPTV, which caters to the Telugu-speaking NRI diaspora in the United States, Canada and the United Kingdom. The Emerald-CA Media combine has investments in Endemol, OML, Fluence and Graphic India, for the creation of original content, which YuppTV will look to leverage. YuppTV has raised money twice previously: an undisclosed amount from Poarch Creek Indian Tribe of Alabama in September last year, and $2.5 million from angel investor Sashi Reddi in 2014. It was founded in 2007 by Uday Nandan Reddy, and offers a subscription-based live television & video-on-demand service to NRIs in countries like the US, Europe, Australia, Canada, Trinidad & Tobago and South Asian countries. It claims to list over 250 South Asian TV channels, over 5000 movies and over a 100 TV shows. Content Acquisitions by YuppTV In August, it acquired broadcast rights for…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ