Peter Chernin’s Chernin Group has bought a large minority stake in comic-book and animation studio Graphic India, which also creates content for mobile and online platforms. Chernin is the former president and COO of Rupert Murdoch’s News Corp.
Graphic India was launched last year by Sharad Devarajan, Gotham Chopra and Suresh Seetharaman as a subsidiary of U.S. comic book firm Liquid Comics, Graphic India will now be jointly owned by Liquid and CA Media, the Asian investment vehicle of Chernin Group, says The Hollywood Reporter.
Liquid will contribute what the partners said is “one of the world’s largest and highest-quality comic book libraries based on Indian characters” to Graphic India. Devarajan will become CEO of Graphic India, while staying as executive chairman of Liquid.
India is home to 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.
“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,” said Graphic India co-founder and CEO Devarajan. “At Graphic India, we intend to find, nurture and promote a new generation of creators to transform the world with their stories.”
You can check out a cool trailer for Graphic India’s properties here: www.graphicindia.com/portfolio/trailer/.