SRMG Launches SRMG Ventures to Empower Regional Talent, Drive the Future of Media Industry
Date
3/30/2023 2:04:34 AM
(MENAFN) On Tuesday, SRMG, a global integrated media group, announced the establishment of its corporate venture capital arm, SRMG Ventures. The launch of SRMG Ventures aligns with SRMG's transformative growth strategy and aims to invest in early-stage companies and technologies in media creators, digital media, media enablers and tools, including generative AI, and immersive and interactive entertainment. Initially, SRMG Ventures will focus on investments from seed to Series B stage.
Through SRMG Ventures, SRMG aims to back and empower regional talent and entrepreneurs, thereby acting as a catalyst for the further growth of the rapidly evolving media industry in the region. By investing in early-stage companies and technologies in the core target areas, SRMG Ventures will provide SRMG with direct access to innovative technologies, new media talent, and content creators. This, in turn, will enhance SRMG's own media portfolio and drive forward the future of media.
Furthermore, SRMG Ventures will help SRMG penetrate new markets and diversify its business offering while generating tangible financial returns. This new corporate venture capital arm marks a significant step for SRMG towards achieving its long-term goals and solidifying its position in the media industry. With SRMG Ventures, SRMG aims to create a sustainable ecosystem for regional talent and entrepreneurs, fostering innovation and growth in the media industry.
MENAFN30032023000045014228ID1105904842
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.