Zee Group to launch Rs 1,284-cr fund for US subsidiary

Zee Group today announced creation of a $250-million (Rs 1,284-crore) fund content development, production, co-production and acquisition fund for its US subsidiary -- Veria Living.

“We are firmly committed to growing the Veria brand across television, Internet, mobile and OTT platforms. By focusing on original content development and production we’re not only looking to build a broad US audience for Veria Living, but also setting the table for the expansion of the brand globally over the next couple of years,” said Subhash Chandra, chairman, ZeeGroup.