US-based media and entertainment group DMG Entertainment launched a strategic investment fund called DMG Capital Group on Monday with $300m of capital that will go to entertainment, technology and media companies.
DMG Entertainment operates across various branches of the entertainment industry, including film and television production, games, live entertainment experiences and comic books, having bought a majority stake in comics company Valiant.
The unit will operate out of offices in Los Angeles and Silicon Valley, and will look to work with growth and private equity firms as well as entrepreneurs with an eye to international growth. China, where the company’s DMG Yinji operates, is a priority.
DMG Capital will invest in film, immersive media, gaming, entertainment licensing, broadband, free and pay television, e-commerce, mobile and over-the-top video technology together with media, entertainment and communications software and services.
Dan Mintz, DMG Entertainment’s CEO, said: “We are committed to partnering with the best and brightest innovators and taking them to the next level as we leverage our strategic insights and experience to help them grow.”