Bringing together the worlds of film, music, sports education and esports,
Big Bang Media Ventures (BBMVPL) and New Horizons Alliance (NHA) have announced a merger of the two companies, following which the new combined entity will retain the BBMVPL name.
Bringing together the worlds of film, music, sports education and esports, the new entity will aim at becoming a dominant multi-hyphenate entertainment and learning ecosystem.
Big Bang Media Ventures is the Co-Promoter of Phantom Films and Mythoverse Studios, two prominent Indian content houses, and the founding investor of creator-led businesses like Collective Artists Network, BGBNG Music, Big Bang Social.
BBMVPL through its different businesses has been the curator for media tech platforms like Netflix, lnstagram, YouTube, Spotify, Disney+, among others.
On the motion picture front, along with the under production ‘Ramayan’, BBMVPL’s first mega Mythoverse series, ‘Mahabharata’, was recently announced by Disney at an expo.
NHA, on the other hand, is a sport (AISTS India) and esports (NASEF India) education company. NHA is also developing an esports business across Asia and the Middle East with the International ESports Federation (IESF).
Madhu Mantena will continue with BBMVPL as the Founder and Chief Creative Officer, while Ravneet Gill will take over the reins of BBMVPL as Managing Director and Chief Executive Officer.
Mantena is a film producer and a pioneer in media entrepreneurship. A banker, Gill headed two of India's largest banks during his banking career and has been building NHA to fuel the future of the sports and esports businesses in India.
Mantena said, "It is a matter of privilege for me and BBMVPL that my mentor, Manmohan Shetty, who needs no introduction in the world of media, shall head the Board as its Non-Executive Chairman. This merger enables BBMVPL to metamorphosise from an entertainment production company into a full-fledged content company over the next few years with equal focus on entertainment, education and esports. I am most excited and looking forward to working under Ravneet's leadership in helping steer BBMVPL towards the tall goals he has set for the company".
Gill remarked, "As education becomes more audio-visual and esports more integral to the creator economy, content curation becomes the game changer. Madhu is not only a creative genius but also a visionary and I believe this merger shall reorient the space we operate in and reinforce the market leadership position of our businesses."