They may also invest in selected entertainment properties in Europe, Australia and North America.
Investments will be across films, digital and broadcast content, talent management, new age technology companies and global entertainment, corporate and social events, reports variety.com.
Midas has entered into a long term partnership with two Singapore companies that focus on Indian content, Indie Muviz and M! Capital Ventures. Midas is also in advanced talks with potential US and Chinese partners.
Indie Muviz operates streaming platform Muvizz.com. The company also produces shorts. A feature film "Bhonsle", starring Manoj Bajpayee, is in the works. The firm's foray into event management includes the first edition of the South Asian Film Festival to be held here later this year.
M! Capital Ventures is a film production, distribution and investment entity. Upcoming productions include "The Extraordinary Journey of the Fakir", starring Dhanush, Erin Moriarty, Barkhad Abdi and Berenice Bejo, that will release in English, French and Tamil versions next year, and the Hindi-language remake of "Rambo", starring Tiger Shroff.
The company has also invested in "The Song of Scorpions", starring Golshifteh Farahani and Irrfan Khan.
"This is a very interesting space for our investors not only from a diversification perspective but also with the exponential growth in mobile and digital technologies," Midas chairman and managing director Inder Preet Singh said.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.