Yesterday afternoon, Vishnu Manchu shared a tweet stating that he would reveal some good news. Netizens wondered what it would be. Some opined that the actor would announce his new film, but much to the surprise of all, Vishnu Manchu disclosed that he would soon collaborate with renowned Hollywood actor Will Smith. The association is not about any film but aims to bring transformative technologies to the industry.

The actor shared a media report that mentioned, “Vishnu Manchu is venturing into the media and entertainment technology sector with the launch of Taranga Ventures by investing about $50 million. Hollywood icon Will Smith is in the final stages of negotiations, and a positive news is expected very soon. Taranga Ventures, with the potential for an additional $50 million extension, is poised to drive innovation within the media and entertainment sectors.”

Vishnu Manchu will be joined by experts from other sectors as well in this initiative. The fund will reportedly focus on investments in OTT platforms, gaming, blockchain, and emerging technologies like AR, VR, and AI. As said in the report, the fund is not only limited to financial support but also provides strategic mentorship for startups within the entertainment space. Vishnu said that this move will redefine the future of media and entertainment.