Sign up Australia
Proactive Investors - Run By Investors For Investors

FFI acquires Aussie post-production media services firm Buff Dubs

Buff Dubs' services include encoding, transcoding, media duplication and mastering
Netflix
The acquired company has vendor relationships across consumer media platforms such as Netflix, Apple and Google

Film production underwriter FFI Holdings Plc (LON:FFI) is to acquire Buff Dubs, an Australian post-production services provider, for an initial payment of A$881,000.

The acquisition follows the signing of a letter of intent in September and is the third acquisition this year in the field of post-production services.

READ: FFI Holdings strengthens ancillary business with EPS-Cineworks acquisition

Buff Dubs was founded in 2005 and has preferred provider and vendor status with some of the world's leading media platforms, including Netflix, Apple and Google, as well as gaming platforms including PlayStation and Xbox.

In its last financial year, Buff Dubs generated A$4.3mln of revenues and underlying earnings (EBITDA) of A$881,000.

As well as the initial down-payment of A$881,000 FFI will make five annual payments to the vendors of Buff Dubs that are equivalent to Buff Dubs’ EBITDA at a four-times multiple.

The management and directors of Buff Dubs will be staying on board to oversee the operations and growth of the company.

READ: Film completion contract firm FFI Holdings seeking AIM spotlight with listing move

"2017 has seen FFI make a concerted expansion into post-production services as we broaden our business to serve the wider needs of our entertainment industry clients,” said Steven Ransohoff, chief executive officer of FFI.

“As with Pivotal Post and EPS-Cineworks, Buff Dubs brings valuable expertise and customer relationships to FFI. Buff Dubs' vendor relationships across consumer media platforms such as Netflix, Apple and Google are particularly exciting opportunities for FFI as we help our clients reach new audiences with their content," he added.

View full FFI profile View Profile

FFI Holdings Plc Timeline

Related Articles

Apollo 11
February 22 2018
Immersive VR, a technology company focused on the education space, was the first company Sure backed
Lego ball
September 14 2018
The company's latest push is a joint venture agreement with US-based entertainment firm Three Six Zero, which has steered the careers of pop stars such as Calvin Harris
Students in a class
August 27 2018
The company is gaining traction in Asia where people are looking to take language courses to work or study internationally

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use