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

Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"
clapperboard
November 16 2018
According to Liberum, FFI expects the US performance to normalise by the end of this financial year
Apollo 11
February 22 2018
Immersive VR, a technology company focused on the education space, was the first company Sure backed

© 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