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FFI Holdings buys UK film distributor Signature

The consideration is US$5mln cash upfront followed by four annual payments based on underlying earnings
film
Signature is a streaming specialist

Completion contracts specialist FFI Holdings Plc (LON:FFI) has acquired Signature Entertainment, one of the UK’s largest film distributors.

Steven Ransohoff, FFI Holdings’ chief executive said Signature is especially well placed in the streaming arena, which is a new captive distribution channel for the group.

READ: FFI Holdings signs 'landmark' deal to run Allianz's entertainment book

Founded in 2011, Signature has released over 600 titles and acts as an aggregator for Netflix, Amazon Prime and Sky and other streaming services. 

The consideration is US$5mln cash upfront followed by four annual payments based on underlying earnings.

FFI dominates the space in the UK for completion contracts, in effect an insurance policy to guarantee a film gets made, but has diversified recently into post-production services and distribution capabilities.

A documentary collaboration with IMAX and Warner Brothers, "Pandas", has also now been launched in the US.

 

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