Post and vfx house, Coffee & TV, has been acquired by advertising and marketing conglomerate, Omnicom.
The move is aimed at bolstering the newly formed Omnicom Content Studios’ offering and will fuel international expansion for Coffee & TV.
Coffee & TV will now “accelerate its growth” and will “expand its geographic presence” whilst “fiercely protecting the group’s individuality and independence.” The first step will be the expansion of Coffee and TV’s London flagship HQ and the launch of Creative Studios in New York, LA and Austin and it will continue to build “across multiple additional markets to meet the demand for high end visual effects.”
CEO Derek Moore is leading the charge on the US expansion, supported by MD Leonie Moreton. They will work with Omnicom Content Studios’ President, Dave Colon, “to ensure Coffee & TV is able to continue scaling its unique culture, empowering creativity, and delivering exceptional craft.”
Derek Moore said, “Coffee & TV has always been a creative studio driven by purpose. We’ve taken every step we can to become a better company, attracting the best talent to produce the best work. Having regularly been voted the best place to work in TV and, last year, Campaign UK’s Best Place to Work, we can’t wait to bring our unique ethos to North America and beyond. Omnicom’s core values reflect our own and their agencies are widely recognised as among the world’s most creative. Pairing world-class visual arts with a people-first culture is what we do best.”
Co founder Chris Chard (CRO), said, “We want more people to experience Coffee & TV, both artists and clients alike. We’ve all worked for big corporations and know what it feels like to be a number on a spreadsheet; we know the pitfalls, so we set up Coffee & TV to be the antidote to that antiquated model. Now, in partnership with Omnicom, we’re ready for the next stage of our journey. We’re going against the grain once again and daring to do things a little differently.”
Residence Pictures’ Managing Director & Co-Founder, Cara Kotschy, said “It’s a very exciting time for the Coffee & TV Group and Residence Pictures. It presents an amazing opportunity for Residence Pictures to remain founder led, retaining the independence to continue our strategy of disrupting the London market with our best in class colour grading and picture finishing while utilising the Omnicom network to accelerate our growth into global markets far quicker than we ever anticipated.”
The acquisition includes Coffee & TV’s long-form picture finishing facility, Residence Pictures. Coffee & TV and Residence Pictures management will continue to serve in their current roles.
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