The Farm Group has confirmed that it has been acquired by the LA based post company, The Picture Shop.
The deal comes 21 years to the day after The Farm founders, Nicky Sargent and Vikki Dunn, signed a deal with WPP to launch The Farm. The Farm Group was 75% owned by WPP.
Picture Shop, Picture Head and Formosa are backed by the private equity firms Trive (Dallas) and 5 Crowns (California, who have also recently bought Finale in Canada).
Sargent and Dunn are both to reinvest their stake in the expanded Picture Head Group.
The Farm has sites in London, Manchester, Bristol and Los Angeles, as well as being on-site with BBC Sport, UKTV and Fremantle Media.
Sargent and Dunn said, “We have grown from 12 people and 6 suites to nearly 400 people in sites across the UK and in Hollywood, so we thank WPP for letting us live the dream for the first few chapters of the Farm’s history.”
“Now, as content provision and services become a truly international business, we have bigger dreams so are excited to be joining up with Bill and his teams. Together, Picture Shop, Formosa, Finale and The Farm give the world’s producers a seamless way to work across the Atlantic. That is why we are re-investing in the newly expanded group.”
David Klafkowski, CEO, said. "This makes us the easiest purchase for any producer wanting excellent post production for their international product".
Recent projects at The Farm include Britain’s Got Talent, Summer of Rockets and The Graham Norton Show.
Staff Reporter
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