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05/06/2014

Fineline Supplies Funding To Cloudbass

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Fineline Media Finance supplied funding to facilitate the growth of UK broadcast solutions provider Cloudbass. As well as purchasing new camera chains and cabling for its OB arm, the deal also qualified for 20% Regional Growth Fund (RGF) funding thanks to the creation of four new full-time positions at the company.

Cloudbass was formed in 2002. In 2012 it acquired significant assets of Arqiva Outside Broadcast and has also recently set up Cloudbass Graphics as a dedicated division based at Pinewood Studios.
The new equipment – 4x Sony PMW-500 Cameras, Canon Lenses & Accessories supplied by CVP; SMPTE Cabling supplied by WTS – will help the company continue its investment in trucks and equipment required to support higher profile contracts.
Recent OB projects include the Skrill Premiership and Women's Super League coverage for BT Sport, ITV's BTCC coverage including full RF facilities of which the new kit forms a part, continuing coverage of BBC's Question Time, as well as being at 192 Premiership Football matches for Premier League Productions.
Steve Knee, Managing Director, Cloudbass, said: "Up until three years ago we had never financed anything, always buying in cash or hiring additional kit. However, comparing the cost of hiring versus financing a purchase, it now makes much more sense to buy the equipment, particularly as we are confident that it will open doors to bigger contracts.
"Fineline has been one of the main finance houses that has enabled us to leverage growth that has seen us double in size three times in as many years.
"The Fineline team understands where we are going as a company and what we want to achieve. They understand the nature of the business and are very quick to react, going the extra mile whenever required."

www.fineline.co.uk

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